Investing.com -- Nio (NYSE:NIO) shares fell sharply Thursday after the electric vehicle (EV) maker announced a proposed offering of approximately 118.8 million shares, representing 5.4% of its total outstanding shares.The company’s U.S.-listed stock slumped over 7% by 10:30 GMT in premarket trading. Its shares in Hong Kong also fell more than 5%.The shares are priced at HK$29.46 each, reflecting ...
By Amina NiasseNEW YORK (Reuters) -A Trump administration executive order intended to provide patients with the prices from hospitals and insurers they need to shop around may prove ineffective because of the huge amount of unorganized data it will generate, experts say.President Donald Trump first told hospitals to put prices online in 2019 during his first administration and transparency rules f ...
Investing.com -- Citi analysts believe the announcement of 25% U.S. auto import tariffs—at the higher end of expectations—could serve as a "clearing event" for European auto stocks, despite the likely initial negative reaction.According to Citi, tariffs have been a reason “not to buy” European auto stocks for at least six months, with hedge funds pre-positioned short and long-only inv ...
Investing.com -- ADVFN, the London-listed stock and cryptocurrency information platform, saw its shares fall by 42% following a proposal to delist its shares from London’s AIM market and a report of a reduced pretax loss for the fiscal first half. The shares were seen down to 7.55 pence.Furthermore, ADVFN announced a pretax loss of £453,000 ($583,871) for the six months ending on December 31. T ...