Pacific Perspectives
Tesla plans next-generation Roadster reveal after almost a decade of delays
Tesla is planning to show off its long-delayed next-generation Roadster on Thursday, almost a decade after Elon Musk’s company started taking deposits for the electric sports car. The event will be livestreamed from a SpaceX…
The small caps Prime Value is buying as interest rates peak
Richard Ivers is the portfolio manager of Prime Value Asset Management’s Emerging Opportunities Fund and the Microcap Fund. The Melbourne-based firm oversees around $3 billion in assets. Small industrials have faced a challenging environment which…
RBA sinks $11.3b into the red after second-biggest loss on record
The Reserve Bank of Australia is $11.3 billion in the red after posting its second-largest annual loss on record as rising bond yields smashed the value of its portfolio, with the cash-strapped central bank unlikely…
ASX to rise
Australian shares are set to rise, tracking gains on Wall Street overnight. ASX 200 futures were up 74 points or 0.8 per cent to 8826. Artificial intelligence stocks dragged the Nasdaq down 0.5 per cent,…
Dow rises more than 500 points as investors rotate away from AI trade
The Dow Jones Industrial Average rose on Thursday as concerns around tech companies overspending on artificial intelligence led investors to rotate out of the trade and seek value elsewhere. Traders also digested U.S. data that…
Consumer prices rose 3.7% annually in September as gas prices skyrocket
September brought little relief to the accelerating cost of living, as consumer prices increased again and kept the inflation rate well above the Federal Reserve’s goal. The consumer price index, a broad measure of goods…
AGL hit with Australia-first class action over ‘carbon-neutral’ claims
AGL Energy is staring down a costly lawsuit over its campaign to charge customers extra for what it claimed was carbon-neutral gas and electricity, in the first greenwashing class action to be brought in Australia.…
Energy investors wrong-footed by return of ‘climate wars’
Big investors say an increasingly unsettling debate over climate policies is making it harder to push ahead with renewable energy generation projects, imperilling the transition away from fossil fuel power even as ageing coal assets…
ASX risks ‘monstrous’ trading costs without faster settlement
Australia should shift to a one-day settlement cycle for share transactions, or the country’s main exchange risks being left behind on the global stage and overlooked by investors as too expensive and slow. That is…
S&P 500 drops 1%, dragged down by hot inflation data and sell-off in AI-related stocks
The S&P 500 pulled back on Wednesday, pressured by losses in the artificial intelligence trade, as investors reacted to hotter-than-expected September consumer inflation data. The broad market index fell 1.11% to end at 7,718.94, while…