Pacific Perspectives

The major averages climbed Thursday, rebounding from back-to-back losses as chip and bank stocks rallied. The Dow Jones Industrial Average added 292.81 points, or 0.60% to 49,442.44, boosted by gains in Goldman Sachs and Nvidia. The S&P 500 rose…

Check out the companies making headlines in midday trading. Biogen — The biotech’s stock tumbled more than 4% after the company warned it would need to take a $222 million pretax charge in the fourth quarter. The company…

Australia’s biggest telecommunications group, Telstra, did not inform rival operator TPG Telecom of a death linked to Triple Zero failures on TPG’s Vodafone network, new emails reveal, further exposing major flaws in the nation’s emergency…

John Rockefeller, the godfather of the modern oil industry, called his tactic of purposely crashing oil prices and sending the stocks of his rivals into a tailspin “a good sweating”. Soon after, he’d conveniently buy…

Short sellers are ramping up their bets against technology stocks on the ASX amid toppy valuations and lingering inflation concerns in Australia that have left the possibility of interest rate increases on the table. While technology…

Stock investors largely shrugged off the criminal investigation of Federal Reserve Chair Jerome Powell — the latest example of the market looking past political risk. The Dow Jones Industrial Average initially tumbled nearly 500 points on Monday. Investors worried the probe represented a…

Progress in the fight to throttle back inflation appeared to stall in December amid price pressures from groceries, dining out, utility gas, clothing and other categories of consumer spending. The consumer price index, a key inflation gauge, rose…

Investors yanked $US2.1 billion ($3.1 billion) from GQG Partners at the end of last year as chief investment officer Rajiv Jain’s controversial call to avoid technology stocks continued to backfire on the high-profile fund manager,…

Commonwealth Bank is bracing for what analysts expect will be a tough year ahead for Australia’s biggest bank as it struggles to shake off its new status as the laggard of the sharemarket’s big four…

Australian shares are poised for a flat open. Shares were lower in late trade in New York as the US reporting season kicked off cautiously and December’s CPI data failed to move the needle on…