Pacific Perspectives
Meta and Microsoft pop as investors double down on AI hopes
Mark Zuckerberg is talking up artificial superintelligence, and investors are loving it. According to one of Wall Street’s most influential analysts, the quarterly earnings calls of Meta and Microsoft will go down in history as…
Aussie dollar tumbles as the Fed and RBA diverge on rates
It’s been a tough month for the Australian dollar after the US Federal Reserve dampening hopes for interest rate cuts and a string of hurried trade deals kept financial markets on edge. The currency dropped…
ASX to fall; RedMed beats in 4Q, Downer secures $200m Defence deal
Australian shares are set to open down as a raft of tariff statements and letters from US President Donald Trump extend his chaotic trade policy shift. Trump granted a 90-day reprieve to Mexico, America’s largest…
S&P 500 futures are little changed as traders await big jobs report: Live updates
S&P 500 futures were little changed on Thursday night as traders digested the latest Big Tech earnings and awaited July’s jobs report. Futures tied to the broad market index were down 0.1%, while Nasdaq 100 futures slipped 0.2%. Futures…
U.S. economy grew at a 3% rate in Q2, a better-than-expected pace even as Trump’s tariffs hit
The U.S. economy grew at a much stronger-than-expected pace in the second quarter, powered by a turnaround in the trade balance and renewed consumer strength, the Commerce Department reported Wednesday. Gross domestic product, a sum…
Meet the tiny Aussie fund swept up in Wall St’s meme stock frenzy
Savana Asset Management turned a 64 per cent loss into profit in a matter of days as one of its riskiest stock picks was targeted by social media traders. When Samuel Atkinson woke up last…
Three RBA rate cuts priced by year-end as inflation slows
Money markets have regained confidence that the Reserve Bank of Australia will cut the cash rate three more times this year after a favourable inflation print, which fund managers say will lure more foreign money…
ASX to slip as Fed disappoints; Microsoft, Meta jump
Australian shares are poised to fall. US equities tumbled sharply after Federal Reserve chairman Jerome Powell signalled he’s unconvinced of a pressing need to cut rates. The S&P 500, coming off its best streak of…
S&P 500 futures rise after Meta and Microsoft post quarterly beats: Live updates
S&P 500 futures and Nasdaq 100 futures rose on Wednesday night following solid earnings reports from tech titans Microsoft and Meta Platforms. S&P 500 futures jumped 0.7%, and Nasdaq 100 futures climbed 1%. Futures tied to the Dow Jones…
Stocks making the biggest moves after hours: Starbucks, Visa, Teladoc, LendingClub and more
Check out the companies making headlines in extended trading: Starbucks — The coffee chain’s shares added 3% in extended trading after revenue for the fiscal third quarter came in higher than expected. Starbucks posted revenue of $9.46 billion,…