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SHANGHAI, China, Nov. 19, 2021 (GLOBE NEWSWIRE) — NIO Inc. (NYSE: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the premium smart electric vehicle market, today announced that it has completed its previously announced at-the-market offering (the “At-The-Market Offering”) of American depositary shares (“ADSs”), each representing one Class A ordinary share of the Company. Through the At-The-Market Offering, the Company has sold 53,292,401 ADSs and raised… Source link

More than 300 lawsuits totaling a staggering $3 billion have been filed over the Astroworld disaster on November 5 that ultimately claimed the lives of ten people.  Most recently, Live Nation (LYV) and Apple (AAPL), along with rapper and headliner Travis Scott, were sued for $2 billion by hundreds of concertgoers who allege they were injured at the deadly event at NRG Stadium, where concertgoers surged toward the stage during Scott’s performance, sparking deadly mayhem. “The resulting… Source link

Google asked the Justice Department on Friday to investigate whether its new top antitrust official, who has represented Google rivals, needs to step back from inquiries and lawsuits against the company. In a letter to Justice Department leaders, an outside lawyer for Google said the “reality, and the appearance, of partiality are fairly called into question” by Jonathan Kanter’s past work for the company’s critics. Google pointed to his work with Yelp and the News Media Alliance,… Source link

Amazon (AMZN) CEO Jeff Bezos is no longer the richest person in the U.S. That honor now goes to Elon Musk. Musk, the CEO of both SpaceX and Tesla (TSLA), holds a net worth of a whopping $299 billion. Formerly a resident of California, Musk relocated to Texas this year, also making him the richest resident of the state. He stated that his reason for moving was due to Texas having no income tax while California’s is the highest in the country. Tesla CEO Elon Musk talks during a tour of the… Source link

The stock market has been on autopilot in November, and it’s not without rhyme or reason, said Rick Rieder, BlackRock’s global fixed income CIO. “I don’t think equity valuations are that high when you look at free cash flow yields,” said Rieder on Yahoo Finance Live. “And in the last couple of weeks some earnings are pretty impressive.” The market has liked that companies have been able to pass along inflation successfully to end users, as seen this week in earnings from big names like… Source link

It wasn’t too long ago that Dave Hoffmann told me about his life in the restaurant industry.  “I am sort of a product of minimum wage. I grew up in the restaurants. That has been my whole life. It was burgers and fries at 16 and it’s donuts at 50,” Hoffmann recalled in a 2018 interview on the day he was announced as the next CEO of then publicly traded Dunkin’ Brands.  Hoffmann — who before Dunkin’ spent years as a top executive at McDonald’s — went on to sell Dunkin’ Brands to Arby’s… Source link

Nvidia’s (NVDA) $40 billion deal to purchase the U.K.-based chip developer ARM from SoftBank is all but dead. That’s at least what Susquehanna senior equity analyst Chris Rolland took away from Nvidia’s leadership during the company’s Q3 earnings call on Wednesday. “I think some of the commentary [on Wednesday] kind of puts the final nail in the ARM coffin here,” Rolland told Yahoo Finance Live. Nvidia initially made the $40 billion deal public in September 2020 with expectations… Source link

Food ordering and delivery platform Grubhub is rolling out its services to the University of Arizona using Yandex Self-Driving Group’s delivery robots — also known as rovers — following a similar launch at Ohio State University in September, according to a press release. The 35,000-plus University of Arizona Wildcats will be able to order from on-campus dining locations — IQ Fresh, Einstein Bros Bagels, On Deck Deli and Sabor — using the Grubhub app. The third-generation robots… Source link

On November 19th, 2019, Google launched its Stadia cloud gaming service as a work in progress, and it’s arguably still one today. But one thing that’s consistently improved is the price of entry, and Google’s bringing it down even further to celebrate Stadia’s second birthday. You should now be able to purchase a Stadia Premiere Edition hardware kit with the Chromecast Ultra and Stadia Controller for just $22.22 or €22.22 in fourteen countries including the US and UK “while… Source link

What does Google’s parent company Alphabet want with robots? Well, it would like them to clean up around the office, for a start. The company announced today that its Everyday Robots Project — a team within its experimental X labs dedicated to creating “a general-purpose learning robot” — has moved some of its prototype machines out of the lab and into Google’s Bay Area campuses to carry out some light custodial tasks. “We are now operating a fleet of more than 100 robot… Source link