Pacific Perspectives
Stocks making the biggest moves midday: Marvell, Moderna, Lamb Weston, Constellation Energy & more
Here are some of the companies making headlines in midday trading. Memory chip stocks and ETFs — Seagate Technology slumped 9.1%, Western Digital tumbled 6.9%, Roundhill Memory ETF (DRAM) slipped 2.2% and SanDisk fell almost…
Recession risks are growing beneath calm bond market waters
Economists say the chances of an Australian recession are rising despite little apparent panic in bond markets amid heavy government spending and a global spike in borrowing to finance artificial intelligence investments. Traditionally, as expectations…
The ASX stocks most exposed to the Chinese consumer are sinking fast
The long tail of sluggish Chinese growth and subdued consumer spending has reached the Australian sharemarket, driving a steep decline in stocks with significant exposures to the world’s second-largest economy. Among the biggest losers are…
S&P 500 resets its record high
Australian shares are set to open flat, as futures pared earlier gains in line with Wall Street pulling back slightly from an opening advance that helped both the S&P 500 and Nasdaq Composite reset intraday…
Boomers’ dividend stocks take beating from bond yields, with retirement income on the line
Dividend stocks like utilities are being pummeled amid bond market chaos and the rise of the 10-year U.S. treasury, raising questions for seniors about how to continue meeting their income needs. While dividend stocks are…
House Democrat targets candidate prediction market trades after opponent’s Kalshi penalty
With less than a month until the midterm elections, prediction markets’ political contracts are in focus as observers look to see if they’ll accurately forecast who will win various races across the country. But one…
Banks jack up fixed rates faster than RBA as funding pain deepens
Major banks have raised fixed mortgage rates by almost double the Reserve Bank of Australia’s recent increase in the cash rate as the industry faces mounting funding pressure in a slowing economy. The RBA raised…
Chalmers’ spending grows at twice the budget forecast
Federal government spending grew more than twice as fast as forecast last financial year, fuelling economists’ concerns that promises of budget restraint are falling short of reality and intensifying calls for Treasurer Jim Chalmers to…
ASX to rise, Nasdaq resets record highs even as bond yields surge
Australian shares are poised to open higher. The Nasdaq Composite rallied 1.1 per cent in New York, resetting both its intraday and closing records even as US bond yields pressed higher too. S&P/ASX 200 Index…
SpaceX stock climbs to highest since June, returning Musk to trillionaire status
SpaceX shares rose almost 8% on Monday, reaching their highest since mid-June, shortly after Elon Musk’s company held its record initial public offering. With the rally, Musk is once again a trillionaire. The jump followed…