Pacific Perspectives
ASIC slams insurers for gaping holes in complaints systems
The country’s largest insurance companies will be forced to invest more on staff and technology systems after the corporate regulator identified widespread problems dealing with angry customers. Insurers had failed to identify one in every…
Dow tumbles more than 260 points for 9-day losing streak, its longest since 1978: Live updates
The Dow Jones Industrial Average entered the history books Tuesday with its first nine-day losing streak since 1978. The 30-stock average slid 267.58 points, or 0.61%, to settle at 43,449.90. The S&P 500 lost 0.39% and closed at 6,050.61,…
Nvidia falls into correction territory, down more than 10% from its record close
Nvidia shares slumped on Monday, putting the AI chip darling officially in correction territory even as the rest of the Nasdaq Composite rose to a record. The chipmaker and de facto artificial intelligence trade has rallied…
What economists think about the RBA’s board shake-up
The Reserve Bank of Australia’s two newly appointed board members have had a mixed reaction from economists amid uncertainty as to how the changes will shape the future direction of interest rates. Australian National University…
‘Instant gratification’ investors drive 14pc fall in data centre float
A sell-down by so-called instant gratification investors, disappointed by initial trading in the newly launched DigiCo Infrastructure REIT, sent shares crashing in the data centre landlord for the second day in a row on Monday.…
ASX to slip, Tesla surges 6pc, bitcoin hits record $US107,000
Australian shares are poised to open lower. Tesla surged another 6 per cent and Google parent Alphabet advanced 3.5 per cent, lifting the Nasdaq Composite and S&P 500. The Nasdaq closed at a record high.…
MicroStrategy’s Michael Saylor says bitcoin is ‘cyber Manhattan’ — a ‘good investment’ even at the top
Points Michael Saylor compared bitcoin to New York City and its economy on Monday as the cryptocurrency rose to fresh records, calling it “cyber Manhattan.” “We’ll just keep buying the top forever, every day is a good…
Amazon and the endangered future of the middle manager
Points Amazon CEO Andy Jassy’s note sent this fall to employees about corporate culture drew headlines for his five-day-in-the-office mandate. But Jassy’s messaging on an increased ratio of individual contributors to managers raises a much bigger question about organizational…
Risk paid, bears stayed – market tips for 2025
From equities to cryptocurrencies, financial markets defied naysayers in 2024. But as the curtain starts to fall on the year, where to from here? As the curtain falls on 2024, one thing is clear: the…
ASX to fall, Santa rally on hold as Federal Reserve mulls Trump 2.0
Traders have slammed the brakes on the sharemarket’s Santa rally, concerned higher tariffs promised by US president-elect Donald Trump could slow the pace of interest rate cuts from the Federal Reserve. Last week, US markets slipped…