Pacific Perspectives
Tesla shares close at record high, boosted by 69% pop since Trump election victory
Tesla shares jumped to an all-time high on Wednesday, surpassing their prior record reached in 2021, sparked by a post-election rally and Wall Street’s increased enthusiasm for Elon Musk’s electric vehicle company. The stock rose to a closing…
ASX to rise, Orora sells unit for $1.7b
The Australian sharemarket is set to open higher after US inflation data all but cemented a rate cut by the US Federal Reserve next week. ASX futures are up 41 points, or 0.5 per cent,…
Australia needs a dose of Javier Milei’s Argentine capitalism
Australia is sleepwalking to stagnant living standards unless we adopt an agenda that restrains government and allows the private sector to flourish, writes John Kehoe. As Australia grapples with a stagnant private sector, sticky inflation…
Why Apple’s rally is a ‘head-scratcher’ for investors
Apple has the slowest revenue growth among Big Tech stocks and is facing tariff-related risks going into Donald Trump’s second term in the White House. None of that is holding back the stock. The shares…
Nasdaq surges for first close above 20,000, lifted by Alphabet shares: Live updates
The Nasdaq Composite surged Wednesday after November’s inflation report met economists’ projections, clearing the way for the Federal Reserve to cut interest rates again at its December meeting next week. The tech-heavy index rose 1.77% to end…
The CPI report Wednesday is expected to show that progress on inflation has hit a wall
A key economic report coming Wednesday is expected to show that progress has stalled in bringing down the inflation rate, though not so much that the Federal Reserve won’t lower interest rates next week. The…
PNG PM’s big hopes for delayed LNG project
The cost of Santos’ proposed Papua LNG venture blew out by 50 per cent to $US18 billion before it was paused earlier this year to rework the design, according to Papua New Guinea Prime Minister…
ASX to slip, ASIC sues collapsed Rex for lack of disclosure
Australian shares are poised to open lower, reflecting weakness in New York as investors await key US inflation data, which could disrupt expectations of a quarter point rate cut from the Federal Reserve next week.…
Bond traders eye back-to-back rate cuts
Bond traders have aggressively ramped up bets for back-to-back rate cuts early next year after the Reserve Bank of Australia said it was gaining some confidence that inflation was moving sustainably towards its target. At…
Dow falls more than 150 points to notch four losing days as year-end rally takes a breather: Live updates
Stocks fell on Tuesday as traders digested a year-end rally to record levels. They also awaited new U.S. inflation data set for release this week. The S&P 500lost 0.3% to end at 6,034.91, and the…