According to Chief Financial Officer Steven Feng, Nio Inc. is "very confident" of meeting its target of doubling sales to 250,000 electric vehicles in 2023, prompting shares of the Chinese electric vehicle maker to surge in Hong Kong.Read more
On Wednesday, Carvana said it would offer to exchange as much as $1 billion of its unsecured bonds at discount prices in an effort to extend looming repayment deadlines, sending shares of the Phoenix-based e-commerce company up nearly 20%.Read more
Footwear and apparel maker, Nike Inc., beat revenue and profit expectations on double-digit sales gains for its holiday quarter earnings, even though its bloated inventory continued to weigh on its margins and sales in China fell short of estimates.Read more
As investor optimism about the takeover of its largest rival, Credit Suisse gathered pace, UBS Group AG jumped as much as 10% Tuesday, on track for its biggest gain since March 2020.Read more
While the COVID-19 pandemic ended up being a cash cow for several pharma and biotech companies, Moderna Inc., on Monday, said it now expects to price its COVID-19 vaccine at around $130 per dose in the US going forward.Read more
On Monday, Starbucks Corp. said it handed the reins to its incoming chief executive officer, Laxman Narasimhan, nearly two weeks earlier than expected.Read more
On Friday, Baidu Inc. experienced a surge of over 14% after various brokerages, including Citigroup, tested the company's recently revealed ChatGPT-like service and granted it provisional approval.Read more
Following its efforts to reduce costs and offset a decrease in package volume, FedEx Corp's shares rose when the courier raised its profit forecast.Read more
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