Nio Inc. reported Thursday a narrower-than-expected loss and revenue that fell less than forecast, but the China-based electric vehicle maker’s stock pulled back 2.2% in premarket trading after soaring 27.5% over the previous two sessions. The net loss narrowed to RMB1.72 billion ($243.3 million), or RMB1.66 a share, from RMB2.65 billion, or RMB2.56 a share,

The global case tally for the coronavirus that causes COVID-19 climbed to 5.71 million on Thursday, according to data aggregated by Johns Hopkins University. The death toll rose to 356,042. More than 2.4 million people have recovered. The U.S. has the highest case toll in the world at 1.7 million and the highest death toll

Imperial Capital downgraded Walt Disney Co. shares to underperform from in-line on Thursday, on expectations the company’s theme parks and film business will be hurt by the coronavirus pandemic. Analyst David Miller lowered his stock price target to $105 from $107, about 14% below its current level. Disney shares have climbed 21.2% in the last

Lumber Liquidators Holdings Inc. [: ll] reported Thursday a first-quarter profit that was well above expectations, but sales that were well below, including a surprise decline in same-store sales given the effects of the COVID-19 pandemic. The wood flooring company swung to net income of $12.2 million, or 42 cents a share, from a loss

Shares of Cineworld Group surged 29% in early London trade as the movie-chain operator said it negotiated a covenant waiver. Cineworld said it has increased its leverage covenant to 9.0x net debt to EBITDA for the December 2020 testing date, has agreed the terms of $110 million of additional liquidity through an increase in its

China’s ceremonial legislature has endorsed the national security law for Hong Kong, according to wire service reports. According to the South China Morning Post, 2,878 deputies voted in favor and one voting against, while six abstained. The move comes amid ratcheting tensions between the U.S. and China, with Secretary of State Mike Pompeo saying Hong

European stocks opened higher Thursday, putting the Stoxx Europe 600 on track for its fourth consecutive gain. The German DAX rose 0.7% and the U.K. FTSE 100 added 0.8%. Low-frills carrier easyJet rose over 4% after saying winter bookings are ahead of last year’s, while engine maker Rolls-Royce slumped nearly 7%. Futures on the Dow

U.S. stock index futures gained late Wednesday, after benchmark indexes surged forward in regular trading. As of 9:30 p.m. Eastern, Dow Jones Industrial Average futures were up about 150 points, or 0.6%, while S&P 500 futures and Nasdaq-100 futures showed more modest gains. Stocks jumped Wednesday despite rising tensions between the U.S. and China, as

The global case tally for the coronavirus that causes COVID-19 climbed to 5.65 million on Wednesday, according to data aggregated by Johns Hopkins University. The death toll rose to 353,414. More than 2.3 million people have recovered. The World Health Organization warned of a steep surge of infections in Latin America as Brazil’s case count

Shares of Boeing Co. jumped more than 5% in the extended session Wednesday after the jet maker announced the layoffs of 6,770 U.S. workers, with the first employees affected being notified this week. International locations also are planning layoffs that will be announced on their own timelines, Boeing said. “The COVID-19 pandemic’s devastating impact on