Daily News

Source: BNN Bloomberg July 30, 2022

U.S. stocks storm back with best month since 2020

The stock market wrapped up a chaotic week, with solid earnings from tech megacaps bringing solace to traders worried about the many cross-currents rattling economies around the globe. After a horrific first half, the S&P 500 had its best month since Novem...

Source: BNN Bloomberg July 30, 2022

Shock July rally was a monster the U.S. Fed may regret seeing

Among the many superlatives attaching to markets in July, one that could come back to haunt the Federal Open Market Committee is Wednesday and Thursday’s, when the stocks posted their biggest post-meeting rally on record. Believing they heard a dovish tilt...

Source: BNN Bloomberg July 29, 2022

U.S. stocks defy naysayers as Fed-hike premium shrinks

The stock rally gained traction, defying calls from skeptics in the aftermath of the Federal Reserve decision, with traders paring bets on rate hikes as the drumbeat of recession grew louder amid an ugly economic print. Equities climbed to a seven-week hig...

Technology Source: BNN Bloomberg July 29, 2022

Apple stock surge raises stakes as earnings loom

Even as Apple Inc. contends with rising inflation, cooling consumer demand, the strengthening dollar and lockdowns in China, its share price has surged in recent weeks and is heading for its biggest monthly gain in almost two years, up 15 per cent in July....

Source: BNN Bloomberg July 29, 2022

Bausch vows appeal after stock ravaged by patent ruling

Bausch Health Companies Inc. said it plans to vigorously defend its intellectual property after a U.S. judge ruled some patents for one of its drugs were invalid. Shares of the Laval, Que.-based health care firm were decimated Thursday, falling as much as...

Market Call Source: BNN Bloomberg July 29, 2022

Greg Newman's Top Picks: July 28, 2022

Greg Newman, senior wealth advisor and portfolio manager, Newman Group, ScotiaWealth FOCUS: North American dividend stocks and protection strategies  MARKET OUTLOOK: The bulls argue that a U.S. Federal Reserve pivot is starting to appear in sight a...

Source: BNN Bloomberg July 29, 2022

TSX recap: Markets rise in broad rally as investors digest earnings

The S&P/TSX Composite Index reversed early-morning losses to close higher on Thursday as investors continued to analyze corporate earnings and the state of the North American economy. The index closed up 202.15 points, or 1.05 per cent, at 19,456.71 in a b...

Real Estate Source: BNN Bloomberg July 29, 2022

Analyst urges 'caution and patience' on alternative lending stocks

The rapidly-changing dynamics of the mortgage market have pressured alternative lending stocks this year, leading one analyst to warn there could be more room for their share prices to continue falling in the coming months. “While these depressed levels ma...

FP Economy Source: Financialpost July 29, 2022

Canadian economy stalls, but avoids contraction in May

Growth in services-producing industries was offset by a decline in goods-producing industries Canada’s economic expansion showed signs of moderation in May and June, pulling back from a strong start to the year in the face of high inflation and ris...

Source: BNN Bloomberg July 28, 2022

TSX recap: Shopify drags as job cuts spook investors

Shopify Inc.’s stock decline weighed heavily on the S&P/TSX Composite Index on Tuesday as a round of layoffs at the Canadian tech giant added to investor worries about the economy. The Canadian benchmark index closed 131.80 points lower, or 0.69 per cent,...