LA Private

June 2024

ASX down 0.35% near noon following Wall Street’s surge

At 11:30am, the S&P/ASX 200 is 0.35 per cent lower at 7,722.30, following Wall Street’s surge to record highs, driven by increased investor confidence in companies poised to benefit from artificial intelligence. Nvidia and Apple saw gains, while Broadcom and Adobe surged significantly post-market. Additionally, Tesla’s stock rose after shareholders approved Elon Musk’s controversial $US56

ASX down 0.35% near noon following Wall Street’s surge Read More »

Chinese NEV sales rebound despite impending EU tariffs

Ahead of Wednesday’s news that the European Commission will impose varying tariff levels on imports of Chinese battery-powered cars, the latest industry figures show a rebound in Chinese sales in May from April’s surprise dip. The tariffs don’t seem to target the industry generally—just specific companies. BYD, the industry leader, may face a tariff of

Chinese NEV sales rebound despite impending EU tariffs Read More »