Pacific Perspectives
Australia’s five most powerful people in consulting for 2026
What a difference a year makes. Last year, KPMG chief executive Andrew Yates topped The Australian Financial Review Magazine’s consulting power list. Yates had helped the firm win a series of big audits and managed…
This obscure ASX-listed AI stock has rocketed 2000pc in four months
Fund managers are finding stunning returns at the smaller end of the Australian sharemarket as the global artificial intelligence trade roars back to life from Facebook owner Meta’s AI agent showing early signs of success,…
Stock futures are flat after soaring Treasury yields trigger a market sell-off: Live updates
Stock futures hovered near the flatline Wednesday night after surging yields in Treasurys sparked a sell-off in the market and traders anticipated rate hikes from the Federal Reserve. S&P 500 futures were up 0.05%, while…
CFTC says prediction markets’ ‘mentions’ contracts present a higher risk of manipulation
The Commodity Futures Trading Commission advised some of its regulated entities on Tuesday that prediction markets’ “mentions” contracts are at greater risk of manipulation. In a press release announcing the letter it sent to designated…
The ASX’s rival hopes biggest listing in a decade will draw investors
The National Stock Exchange is hoping the float of a Canadian copper explorer this week will trigger a wave of listings by offshore and smaller companies looking for cheaper local options than the ASX. Gladiator…
ANZ, CBA join two big rivals in forecasting RBA rate rise next week
Commonwealth Bank and ANZ have fallen into line with the country’s two other major lenders forecasting an interest rate rise as soon as next week, changing their position after officials at the Reserve Bank of…
ASX to rise, oil below $US99
Australian shares are set to open modestly higher, helped by further gains in New York as oil briefly traded below $US98 a barrel amid the prospect of a negotiated end to fighting between the US…
Nasdaq rises to new record; S&P 500 closes flat as oil slides for a fifth day
The Nasdaq Composite rose to a fresh all-time intraday high on Tuesday, while the S&P 500 was relatively unchanged as traders continued to keep an eye on developments between the U.S. and Iran. The tech-heavy…
Stocks had a great day on the surface. But something alarming occurred not seen since 1999
The stock market just posted a banner day by nearly any measure on Monday. The Nasdaq Composite surged 2% to a new record. The broader S&P 500 jumped about 1.5% and now sits less than…
ASX to rise, Nasdaq rallies
Australian shares are set to open higher, bolstered by gains on Wall Street, a sharp drop in the oil price, and easing global bond yields. Bitcoin briefly topped $US87,000 late in New York. ASX 200…