Pacific Perspectives
ASX to slip, but record looms as investors expect US rate cuts
Disappointing jobs figures in the United States have boosted investor hopes for an interest rate cut in the world’s largest economy, putting the Australian sharemarket on track to reach a record high this week. Futures…
Nvidia’s breakdown, dismal jobs report and other ills fail to slow down this bull market by much yet
Bear-baiting is illegal in a majority of states that allow bear-hunting, but on Wall Street it’s happening right out in the open. The markets have dangled in front of the bear den a weaker-than-hoped jobs…
Stocks making the biggest moves midday: Gap, American Eagle, Salesforce, Figma and more
Check out the companies making the biggest moves midday: PayPal — The payments stock fell more than 2% after Chief Financial Officer Jamie Miller said the company still has “a lot more work to do” to…
Goldman says gold could surge to $US4500. That should worry markets
Stocks are higher, bond yields are lower, but is it really time to breathe a sigh of relief? Yet another jump in the price of gold suggests that the whiff of stagflation that continues to…
Figma plunge sounds warning to Canva investors
When Australian design software giant Canva’s smaller rival Figma made a stellar Wall Street debut with a 250 per cent opening day pop it was widely seen as a sign that the public markets were ravenous for…
Trump family triples down on crypto, but investors feel the pain
The Trump family is going all in on cryptocurrencies – even more than before – with the launch of not one but two ventures this week: American Bitcoin, a bitcoin mining business backed by the US president’s…
Why Amazon is a leading mover in the stock market Thursday
Wall Street is seeing a big revenue opportunity ahead for Amazon after this week’s megafunding round for Anthropic, an artificial intelligence startup backed by the e-commerce giant. Shares of Amazon jumped more than 3% on Thursday, making…
Stocks making the biggest moves after hours: American Eagle, Salesforce, C3.ai, Gitlab and more
Check out the companies making headlines after hours. American Eagle Outfitters — The clothing retailer surged almost 24% in extended trading. American Eagle Outfitters topped expectations in the second quarter thanks to a partnership with actress Sydney Sweeney…
Government debt months away from $1trn, but nobody is panicking (yet)
The federal government’s total borrowings will cross the $1 trillion mark for the first time within months, with fund managers expecting a bigger debt pile will not be a negative but instead attract more bond…
Bond markets are flashing red at a risky time for investors
It’s carried global markets for more than a year. But is the mighty Nvidia showing signs of strain? The chipmaker fell another 2 per cent on Tuesday night and is down almost 6 per cent since delivering…