Pacific Perspectives
Telstra moves to overtake Optus in race to plug into Musk’s Starlink
Telstra is doubling down on its partnership with Elon Musk’s SpaceX, signing a new deal to let its customers in the bush send text messages via the billionaire’s Starlink satellite technology. The telco announced on…
ASX, $A to rise, bitcoin slumps to two-week low
The Australian sharemarket is poised to open modestly higher, rebounding from a two-week low. Futures predicted that the S&P/ASX 200 Index would open 0.5 per cent, or 37 points higher, on Tuesday after the gauge…
ASX to edge up, Nasdaq hit by megacap tech selling
Australian shares are poised to open modestly higher, reversing earlier weakness. Nvidia and Apple each dropped sharply on company-specific news, before some buyers began to step in. Iron ore and oil rose. Gold was lower.…
Dow adds more than 350 points, but Nasdaq closes lower as investors rotate out of tech: Live updates
The Dow Jones Industrial Average climbed Monday, outperforming the market, while the Nasdaq Composite slipped as traders continued to sell off major tech stocks that have powered the bull market. The 30-stock Dow rose 358.67 points, or 0.86%, to close…
Top Wall Street analysts like the growth opportunities for these three stocks
The new year has only just started, but macro uncertainty is already hanging over investors, with Federal Reserve officials raising concerns over inflation and its impact on the rate-cutting path. In these shaky times, investors…
ASX to drop as markets fret currency slump will put off rate cut
A plunge in the Australian dollar to its lowest level since the COVID-19 pandemic is complicating the task of the Reserve Bank of Australia as it prepares to meet next month to decide whether to…
A February interest rate cut is a goer if RBA changes one thing
At its last meeting for 2024, the Reserve Bank of Australia’s board seemed to indicate that it was contemplating a cut in the policy rate within six months. Weaker-than-expected private sector activity growth, together with…
ASX to fall, $A at pandemic-era low
Australian shares are set to start the week on a sour note after a surprise jump in US jobs creation hammered hopes for an imminent interest rate cut from the Federal Reserve. S&P/ASX 200 futures…
Behind the stock sell-off and whether the bull market is at risk
It’s really not as simple as saying good news on the economy was treated as bad news on Wall Street. Yes, the S&P 500 shed 1.5% Friday, after December payroll growth of 256,000 was 100,000 above forecasts and the…
Amazon aims to expand advertising business by letting retailers use its ad tools on their stores
Amazon has turned into an online ad juggernaut in recent years, with brands paying big bucks for premium placement on the retailer’s websites. Now, Amazon is letting other sites use its ad technology for their own stores. The…