Shares of Nio, Inc ( NIO ). surged in premarket trading, defying weak signals from U.S. index futures for Wall Street’s opening. The premium EV manufacturer confirmed on Thursday that its subsidiary brand “ONVO” will make its global debut on May 15, marking Nio’s venture into the low-end market segment. The inaugural ONVO model, codenamed L60, will be a family-centric smart battery electric vehicle priced at around...

(Reuters) -Activist hedge fund Ancora Holdings has secured enough support from Norfolk Southern ( NSC ) shareholders to win some seats on the U.S. railway operator's board of directors, people familiar with the matter said on Thursday. Investor votes are still being counted ahead of Norfolk Southern's ( NSC ) annual meeting of shareholders on Thursday, and the final number...

07:48 AM EDT, 05/09/2024 (MT Newswires) -- Tesla (TSLA) is ramping up job cuts in China after vehicle shipments in the country fell by 18% in April, Bloomberg News reported Thursday, citing sources familiar with the matter. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include...

07:48 AM EDT, 05/09/2024 (MT Newswires) -- Banco Bilbao Vizcaya Argentaria S.A ( BBVA ) made an 11.5 billion euro ($12.4 billion) offer for Banco de Sabadell directly to shareholders after the latter rejected a similar offer made on April 30, Bloomberg reported Thursday, citing a BBVA filing. (Market Chatter news is derived from conversations with market professionals globally. This...