Pacific Perspectives
Nvidia CEO Jensen Huang sells an additional $12.94 million worth of shares
Nvidia CEO Jensen Huang sold 75,000 shares on Friday, valued at about $12.94 million, according to a filing with the U.S. Securities and Exchange Commission. Friday’s sale is part of a plan adopted in March for Huang to…
The big (but not necessarily beautiful) bet against the Aussie dollar
For the first time industry super funds now have more money allocated to currency-unhedged international equities than they have invested in the Australian sharemarket. Australian holidaymakers have intuitively known how to value our dollar since…
S&P 500, Nasdaq rallies run out of steam
The rally that has propelled both the S&P 500 and the Nasdaq Composite to a series of record highs ran out of steam on Friday (Saturday AEST) amid mixed earnings reports and falling bond yields.…
ASX to dip; AMP Super’s first positive flows since 2017
Australian shares are expected to open lower on Monday, with futures pointing to a 0.4 per cent drop for the S&P/ASX 200, trimming some of last week’s 2.1 per cent gain – the local market’s…
Stock futures are little changed as traders await big tech earnings, eye trade developments: Live updates
U.S. stock futures were little changed Sunday night as investors tracked the latest developments on trade, and awaited the start of big tech earnings this week. Dow Jones Industrial Average futures fell by 27 points,…
Tesla’s change in bylaws to limit shareholder lawsuits slammed by New York state officials
In May, Tesla changed its corporate bylaws in a way that would require investors to own 3% of the stock, today worth about $30 billion, in order to file a derivative lawsuit against the company for breach of fiduciary…
Santos’ $6.1b gas project on track as investors await bid news
Positive progress on two new oil and gas projects and better-than-expected quarterly sales have buoyed takeover target Santos despite a marginal downgrade to full-year production. Santos, the subject of a $36.4 billion takeover bid led…
These stocks are set to join the ASX buyback boom
CSL, Wesfarmers and JB Hi-Fi are expected to join a record wave of Australia’s largest companies that are opting to buy back shares on the ASX, as boards become much more risk-averse under a Trump…
‘Investors wake up!’: Bond king’s dire warning on Trump v Powell
The whole “will he, won’t he” pantomime that US President Donald Trump has created around the future of Federal Reserve chairman Jerome Powell is exactly the sort of thing Trump loves. It keeps his enemies…
Stock futures are little changed after earnings, economic data lift S&P 500 to records: Live updates
Stock futures were little changed on Thursday after a batch of earnings and economic reports pushed the S&P 500 to a record close. S&P 500 futures traded at the flatline, while Nasdaq 100 futures inched up 0.01%. Futures linked to…