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Pacific Perspectives

Stock futures rise as Trump sworn in as president with regular trading closed

U.S. stock market futures rose as Donald Trump was sworn in a second time as U.S. president as investors bet a series of immediate actions by him would boost the economy, especially in areas like the banking and energy sectors. Traders were also likely encouraged by news that Trump wouldn’t immediately install… Read More »Stock futures rise as Trump sworn in as president with regular trading closed

Why 2025 is set to be a crucial year for Amazon’s Zoox robotaxi unit

LAS VEGAS — This year is expected to be a crucial one for Amazon’s autonomous vehicle unit Zoox, as the company plans to grow its operations and commercialize its robotaxi business. Zoox is aiming to begin offering rides to the public “quite soon,” expand its operating regions and “significantly” grow its self-driving… Read More »Why 2025 is set to be a crucial year for Amazon’s Zoox robotaxi unit

Banker John Wylie wants Telstra to sell off NBN income stream

Fund manager and Telstra shareholder John Wylie is urging the telco giant to package up cash payments it receives from NBN Co and sell them off to investors, claiming some financial engineering could add 80¢ to the company’s stock price. In an opinion piece published today in The Australian Financial Review, the former… Read More »Banker John Wylie wants Telstra to sell off NBN income stream

Jim Cramer parses big bank earnings and says stocks have ‘quite a bit more upside’

CNBC’s Jim Cramer on Friday reviewed earnings reports from top banks that reported this week, saying he’s impressed with all them, but especially Wells Fargo and Goldman Sachs. He said investors would have benefitted from owning all of these names this week and praised the industry as a whole. “Despite the big… Read More »Jim Cramer parses big bank earnings and says stocks have ‘quite a bit more upside’

Fed Governor Waller sees potential for multiple interest rate cuts in 2025

Federal Reserve Governor Christopher Waller said Thursday that the central bank could lower interest rates multiple times this year if inflation eases as he is expecting. In a CNBC interview, the policymaker said he expects the first cut could come in the first half of the year, with others to… Read More »Fed Governor Waller sees potential for multiple interest rate cuts in 2025

ASX to rise; US stocks waver, Rio Tinto shares on watch

Australian shares are poised to edge up at the start of trade despite US equities turning modestly lower as technology stocks declined. ASX futures were up 12 points or 0.1 per cent to 8310 near 7.15am. Overnight on Wall Street, the tech-heavy Nasdaq was down 0.9 per cent. Source: https://www.afr.com/markets/equity-markets/asx-to-rise-us-stocks-waver-china-data-awaited-20250117-p5l52g