Pacific Perspectives
Why this fundie doesn’t mind a bruising fight to boost returns
Sandon Capital founder Gabriel Radzyminski is in the throes of hand-to-hand combat with the board of Southern Cross Austereo. As an activist investor, Radzyminski has made a living by buying into companies that he believes…
ASX to slip; Kerri Hayman exits Domino’s; New Hope trims guidance
The Australian sharemarket is set to snap its longest winning streak since August and traders will be watching for any outsized market reaction to Moody’s move to strip the US of its AAA credit rating.…
Investor groups urge Labor not to extend tax on unrealised gains
Labor has been urged by investor groups to definitively rule out extending its taxation of unrealised gains on high-value superannuation funds to other investments outside of super including real estate, family trusts and farms. The…
S&P 500 rips higher by more than 20% as animal spirits awaken in six-week market comeback
I can’t be the only parent of college-age kids who routinely texts them, “Have fun. Not too much.” This roughly captures the recent market moment. Investors have loosened up and are deservedly enjoying the resounding…
Nvidia owned $900 million in CoreWeave stock as of March, filing shows
After popping this week, CoreWeave shares are up about 65% since the company’s IPO earlier this year. Nvidia is a big beneficiary. Nvidia owned nearly $900 million worth of shares in CoreWeave at the end of March,…
Telstra seeks buyer for MTData subsidiary; hires corporate adviser
Telstra has put its in-vehicle fleet management and monitoring software and hardware provider, MTData, up for sale and hired PwC Corporate Finance to find a buyer. The $52 billion telco is seeking to divest the…
Market sticks with rate cut next week despite job surge
Bond traders are sticking with their view that the Reserve Bank of Australia will still cut interest rates next week, despite Thursday’s surprising blowout jobs report which poses a risk to inflation. Uncertainty surrounding Donald Trump’s global…
ASX to jump on rate cut hopes; Fletcher Building Australia CEO exits
Australian shares are tipped to rise 1 per cent after economic data in both Australia and the US supported expectations that central banks are gearing up to cut interest rates. ASX futures are pointing up…
Stock futures are little changed after S&P 500 extends rally for a fourth day: Live updates
Stock futures traded near the flatline Thursday night after the S&P 500 posted a four-day rally on the back of U.S. and China’s temporary tariff cuts and encouraging inflation reports. Futures tied to the Dow…
Steve Cohen says stocks could retest their April lows, sees a 45% chance of recession
Steve Cohen said Wednesday he sees the possibility that stocks could retest their lows from April following the market’s dramatic comeback. “I don’t expect, you know, a significant decline. I think this is possible we…