Pacific Perspectives
We’re witnessing the demise of the equity-raising golden child
Fourteen years after Origin Energy supposedly changed Australian equity raisings for good, the much-vaunted PAITREO is on its deathbed. We’ve heard all the excuses why: markets are too volatile, timetables are too long, retail sub-underwriting…
These 15 ASX stocks could see wild share price swings in profit season
The bulls just can’t be stopped. Only five days after we got confirmation of the cracks in the US labour market, Wall Street is marching higher, and so is the ASX 200, which took out another…
ASX to fall, Wall St pushes higher, oil slides
Australian shares are set to open lower. Wall Street advanced, helped by a more than 5 per cent surge in Apple on reports that the iPhone has eased tensions with the Trump administration. The White…
S&P 500 closes higher Wednesday as Apple lifts market: Live updates
Stocks rose Wednesday, thanks to a jump in Apple, as investors analyzed the latest batch of corporate earnings. The S&P 500 gained 0.73% to close at 6,345.06, while the Nasdaq Composite advanced 1.21% and settled at 21,169.42. The Dow Jones…
Snap shares plummet 15% after weak second-quarter revenue metric
Snap shares tanked more than 15% Tuesday when it reported second-quarter earnings in which global average revenue per user missed expectations. Here is how the company did compared with Wall Street’s expectations: Source: https://www.cnbc.com/2025/08/05/snap-q2-earnings-report-2025.html
Pinnacle chief laments ‘tragedy’ of funds that can’t sell themselves
Pinnacle founder and managing director Ian Macoun says fund managers are growing to appreciate how crucial sales and distribution is for their business after his company delivered another record profit. The $5.2 billion ASX-listed investment…
L1 Capital draws investor backlash over Platinum Capital plans
L1 Capital says it plans to convert a listed investment company run by Platinum Asset Management into a global long-short vehicle after blocking a board proposal to change the structure to an exchange-traded fund. But…
ASX to rise; News Corp revenue hits $13.1b, REA record payout
Australian shares are poised to edge higher. Shares were modestly lower in New York after data on the US services sector disappointed, and oil fell after a report that Russia is set to propose an…
Stock futures are little changed as investors parse earnings reports: Live updates
Stock futures are near flat Tuesday night as investors analyzed the latest batch of corporate earnings. Dow Jones Industrial Average futures fell 19 points, or 0.1%. S&P 500 futures were little changed, while Nasdaq 100 futures ticked down 0.2%. In…
Tesla awards Musk $29 billion in shares with prior pay package in limbo
Tesla’s board has awarded CEO Elon Musk an interim pay package of 96 million shares, according to a filing out Monday, which would be worth about $29 billion. The company said in the filing that Musk’s new package will include shares that vest…