explains,"I think we're seeing a slowdown because EVs are just not meeting all of the mainstream consumer adoption expectations. So what consumers really want to see is longer range, faster recharge time. I think we've been very, very focused on cost as the primary driver.") hit a record high in Monday's session despite a higher move in the ten-year Treasury yield.
A divergence in the stock market is now the biggest it’s ever been, signaling more vulnerability ahead, economist says The top 10 companies in the S&P 500 account for 35% of the index's market value but only 23% of its earnings, according to Apollo Global Management chief economist Torsten Sløk.When it comes to living expenses, the truth is that most Americans subsist on a very thin margin, even if their earnings are solid. With increased costs due to inflation, this has only gotten worse....
NIO said Monday it delivered 21,209 cars in June. For the quarter, NIO delivered 57,373 cars, higher than the guidance given in June for deliveries of between 54,000 and 56,000 units. In the second quarter of 2023, NIO delivered 23,520 cars.THE TRADER The stock market has been hitting new highs, but most stocks are struggling. Even news that would usually move them isn’t doing the trick, a sign that equities won’t be an exciting place to invest in a while.As the U.S.
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