Shares of NIO (NIO) are sliding after the company delivered a wider-than-expected loss in its first quarter. Yahoo Finance's Seana Smith and Brad Smith break down the company's earnings and how it will fare against increased competition. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl
Yahoo Finance's Jared Blikre and Julie Hyman break down what to watch on Thursday, June 6th. Autodesk (ADSK), J.M Smucker (SJM), NIO (NIO), DocuSign (DOCU), RH (RH), and Rent the Runway (RENT) are all expected to report earnings. Initial Jobless Claims data will be released, with analysts expecting that number to raise slightly to 220,000 from 219,000. New mortgage data is also set to be released. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Melanie Riehl
China EV maker NIO Inc (NYSE:NIO) has chosen Melexis' cutting-edge current sensor chips for their traction inverter systems. These advanced chips, tailored for the challenging environment of electric motor control, will be integrated into all of NIO's battery electric vehicles (BEVs). Melexis, based in Belgium, is a supplier of semiconductor solutions primarily focused on designing and delivering sensors for automotive and industrial applications. This collaboration enables NIO to leverage Melex