FedEx shares are falling, Nio's are rising and other stocks on the move

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FedEx shares are falling, Nio's are rising and other stocks on the move
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One of Wednesday's biggest moving stocks ahead of the open was FedEx, which disappointed investors with its full-year profit forecast. Nio and Tesla were on...

Shares of Nio Inc. NIO rose 2% after a near 4% gain in Hong Kong as the Chinese electric-vehicle maker unveiled plans for an investment of more than $1 billion from an Abu Dhabi government-backed fund.Shares of Nio Inc. NIO rose 2% after a near 4% gain in Hong Kong as the Chinese electric-vehicle maker unveiled plans for an investment of more than $1 billion from an Abu Dhabi government-backed fund.

Tesla Inc. TSLA stock rose 1.3% in premarket trading. The EV maker’s chief executive Elon Musk met Tuesday with India’s Prime Minister Narenda Modi, and said his company will be in India “as soon as humanly possible.”Shares of FedEx Corp. FDX dropped nearly 3% in premarket trading after the logistics company’s full-year profit forecast fell short of expectations.

La-Z-Boy Inc. shares LZB fell 1.5% in late Tuesday trading after the furniture maker’s poor sales outlook overshadowed its earnings beat. Shares of MSG Entertainment fell 5.4% in late trading on Tuesday. Live entertainment provider Sphere Entertainment Co. SPHR will sell 5.25 million shares of Madison Square Garden Entertainment Corp. MSGE , Madison Square Garden said on Tuesday.

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Nio's stock turns briefly positive after more than $1 billion investment from Abu Dhabi fundNio's stock turns briefly positive after more than $1 billion investment from Abu Dhabi fundNio's stock bounced briefly into the green Tuesday, after the China-based EV maker announced an investment of more than $1 billion by an Abu Dhabi fund.
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FedEx stock sinks on profit forecast, as Wall Street looks for progress on cost cutsFedEx stock sinks on profit forecast, as Wall Street looks for progress on cost cutsShares of FedEx Corp. fell after hours on Tuesday after the package deliverer offered up a full-year profit forecast that fell short of expectations.
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New Nio EL6 arrives in Europe to nobble the Mercedes EQCNew Nio EL6 arrives in Europe to nobble the Mercedes EQCNio has launched a fresh electric SUV designed to rival the best family EVs Europe has to offer. CAR magazine has all the latest details.
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Chinese EV maker Nio raises more than $700 million in capital injection from Abu DhabiChinese EV maker Nio raises more than $700 million in capital injection from Abu DhabiChinese electric car company Nio announced Tuesday it received $738.5 million in new capital from a fund owned by the Abu Dhabi government.
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FedEx Canada Adds 50 Brightdrop Electric Delivery Vans, Merchants Fleet Orders 12,500 Electric RAM Vans - CleanTechnicaFedEx Canada Adds 50 Brightdrop Electric Delivery Vans, Merchants Fleet Orders 12,500 Electric RAM Vans - CleanTechnicaElectric delivery vans are being placed in service everywhere these days as fleet operators embrace their lower costs of operation.
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Stock Market Today: Dow Futures Fall as China Cuts Borrowing RatesStock Market Today: Dow Futures Fall as China Cuts Borrowing RatesStock futures are lower and bond yields are higher as investors await Tuesday's housing starts data and FedEx earnings. Follow the latest markets updates.
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