BEIJING, November 3 (TMTPost)— Nio Inc has to resort downsizing in face of stiff competition even though the Chinese electric vehicle maker has claimed it would not cut workforce whiling improving efficiency. Credit：Visual China Nio will lay off 10% of employees and the related personal adjustments will complete this month, the Chairman and CEO William Li, or Li Bin, said in a letter to staff on Friday. The coming two years will be the most competitive period during an ongoing transition of the auto industry, and the broader environment is filled with elevated uncertainties, Li noted at the beginning of the letter. The 49-year co-founder admitted Nio has obtained more than 40% share in the battery electric vehicle market priced RMB300,000 above, following five new models delivered this yea
Hello everyone! Today I want to share some potential stocks with you!The stocks are as follow: $Anheuser-Busch Inbev SA(BUD)$ Anheuser-Busch up over +4% this morning after beating EPS estimates for the quarter. ~EPS: $0.86 vs $0.83 est ~SALES: $15.57B vs $15.71B est ~3Q23 total volumes declined by 3.4% YoY with own beer volumes down 4%, non-beer volumes up 1.4%.Image $NVIDIA Corp(NVDA)$ All eyes on $400 $Bitcoin(BTC)$ gets its first Golden Cross on the daily since February WAGMI.Image $Block(SQ)$ flashing strong bullish RSI divergence into multi-year lows ahead of Thursday's Q3 earnings report.Image
1. $ServiceNow(NOW)$ soars 4.65%: Exceeds earnings and revenue estimatesSaaS company NOW stock climbed 4.9% to nearly $556 in after-hours trading after its earnings, revenue and outlook all exceeded estimates.EPS rose to $2.92 vs. $2.56 expectedRevenue increased by 25% to $2.29 bln, surpassing expectations of $2.27 blnFor the December quarter, ServiceNow projected subscription revenue in the range of $2.32 bln- $2.325 bln, exceeding estimates of $2.30 bln. 2. $PacWest(PACW)$ dips 4.37% as it misses revenue targets and reports loss; Regional bank faces pressureRevenue: $175 million, far below the expected $207 million, a significant 15.7% difference.EPS: -$0.31, while analysts had anticipated a profit