Pacific Perspectives
Dow ekes out small gain in thin holiday trading, rising 5 days in a row: Live updates
The Dow Jones Industrial Average erased earlier losses and squeezed out a small gain in thin trading Thursday after the market’s strong back-to-back gains at the start of the holiday week. The blue-chip Dow closed the day…
Nvidia sees ‘remarkable’ influx of retail investor dollars as traders flock to AI darling
As Michael MacGillivray saw artificial intelligence becoming more ubiquitous in everyday life, the 25-year-old wanted his investments to reflect that. It didn’t take long to figure out how he wanted to play the trend. “Whenever…
The Fed’s humiliating reversal is toxic for stocks
There is very bad news for risky assets in the humiliating policy reversal that a politically compromised US Federal Reserve has had to effect since the November presidential election. And the clear signal is in…
Lithium piles up at IGO’s WA refinery as demand slows
IGO is struggling to find customers for its lithium hydroxide, as dismal prices cause the battery material to pile up at its Western Australia processing plant. The lithium and nickel miner on Monday warned that…
Soft wages, growth revive chances of first RBA rate cut in February
The Reserve Bank of Australia has signalled it could be ready to cut interest rates as soon as February if inflation and unemployment data meet or come in softer than expectations, bolstering the Albanese government’s…
Biggest banks sue the Federal Reserve over annual stress tests
A group of banks and business groups are suing the Federal Reserve over the annual bank stress tests. The Bank Policy Institute, which represents big banks like JPMorgan, Citigroup and Goldman Sachs, is joining the American Bankers Association, the…
MicroStrategy rides ‘red sweep’ to 477% gain in 2024, topping almost all U.S. stocks
On the eve of MicroStrategy’s stock market debut in June 1998, founder Michael Saylor stayed in a penthouse suite at the Lotte New York Palace in Midtown Manhattan. Saylor, who was 33 at the time, says it was…
Power findings show ‘failure of privatisation’: SA energy minister
The Australian Energy Regulator’s findings that large power generators may be artificially pushing up prices for consumers at peak periods represents a failure of the privatisation of the sector, South Australian Energy Minister Tom Koutsantonis…
‘Significant risk’ Australian inflation might stop falling: IMF
The International Monetary Fund has warned of a significant risk that inflation will stop falling due to the strong jobs market and rapidly rising public sector demand, and called for spending restraint across all tiers…
ASX records best session in six months, as bank, property stocks rally
The Australian sharemarket recorded its best single session in six months on Monday as bargain hunters piled in, snapping up banks and property stocks after a bout of heavy selling last week. The benchmark S&P/ASX…