Officials remained firmly committed to a "patient" policy stance at their meeting earlier this month.The Fedread more
Stocks that would benefit from a federal infrastructure spending program fell after President Trump ended a meeting on infrastructure spending with Democratic leaders.Market Insiderread more
The president abruptly walked out of a meeting Wednesday, saying he would not negotiate with Democrats while they continue to investigate him.Politicsread more
Despite the president's claim that "you can't investigate and legislate simultaneously," certain must-pass pieces of legislation, including a debt ceiling hike, will...Politicsread more
Americans in certain areas of the country have significantly higher average credit scores than others. Experian's annual State of Credit report shows the average score in each...Spendread more
Amazon shareholders demanded the company to take action on a number of different issues during its annual shareholder meeting on Wednesday.Technologyread more
Talk about 5G is everywhere right now, from the trade-war with China to the ban on Huawei. Here's what 5G is and why it matters.Technologyread more
Controversial lawyer Michael Avenatti was indicted on charges of trying to extort athletic shoe giant Nike out of tens of millions of dollars by threatening to go public with...Politicsread more
More voters in five key industrial states disapprove than approve of Trump's handling of trade — 56% to 41%, according to a report.Politicsread more
Ireland's privacy watchdog, which leads supervision of Google in the EU, launched an inquiry into the firm's online advertising practices.Technologyread more
These are the stocks posting the largest moves midday.Market Insiderread more
The U.S. head of Nio, an electric car-maker seen as one of the main Chinese rivals to Tesla, will leave the company, the firm said in a filing on Friday, the first major management departure since its September IPO.
Padmasree Warrior, chief executive officer of NIO USA and global chief development officer, will resign from her posts on Dec. 17 for "personal interests", the company said.
Warrior joined Nio, previously called NextEV, in 2015, and led the company along with founder and CEO William Li to become one of China's most legitimate challengers in the global race to develop electric vehicles.
Before joining Nio, Warrior was chief technology and strategy officer at Cisco Systems and chief technology officer at Motorola.
China is the world's largest and fast-growing market for new-energy vehicles (NEVs), a category comprising electric battery cars and plug-in electric hybrids.
NEV sales in the first 10 months of 2018 came in at 860,000 vehicles, up 75.6 percent year-on-year.
Competition is, however, rising as Beijing looks to rein in subsidies that led to a huge array of EV contenders entering the market. Some of those are now being weeded out.
Tesla itself is building a car manufacturing plant in Shanghai to bolster its presence in the market and reduce its prices to become more competitive.
Nio's shares - up strongly this year on robust revenue growth and bullish views from some analysts - dropped more than 4 percent in U.S. trading on Thursday.