Pacific Perspectives
U.S. economy expanded 3.3% in Q2, with growth even stronger than initially thought
The U.S. economy grew at a pace that was faster than expected in the second quarter as consumers and businesses held up against tariff volatility. Gross domestic product rose at a 3.3% annualized pace in the…
Stocks making the biggest moves midday: Paramount Skydance, Krispy Kreme, Kohl’s, Nvidia and more
Check out the companies making the biggest moves midday: Paramount Skydance — The media stock lost more than 5%, marking its fourth straight day of losses, as the parent company of CBS continued to give back…
Transurban eyes US toll road expansion; Australia growth options slim
Transurban hopes to develop toll roads in more US states if the company succeeds with two new bids, chief executive Michelle Jablko said, as it looks to expand its growth options after reporting a 52…
Santos CEO lauds deal progress but can’t shake doubts on timing
Santos chief executive Kevin Gallagher has told investors the oil and gas company’s Middle Eastern suitor has made considerable progress towards a binding deal but has not quelled market doubts that it will be finalised.…
What we learnt: Corporate Australia’s quiet cost-cutting guru revealed
As Telstra Vicki Brady flexed her cost-cutting muscle, Origin showed it can deliver dividends and returns and Pro Medicus burnished its growth credentials. It’s still early days in profit season, but one of the notable…
Nvidia beats on top and bottom lines. Here’s why the stock is falling
Nvidia reported better-than-expected earnings and revenue on Wednesday, and said sales growth this quarter will remain above 50%, signaling to Wall Street that demand for artificial intelligence infrastructure shows no sign of fading. The stock, which…
Here’s what happened to financial markets after Nixon pressured the Fed
Investors wondering what President Donald Trump’s move to fire Federal Reserve Governor Lisa Cook might mean for financial markets today can look back half a century for some insight. President Richard Nixon, aiming to clinch a second…
What we learnt: Santos can’t answer the only question that matters
The big result: Santos | You could sum up the Santos analyst call in six letters: XRG WTF. Australia’s biggest ever all-cash deal is in full go-slow mode and Santos is playing along, extending bidder XRG’s exclusive…
‘No sense’: APA CEO ramps up criticism of LNG imports
The chief executive of the country’s biggest gas transporter, APA Group, has fired off against plans to import LNG to avert a potential gas shortage, warning that the high cost of imports risks turning consumers…
Profit season is a bit of a stinker. It won’t stop the ASX rising
When Macquarie strategist Matthew Brooks unveiled his “grand unified theory for equity strategy” last month, there were murmurs on social media that the S&P/ASX 200 index may have hit its peak. Here was an experienced…