Pacific Perspectives
Core inflation rate slows to 3.2% in December, less than expected
Prices that consumers pay for a variety of goods and services rose again in December but closed out 2024 with some mildly better news on inflation, particularly on housing. The consumer price index increased a seasonally adjusted…
ASX to leap 1pc as Wall Street surges; Rio production growth flat
Australian shares are poised to jump more than 1 per cent as US stocks surged on record profits at four of America’s largest banks, and as US consumer prices cooled, easing concern about inflation. ASX…
Telstra’s Vicki.ai a glimpse into the future of Australian business
Telstra’s decision to hive off its AI projects and staff at such a critical time will make other companies stand up and take notice. The big consulting groups and tech companies must be loving it.…
ASX to leap, Wall St surges on bank profits, rate cut bets
Australian shares are poised to rise as US stocks surged, reflecting near record profits at four of America’s largest banks and a further cooling in core US consumer prices last month. ASX futures were up…
Dow surges 700 points, S&P 500 posts best day since November after tame inflation report: Live updates
Stocks surged Wednesday after the latest consumer price index report showed core inflation unexpectedly slowed in December and major U.S. banks kicked off quarterly earnings reporting season with blowout results. The Dow Jones Industrial Average advanced 703.27 points, or…
Stocks making the biggest moves midday: Eli Lilly, Applied Digital, Boeing and more
Check out the companies making headlines in midday trading. Eli Lilly – The drugmaker’s shares tumbled 6.6% after the firm said demand for its weight loss and diabetes drugs would not meet its lofty expectations. Eli Lilly…
Telstra pins hopes on massive AI rollout with $700m Accenture deal
Telstra will spend $700 million rolling out artificial intelligence across its entire business in one of the biggest deployments of the technology by a major Australian company to date. The telecommunications giant will bring in…
Bond turmoil won’t derail RBA’s rate cut plan
A global bond rout is complicating the task of central banks trying to cut interest rates, but analysts say it is unlikely to derail the plan of the Reserve Bank of Australia to lower borrowing…
ASX futures, US equities swing in choppy session
Australian shares are poised to edge up after having fluctuated back and forth between positive and negative overnight in line with Wall Street as investors await the release of US December CPI early on Thursday…
Dow rises more than 200 points on Tuesday after wholesale inflation report comes in light: Live updates
The Dow Jones Industrial Average rose on Tuesday as traders weighed a lighter-than-expected producer price index report. The 30-stock Dow gained 221.16 points, or 0.52%, to close at 42,518.28. The S&P 500 advanced 0.11% to 5,842.91, while the tech-heavy Nasdaq Composite slipped 0.23% to end…