08:52 AM EDT, 05/29/2024 (MT Newswires) -- Consumer stocks were down pre-bell Wednesday as the Consumer Discretionary Select Sector SPDR Fund (XLY) retreated 0.9% and the Consumer Staples Select Sector SPDR Fund (XLP) declined 0.3% recently. Dick's Sporting Goods (DKS) rose past 7% after it reported higher fiscal Q1 non-GAAP earnings and net sales. The company also raised its full-year...

NIO Inc. ( NIO ) shares are trading lower in the premarket session on Wednesday. According to Benzinga Pro, NIO stock has lost over 30% in the past six months. BofA Securities analyst Ming Hsun Lee maintained a Neutral rating on NIO and lowered the price target from $6.5 to $5.9. Investors can gain exposure to the stock via KraneShares MSCI China Clean Technology...

May 29 (Reuters) - Gene therapy maker bluebird bio on Wednesday named James Sterling as finance chief, effective June 10, and has been tasked with overseeing a previously announced revision of its financial statements. The company said in March it plans to revise its financial statements for 2022 and the first three quarters of last year due to accounting errors...

WASHINGTON (Reuters) - The Biden administration on Wednesday proposed expanding tax credits that have for years boosted U.S. solar and wind energy projects to cover a wider range of clean energy technologies including nuclear fission and fusion. The Treasury Department announced its guidance for Clean Electricity Production Credits and Clean Electricity Investment Credits, created under the 2022 Inflation Reduction Act,...