Pacific Perspectives
Short sellers ditch CBA as sell-off doubts mount
Hedge funds have started to throw in the towel betting on a long-awaited correction in Commonwealth Bank shares as Australia’s largest bank continues to defy market expectations for an imminent sell-off. Despite a wobble during…
Dow closes nearly 500 points higher, S&P 500 surges over 1% on hopes for Trump tariff concessions
Stocks rose on Wednesday, staging a recovery rally after back-to-back losses as investors hoped that an exemption for automakers to President Donald Trump’s controversial tariffs opened the floodgates for more concessions. The Dow Jones Industrial Average rebounded…
Stocks making the biggest moves midday: Best Buy, Walgreens Boots Alliance, Tesla, Okta and more
Check out the companies making headlines in midday trading: Okta — Shares surged 24% after the cloud software firm posted a fourth-quarter earnings and revenue beat. Okta reported adjusted earnings of 78 cents per share on…
Bumper pub sales not enough to save Endeavour from profit pain
Endeavour says profit fell by more than expected across its pubs and liquor stores as the hospitality giant confirmed it would appoint Ari Mervis executive chairman as a search for a permanent chief executive drags…
Markets rattled as Trump doubles down on tariff threats
Traders reacted swiftly to US President Donald Trump’s declaration that he would push through with new tariffs on Mexico and Canada and an extra levy on China, dumping everything from stocks to bitcoin amid concern about the…
ASX faces dividend ‘horror story’ as companies slash payouts
Australian companies plan to distribute the lowest amount of dividends since the pandemic ravaged markets four years ago, raising concerns that income-starved investors will have less cash to deploy into volatile equity markets in the…
Stagflation fears bubble up as Trump tariffs take effect and the economy slows
A growth scare in the economy has accompanied worries over a resurgence in inflation, in turn potentially rekindling an ugly condition that the U.S. has not seen in 50 years. Fears over “stagflation” have come…
Stocks making the biggest moves midday: Intel, Nvidia, AppLovin and more
Check out the companies making headlines in midday trading: Intel — Shares declined 4.2%. Earlier in the day, shares rose more than 2% after Reuters, citing two sources familiar with the matter, reported that chipmakers Nvidia…
Accenture and Telstra sign AI joint venture deal
Accenture and Telstra have formally signed a $700 million joint venture deal to create a new company to roll out artificial intelligence across the telco. The new joint venture, which begins operating from April, will…
These are the next three ways Trump could rock global markets
It’s somehow fitting that the Financial Review Business Summit should celebrate its 10th anniversary as Donald Trump blows up the established world order. This event has become a sort of magnet for seismic moments. In 2020, the…