Pacific Perspectives
UBS says the market is too pessimistic about Fortescue after 11pc fall
The surprising resilience in iron ore prices despite an uncertain outlook for the key steelmaking ingredient has brokers at UBS reconsidering their outlook for Fortescue, one of the country’s largest producers. In a note to…
These are the four big roadblocks to a proper ASX bounce back
Strategists at Morgan Stanley are warning there are a number of big risks to a market rebound after recession fears in the United States triggered a major slide in global shares, sending the ASX to…
The probability of a recession is approaching 50%, Deutsche markets survey finds
Chances that the U.S. is heading for a recession are close to 50-50, according to a Deutsche Bank survey that raises more questions about the direction of the U.S. economy. The probability of a downturn…
It’s time to buy when markets reach ‘peak uncertainty.’ Are we there yet?
Every investor knows, or should, that the moment of maximum uncertainty is a time to buy. The only trick, then, is discerning when we’ve reached peak uncertainty. The stifling lack of clarity about the breadth…
Hacker claims Oracle breach, sending business and agencies scrambling
A rollcall of Australia’s biggest companies and government departments scrambled on Sunday to check the security of their technology systems, after a hacker claimed to have stolen important credentials by breaching cloud computing provider Oracle.…
ASX to slip before budget, US tariffs jitters
The Australian sharemarket will open weaker on Monday as investors brace for the federal budget and more uncertainty about US President Donald Trump’s tariff agenda. The S&P/ASX 200 futures indicate the index will decline 41…
Private versus public markets? The debate is just heating up
The number of ASX-listed companies is falling due to fewer IPOs and more de-listings. The ratio is pretty stark, but ASIC thinks it’s too early to call this a structural trend. I think it’s perplexing…
S&P 500 ekes out a gain Friday, snaps four-week losing run: Live updates
The S&P 500 inched higher on Friday, ending four consecutive weeks of declines that were brought on by trade policy turmoil, recession fears and a rollover in megacap tech shares. The S&P 500 added 0.08%,…
Nvidia CEO Huang says he was wrong about timeline for quantum, surprised his comments hurt stocks
Nvidia CEO Jensen Huang on Thursday walked back comments he made in January, when he cast doubt on whether useful quantum computers would hit the market in the next 15 years.He made the comments at…
After 43 years, local tech pioneer NetComm heads for the scrapheap
The 43-year-old company behind Australia’s first dial-up modem is close to a final shutdown after its Nasdaq-listed owner filed for bankruptcy less than a year after a last-ditch acquisition saved it from the scrapheap. NetComm…