Pacific Perspectives
ASX to fall; Dollarama snaps up The Reject Shop for $259m
Australian shares are set to open lower as renewed angst about US President Donald Trump’s trade policies reversed a rebound in US mega-cap technology shares in New York. ASX 200 futures were 37 points, or…
Traders temper bets on RBA rate cuts after pre-election budget
Financial markets have dialled back expectations of rate cuts by the Reserve Bank after Tuesday’s budget showed a return of deficits for years to come. Traders imply rate cuts totalling 65 basis points over the…
AustralianSuper sells $580m stake in WiseTech, takes swipe at board
AustralianSuper has sold its entire $580 million stake in WiseTech Global and accused the logistics software giant run by billionaire Richard White of failing to meet its expectations of proper corporate governance. White returned as…
Dow closes more than 100 points lower, S&P 500 drops 1% as traders brace for new auto tariffs: Live updates
Stocks dipped on Wednesday, led lower by tech, as pressure on the tariff front mounted. The S&P 500lost 1.12% and ended at 5,712.20, while the Dow Jones Industrial Averagefell 132.71 points, or 0.31%, to close…
How the bucketing strategy protects retiree portfolios during a market downturn, experts say
After a volatile month for the stock market, many retirees are eager to find ways to protect their nest egg from future dips. Despite the stock market rally on Monday, there’s lingering uncertainty as investors…
Endeavour’s Ari Mervis reviews BWS owner’s sprawling operations
Endeavour executive chairman Ari Mervis is undertaking a major review of the owner of Dan Murphy’s liquor stores and hundreds of pubs which could ultimately lead to the break-up of the hospitality company. Mervis joined…
Super funds ‘stomach the volatility’ until equities rebound
Hostplus CIO Sam Sicilia is preparing for a sharp bounce in equity markets, while AustralianSuper’s Mark Delaney hasn’t touched his portfolio. Australia’s largest investors have resisted the temptation to flee into safer assets such as…
S&P 500 ekes out a gain Tuesday to post third winning session: Live updates
The S&P 500 posted a slim gain on Tuesday as investors built on the previous session’s gains, which were largely sparked by hopes of U.S. tariffs being narrower in scope. The broad market index added 0.16% to…
Stocks making the biggest moves midday: Tesla, AZEK, Visa, Boeing and more
Check out the companies making headlines in midday trading: Tesla — The electric vehicle maker popped nearly 12%, making it the top performer in the S&P 500. The megacap tech stock and retail investor favorite is…
Australian investors may have made a big mistake
While the ASX has followed Wall Street lower, there are important differences between the two markets that investors have been too ready to overlook. Everyone likes to be in with the cool crowd, so it’s…