Daily News

Source: BNN Bloomberg August 10, 2022

U.S. tech jitters hit stocks in run-up to key CPI print

Stocks retreated as a downbeat outlook from another giant chipmaker added to recession fears, with many traders unwilling to make any risky bets before Wednesday’s pivotal inflation reading. A rally in the S&P 500 from its June lows hit a wall amid a fourt...

Source: BNN Bloomberg August 10, 2022

Vanguard steals BlackRock crown for world's biggest bond ETF

Vanguard Group has ushered in a new world order in the fixed-income exchange-traded fund arena. The Vanguard Total Bond Market ETF (ticker BND), with assets of roughly US$83.8 billion, has surpassed the US$83.2 billion iShares Core US Aggregate Bond ETF (A...

Source: BNN Bloomberg August 09, 2022

S&P 500 finishes lower after wiping out 1% rally

Stocks retreated after a three-week rally, with a gloomy forecast from Nvidia Corp. weighing on tech shares and traders awaiting inflation data for clues on the pace of Federal Reserve rate hikes. The S&P 500 erased gains that reached 1 per cent earlier in...

Source: BNN Bloomberg August 09, 2022

FX traders eye wagers on best-of-the-rest loonie as U.S. dollar surges

For foreign-exchange traders leery of taking a firm position on the mercurial US dollar right now, Canada’s currency is providing fertile ground for potential wagers. The greenback has climbed against all of its Group-of-10 counterparts this year, but the...

Source: BNN Bloomberg August 09, 2022

TSX recap: Index ends in positive territory as mining stocks gain

Canada’s benchmark stock index pared its gains throughout the trading day but still managed to end in positive territory on Monday as mining stocks rose. The S&P/TSX Composite Index closed 49.04 points higher, or 0.25 per cent, at 19,669.17. One market...

Source: BNN Bloomberg August 09, 2022

Wall Street strategists say stocks rally at odds with profit outlook

A dimming earnings outlook is at odds with the recent rebound in stock markets, according to strategists at Morgan Stanley and Goldman Sachs Group Inc. Both Morgan Stanley’s Michael J. Wilson and Goldman’s David J. Kostin expect corporate profit margins to...

Source: BNN Bloomberg August 09, 2022

Tesla leads green U.S. stocks rally as senate passes climate bill

Electric vehicle and renewable energy stocks rallied after the US Senate passed a key tax, climate and health-care bill, which Democrats called the largest investment in fighting climate change ever made in the country. Tesla Inc. shares charged ahead, ris...

Market Call Source: BNN Bloomberg August 09, 2022

Andrew Pyle's Top Picks: August 8, 2022

Andrew Pyle, senior investment advisor and portfolio manager, CIBC Wood Gundy FOCUS: North American equities MARKET OUTLOOK: The main theme for markets this year is how much we have been able to compress cycles through fear rhetoric and aggressive...

FP Comment Source: Financialpost August 08, 2022

Opinion: To understand and forecast inflation, follow the money

History shows that a rise in the cost of living follows excessive growth in the money supply Former Bank of Canada Governor John Crow was once asked whether the money supply had been used in the Bank’s economic model and forecasts he had just prese...

Technology Source: BNN Bloomberg August 06, 2022

U.S. stocks notch weekly gain after jobs data surprise

US stocks notched a weekly gain after a surprisingly strong jobs report alleviated recession fears but cleared the path for the Federal Reserve to raise rates sharply at its next meeting.  The S&P 500 suffered a decline on Friday after falling as much as 1...