Despite FED chair Jerome Powell’s speech last week, where their shift from inflation to the job market indicated a pending rate cut, a renewed attack by Trump on the FED has left markets reeling.
Sales of electric vehicles are on the rise in China, which is promising news, although it has not been sufficient to boost the stock prices of these companies. Li Auto, NIO, XPeng, and BYD, the leading Chinese EV manufacturers, unveiled their August delivery numbers during the weekend.
