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Pacific Perspectives

Amazon threatens ‘drastic’ action after Saks bankruptcy, says $475M stake is now worthless

16 Jan 2026

Source: https://www.cnbc.com/2026/01/15/amazon-says-saks-investment-is-worthless-after-bankruptcy.html

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Pacific Perspectives

ASX to slip; oil falls 4pc on easing Iran tensions

16 Jan 2026

Australian shares are poised to open modestly lower. In New York, shares were higher, paced by Goldman Sachs and a renewed artificial intelligence trade. Oil tumbled more than 4 per cent after US President Donald…

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Pacific Perspectives 16 Jan 2026

RBA spared ‘gangland-style pressures’ facing Fed, but risks lurk

The Reserve Bank of Australia is not under the “gangland-style” pressures put on the US Federal Reserve by Donald Trump – to borrow a phrase from former board member Warwick McKibbin – but former central…

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Pacific Perspectives 16 Jan 2026

Goldman’s profit beats on record stock trading

New York | Goldman Sachs’ fourth-quarter profit beat Wall Street expectations, driven by a surge in dealmaking and trading, as it expressed optimism for investment banking in the year ahead. A friendlier regulatory environment under US…

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Pacific Perspectives 16 Jan 2026

Stocks close higher Thursday as chip, bank stocks rally: Live updates

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…

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Pacific Perspectives 15 Jan 2026

Stocks making the biggest moves midday: Biogen, Rivian, Bank of America, Airbnb & more

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…

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Pacific Perspectives 15 Jan 2026

Telstra did not inform rival of death related to Triple Zero failure

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…

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Pacific Perspectives 15 Jan 2026

There’s a reason ‘big oil’ won’t keep beating the crude market

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…

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Pacific Perspectives 15 Jan 2026

Short sellers are targeting ASX tech stocks on ‘distorted’ prices

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…

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Pacific Perspectives 15 Jan 2026

Why the stock market keeps shrugging as Trump sows more political chaos

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…

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Pacific Perspectives 14 Jan 2026

Here’s the inflation breakdown for December 2025 — in one chart

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…

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Pacific Perspectives 14 Jan 2026

GQG faces ‘redemption risks’ as anti-tech bet scares off investors

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,…

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