Pacific Perspectives
Chalmers admits business must pull Australia out of growth slump
Treasurer Jim Chalmers says the private sector must ultimately pull Australia out of its worst economic slump since the 1990s recession, even as economists and business leaders blame his government for discouraging investment and prolonging…
Tech buoys ASX; HMC Capital rallies
A rally in technology shares pushed the Australian sharemarket higher at noon, tracking strong gains on Wall Street after the S&P 500 notched its 56th record high this year. The benchmark S&P/ASX 200 Index edged…
Dow posts first close above 45,000; S&P 500 reaches new record as tech shares surge: Live updates
The S&P 500 and Nasdaq Composite scaled to record highs Wednesday, with tech shares leading the charge following strong reports from Salesforce and Marvell Technology. The broad market index gained 0.61%, closing at 6,086.49, while the tech-heavy Nasdaq advanced…
Stocks making the biggest moves midday: Tesla, U.S. Steel, FedEx, AT&T and more
Check out the companies making headlines in midday trading. U.S. Steel — Shares dropped 8% Tuesday, the day after President-elect Donald Trump said he would stop Japan’s Nippon Steel from buying the Pittsburgh steelmaker. The deal was first…
APA plots path from gas to become a Pilbara solar and batteries giant
APA Group says it hopes to expand its power generation portfolio in Western Australia’s Pilbara and commit to new investments within a year as it diversifies away from its core business of operating gas pipelines.…
Woolworths strike bill tops $50m as disruption spreads to Dan Murphy’s
Woolworths says two weeks of industrial action has cut $50 million in sales from its supermarket business as the retailer struggles to stock shelves. The shortages at stores spread from Woolworths to a second ASX-listed…
CBA warns $A to drop ‘materially’ in 2025
Commonwealth Bank has warned that higher tariffs threatened by US President-elect Donald Trump will turbocharge the greenback’s rally well into next year, threatening to knock the Australian dollar below US60¢. The Aussie dollar fell 0.6…
S&P 500 ticks higher for another record close on Tuesday: Live updates
The S&P 500 inched higher Tuesday, eking out another record close. The broad market index added 0.05%, ending at 6,049.88. The Nasdaq Composite advanced 0.40% to close at 19,480.91, hitting a new intraday record as Apple rose to a fresh 52-week…
Stocks making the biggest moves midday: Super Micro Computer, Tesla, Intel, Stellantis and more
Check out the companies making headlines in midday trading: Super Micro Computer — Shares advanced more than 30% after a special committee said it found “no evidence of misconduct” on the part of the artificial…
Telstra snaps up Boost Mobile, delivering Paul Keating a $40m payday
Former prime minister Paul Keating is in line for a payday of at least $40 million after the prepaid mobile phone business he co-founded with entrepreneur Peter Adderton was sold to sector giant Telstra. The…