Daily News

Market Call Source: BNN Bloomberg July 27, 2022

Lorne Steinberg's Top Picks: July 26, 2022

Lorne Steinberg, president, Lorne Steinberg Wealth Management FOCUS: Global value stocks and high yield bonds MARKET OUTLOOK: Over the past few months, virtually every asset class has declined, including stocks, bonds and real estate. The war in Uk...

Source: BNN Bloomberg July 26, 2022

Booming ETFs that worry Wall Street watchdogs rake in billions

Traders are splurging billions of dollars on “complex” ETFs to ride out the crushing bear market across assets -- just as Wall Street watchdogs threaten intrusive measures to limit retail participation.  Issuers including ProShares Advisors LLC, Direxion a...

Source: BNN Bloomberg July 26, 2022

Energy helps lift TSX; U.S. markets muted ahead of Fed, earnings

Canada’s benchmark stock index got a lift Monday as strength in energy and financial stocks offset weakness in the resource-heavy materials and technology sectors. The S&P/TSX Composite Index closed 121.56 points higher, or 0.64 per cent, to 19,104.48, wit...

Source: BNN Bloomberg July 26, 2022

U.S. stock trading hits 2022 low before Fed, earnings

Stocks wavered in a choppy session as traders braced for earnings from technology bellwethers amid the threats of a hawkish Federal Reserve, scorching inflation and a looming economic recession. Traders turned more cautious after last week’s rally, with th...

Market Call Source: BNN Bloomberg July 26, 2022

Paul Harris' Top Picks: July 25, 2022

Paul Harris, partner and portfolio manager, Harris Douglas Asset Management FOCUS: North American and global stocks MARKET OUTLOOK: The bear market so far has all been mostly multiple contractions. The S&P 500 P/E has gone from 24 to16 but EPS and...

Source: Bankofcanada July 26, 2022

Bank of Canada publishes 2023 schedule for interest rate announcements

The Bank of Canada today published its 2023 schedule for the release of its policy interest rate decisions and quarterly Monetary Policy Report. The dates are as f...

Technology Source: BNN Bloomberg July 23, 2022

Alphabet stock split lands with a thud in worry-filled market

Even for Alphabet Inc., financial gimmickry is no match for the power of the bear market. The Google parent’s shares sank 2.5 per cent on Monday, the first day of trading after a 20-for-1 split that brought its stock price down to the US$100 range from mor...

Source: BNN Bloomberg July 23, 2022

TSX recap: Winning streak snapped as Shopify weighs down index

The S&P/TSX Composite Index’s winning streak was halted Friday as losses in the technology subgroup led a broadly lower day for Canadian stocks. At 4:00 p.m. ET, the Canadian benchmark index closed down 79.93 points to 18,982.92. The TSX had closed higher...

Source: BNN Bloomberg July 23, 2022

U.S. stocks end three-day rally on tech, growth woes

US stocks fell as disappointing results from social-media firms and weak economic data added to recession fears. Treasuries rallied as traders dialed back bets on Federal Reserve hikes, while the dollar retreated. The S&P 500 dropped for the first time in...

Market Call Source: BNN Bloomberg July 23, 2022

Shane Obata's Top Picks: July 22, 2022

Shane Obata, portfolio manager, Middlefield Capital FOCUS: Global large-cap stocks MARKET OUTLOOK: June was an extremely volatile month for equities with the S&P 500, TSX Composite and MSCI World, all declining by more than eight per cent. The S&P...