Author: super@dmin

NIO Inc. shares soared in Hong Kong, tracking Wall Street gains overnight as slower-than-expected U.S. inflation buoyed markets and helped investors shrug off the Chinese electric-car maker’s earnings miss.

Judge Ken Schubert of the King County Superior Court in Washington requested a fuller hearing next week on a $4 billion dividend that Albertsons Cos. is seeking to pay its shareholders, announced when the grocer agreed to combine with Kroger Co.

Mazda Motor Corp. shares rose sharply Friday morning after the Japanese auto maker boosted its full-year earnings guidance following strong quarterly results on higher shipment and selling prices.

“We are shocked and dismayed by the news regarding FTX and Alameda,” BlockFi said in a tweet. “We, like the rest of the world, found out about this situation through Twitter.”

The Biden administration’s plan is an “unconstitutional exercise of Congress’s legislative power” that also failed to go through normal regulatory processes, Judge Mark Pittman of the Northern District of Texas wrote in a 26-page opinion.

Perhaps foreshadowing a bitter Republican presidential primary battle, Donald Trump lashed out at Florida Gov. Ron DeSantis on Thursday, calling him an “average” governor whose political success is owed all to Trump.

Alameda Research, a crypto trading firm affiliated with embattled crypto exchange FTX, appeared to have shorted dollar-pegged stablecoin Tether on Thursday, according to blockchain data.

Twitter’s new owner, Elon Musk, laid out a dire financial forecast late Thursday, saying the social-media company could lose billions of dollars and that bankruptcy cannot be ruled out, according to reports.

Some of FTX founder Sam Bankman-Fried’s infamy may rub off on politicians who took his money and on former regulators and Capitol Hill staffers who took well-paying jobs representing digital-asset companies before Congress.

Stock and bond ETFs both got a boost from Thursday’s inflation report. This week’s ETF Wrap also digs into some equal-weighted and actively managed strategies that have seen some increased interest lately.