Pacific Perspectives
War stocks rocket as markets prepare for ‘defence supercycle’
Australian investors are jumping on board the blistering rally in global war stocks, betting that a supercycle in defence spending could usher in a new era of market leadership that replaces Wall Street’s technology behemoths.…
Investors take profits on two of last year’s hottest trades
They were two of the hottest trades of 2024 that were tipped to soar under a Donald Trump presidency. That optimism pushed bitcoin beyond $US100,000, and gold prices towards the historic $US3000 an ounce as…
S&P 500 ekes out gain on Wednesday, ending four-day run of losses: Live updates
The S&P 500 eked out a gain on Wednesday, snapping a four-day run of losses. The broad market index advanced 0.01% to close at 5,956.06. The Dow Jones Industrial Average dropped 188.04 points, or 0.43%, to end at 43,433.12.…
Eli Lilly is selling higher-dose vials of Zepbound at a lower price to boost weight loss drug access
Eli Lilly on Tuesday released higher doses of its weight loss drug Zepbound in single-dose vials at as much as half its usual monthly list price to reach more patients without insurance coverage for the blockbuster…
What we learnt: Telstra’s mobile dominance is making investors say OMG
Telstra gets its balancing act right, Wesfarmers deregulates itself, Transurban goes for growth and Fortescue struggles to get its shiny new project up and running. The big result | There’s a little bit of Commonwealth Bank…
Why alarm bells are ringing for the sharemarket
The relentless rise in equities to record highs this year from the US to Australia has triggered some technical indicators that suggest markets may be on the cusp of a major correction, brokers warn. Volatility…
The ASX really is shrinking but it’s not unprecedented, research finds
More companies left the ASX in the past two years than at any similar period since the recession of the early 1990s, according to an academic paper authored for the corporate regulator that concludes this…
S&P 500 slides for a fourth day after consumer confidence data disappoints, Nasdaq drops 1%: Live updates
The S&P 500 fell for a fourth consecutive session on Tuesday as traders weighed concerns around economic growth and global trade. The broad market index slipped 0.47%, closing at 5,955.25. The Nasdaq Composite dropped 1.35% to end the day…
Ron Insana: Market risks are rising, and it might be time to sell the rallies
Legendary investor Warren Buffett is sitting on a record $334 billion in cash, but he hasn’t said why his cash position is so large. Hedge fund manager Steve Cohen recently said that the Trump administration’s tariffs and large-scale budget cuts…
Traders are lining up hedges before pivotal Nvidia earnings
Even before Friday’s sell-off jolted the US sharemarket out of its calm, some traders were preparing for unrest. While the benchmark S&P 500 Index was hovering near an all-time high and the Cboe Volatility Index…