Pacific Perspectives
Tesla beats on earnings and sales even as auto revenue declines
Tesla reported better-than-expected third-quarter results after the bell on Wednesday, even as automotive revenue dropped. The stock was little changed in extended trading. Here’s how the company did, compared with estimates from analysts polled by…
Oil price tipped to hit $US150 if Iran war drags on
Westpac has warned clients that oil prices could surge towards $US150 a barrel in the first half of next year if the Iran conflict continues to intensify, despite a recovery in exports in recent weeks.…
Instability comes for big super governance advisor ahead of AGM season
The Australian Council of Superannuation Investors’ key governance advisor has abruptly left on the eve of annual shareholder meeting season, leading to disquiet among major retirement savings funds as the group’s chief executive refuses to…
PEP says wary public investors stand in the way of more ASX floats
Pacific Equity Partners says listed equities investors’ demands for steep discounts are making ASX floats harder, particularly for companies too small to enter major sharemarket indices. Rohan Wolfers, a managing director at the Sydney-based private…
CoreWeave’s market confidence erodes as bond yields spike and stock sinks
CoreWeave is facing a crisis of confidence on Wall Street that’s playing out in real time among equity and bond investors. With interest rates spiking and AI buildout concerns mounting, debt-heavy neoclouds like CoreWeave are…
Musk says Tesla and SpaceX formed special committees to discuss merger
SpaceX shares climbed about 5% in extended trading on Tuesday after the company reported 161% revenue growth for the third quarter, beating Wall Street estimates, with its artificial intelligence business growing ninefold. On the earnings…
Former Rex chairman fined $800,000, disqualified for misleading market
The former executive chairman of embattled airline Regional Express has been fined $800,000 and banned from running an Australian company for four years after he admitted to misleading the market and breaching his directors’ duties.…
Retail investors dive into Maas betting the sell-off has gone too far
Retail investors have been piling into Maas Group after the share price nearly halved in value over the past week following the spectacular collapse of Firmus Technologies’ planned $44 billion initial public offering. Individual investors…
$22b of deals just shrank the ASX again. Here are six solutions
One of the cruel jokes doing the rounds of the ASX in the past month or so concerned the fate of two very different deals: the float of Firmus Technologies and the $9.4 billion takeover…
CNBC Daily Open: Tech rebounds in the U.S., but Asia isn’t buying it yet
What you need to know todayAfter a week defined by investors trimming exposure to the tech sector, some have cautiously begun to buy back in. The Nasdaq Composite advanced more than 1% on Monday stateside,…