Pacific Perspectives
Why the RBA’s rate decision will only make inflation worse
If you thought inflation was bad after last week’s red-hot report dashed hopes of an interest rate cut in Australia, a cohort of economists is warning that it will get much worse unless the central…
Nasdaq closes higher to start November, boosted by Amazon and other AI leaders
The Nasdaq Composite rose on Monday as investors moved further into the artificial intelligence trade following a number of deal announcements. The tech-heavy Nasdaq advanced 0.46% to finish at 23,834.72, while the S&P 500 traded up 0.17% to 6,851.97.…
Why resource stocks are finally on track for a re-rating
There’s no denying that resources have been out of favour for a few years now, as we’ve watched the financial sector storm ahead. But to investors, I’d say now is the time to get out…
RBA to lift inflation forecasts after shock CPI rules out Cup Day cut
Economists say the Reserve Bank of Australia will have to revise its inflation forecasts higher after quarterly numbers came in far hotter than expected, killing off any chance of a Melbourne Cup Day rate cut.…
Why this stock is a better pick than Rinehart’s rare earths bet
When it comes to picking winners at the speculative end of Australia’s mining sector, perhaps no one is better qualified than Rick Squire. Before joining the world of funds management, he completed a PhD in…
Nasdaq and S&P 500 close higher, thanks to Amazon, to cap off a strong week: Live updates
The Nasdaq Composite and the S&P 500 rose on Friday, boosted by shares of tech giant Amazon on the heels of its strong quarterly results. The tech-heavy Nasdaq advanced 0.61% to finish the session at 23,724.96, while the broad market index…
Stocks making the biggest moves midday: Cigna, FormFactor, Meta Platforms, Microsoft, Carvana & more
Cigna — Shares of the health insurance company after management said during an earnings call that it expects its pharmacy benefit services division to face margin pressure in the next few years. Cardinal Health — The drug…
Investors, politicians, governance experts want answers from Santos
Investors, corporate governance experts and politicians are demanding the Santos board provide answers on the abrupt exit of chief financial officer Sherry Duhe, as concerns mount about a lack of succession planning at Australia’s second-largest…
The 42pc gain that shows why Sohn is a stock picker’s delight
It turns out you could have outperformed the seemingly unstoppable magnificent seven tech stocks if you simply acted on the 11 stock picks at Sohn last year. The year’s greatest event for stock pickers is…
ASX to rise; Apple notches record quarter; ResMed earnings up 9pc
Australian shares are set to open modestly higher, with futures paring earlier gains as US equities turned lower in late trading. Futures indicate the S&P/ASX 200 index is set to open up 13 points or…