Pacific Perspectives
Trump bought Apple, Nvidia and other tech giants before tariff reversal fueled rebound
While investors and businesses spent the early days of April 2025 fretting over the future of global trade and the economy, President Donald Trump was busy buying into the stock market sell-off he created. Trump made 327…
Dow jumps nearly 600 points to record close; Nasdaq slides as chip stocks suffer: Live updates
The Dow Jones Industrial Average scaled to record highs on Thursday as investors reacted to a weaker-than-expected nonfarm payrolls report for June, while the Nasdaq Composite languished as semiconductors struggled once again. The 30-stock average added 594.83 points, or 1.14%,…
Record wave of ETFs flood the ASX, with more to come
A wave of new exchange-traded funds are flooding the sharemarket as firms jump on the soaring demand from retail investors looking for a cheap and tax-effective way to access some of Australia’s top fund managers.…
ASX ends up 1.4pc as gold stocks soar; PEXA sinks 21pc
Australian shares, led by gold miners, surged after weaker-than-expected US jobs data prompted investors to scale back bets on further Federal Reserve interest rate increases. The S&P/ASX 200 Index rose 1.4 per cent, or 119.80…
Fed Chief Kevin Warsh declines to hint at July rate decision, but says inflation ‘too high’
Federal Reserve Chairman Kevin Warsh, in comments Wednesday at the ECB Forum on Central Banking, declined to give any signal as to what the central bank may do at its meeting later this month, but did note that inflation…
‘Sell us cheap steel’: Santos CEO fires back at cut-price gas demand
Santos chief executive Kevin Gallagher has torn into demands from manufacturers that they be supplied with cut-price gas, taking to new heights the tense discord between producers and energy users over the federal government’s gas…
The fund manager rally has left us scratching our heads
A new financial year and a bright new dawn for markets. For some of the most beaten up stocks, all they needed was the calendar to roll over for the selling to cease and the…
ASX caps ‘toughest year’ for stock pickers with no end in sight
Stock pickers have endured one of the most challenging 12-month periods on the ASX in living memory. Those that backed the mining sector were handsomely rewarded, but those that bet on technology or healthcare were…
Stock futures are little changed after weak start to July trading; jobs report ahead
Stock futures traded near the flatline on Wednesday night after Wall Street began a new month of trading on a somewhat sour note, with traders awaiting the latest batch of U.S. employment data. Dow Jones…
Jim Cramer says the AI trade has shifted — and these stocks are leading now
CNBC’s Jim Cramer on Tuesday offered up a straightforward framework for Wall Street’s current approach to the artificial intelligence trade. “Wall Street’s now rewarding tech companies with products in high demand and punishing their customers,” the “Mad…