Share: NIO gains more than 5% on falling Treasury yields, soft NFP, cost savings plan. Nio CEO William Li says Nio will cut about 10% of its employees. Non-core investments will also be trimmed as EV company focuses on financial performance. US Nonfarm Payrolls fell to 150K in October, a print that all
Share: NIO stock gives back early gains reaped on deregulation of cross-border data. China’s Cybersecurity Administration has reduced scrutiny of non-personal data. Hang Seng index closes 2.5% higher on the news. US Core PCE data for August shows inflation slowing, boosts US stocks. Nio (NIO) stock rose 1.2% early Friday, to $9.02 but