Pacific Perspectives
Microsoft laying off about 9,000 employees in latest round of cuts
Microsoft said Wednesday that it will lay off about 9,000 employees. The move will affect less than 4% of its global workforce across different teams, geographies and levels of experience, a person familiar with the matter…
Stock futures are little changed as Wall Street awaits June jobs report: Live updates
U.S. stock futures were little changed on Wednesday night as traders braced for June’s big jobs report. S&P 500 futures were fractionally higher, while Nasdaq 100 futures traded near flat. Futures tied to the Dow Jones Industrial Average rose 29…
Markets see signs ‘cost-of-living crisis’ is finally coming to an end
The country’s big retailers are finally pulling out of a long post-pandemic slump and could become some of the best-performing stocks this year as intense pressure on family budgets becomes a thing of the past.…
Tesla sales fall 13pc, putting car maker on course for annual drop
Tesla shares jumped after the car maker posted a less drastic decline in vehicle sales than the most pessimistic analysts feared. The company delivered 384,122 vehicles during the past three months, down 13 per cent…
Dow jumps 400 points, S&P 500 closes flat to start new quarter as investors rotate out of tech
The Dow Jones Industrial Average climbed on Tuesday as investors rotated out of technology stocks to kick off the second half of 2025. Investors were also weighing the latest developments with President Donald Trump’s giant tax and spending…
ASX to rise, Dow extends rally, Tesla slide stalls S&P 500
Australian shares are set to open higher, tracking gains in the Dow, but investors will be wary of Elon Musk and Donald Trump’s renewed feud over the US president’s signature tax bill. Tesla shares slumped…
US dollar’s rapid demise sends the $A rocketing to year high
Doubts about the US dollar’s status as the world’s safe-haven currency have plunged the greenback to its worst start to the year since 1973 and sent the Australian dollar rocketing to its highest level in…
Investors await CBA correction to kickstart mining resurgence
A major rotation in Australia’s sharemarket is expected this financial year as investors finally cash in on the dazzling rally in bank stocks led by Commonwealth Bank to chase a long-awaited resurgence in the beaten-down…
Stock futures are flat after investors sell tech names to start the second half of 2025: Live updates
Stock futures were little changed on Tuesday evening, after investors began the second half with a reduced appetite for technology stocks. Futures tied to the Dow Jones Industrial Average added 10 points. S&P 500 futures were marginally higher, while Nasdaq 100 futures advanced…
U.S. stocks are at record highs, but the outlook for the world’s largest economy is no clearer
U.S. stocks have strongly rebounded after a rough start to the year, even as the outlook for the world’s largest economy and its interest rates remains as uncertain as ever. Economic modeling is “very difficult”…