FedEx (NYSE: FDX) has made peace with an activist investor, boosting its dividend by 53% as part of the deal. Investors are pleased, sending FedEx shares up 13% as of midday Tuesday. FedEx was one of the stocks that benefited from the pandemic, which accelerated the trend toward home delivery. Read More...
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Nio shares rally 16% after Chinese EV maker teases new model
American depositary receipts of Nio Inc. jumped more than 16% Tuesday after the Chinese EV maker teased a “new model” in a countdown on its website. The ADRs are on pace for their largest percent increase since March 16, when they rallied nearly 26%, and poised to snap a three-day losing streak. Nio earlier this month said it delivered 7,024 vehicles in May, including 5,317 premium electric SUVs of different sizes and configurations and 1,707 ET7s, the company’s newer electric sedan. It said the
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