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NIO Shares Jump After Strong Sales Amid EV Price War
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Chinese EV startup Nio is changing its global strategy with U.S., EU tariffs on the horizon
Chinese electric car startup Nio is adjusting its approach to global markets in light of geopolitical developments, CEO William Li said Thursday.CNBC - Business -
BT’s CEO says she ‘loves to squeeze’ short sellers as shares jump
UK’s biggest telecoms group rises 17% as Allison Kirkby announces strategy and raises dividendFinancial Times - Business -
Walmart Stock Hits Record Close on Strong Quarter
The largest U.S. retailer had robust quarterly results and an upbeat outlook, giving insight into how consumers are weathering high interest rates.The New York Times - Business
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With America Off-Limits, China EV Makers Aim to Conquer Rest of World
Carmakers in China are accelerating a sales push in Europe and Southeast Asia and are looking to produce more abroad.The Wall Street Journal - Business - China -
Walmart's Reign as America's Biggest Retailer Is Under Threat
With Amazon on its heels, the nation’s biggest company by revenue is hunting for ways to continue growing.The Wall Street Journal - Business -
Boeing Violated Criminal Settlement After 737 MAX Crashes, Justice Department Says
The U.S. government could seek to extend a probationary period for the plane maker or prosecute it for earlier misconduct.The Wall Street Journal - Business -
Red Lobster Preparing to File for Bankruptcy Protection This Month
The casual-dining chain is aiming to restructure agreements with landlords and creditors to reduce its debt.The Wall Street Journal - Business -
Nvidia's Jensen Huang Gets 60% Pay Bump
Huang’s stock awards were valued about $7 million higher than in fiscal 2023, and he received a $4 million cash bonus.The Wall Street Journal - Business