Investors haven't had much to get excited about this year. The major stock market indexes are all down. Rising interest rates have fueled worries about a potential recession. Some investors, though, found a reason for at least a little enthusiasm with a few prominent companies conducting stock splits. Read More...
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Why Nio Shares Jumped Friday
Nio (NYSE: NIO) reported increasing losses in its second-quarter earnings report this week, but investors are shrugging that off, sending shares soaring Friday morning. Although its profit margins have been on a downward trend, new models being launched could turn that around in the coming years. Consumer prices in China increased at a slower pace than many expected in August, and producer inflation sank to the lowest level since February 2021, reports Reuters.
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