Pacific Perspectives
Tech buoys ASX; HMC Capital rallies
A rally in technology shares pushed the Australian sharemarket higher at noon, tracking strong gains on Wall Street after the S&P 500 notched its 56th record high this year. The benchmark S&P/ASX 200 Index edged…
Dow posts first close above 45,000; S&P 500 reaches new record as tech shares surge: Live updates
The S&P 500 and Nasdaq Composite scaled to record highs Wednesday, with tech shares leading the charge following strong reports from Salesforce and Marvell Technology. The broad market index gained 0.61%, closing at 6,086.49, while the tech-heavy Nasdaq advanced…
Stocks making the biggest moves midday: Tesla, U.S. Steel, FedEx, AT&T and more
Check out the companies making headlines in midday trading. U.S. Steel — Shares dropped 8% Tuesday, the day after President-elect Donald Trump said he would stop Japan’s Nippon Steel from buying the Pittsburgh steelmaker. The deal was first…
APA plots path from gas to become a Pilbara solar and batteries giant
APA Group says it hopes to expand its power generation portfolio in Western Australia’s Pilbara and commit to new investments within a year as it diversifies away from its core business of operating gas pipelines.…
Woolworths strike bill tops $50m as disruption spreads to Dan Murphy’s
Woolworths says two weeks of industrial action has cut $50 million in sales from its supermarket business as the retailer struggles to stock shelves. The shortages at stores spread from Woolworths to a second ASX-listed…
CBA warns $A to drop ‘materially’ in 2025
Commonwealth Bank has warned that higher tariffs threatened by US President-elect Donald Trump will turbocharge the greenback’s rally well into next year, threatening to knock the Australian dollar below US60¢. The Aussie dollar fell 0.6…
S&P 500 ticks higher for another record close on Tuesday: Live updates
The S&P 500 inched higher Tuesday, eking out another record close. The broad market index added 0.05%, ending at 6,049.88. The Nasdaq Composite advanced 0.40% to close at 19,480.91, hitting a new intraday record as Apple rose to a fresh 52-week…
Stocks making the biggest moves midday: Super Micro Computer, Tesla, Intel, Stellantis and more
Check out the companies making headlines in midday trading: Super Micro Computer — Shares advanced more than 30% after a special committee said it found “no evidence of misconduct” on the part of the artificial…
Telstra snaps up Boost Mobile, delivering Paul Keating a $40m payday
Former prime minister Paul Keating is in line for a payday of at least $40 million after the prepaid mobile phone business he co-founded with entrepreneur Peter Adderton was sold to sector giant Telstra. The…
ASX tops 8500 for the first time; Metcash leaps
The Australian sharemarket on Tuesday reset its all-time high for the third time in the past week, as gains in consumer-related stocks propelled the index above the 8500 mark for the first time. The S&P/ASX…