LA Private

September 2024

Dow and S&P 500 reach record highs

The S&P 500 achieved a record closing high on Monday, capping off a successful month and quarter. The Dow Jones Industrial Average climbed 17.15 points, or 0.04 per cent, to finish at 42,330.15. The S&P 500 rose 0.42 per cent, closing at 5,762.48, while both indexes set new records. The Nasdaq Composite also gained, rising […]

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Stellantis and Aston Martin face profit downgrades

Profit pressures continue in the global car industry, with the French-Italian-US group Stellantis and Aston Martin both joining the growing chorus of earnings downgrades on Monday. In mid-September, German giants BMW and Mercedes downgraded their profit forecasts for 2024 and 2025, blaming weak demand from China for luxury cars. Volkswagen, the biggest carmaker in Europe,

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Stocks of the Hour: Australian Rare Earths, Burley Minerals, Trigg Minerals

Australian Rare Earths (ASX:AR3) has significantly expanded its Koppamurra MRE, increasing it by 27% overall and by 70% in higher-grade subsets. This positive development strengthens the company’s position as a potential major supplier of critical rare earths. Shares are trading 38.30 per cent higher 13 cents. Burley Minerals (ASX:BUR) has successfully acquired Exploration License, known

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Kiwi dairy group Synlait’s tough year

A significant loss for its latest financial year didn’t come as a surprise as Kiwi dairy group Synlait prepares for life after what was nearly a death experience a couple of months ago. If it hadn’t been for support from shareholders—especially China Bright, its largest stakeholder, and A2M, its former partner turned adversary—Synlait would have

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Chinese stocks surge: Strongest week since 2008 amid $114 billion stimulus

Chinese equities recorded their strongest week since 2008 after Beijing announced a $114 billion stimulus package aimed at boosting the stock market. The CSI 300 index, which tracks companies listed in Shanghai and Shenzhen, surged by 15.7%—its best performance since November 2008, when a similar stimulus was rolled out during the global financial crisis. This

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