Pacific Perspectives
Stocks making the biggest moves after hours: FedEx, Cerebras, KB Home & more
Check out the companies making headlines after the bell: FedEx — Shares shed about 6% after revenue in the fourth quarter narrowly beat Wall Street’s expectations. The company posted revenue of $25.01 billion, slightly higher than…
Orora shutters Middle East bottle plant and warns of big profit hit
Orora says earnings from its major Saverglass division will be up to a third lower than expected, and stop production at a facility in the UAE as it adjusts to the fallout from six weeks…
Lingering RBA rate rise bets keeps Aussie dollar afloat
The Australian dollar is holding firm above US70¢ despite an unexpected hawkish pivot from the US Federal Reserve, thanks to a lingering bet in the bond market that the Reserve Bank of Australia will have…
ASX to rise, semis hit by selling wave
Australian shares are set to open higher amid volatile trading on Wall Street as selling pressure hit the tech sector, in particular semiconductor stocks. The Australian dollar fell sharply, in line with a surging greenback…
Oil prices edge lower as market monitors tanker traffic through Strait of Hormuz
Oil prices ticked lower Tuesday as investors monitored tanker traffic through the Strait of Hormuz. Brent crude futures, the international benchmark, fell 82 cents to close at $77.08 a barrel. West Texas Intermediate futures declined 65 cents to settle at…
S&P 500 futures are little changed after tech sell-off drags down broad market index: Live updates
S&P 500 futures traded near the flatline on Monday night after a sell-off in tech giants dragged down the broad market index. S&P 500 futures lost 0.1%, and Nasdaq 100 futures slid 0.2%. Futures tied to the Dow Jones…
Metcash boss sees confidence returning, but Victoria remains a drag
Shoppers have reopened their wallets this month, says Metcash boss Doug Jones, as signs of an imminent resolution to the Middle East conflict boost confidence, but he bemoaned unfavourable tax settings in Victoria as a…
‘Uninspiring’: Investors lose patience with ASX as money goes offshore
Australia’s sharemarket is expected to remain in the doldrums for the rest of this year as strategists warn that high interest rates, steep equity prices, and recent government tax changes will leave the bourse trailing…
ASX to rise
Australian shares are set to edge higher at the open, tracking modest gains in the Dow Industrial Average amid optimism over the US-Iran peace talks which helped push oil lower. However, SpaceX tumbled as did…
Nvidia’s stock struggles as Kalshi traders bet chip prices are coming down
Shares of Nvidia have been faltering recently — and Kalshi traders predict that what the company can charge for chips is also declining. While the artificial intelligence chipmaker is up about 12% in 2026, shares…