Pacific Perspectives
Why investors should get used to big swings in bank shares
A correction in bank stocks may have further damage to inflict on share prices as analysts contemplate lowering their earnings projections to capture the toll of official interest rate cuts on bank profits. The S&P/ASX…
Resilient stock market finally succumbs to pressure from economic worries and Trump policy flux
A new movie due out next month called “Novocaine” is about a guy unable to feel pain. This is a kind of superpower, right up to the point where it becomes a keen danger, leaving…
Amazon surpasses Walmart in revenue for the first time
Amazon has dethroned Walmart in quarterly revenue for the first time ever. Amazon said earlier this month that it brought in $187.8 billion in revenue during the fourth quarter. That beat Walmart’s sales for the period, which came in at…
Transurban looks to NZ, US after $15m interim net loss
Transurban boss Michelle Jablko says the toll road group is considering opportunities in New Zealand after legal costs ate into interim profits, pushing the company into a $15 million net loss. The New Zealand government…
Investors dump iron ore stocks as big miners enter a new era
The major producers are posting lower profits and slashing dividends. The pattern is expected to accelerate as a new wave of iron ore supply hits prices. Investors are preparing for a new era of slumping…
ASX faces worst profit season in two years as banks sell off
The Australian sharemarket is on track to record its worst performance during an earnings season in two years after major bank stocks were punished for failing to meet sky-high expectations. The benchmark S&P/ASX 200 Index…
Fed officials are worried about tariffs’ impact on inflation and see rate cuts on hold, minutes show
Federal Reserve officials in January agreed they would need to see inflation come down more before lowering interest rates further, and expressed concern about the impact President Donald Trump’s tariffs would have in making that happen,…
Fed officials are worried about tariffs’ impact on inflation and see rate cuts on hold, minutes show
Federal Reserve officials in January agreed they would need to see inflation come down more before lowering interest rates further, and expressed concern about the impact President Donald Trump’s tariffs would have in making that happen,…
Before the Bell: ASX to fall; Rio Tinto, Telstra, Transurban in focus
Australian shares are poised to open lower for the fourth consecutive day, despite US equities resetting a record high in their previous session. Futures were little changed after a wave of corporate results from ANZ,…
RBA rate caution ‘rubbish’ with more cuts to come
Bond managers are betting as many as three more rate cuts from the Reserve Bank of Australia this year, dismissing governor Michele Bullock’s more cautious stance after the central bank cut rates for the first…