Pacific Perspectives
Stocks end Monday little changed as investors look ahead to Powell speech, retail earnings: Live updates
The major averages ended Monday near flat after posting a winning week. Traders awaited key retail earnings and Federal Reserve Chair Jerome Powell’s annual speech at the central bank’s Jackson Hole summit. The Dow Jones Industrial…
‘Don’t quit the market’ when it’s frothy, says Jim Cramer. Here’s why
CNBC’s Jim Cramer on Thursday said that although the market may be frothy, investors shouldn’t quit because there are enough positive stock stories to overwhelm the froth with rationality. Cramer used the dotcom bubble burst as an…
Why this reporting season is a backdrop for more market gains
For two months each year, reporting season takes centre stage for Australian equity investors. Heading into this one, the narrative was grim: weak revision momentum, a third year of negative earnings growth, stretched valuations, and…
Frustrations boil over at Iress amid $2b buyout plan
Years of investor frustration are boiling over at Iress. Having failed to lock in a private equity bid at a much higher price four years ago, fund managers are furious Iress isn’t bending over backwards…
ASX to drop; NAB’s $130m surprise, REA taps CAR Group boss as next CEO
Investors are expected to take some profits following a historic rally by the Australian sharemarket as they question whether the outlook for corporate profits stacks up against lofty stock valuations, and brace for the Federal…
Stocks power to record highs again despite warning signs. Can the market’s strong run continue?
The market wants a Federal Reserve interest-rate cut soon, but it doesn’t want to need one. Wall Street economists are fixated on identifying tariff effects, yet stocks either celebrated or shrugged off three warm and…
Stocks making the biggest moves after hours: Applied Materials, UnitedHealth, Intel and more
Check out the companies making headlines in after-hours trading. Applied Materials — The semiconductor equipment manufacturer tumbled 11% after the current-quarter outlook missed expectations of analysts polled by LSEG. Fiscal third-quarter earnings and revenue topped estimates.…
Suncorp lifts profit to $1.8b, says premium price rises are moderating
Suncorp chief executive Steve Johnston says the retail-focused, pure-play insurer is well-placed for growth after it adopted conservative allowances for weather-related disasters and modernised technology systems. Confidence in reported insurance margins was hit this week,…
Telstra mobile customers trading down to cheaper plans
Telstra customers facing hefty price hikes on mobile phone plans are trading down to cheaper pre-paid options, clouding the earnings outlook for the nation’s biggest telecoms provider. Investors and analysts were disappointed with weak growth…
ASX chief Helen Lofthouse gives up bonus as exchange’s woes pile up
ASX chief executive Helen Lofthouse says she has given up her entire annual bonus to show she is taking accountability for the embattled market operator’s regulatory and operational failures, but is determined to steer the…