Pacific Perspectives
What the US Fed raising rates means for Australia
The Fed and RBA are marching in lockstep on rates, according to the bond market. But traders can’t work out which economy will break under the pressure first. The US Federal Reserve has its hiking…
Investors say BHP emissions surge shows policies not working
Big investors say federal fuel tax and climate policies have distorted the market and encouraged BHP and Rio Tinto to extend the lifespan of diesel trucks rather than use their purchasing power to drive earlier…
A stronger dollar and rising yields: How the Fed’s rate hike could hit global markets
The U.S. Federal Reserve is tightening monetary policy, and the effects are likely to be felt far beyond the American shores. The Fed on Wednesday raised interest rates for the first time since July 2023…
Amazon obtains right to buy stock in Generac, boosting power company’s share price by over 40%
Amazon was granted warrants to purchase up to $340 million worth of Generac stock, sending shares of the backup power provider soaring more than 40% in extended trading on Wednesday. As part of the agreement, Generac said in a securities filing that…
TribecTribeca’s Ben Cleary unleashes email tirade at activist investor
One of the country’s best-known resources investors, Tribeca Investment Partners director Ben Cleary, has unleashed a tirade on a rival fund manager after he declined to share his views about an ASX-listed minnow. In an…
Markets prepare for a world where the RBA lifts rates three more times
Oil prices are hovering near three-year highs, instability in the Middle East shows no sign of ending and the Reserve Bank of Australia is struggling to bring inflation down to its target – but could…
US equities tumble on bleak rate, inflation outlooks
Australian stock futures are pointing to a sharp opening drop in line with heavy losses in New York. US markets turned negative after Federal Reserve economic projections showed that policymakers expect inflation to hold above…
Dow drops 600 points as Fed rate hike and Warsh’s inflation talk unnerve investors
The Dow Jones Industrial Average fell on Wednesday after the Federal Reserve hiked interest rates for the first time in three years and central bank Chairman Kevin Warsh highlighted persistent inflation. The 30-stock Dow lost 631.21 points, or 1.21%…
Stocks making the biggest moves midday: Skyworks Solutions, Axon, Dave & Buster’s, Revvity & more
Check out the companies making the biggest moves midday: Skyworks Solutions, Qorvo — The chipmakers’ stocks popped, recovering from a sell-off in the previous session driven by safety concerns around the artificial intelligence trade. Shares of Skyworks…
After Heidi and Lyrebird, a new medical AI player courts investors
Artificial intelligence-powered medical businesses are riding high on the success of the sector’s soon-to-be unicorn, Heidi Health, with a three-year-old local rival courting investments from the country’s top medics. Sydney’s Medow Health AI has raised…