Pacific Perspectives
Fed Chief Kevin Warsh declines to hint at July rate decision, but says inflation ‘too high’
Federal Reserve Chairman Kevin Warsh, in comments Wednesday at the ECB Forum on Central Banking, declined to give any signal as to what the central bank may do at its meeting later this month, but did note that inflation…
‘Sell us cheap steel’: Santos CEO fires back at cut-price gas demand
Santos chief executive Kevin Gallagher has torn into demands from manufacturers that they be supplied with cut-price gas, taking to new heights the tense discord between producers and energy users over the federal government’s gas…
The fund manager rally has left us scratching our heads
A new financial year and a bright new dawn for markets. For some of the most beaten up stocks, all they needed was the calendar to roll over for the selling to cease and the…
ASX caps ‘toughest year’ for stock pickers with no end in sight
Stock pickers have endured one of the most challenging 12-month periods on the ASX in living memory. Those that backed the mining sector were handsomely rewarded, but those that bet on technology or healthcare were…
Stock futures are little changed after weak start to July trading; jobs report ahead
Stock futures traded near the flatline on Wednesday night after Wall Street began a new month of trading on a somewhat sour note, with traders awaiting the latest batch of U.S. employment data. Dow Jones…
Jim Cramer says the AI trade has shifted — and these stocks are leading now
CNBC’s Jim Cramer on Tuesday offered up a straightforward framework for Wall Street’s current approach to the artificial intelligence trade. “Wall Street’s now rewarding tech companies with products in high demand and punishing their customers,” the “Mad…
Super funds dumping nearly $100b in a crisis would slash balances 25pc
The financial regulator has warned that the nation’s biggest superannuation funds could dump almost $100 billion of shares and bonds in a worst-case scenario of acute economic stress to meet demand for account withdrawals and…
Retail investors risk turning market correction into recession: BIS
The surging numbers of retail investors in the sharemarket has heightened the risk of a much bigger economic fallout from a correction that threatens financial stability, central bankers have warned. The Bank of International Settlements…
These 10 stocks prove the ASX is just an index points game
You can explain the S&P/ASX 200’s performance for the financial year with just 10 stocks – the five biggest winners and the five biggest losers. If you add the index points from five winners and…
Dow futures dip after blue-chip index posts strongest first-half performance since 2021: Live updates
Dow futures slipped on Tuesday night after the 30-stock index posted its best first half in five years. Futures tied to the Dow Jones Industrial Average fell 89 points, or 0.2%. S&P 500 futures and Nasdaq 100 futures were trading…