Pacific Perspectives
Vance says Fed should lower interest rates: ‘Would be nice to have some help’
The Federal Reserve should cut interest rates to make homes more affordable, Vice President JD Vance said Thursday, adding to the pressure President Donald Trump has placed on the central bank to cut borrowing costs. The remarks came days after Trump’s handpicked Fed…
The one thing that caught Goldman Sachs’ notice this earnings season
After the relentless barrage of ASX earnings announcements during the August reporting season, the one thing that stood out the most for Goldman Sachs was the number of companies that rallied on better-than-expected results only…
Economics says Australia should have negative migration
Elected members imagine themselves trapped between an economy needing immigrants and a public wanting fewer. It’s time they questioned their assumptions. Politics has forced the hand of the major parties to announce immigration cuts. But…
ASX to rise after Waller calms US rate rise worries
Australian shares are poised to open higher, tracking a broad advance in New York after US Federal Reserve governor Christopher Waller said he is in no rush to lift US interest rates. Global bond yields…
S&P 500 posts back-to-back gains as Treasury yields retreat
Equities moved higher on Thursday, while Treasury yields pulled back, as investors grew hopeful that the Federal Reserve may leave interest rates unchanged this month. The S&P 500 rose 1.06% to end at 7,747.71, while the Nasdaq Composite rose…
Stocks making the biggest moves midday: PG&E, Dell, GitLab, Credo Technology, Brown-Forman & more
Here are some of the companies making headlines in midday trading. AST SpaceMobile — Shares jumped almost 10% after Berenberg began coverage of the satellite designer and several of its peers. Berenberg gave AST SpaceMobile a…
Global bond storm puts two RBA rate rises on the table
Soaring oil prices have triggered a global bond market meltdown, with borrowing costs hitting multi-decade highs, pressuring central banks to do more to stamp out inflation and raising the prospect of two more interest rate…
The great Australian quagmire will get only deeper from here
It’s embarrassing. Australians are actually having to work harder just to drive below-average economic growth that’s still too hot. The sharemarket is not the economy, or so the well-worn market saying goes. But right now,…
‘Have you lost focus?’ WAM investors question shock dividend cut
For more than five years, shareholders in Wilson Asset Management’s flagship WAM Capital have relied on a steady annual dividend of 15.5¢ a share, paid consistently regardless of how much money the listed investment company…
The $3 trillion oil market is becoming more accessible than ever: No longer a ‘rich man’s game’
Oil trading was once largely the preserve of commodity houses, institutional investors and professional traders able to make bets involving thousands of barrels at a time. That barrier is becoming much lower. CME Group announced in…