BEIJING, Feb 9 (Reuters) - China's Nio is recalling 246,229 vehicles due to a software issue that poses safety hazards, marking the largest recall by a homegrown electric vehicle maker.
The recalled EVs include models ES8, ES6 and EC6 and were manufactured between March 16, 2018 and January 16, 2023, a statement released by the State Administration for Market Regulation on Monday said. Some of these vehicles have a software issue that could lead... (continue reading...)
Investing.com -- Stocks rallied on Friday as technology shares rebounded after several sessions of sharp losses, while Bitcoin recovered from a steep selloff that had at one stage erased more than half its value.
The Dow Jones Industrial Average gained 1,206.95 points, or 2.47%, to close at 50,115.67, marking the first finish above the 50,000 level. The S&P 500 rose 1.97% to 6,932.30 and the Nasdaq Composite advanced 2.18% to 23,031.21. The move pushed the S&P 500 back... (continue reading...)
Investing.com -- Robinhood Markets (NASDAQ: HOOD) stock rose 2.7% Monday morning, outperforming broader markets that were down slightly and crypto-linked stocks that fell over 2%, following an upgrade from Wolfe Research.
Analyst Steven Chubak upgraded Robinhood from Peerperform to Outperform and set a price target of $125.00, representing significant upside from Friday’s closing price of $82.80. The upgrade comes as the analyst looks to "take advantage of the recent... (continue reading...)
Feb 9 (Reuters) - Software provider Kyndryl on Monday delayed the filing of its quarterly report, saying it anticipates material weaknesses in its internal control over financial reporting for multiple periods, including the first two quarters of fiscal 2026.
Shares of the company tumbled 38% in premarket trading.
Separately, the company also announced the departure of its finance chief David Wyshner and the stepping down of Vineet... (continue reading...)
COPENHAGEN, Feb 9 (Reuters) - Novo Nordisk said on Monday it has filed a lawsuit against U.S. telehealth company Hims & Hers for infringing on the Danish group's patents.
"Novo Nordisk is asking the court to permanently ban Hims from selling unapproved, compounded drugs that infringe our patents, and is seeking to recover damages," the Danish drugmaker said in a statement.
The move comes after Hims on Saturday cancelled the... (continue reading...)
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