Pacific Perspectives
ASX to rise; POSCO’s $1.2b MinRes deal, Flight Centre eyes $340m profit
Australian shares are set to open higher. In New York, the Dow advanced, paced by Merck and Nike, amid rising optimism that the US federal government is poised to reopen within days. FedEx leapt more…
Dow closes at record high but Nasdaq slips as investors rotate out of technology stocks: Live updates
The Dow Jones Industrial Average rallied to a fresh closing record Tuesday, while the Nasdaq Composite struggled as investors moved money away from technology stocks into other parts of the market that traded at lower valuations. The 30-stock Dow…
Stocks making the biggest moves midday: Penn Entertainment, Metsera, Six Flags & more
Check out the companies making the biggest moves midday: TreeHouse Foods — The food processor rallied 23% after announcing it’s being bought by European investment group Investindustrial for $22.50 per share in cash. That represents an…
Australia’s $4trn wealth surge: Are you one of the 760,000?
An additional 70,000 Australians have crossed the $1 million in investible assets threshold to achieve “high net worth” status in the past year. This represents a rise of 10 per cent, and untroubled by volatile…
Time to reassess the Goldilocks scenario driving markets
For months, I’ve described a persistent Goldilocks backdrop: solid growth, easing inflation, and supportive liquidity. So far, that view has been vindicated as global equities keep setting all-time highs and credit spreads remain historically tight.…
Time to buy the dip? The dumped ASX stocks on investors’ radar
For investors chasing a recovery story, some of the S&P/ASX 200’s most battered stocks are starting to look quite tempting, with big names like CSL, Domino’s Pizza, and Treasury Wine Estates all trading at prices…
Miran says half-point cut ‘appropriate’ for December, but Fed should at least reduce by a quarter point
Federal Reserve Governor Stephen Miran on Monday advocated for further interest rate cuts as a way stave off a potential economic softening ahead. In a CNBC interview, the central bank official held to his belief…
Top Wall Street analysts favor these 3 tech stocks for their growth outlook
E-commerce and cloud computing giant Amazon (AMZN) recently impressed investors with its upbeat Q3 results. Accelerating growth in the Amazon Web Services (AWS) cloud unit confirmed the Street’s faith in Amazon’s expansion into artificial intelligence. In reaction…
AGL Energy closes in on sale of 19.9pc stake in Tilt Renewables
AGL Energy has agreed terms to sell its 19.9 per cent stake in Tilt Renewables to Future Fund and QIC, in a deal expected to be announced this week. Street Talk understands AGL, advised by…
The Fed chair’s F-word swirls around the market and spells trouble
Federal Reserve chairman Jerome Powell’s F-word is really catching on. Ten days after the central banker said, “What do you do if you’re driving in a fog? You slow down”, talk about fog is everywhere in…