Why NIO Stock Is Down Again Today

Why NIO Stock Is Down Again Today
John Rosevear, The Motley Fool

What happened Shares of Chinese electric-vehicle maker NIO (NYSE: NIO) were trading lower on Friday. As of noon EST, the company's American depositary shares were down about 5.2% from Thursday's closing price.

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  • Boy Killed By Father After Vaccination Dispute in Heartbreaking Murder-Suicide in SF

    A boy who was killed in an alleged murder-suicide by his father has been identified as 9-year-old Pierce O’Loughlin. Family tragedy: The boy and his father, Stephen O'Loughlin, 49, were both found dead at their home on Scott Street, Marina District in San Francisco on Wednesday afternoon, SF Chronicle reports. The boy’s mother, Lesley Hu, asked authorities to check on her son after learning that he did not show up for school that day.

  • Bill Barr told Trump that ‘clownish’ legal team was lying to him about ‘bull***’ voter fraud claims, reports say

    Relationship between Barr and Trump fell apart after Trump’s attention overtaken by election fraud conspiracy theories

  • GitHub apologizes for firing Jewish employee who warned of Nazis in U.S. Capitol: TechCrunch

    After a probe found "significant errors of judgment and procedure" in the termination of the employee, GitHub's head of human resources resigned, GitHub Chief Operating Officer Erica Brescia said on Sunday. "In light of these findings, we immediately reversed the decision to separate with the employee and are in communication with his representative," Brescia said in a blog https://bit.ly/2KnkVhI, adding that the company apologized to that employee.

  • Woman arrested at inauguration checkpoint in D.C. said she was Cabinet member, police say

    She displayed "a round metallic object later identified as a Military Police Challenge Coin" and said she was part of law enforcement, police said.

  • Congresswoman's spokesman quits less than 2 weeks into term

    The spokesman for Republican U.S. Rep. Lauren Boebert has quit less than two weeks after she was sworn into office, saying he was prompted to by the insurrection at the nation's Capitol. Ben Goldey confirmed his departure to The Colorado Sun after it was first reported on Saturday by Axios. The Sun reported that Goldey did not respond to additional questions, but he told Axios he was leaving in the wake of a deadly Jan. 6 riot at the U.S. Capitol.

  • Kevin McCarthy warned members to not call out colleagues by name, citing potential political violence

    Members of the House Republican Conference ignored leader Kevin McCarthy last week when he warned them against criticizing colleagues by name based on intelligence that doing so could trigger more political violence. Why it matters: McCarthy made clear that name-dropping opponents, instead of spelling out complaints in more general terms, can put a literal target on a politician, especially with tensions so high following the events of Jan. 6.Get smarter, faster with the news CEOs, entrepreneurs and top politicians read. Sign up for Axios Newsletters here.That's what happened to Rep. Liz Cheney, the GOP conference chairperson, after she said she would support impeaching President Trump. * She and several other members had to increase their security and take extra precautions because of death threats and other alarming warnings after their colleagues singled them out in their complaints.What McCarthy said: The House minority leader issued his warning during a conference call last Monday. He said his concern was driven by the FBI briefings he receives. * "It doesn’t matter which side of the position you were: I respect it, I respect why you did what you did. But what we are saying on television, when we say a member’s name. ... This is not the moment in time to do it." * "You can incite something else. The country is very divided and we know this. Let’s not put any member, I don’t care who they are Republican, Democrat or any person not even in Congress. Watch our words closely. I get these reports on a weekly basis. I’ve seen something I haven’t seen before.”Several minutes later, McCarthy repeated the message: “Emotions are high. What you say matters. Let’s not put other people in danger. Let’s watch what words we’re using and definitely not be using other members' names in any media.”Days later, some GOP members ignored him and openly criticized their colleagues * Rep. Adam Kinzinger tweeted that the name of his Republican colleague, Rep. Majorie Taylor Greene, "will be one forgotten by next January." * Rep. Lauren Boebart (R-Colo.) mocked Speaker Nancy Pelosi over the House's new mask fines.One of the most blatant attacks, leading to a media firestorm, was when several members of the House Freedom Caucus went after Cheney for voting to impeach Trump. * On the day of the vote, the members circulated a petition to remove her from her leadership role. * Cheney is now fielding a series of threats against her, many from fiery Trump supporters angered by her vote, a source with direct knowledge of the threat said. * “We don’t comment on security matters,” Cheney’s communications director, Jeremy Adler, told Axios.What we’re hearing: McCarthy's team told Axios he isn't looking for repercussions. Spokesman Matt Sparks said the leader wants to lower the temperature and is encouraging members to be mindful of the current environment.Be smart: sign up FREE for the most influential newsletter in America.

  • Trump Signs Executive Order Expanding Prosecutors’ Access to Concealed Carry Permits

    President Trump signed an executive order on Monday expanding access to personal firearms for federal law enforcement officials. The order is one of the last of Trump’s presidency, with Joe Biden set to be sworn into office on Wednesday. The purpose of the order is to remove “undue obstacles” for law enforcement officers and prosecutors to obtain concealed carry licenses, as well as to expand protections for prosecutors and judges. “It shall be the policy of the United States to remove any undue obstacle preventing current or retired Federal law enforcement officers from carrying a concealed firearm,” the order states. The order also directs the U.S. Attorney General to “propose a regulation…to provide that the special deputation as a Deputy United States Marshall shall be granted upon request to any Federal prosecutor” who faces risk of harm as a result of his or her work. The special deputation would grant a prosecutor the right to concealed carry of a firearm. It is unclear if the incoming Biden administration will work to carry out the order. Biden announced earlier this month that he will nominate Merrick Garland, the prosecutor who headed the investigation against Oklahoma City bomber Timothy McVeigh, to the position of attorney general. Biden himself is preparing several executive orders for the first days of his presidency, in an attempt to reverse several Trump administration policies. Among other issues, Biden will rejoin the Paris Climate Accords and end Trump’s immigration restrictions on some Muslim-majority nations.

  • Pence tried to contact Capitol officer Eugene Goodman to thank him

    The officer who may have saved the life of Vice President Mike Pence could now be giving him the side-eye. The cop hailed as a hero for leading a crowd of insurrectionists away from the Senate floor and potentially saving hundreds of lawmakers’ lives has, perhaps, left the vice president on read. Vice President Mike Pence has reportedly reached out to thank Capitol Police Officer Eugene Goodman for his heroism on Jan. 6, but they have yet to connect.

  • Macron hails giant step for French Islam after Muslim leaders sign charter accepting secularism

    President Emmanuel Macron on Monday hailed a major step for “enlightened Islam” in France after Muslim leaders approved a charter that rejects extremism and upholds the "primacy of Republican principles over religious values”. Mr Macron has been pushing for the charter since November after a jihadist killed a schoolteacher for showing cartoons of the Prophet Mohammed in class. He called it “a hugely important step” and “truly a foundational text in the relationship between the state and Islam of France”. “Everything starts now,” he told Muslim leaders after an Elysée meeting rubber-stamping the text. However, it received a sceptical response from some religious scholars and experts. The 10-article “charter of principles” comes after six weeks of sometimes fraught talks within the French Council of the Muslim Faith (CFCM), an umbrella body representing Islam in relation with the state. Negotiations almost collapsed last month when Chems-Eddine Hafiz, the council's vice-chairman, walked out amid claims that Islamist council members were spreading falsehoods that "the charter aims to attack the dignity of faithful Muslims". Entente over the charter seen is seen as key to Mr Macron’s fight to banish a culture of “separatism” in French society, which is also the subject of a new bill debated in parliament on Monday.

  • Joe Biden’s Pandemic-Relief Bill Is a Mess

    At the outset of the pandemic, the government undertook a deliberate effort to reduce economic activity in what was widely thought to be a necessary measure to slow the spread of COVID-19. Whereas most recessions call for policy that stimulates the economy, the COVID-19 recession called for the opposite — measures that would enable workers and businesses to hit pause until a vaccine or therapeutic became widely available. Now that vaccines are being administered, policymakers face a different challenge — not keeping Americans inside, but getting them back to work as quickly as possible. In this context, President-elect Biden’s $1.9 trillion stimulus package misses the mark. The proposal gives a nod to public health — with $20 billion allocated to vaccine distribution, $50 billion to testing, and $40 billion to medical supplies and emergency-response teams — but fails to address the most pressing hurdles to COVID-19 immunity. Vaccines sit unused not for lack of funding but thanks to burdensome rules determining which patients can receive shots and which doctors can administer them. Additional spending to speed up vaccine distribution is welcome, but its effects will be muted if bureaucratic hurdles remain in place. Even if the public-health provisions were to succeed in reopening the economy, much of the rest of Biden’s plan guarantees that it will reopen weaker. For one, an expanded unemployment-insurance top-up of $400 a week would mean more than 40 percent of those receiving unemployment benefits would make more off-the-job than on-the-job at least until September, and possibly for longer. The food-service and retail industries hit hardest by the pandemic would see the largest shortfalls in labor, exacerbating the challenges they’ve faced over the past year. Enhanced unemployment may have been reasonable when we wanted workers to stay home, but it’s catastrophic when we want them to go back to work. Meanwhile, Biden’s proposed minimum-wage increase to $15 nationally would eliminate an estimated 1.3 million jobs, hitting low-income states hardest. In Mississippi, where the median wage is $15, as many as half the state’s workers would be at risk. A minimum-wage hike may be high on the Democratic wish list, but it does not belong in an emergency-relief bill. The Biden plan isn’t all Democratic priorities, though. He took a page from Trump’s book and proposed $1,400 checks to households, bringing the second-round total to $2,000. With household income now 8 percent above the pre-pandemic trend, additional checks would do little more than pad savings accounts. Indeed, 80 percent of the recipients of last year’s checks put the money into savings or debt payments, not consumption. The flagship item in Biden’s plan would do little to spur economic growth even on Keynesian assumptions. The same goes for state and local aid, for which Biden is seeking $370 billion on top of $170 billion in public-education grants. The total of $540 billion far surpasses the roughly $50 billion hit to state and local tax revenues last year. As we wrote in December, states and cities are slow to spend federal grants, so the lion’s share of this stimulus would not show up until 2023. Rather than attempting to stimulate the economy, Biden is hoping to launder bailouts of profligate Democratic states through COVID-19 relief. Other parts of the bill — expansions of the earned-income and child-tax credits — are defensible long-term structural reforms, but as year-long emergency measures, they will have the same muted effect as direct checks. By including a slew of proposals unrelated to the pandemic, Biden has weakened his hand in negotiations and made it less likely that urgent measures pass quickly. In the depths of the COVID-19 pandemic, economic policymakers rose to the occasion. Following an unprecedented external shock, the U.S. economy has emerged in relatively good shape, with less unemployment and bankruptcy than most feared. But the policies implemented to curb COVID-19 are not suited for what will begin to become, over the course of this year, a post-pandemic economy. Biden may have campaigned during a recession, but he is taking office during a recovery. He should govern accordingly.

  • Trump news – Armed groups dwarfed by security at state capitals as president’s approval at new low

    The latest updates from the White House and beyond on 17 January 2021

  • Chinese miners trapped underground for more than week send note to rescuers

    Miners trapped underground in eastern China for more than a week after a blast at a gold mine have managed to send up a note to rescuers, the local government said on Monday. The blast occurred eight days ago on Sunday afternoon at a mine near Qixia city in eastern Shandong province, leaving 22 miners trapped underground more than 600 metres from the mine’s entrance. After a long period without any contact, rescuers were able to drill through the mine on Sunday afternoon and said they heard "knocking sounds". A note was then sent up from the trapped miners saying that 12 were still alive, the local government said in a statement Monday. "We are in urgent need of cold medicine, painkillers, medical tape, external anti-inflammatory drugs, and three people have high blood pressure," the note read.

  • Many charged with Capitol riots already documented their trips online

    Federal law enforcement hasn't had to use significant legal and technical resources at its disposal because of online documentation.

  • Germany regrets U.S. decision to sanction Russian vessel involved in Nord Stream 2

    The United States has informed Germany that it plans to impose sanctions on a Russian pipe-laying ship involved in construction of the Russian-led Nord Stream 2 gas pipeline from Russia to Germany, the German Economy Ministry said on Monday. "We're taking note of the announcement with regret," an Economy Ministry spokesman in Berlin said. German business daily Handelsblatt had earlier reported the U.S. sanctions would go into effect on Tuesday as part of the Countering America's Adversaries Through Sanctions Act (CAATSA).

  • Biden to end Keystone XL pipeline early on

    U.S. President-elect Joe Biden may end the Keystone XL pipeline project as one of his first acts in office, a source familiar with his thinking told Reuters it could happen as early as day one. Biden, who will be inaugurated on Wednesday, was vice president when Barack Obama rejected the $9 billion project in 2015. Then two years later, Donald Trump issued a presidential permit that allowed the line to move forward. Since then the project has seen opposition by environmentalists seeking to check Canada's oil industry and Native Americans whose land faced encroachment. Construction of the pipeline is well underway and if completed, would move oil from Canada's Alberta province to the U.S. state of Nebraska. In his 2020 run for president, Biden vowed to scrap its permit once elected. The Canadian Broadcasting Corporation reported on Saturday, the words 'rescind Keystone XL pipeline permit' appeared on his list of Biden's executive actions likely scheduled for his first day. Biden's team did not respond to a request for comment, but Canada's ambassador to the U.S. said she looks forward to a decision that fits both countries' environmental protection plans. In a statement, Ambassador Kirsten Hillman said: "There is no better partner for the U.S. on climate action than Canada as we work together for green transition." Meanwhile Alberta's Premier tweeted he was "deeply concerned" by the report, adding the decision would kill jobs, increase U.S. dependence on foreign oil, and weaken U.S.-Canada relations.

  • Russian Judge Sentences Opposition Leader Alexei Navalny to 30 Days in Jail

    A Russian judge ruled Monday that opposition leader Alexei Navalny must remain in retail detention for 30 days after he was detained on Sunday immediately upon his return to Moscow, where he traveled after recovering in Germany from a near-fatal poisoning attack. “The court arrested Navalny for 30 days. Until February 15,” the judge’s spokeswoman Kira Yarmysh wrote on Twitter. Navalny’s lawyers learned of the Monday morning hearing just minutes before it began at a police station, instead of a normal courtroom, in the outskirts of Moscow. The judge allotted the attorneys just 30 minutes to familiarize themselves with the case and another 20 minutes to speak to their client. Navalny’s spokeswoman Kira Yarmysh said the ruling “cannot even be called a parody of the rule of law.” “They detained him at the border, took him to places unknown, his lawyer was not granted access, the hearing was carried out urgently right in the police station and he was detained for 30 days,” Yarmysh said. Navalny was already scheduled to appear at a January 29 hearing on charges that he had violated the parole terms of a previous suspended sentence by staying in Germany while undergoing treatment, the reason for which he was officially detained. He received the earlier suspended prison sentence and probation order in 2014 for embezzlement and money laundering, a case which the European Court of Human Rights in 2018 called politically motivated. He has called the criminal cases against him “fabricated” and said the authorities’ intent is to deter him from returning. After the court’s ruling, Navalny urged people to take to the streets in protest. “Don’t be afraid, take to the streets. Don’t go out for me, go out for yourself and your future,” Navalny said in a video posted to YouTube. Navalny nearly died over the summer after being poisoned by Novichok, a Soviet-era nerve agent. He had been on a flight to Moscow after meeting with supporters in Siberia when he fell ill. The Russian dissident blames Russian President Vladimir Putin for the poisoning, though the Kremlin has denied having any involvement. U.S. Secretary of State Mike Pompeo on Sunday called for the opposition leader’s “immediate and unconditional release,” and said his detention was “the latest in a series of attempts to silence Navalny and other opposition figures.”

  • Trump news - live: Pelosi raises alarm over loyalist installed at NSA, as Biden finalises inauguration speech

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  • Woman Still Missing After Hike in Yosemite National Park, Officials Ask for Help

    Yosemite National Park officials are asking the public’s help for any information regarding a 41-year-old Asian woman who went missing after going on a day hike to the Upper Yosemite Fall last week. The woman was identified as "Alice" Yu Xie, a Chinese national living in the United States, according to a post shared by the park on Saturday. “If you were on the trail to the top of Yosemite Falls on January 14 or 15, 2021, even if you did not see this individual, or have any information regarding this individual, please call 209/372-0216 during business hours, or Yosemite Emergency Communications Center at 209/379-1992 after hours,” the park said.

  • 7 inconvenient truths white people must understand about Martin Luther King Jr.

    “I have a dream that my four little children will one day live in a nation where they will not be judged by the color of their skin but by the content of their character,” is the one line many white Americans can recite from a Dr. Martin Luther King Jr. speech. For instance, in a session last year about racism in her workplace, one white professional relied on this quote as she attempted to convince her colleagues and me that the Black Lives Matter movement is racist. King would’ve wanted us to recognize that all lives matter, regardless of color, she asserted.

  • Billionaire backer feels 'deceived' by Josh Hawley over election objections

    Jeffrey Yass, Club for Growth donor, told associate he did not foresee senator’s role in attempt to overturn US democracyHawley has publisher for book dropped by Simon & Schuster Josh Hawley speaks at the US Capitol on 6 January, the day of the Capitol attack. Photograph: AP A secretive billionaire supporter of Josh Hawley and other rightwing lawmakers suggested he had been “deceived” by the Republican senator from Missouri, who led the effort to overturn the results of the 2020 election. Jeffrey Yass is a co-founder of Susquehanna International Group – headquartered in Philadelphia, Pennsylvania, a critical swing state – who has donated tens of millions of dollars to hardline Republican groups who supported Donald Trump’s effort to invalidate his defeat at the polls by Joe Biden. Yass privately told a longtime associate he had not foreseen how his contributions would lead to attempts to overturn US democracy. “Do you think anyone knew Hawley was going to do that?” Yass wrote to Laura Goldman, a former stockbroker who has known him for more than three decades. “Sometimes politicians deceive their donors.” Yass, who does not give interviews and generally avoids publicity, also told Goldman he did not believe the 2020 election had been “stolen”, even though he has directly and indirectly supported rightwing Republicans who have repeatedly – and falsely – sought to discredit the results. The latest fallout of the 6 January attempt to invalidate the election, in which 147 Republicans in Congress objected to electoral college results in the aftermath of the attack on the Capitol, comes as both Hawley and his donors face pressure and criticism for his role. Hawley has said he objected to the counting of electoral votes in order to instigate a “debate” on the issue of election integrity. He has denied that his actions helped to incite the violent outburst and breach of the Capitol in which five people died, including a police officer. Goldman told the Guardian she emailed Yass because she was upset to learn about his support for Hawley and other Republicans, especially since the lawmakers were seeking to invalidate the election results in their home state, Pennsylvania, which helped Biden clinch the White House. “I approached Jeff Yass upset after reading the Guardian’s article [about his involvement in donations] because I was shocked he would allow my vote and the vote of his neighbors to possibly be invalidated by politicians to whom he gives millions of dollars,” she said. She added: “Yass lives here. He knows local politicians … he could simply call them and ask questions if he thought the election results were funky, which they absolutely were not. He doesn’t need Josh Hawley, a senator from Missouri, or Ted Cruz, a senator from Texas, to question the election results in the state that he has lived almost 40 years.” Goldman published snippets of Yass’s private remarks to her on Twitter. The Guardian was able to verify the authenticity of the statements. Yass, a trader and poker aficionado who is an active Republican donor and has been a force in Pennsylvania elections, donated about $30m to conservative Super Pacs in the 2020 election cycle, making him the eighth-largest donor in the election, according to data compiled by the Center for Responsive Politics. Most of those donations were made to the Club for Growth, an anti-tax group that in 2018 and 2020 supported 42 Republican hardliners who ultimately voted to overturn election results even after insurrectionists stormed the US Capitol. The Club for Growth has been a major backer of both Hawley and Cruz, his partner in seeking to invalidate the election. Yass has not responded to requests for comment from the Guardian. Nor has he responded to questions about whether he will continue to donate to the Club for Growth or whether he discussed issues with Hawley and others. Goldman said she sought out a discussion with him in part because she knows he is a “hands on” political donor. The Club for Growth did not respond to a request for comment. The group’s president, David McIntosh, has been an avid supporter of some of the most anti-democratic lawmakers elected in 2020, including Lauren Boebert, a QAnon follower and gun rights advocate from Colorado who has been criticized for tweeting the location of the House speaker, Nancy Pelosi, during the riot in the Capitol, against the advice of police. In an endorsement of Boebert in July 2020, McIntosh lauded the restaurant owner and political novice for her understanding of the “irreparable harm” caused by “government overreach” and said he had no doubt Boebert would be a “conservative firebrand” in Washington. Yass told Goldman he donated to the Club for Growth a year ago and suggested he could not have anticipated what Hawley and others might do. But public records show Yass also donated $2.5m to the Protect Freedom Pac on 10 November 2020, a week after the US election. The Protect Freedom Pac, affiliated with the Kentucky Republican senator Rand Paul, ran advertisements against Democrats ahead of two January runoff elections in Georgia, including ads that claimed Democrats were seeking to defund the police, institute “socialist healthcare” and raise “trillions in new taxes”. The Protect Freedom Pac’s website currently – and falsely – states that Democrats “stole” the 2020 election and used the Covid-19 crisis to illegally change election laws. It has also endorsed an in-person voter ID law, a policy that would disproportionately block minority voters. Yass has received far less attention than other billionaire donors, such as Mike Bloomberg or the late Sheldon Adelson, but has been known to get involved in local politics, donating money to candidates who support charter schools. Goldman told the Guardian Yass has been a longtime supporter of the Republican majority in the Pennsylvania legislature that led the fight to stop mail-in ballots from being counted until election day. Pennsylvania’s final results were not known until days after the election and Biden’s victory was clinched in large part because of hundreds of thousands of mail-in ballots that were counted after in-person ballots. Hawley’s office did not respond to a request for comment. Got a tip? Please email Stephanie.Kirchgaessner@theguardian.com