"We believe the darkest days of this downturn are ahead of us," Monness Crespi Hardt analyst Brian White warned of the online-advertising environment, but Google is expected to withstand worsening market conditions. Read More...
Motley Fool
Why Nio and More Chinese EV Stocks Crashed Monday
Shares of many Chinese companies are getting hit hard today, including several of China’s electric vehicle (EV) makers. Shares of Nio (NYSE: NIO), XPeng (NYSE: XPEV), and Li Auto (NASDAQ: LI) all plunged by double digits Monday morning. As of 10:53 a.m. ET, Nio shares were down 20.6%, XPeng was lower by 18.8%, and Li Auto had plunged 24.1%.
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