Pacific Perspectives
U.S. appeals court rules against prediction markets, sets up likely fight at Supreme Court
The 9th U.S. Circuit Court of Appeals rejected prediction market platforms’ requests for injunctive relief against the Nevada Gaming Control Board, concluding that sports-related event contracts are not a derivative regulated by the federal government. …
Insolvency boss is an investor in firm that sent him 50 referrals
A prominent liquidator appointed to take charge of the assets of dozens of defaulted borrowers has revealed he is actually a personal investor in the lender who appointed him and that his firm vets the…
How to find an edge in a market whipsawing between sectors
The S&P/ASX 200 hit a record high in early August without much fanfare. It’s a symptom of just how little conviction investors have in the sharemarket. Australian fund managers will, for the most part, tell…
ASX to retreat as Fed’s Warsh forces pivot on interest rates
The sharemarket is starting the week on the back foot as traders scramble to recalibrate their interest rate expectations for the United States after Federal Reserve chairman Kevin Warsh delivered a hawkish message to the…
Trump announces deal with Venezuela to secure more than 65 billion barrels of oil reserves
The U.S. struck a deal with Venezuela to get majority control of more than 65 billion barrels of oil reserves as the war with Iran roils the global crude trade, President Donald Trump announced Friday. Trump said…
Stocks making the biggest moves midday: Nvidia, Okta, Hormel, Veeva, HP, Celsius, Best Buy & more
Check out some of the companies making the biggest moves midday: Nvidia — The leading artificial intelligence and infrastructure company’s stock surged 9% after second-quarter revenue and earnings beat expectations. Nvidia said Wednesday that revenue in the…
Santos targets Papua LNG go-ahead after first-half profit dip
Santos has flagged that it will make a final investment decision on its next major growth project, the LNG venture in Papua New Guinea, in the December quarter, after bringing online two multibillion-dollar projects in…
West Gate woes, sagging traffic flows dull a bumper Transurban profit
Transurban says lighter traffic in Melbourne as workers stay away from the city has hurt income on the West Gate Tunnel, forcing the toll road giant to ditch forecasts for when its new $10.2 billion…
Telstra ties exec pay to AI returns, putting heat on Accenture deal
Telstra’s leadership team will be held to account for the hundreds of millions of dollars the company is investing in artificial intelligence, after the telco became one of the first big Australian companies to directly link…
S&P 500 futures are little changed as investors count down to Warsh’s Jackson Hole address
S&P 500 futures are near flat Thursday night as investors monitored earnings reports awaited Federal Reserve Chairman Kevin Warsh’s latest address. Futures tied to the broad index shed 0.1%, while Nasdaq 100 futures lost 0.2%. Dow Jones Industrial Average futures slipped 28…