Nio profit Q2 2023

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Nio’s ET5 is on display at the Central China International Auto Show on May 25, 2023 in Wuhan, China. Getty Images | Getty Images News | Getty Images Chinese electric vehicle maker Nio lost $835.1 million in the second quarter, more than double its loss from a year ago, as deliveries of its luxury electric … Read more

Toyota will resume production in Japan on Wednesday after a system failure

Tokyo/Hong Kong CNN — Toyota will resume operations at its Japanese assembly plants on Wednesday after a 24-hour hiatus due to disruption to its finely tuned supply chain. The world’s largest automaker measured by sales said its 14 auto plants in the country had shut down operations on Tuesday because a system outage that began … Read more

NIO, AT&T, 3M, Big Lots, Best Buy, Catalent and more stock movers

Stocks traded mostly higher on Tuesday as Wall Street awaited a deluge of economic data this week — including the monthly US jobs report — that will close out a tough month for stocks. NIO (NIO) reported second-quarter results that were worse than expected and US-listed shares of the Chinese electric vehicle maker fell 7.4%. … Read more

Alibaba and other Chinese stocks are rising again. Why long-term profits can be harder.

Chinese stocks rose for a second day on Tuesday after Beijing ushered in stimulus measures that boosted capital markets. While short-term gains will be welcome for Alibaba and others, they cannot overcome the longer-term gloom about China’s economy. US-listed shares of e-commerce giant Alibaba (ticker: BABA) were up 0.7% in premarket trading on Tuesday, after … Read more

3M to pay $6 billion to settle hearing loss lawsuits over military earplugs

Comment on this storyRemark Manufacturing giant 3M will pay $6 billion to resolve hundreds of thousands of claims filed by veterans who said the company’s earplugs failed to protect them from hearing loss while on duty, a company announcement said. The payout resolves one of the largest mass wrongdoings in U.S. history. Plaintiffs said the … Read more