Pacific Perspectives

Check out the companies making headlines in midday trading: Quantum stocks — Quantum computing stocks dropped after Meta Platforms CEO Mark Zuckerberg became the latest high-profile executive to ease expectations for the technology. Rigetti Computing dropped 27%, while D-Wave Quantum shed 32%. The Defiance Quantum ETF lost 2.5%. Nvidia, chip stocks — Popular semiconductor stocks declined after the… Read More »Stocks making the biggest moves midday: Nvidia, quantum computing stocks, Moderna and more

Telstra is doubling down on its partnership with Elon Musk’s SpaceX, signing a new deal to let its customers in the bush send text messages via the billionaire’s Starlink satellite technology. The telco announced on Thursday it was testing SpaceX’s satellite-to-mobile technology, which is designed to allow everyday mobile phones… Read More »Telstra moves to overtake Optus in race to plug into Musk’s Starlink

The Australian sharemarket is poised to open modestly higher, rebounding from a two-week low. Futures predicted that the S&P/ASX 200 Index would open 0.5 per cent, or 37 points higher, on Tuesday after the gauge dropped more than 1 per cent on Monday as the market dialled back their US… Read More »ASX, $A to rise, bitcoin slumps to two-week low

Australian shares are poised to open modestly higher, reversing earlier weakness. Nvidia and Apple each dropped sharply on company-specific news, before some buyers began to step in. Iron ore and oil rose. Gold was lower. Bitcoin extended its slide to start the new year, briefly trading below $US90,000; it was… Read More »ASX to edge up, Nasdaq hit by megacap tech selling

The Dow Jones Industrial Average climbed Monday, outperforming the market, while the Nasdaq Composite slipped as traders continued to sell off major tech stocks that have powered the bull market. The 30-stock Dow rose 358.67 points, or 0.86%, to close at 42,297.12 as investors rotated into nontech shares such as Caterpillar, JPMorgan and UnitedHealth. Meanwhile, the tech-heavy Nasdaq dropped… Read More »Dow adds more than 350 points, but Nasdaq closes lower as investors rotate out of tech: Live updates

The new year has only just started, but macro uncertainty is already hanging over investors, with Federal Reserve officials raising concerns over inflation and its impact on the rate-cutting path. In these shaky times, investors can enhance their portfolio returns by adding stocks backed by solid financials and long-term growth… Read More »Top Wall Street analysts like the growth opportunities for these three stocks

A plunge in the Australian dollar to its lowest level since the COVID-19 pandemic is complicating the task of the Reserve Bank of Australia as it prepares to meet next month to decide whether to cut interest rates. Late on Friday, the local dollar hit US61.38¢, the lowest level since… Read More »ASX to drop as markets fret currency slump will put off rate cut

At its last meeting for 2024, the Reserve Bank of Australia’s board seemed to indicate that it was contemplating a cut in the policy rate within six months. Weaker-than-expected private sector activity growth, together with softer wage increases, made the board say that it was “gaining some confidence that inflation… Read More »A February interest rate cut is a goer if RBA changes one thing

Australian shares are set to start the week on a sour note after a surprise jump in US jobs creation hammered hopes for an imminent interest rate cut from the Federal Reserve. S&P/ASX 200 futures fell 71 points, or 0.9 per cent, in US trading. The Australian dollar tumbled 0.8… Read More »ASX to fall, $A at pandemic-era low

It’s really not as simple as saying good news on the economy was treated as bad news on Wall Street. Yes, the S&P 500 shed 1.5% Friday, after December payroll growth of 256,000 was 100,000 above forecasts and the unemployment rate fell a tick to 4.1%. But the mini-market tantrum is less about disliking… Read More »Behind the stock sell-off and whether the bull market is at risk