A pink Nezha V and black Nezha U Pro electric car models are on display at a store in Shanghai on Nov. 7, 2021. Costfoto | Future Publishing | Getty Images BEIJING — Another budget-priced electric car brand is taking off in China, this time selling compact SUVs. Nezha, named …
Read More »Ciena, GameStop, Rent The Runway and others
Check out the companies making headlines before the bell: Ciena (CIEN) – The networking equipment maker’s stock surged 19.1% after a substantial top and bottom line beat in its latest quarter. Ciena earned an adjusted 61 cents per share for its latest quarter, compared with a consensus estimate of 8 …
Read More »Ross Stores, Carvana, Coinbase, Rent the Runway and more
Pedestrians pass in front of a GAP store in New York. Scott Mlyn | CNBC Check out the companies making headlines in midday trading. Ross Stores — Ross Stores jumped 10% after a quarterly beat on earnings and revenue. The company was also named by Credit Suisse as its top …
Read More »Xpeng electric car deliveries drop in October to half of Nio’s
Xpeng said deliveries of its newly launched G9 SUV surged in October from September, despite a drop in the brand’s overall monthly deliveries. China News Service | China News Service | Getty Images BEIJING — Chinese electric car startup Xpeng delivered about half the number of cars that rivals Nio …
Read More »Fed seen raising rates by three-quarters of a point, may slow pace ahead
The Federal Reserve is expected to raise interest rates by three-quarters of a percentage point Wednesday and then signal that it could reduce the size of its rate hikes starting as soon as December. Markets are primed for the fourth 75-basis point hike in a row, and investors are anticipating …
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