After opening in the green this morning, Nio (NYSE: NIO) stock dropped sharply after 10:30 a.m. ET and hit a low of 4.1% by 10:54 a.m. ET. Tuesday morning, Grizzly Research, which claims to do "in-depth due diligence" of publicly traded companies to produce "differentiated" research, alleged Nio of using an "audacious scheme" to inflate revenue and profitability. In its short-seller report, Grizzly Research raised several allegations against Nio.
Israel stepped up airstrikes on Rafah overnight, killing at least six Palestinians, medics said on Thursday, after saying it would evacuate civilians from the Gaza border city and storm it despite allies' warnings this could cause mass casualties. In the seventh month of a devastating air and ground war against the Gaza Strip's ruling Islamist group Hamas, Israeli forces also resumed bombarding northern and central areas of the enclave, as well as east of Khan Younis in the south. Israeli warplanes had hammered the north for a second day on Wednesday, shattering weeks of comparative calm there, and Israel said it was moving forward with plans for an all-out assault on Hamas holdouts in Rafah, on the southern border with Egypt.
Another stretch of Highway 401 in southwestern Ontario will be getting a new speed limit. The provincial government announced Wednesday that the 110 km/h zone from Windsor to Tilbury is getting extended by seven kilometres.The area is one of 10 sections on 400-series highways that will see speed limits go up by 10 km/h. Highway 403 from Woodstock to Brantford is also on the list.The provincial government started raising 401 speed limits in some areas about five years ago through pilot projects,
Like other tobacco giants, Altria has been revamping its portfolio of products to keep up with consumers switching from traditional tobacco products to vapes or other alternatives and as inflation-hit smokers switched to cheaper brands. The company's net revenue came in at $5.58 billion in the first quarter, topping analyst expectations of $4.71 billion, while profit on an adjusted basis came in line with expectations. Last year, Altria launched a lower-priced version of its flagship Marlboro brand and finalized its acquisition of e-cigarette startup NJOY Holdings, expanding its portfolio to include pod-based vapes.
Iraq had hanged 11 militants sentenced to death on terrorism charges, local security officials said on Thursday. The executions were carried out on Monday at a prison in the southern Iraqi city of Nassiriya and all those executed were Iraqi nationals, said a prison police officer and a local security official. They said the 11 men were convicted of joining the Islamic State militant group and taking part in "terrorist actions".
Water heater maker A. O. Smith reported a better-than-expected first-quarter profit on Thursday, aided by price hikes and resilient demand for its water heaters and treatment products in North America. The Milwaukee, Wisconsin-based company has also benefited from growing demand for its energy-efficient boilers as commercial buildings look to improve their carbon footprints. Adjusted profit for the first quarter was $1 per share, compared with 94 cents per share a year earlier.
The man called for killing law enforcement officers and their families, as well as taking judges and their families to be “brutalized in the streets,” the U.S. Attorney said.
A £31 billion takeover pursuit and some robust blue-chip updates helped to boost the FTSE 100 index today. Anglo American, whose interests include De Beers and the giant Woodsmith polyhalite project in North Yorkshire, is the target of Australia’s BHP. Meanwhile, shares in Barclays, AstraZeneca and Unilever performed strongly after their first quarter updates.
Increase in walking among older people key to general activity in England returning to pre-Covid levels
Gerry Turner's daughter, Angie, says the response to her father's divorce from Theresa Nist has been "disheartening."
The Sussex Police officers had attended the unit in St Leonards-on-Sea after a report of a resident with a knife threatening staff in June 2022.
They’re making history as the first jazz act to headline Wembley Arena, and Ezra Collective couldn’t be more thrilled. The London quintet tells Isobel Van Dyke why music is the soul of community
MONTREAL — Bombardier Inc. reported a first-quarter profit of US$110 million, down from a profit of US$302 million a year earlier, as its revenue fell 12 per cent. The Montreal-based aircraft maker, which keeps its books in U.S. dollars, says the profit amounted to US$1.02 per diluted share for the quarter ended March 31, down from US$2.98 per diluted share in the same quarter last year. Revenue totalled US$1.28 billion, down from US$1.45 billion. The company says it delivered 20 aircraft for th
VANCOUVER — Teck Resources Ltd. reported its first-quarter profit fell compared with a year ago due in part to its reduced ownership in its steelmaking coal business as well as lower copper and zinc prices and higher costs. The Vancouver-based mining company says it earned a profit attributable to shareholders of $343 million or 65 cents per diluted share for the quarter ended March 31. The result compared with a profit of $1.14 billion or $2.18 per diluted share in the same quarter last year. R
Over 800 people have rated them five-stars for their fit, comfort and durability.
This museum-like presentation is a walk back in time. Discover dozens of items found around estate sales in this historical Fort Worth neighborhood.
The sequel to the original movie, which launched Cillian Murphy's career, could see him return, too
The Duke of Edinburgh has led the nation in commemorating Australia and New Zealand’s war losses during a dawn service marking Anzac Day.
Stock Market Today: Dow Jones futures slid 200 points as Meta stock plunged on earnings. Google and Microsoft earnings are due next.
It follows the government's decision to scrap key climate targets and its response to a review into gender services.
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