Twitter shares gained 6.6% Wednesday. The struggling home-goods retailer on Tuesday said Laura Crossen will take over the role on an acting basis after Chief Financial Officer Gustavo Arnal died by suicide on Sept. 2, days after he had briefed investors on the company’s plans to secure new financing, cut jobs and close about a fifth of its stores. The iPhone is still the star of Apple. 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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