Pacific Perspectives
ASX to rise; Light & Wonder income up; Growthpoint keeps outlook
Australian shares are set to open higher. All three US equity benchmarks rallied, with the S&P 500 led by communication services in a broad rebound. Tesla was near 5 per cent higher, a day in…
Retailers are raising prices to meet tariffs. Amazon is hiking more than others
Tariffs imposed by the Trump administration have given the country’s retailers another cost to manage during a period of persistent inflation. While many are navigating the change with limited price increases, marketplace giant Amazon is hiking more than…
Amazon-backed eVTOL company Beta Technologies closes up nearly 6% in NYSE debut
Beta Technologies, an electric aircraft company, closed up nearly 6% at $36 a share in its New York Stock Exchange debut on Tuesday. On Monday, the company priced shares in its IPO at $34 each, above…
Bullock flags end to rate cut cycle amid high inflation, jobless spike
Reserve Bank of Australia governor Michele Bullock has declared the interest rate cutting cycle could be close to finished, after the bank forecast inflation to exceed its target range of 2 per cent to 3…
ASIC warns private asset boom could end in restrictions on super
The wave of retirement savings being invested by big superannuation funds in private assets could ultimately force the federal government to place restrictions on members switching between investment options, a review commissioned by the corporate…
QVG says ‘fake-it-till-you-make-it’ investors are infecting markets
QVG Capital has slammed the army of investors hyping up speculative stocks and has told clients it will keep avoiding the frothy part of the sharemarket despite another month of underperforming its benchmark. The firm’s…
Stocks close lower hit by AI valuation concerns, Nasdaq drops 2% after Palantir earnings
Stocks fell on Tuesday, pressured by declines in artificial intelligence-related names like Palantir, as investors grew increasingly concerned about valuations in the bull market-leading shares. The S&P 500 declined 1.17% to close at 6,771.55, while the Nasdaq Composite traded down…
Stocks making the biggest moves midday: Amazon, Adeia, Kenvue, Iren & more
Check out the companies making the biggest moves midday: Ares Management — The private equity investment firm rose more than 6% on a better-than-expected profit for the third quarter. Ares reported after-tax realized income per share…
Former AGL Energy CEO Andy Vesey exits Forrest’s Fortescue
Former AGL Energy chief executive Andy Vesey has exited Fortescue, becoming the latest in a string of senior figures to depart the iron ore major and clean energy aspirant chaired by billionaire Andrew Forrest. The…
APA hatches plan for major expansion of Victorian gas pipeline network
APA Group is working on a near-$200 million expansion of a major gas pipeline in south-west Victoria as part of a broader plan to expand its extensive grid in the eastern states and head off…