Pacific Perspectives
Telstra swoops on Microsoft boss to steer AI push
Telstra chief executive Vicki Brady says Microsoft’s growing investments in artificial intelligence and cloud computing were a key factor in her surprise decision to poach the US software group’s Australia managing director to run the…
Transurban says it’s end of the road for 7pc of workforce
Transurban boss Michelle Jablko will slash 7 per cent of the workforce in a bid to reduce costs, becoming the latest in a string of infrastructure firms reducing headcount. The job losses come after Jablko…
ASX to rejoice, Nasdaq up 4pc in global relief rally; iron ore soars
UPDATED: A dizzying relief rally for US equities is set to flood the Australian sharemarket after US President Donald Trump pulled back from his trade war with China. ASX 200 futures are pointing up 1.2…
Stock futures are flat after big rally, key inflation report on deck: Live updates
Stock futures were little changed in overnight trading following a big rally, as investors look ahead to a key inflation report Tuesday morning. Futures on the Dow Jones Industrial Average inched up 24 points. S&P 500 futures and Nasdaq 100…
Top Wall Street analysts suggest these 3 stocks for solid growth potential
The U.S. Federal Reserve recently announced its plan to keep interest rates steady, cautioning, “uncertainty about the economic outlook has increased further.” It noted that the risk of higher unemployment and elevated inflation have risen. Indeed,…
ASX walks tightrope; Telstra poaches Microsoft Australia CEO
The Australian sharemarket is hanging in the balance as investors await further news of the US-China negotiations over tariffs. Futures are indicating the S&P/ASX 200 will rise 0.2 per cent, or 16 points, at the…
‘It’s like a marriage’: Inside Telstra and Accenture’s AI reinvention
elstra’s bold new $700 million artificial intelligence joint venture with global consulting group Accenture, which kicked off at the start of last month, now has some 1200 people working from offices in Australia and India…
ASX rebound faces reality check as inflation anxiety returns
Investment strategists warn Australian shares remain delicately poised following a stunning rebound over the past month as investors face the dual threat of a flare-up in US President Donald Trump’s trade war and a re-acceleration…
Dow futures jump 400 points as traders await details on U.S.-China trade deal: Live updates
U.S. stock futures jumped Sunday night after the Trump administration announced a “trade deal” with China following negotiations over the weekend in Switzerland. Dow Jones Industrial Average futures rallied 408 points, or 1%. S&P 500 and Nasdaq-100 futures climbed 1.1%…
Coinbase shares fall after first-quarter revenue misses Wall Street estimates
Coinbase shares fell as first-quarter revenue came in shy of Wall Street’s expectations, despite the growth in stablecoin revenue. In the quarter ended March 31, Coinbase earned $65.6 million, or 24 cents per share, down from…