Pacific Perspectives
Dow surges 500 points as traders look past rout in precious metals and bitcoin: Live updates
U.S. equities rose on Monday as Wall Street began a new month of trading, with investors looking past the recent losses in silver and bitcoin. The Dow Jones Industrial Average advanced 515.19 points, or 1.05%, closing at 49,407.66,…
Stocks making the biggest moves midday: Newmont, Apple, Sandisk, Deckers Outdoor & more
Check out the companies making the biggest moves midday: Newmont, Freeport-McMoRan — The metals miners dropped 9.6% and 7.6%, respectively, as gold and silver faltered from record levels. The moves come after President Donald Trump picked Kevin…
5 reasons the RBA could keep rates on hold
The jump in inflation this week spooked many economists into predicting that the Reserve Bank of Australia would be forced to hand mortgage holders their first interest rate increase in more than two years. With…
Blaming inflation for the slide in tech stocks? Think again
It’s the perfect narrative. Inflation data is released, the market expects a cash rate rise, and the ASX’s rate-sensitive technology sector suffers. But fund managers say worsening sentiment and investor ire at stock-based compensation are…
ASX set to fall ahead of expectations that RBA will increase rates
The sharemarket is poised for a subdued start on Monday as robust economic data fuels expectations that the Reserve Bank of Australia will raise interest rates this week. The S&P/ASX 200 Futures Index indicates a…
Political risk: How Trump 2.0 is affecting investment in U.S. assets
Heightened political risk might become the backdrop for U.S. stocks for the foreseeable future. January saw the U.S. attack Venezuela and President Donald Trump attempt to annex Greenland, threatening new tariffs on eight European allies. By the end of the month, the…
Tesla sold $430 million worth of its Megapack backup batteries to Musk’s xAI in 2025
Tesla sold $430 million worth of its giant backup batteries called Megapacks to xAI, Elon Musk’s artificial intelligence startup, in 2025, according to a filing on Thursday. Source: https://www.cnbc.com/2026/01/29/tesla-sold-430-million-worth-of-its-megapack-batteries-to-xai-in-2025.html
Economists fret that reading the RBA is becoming harder, not easier
For years, the Reserve Bank of Australia stayed behind closed doors, releasing only short, dry notes after every interest rate call. Today, RBA governor Michele Bullock holds televised press conferences after every decision, and the…
New iPhone failures on Telstra network compound Triple Zero crisis
Technology giant Apple was scrambling on Thursday to ensure some of its older iPhones could make regular and emergency calls on Telstra’s network in the latest in a series of Triple Zero failures. Technological problems…
JP Morgan banker bonuses pop as Wall Street bank goes on hiring spree
JP Morgan’s Australian investment banking division is expanding its team in financial sponsors and two sectors after staff were handed bigger bonuses following a solid year for the local franchise. Bankers were informed of their…