Latin American e-commerce leader MercadoLibre (NASDAQ: MELI) is no different as it has fallen 32%. While challenges in the U.S. and Europe take a toll on the global economy, e-commerce adoption in Latin America hasn't skipped a beat. This helped MercadoLibre see expansion rates this year that U.S. e-commerce companies could only dream of, and its second-quarter revenue soared 52% to $2.6 billion. Read More...
Motley Fool
Why Shares of Nio, Lucid Group, and Lordstown Motors Fell Hard Today
Shares of electric vehicle (EV) stocks Nio (NYSE: NIO), Lucid Group (NASDAQ: LCID), and Lordstown Motors (NASDAQ: RIDE) fell on Wednesday, down 5.1%, 3.6%, and 4.9%, respectively, as of 2:17 p.m. EDT. After a huge amount of selling in September, stocks were beaten down, but the first two days in October saw some potentially good news on inflation. With traders trying to sniff out the first signs of inflation breaking, that was a good sign.
