Pacific Perspectives
Oil prices edge lower as U.S. waits for Iran response to deal proposal
Oil prices edged lower on Thursday, as the U.S. waits for Iran’s response to a proposal to end the war and reopen the Strait of Hormuz. Source: https://www.cnbc.com/2026/05/07/oil-prices-today-trump-iran-strait-of-hormuz-us-crude-brent-.html
AGL gets its power plants humming to improve profit outlook
AGL Energy says its annual profit will come in at the higher end of previous guidance thanks to improved power plant availability, and reassured that it has enough diesel storage to withstand the global fuel…
Stocks set to rip once a US-Iran peace deal is reached
Fund managers say an official peace deal between the United States and Iran will trigger a surge in global equities that will help return the Australian sharemarket to record levels. While the S&P/ASX 200 Index…
Investors deliver epic blow to ARN exec pay amid Kyle & Jackie O war
ARN Media investors have delivered a stunning rebuke to the company behind the KIIS and Pure Gold radio networks, with 90 per cent voting against its executive pay amid a steeply sliding share price and…
S&P 500 pulls back from record as investors eye oil prices and Iran deal developments: Live updates
The S&P 500 fell on Thursday after hitting a new all-time intraday high as oil prices came back from sizable losses, with traders eyeing more developments between the U.S. and Iran. The broad market index fell 0.38%…
Stocks making the biggest moves after hours: DoorDash, Zillow Group, ARM Holdings, Fortinet and more
Check out the companies making headlines after the bell: Arm Holdings — The semiconductor company reversed earlier gains and tumbled 7% on underwhelming guidance. Arm called for first quarter earnings of 40 cents per share, plus…
Transurban says it made wrong call on Melbourne traffic rebound
Tollroad group Transurban underestimated the rate at which traffic would rebound in Melbourne after the pandemic, with volumes on its lucrative CityLink motorway still below 2019 levels, according to chief financial officer Henry Byrne. “We…
AGL sounds alarm on power supply as data centre demand surges
AGL Energy says the market is sharply underestimating demand for power from data centres and risking a supply crunch amid the soaring needs of big technology companies and artificial intelligence developers. Damien Nicks, the chief…
ASX to rise, Nasdaq resets record as techs surge
Australian shares are set to rise 1 per cent at the open on Thursday, tracking similar strong gains in New York as investors reacted to heightening prospects of a peace agreement between the US and…
Will Elon Musk win his lawsuit against Sam Altman’s OpenAI? Here’s what prediction markets think
Source: https://www.cnbc.com/2026/05/06/elon-musk-odds-low-to-win-openai-suit.html