Cyberattack Prevents Macmillan From Shipping Its Books to Retailers

Cyberattack Prevents Macmillan From Shipping Its Books to Retailers

Macmillan, one of the largest book publishers in the U.S., said it has been hit by a cyberattack, and book retailers nationwide said they were unable to place new orders from the publisher. Macmillan “recently experienced a security incident, which involves the encryption of certain files on our network,” the publisher said Wednesday. “As a … Read more

NFT Artists Get First Major Test Since Crypto’s Collapse

NFT Artists Get First Major Test Since Crypto’s Collapse

As NFT art sales dwindle, a handful of digital-art stars appear to be weathering the crypto storm. The days of $69.3 million JPEGs may be over for now, but a handful of leading digital artists held their own during a Christie’s charity sale Tuesday that tested the enduring appeal of tokenized art amid a recent … Read more

NIO Says Short-Seller Report ‘Without Merit.’ The Stock Slumps.

NIO Says Short-Seller Report ‘Without Merit.’ The Stock Slumps.

Text size NIO denied accounting allegations in a report by short-seller Grizzly Research. Qilai Shen/Bloomberg NIO stock dropped more than 12% in Hong Kong on Wednesday after the company denied a report published by short-seller Grizzly Research claiming that the Chinese electric-vehicle maker is exaggerating revenue and profit margin. In its report on Tuesday, Grizzly … Read more

NIO shares extend losses as Chinese EV maker denies short-seller report

NIO shares extend losses as Chinese EV maker denies short-seller report

NIO Inc.’s shares in Hong Kong extended declines in afternoon trading after the company denied accounting allegations in a report by short seller Grizzly Research LLC. The stock NIO, -2.57% NIO, -10.67% fell by as much as 10% to 167.80 Hong Kong dollars (US$21.38) on Wednesday and was recently 9.3% lower at HK$169.50. Grizzly Research … Read more

Why UPS Stock Could Be a Winner. Margins Are Improving.

Why UPS Stock Could Be a Winner. Margins Are Improving.

UPS CEO Carol Tome. Photo by JIM WATSON/AFP via Getty Images Text size Until recently, United Parcel Service operated a little like the New York Yankees. But the company has changed in ways that are positive for the stock. Investors, along with baseball fans, may know that the Bronx Bombers have maintained an appearance policy … Read more