Daily News

Stocks rallied, halting a five-day rout that took 10 per cent off the S&P 500, after Federal Reserve Chair Jerome Powell said outsize rate hikes will be rare as officials intensify their battle against sky-high inflation. Treasury yields tumbled alongside the...

ESG has become a punching bag for the far right, for disgruntled corporate executives and even industry insiders. But there’s one group whose growing disapproval might be the ultimate game changer. Retail investors are slowly starting to look under the hoo...

Apple Inc.’s run as a US$3 trillion stock proved fleeting. Now its grip on a US$2 trillion market value is looking wobbly, too. After briefly surpassing US$3 trillion in January, the iPhone maker has lost more than US$800 billion in capitalization as tech...

The Canadian dollar moved lower Wednesday against the U.S. dollar after the Federal Reserve hiked rates by 75 basis points. The loonie recently traded at 77.01 cents U.S. Wednesday afternoon, down from a peak of about 77.41 cents U.S. earlier in the day. T...

Stock markets may have become too pessimistic about corporate earnings despite the gloomy outlook for the global economy, according to Sanford C. Bernstein strategists. “While the probability of an outright recession has likely increased in recent days as...

Chris Blumas, portfolio manager, Raymond James Investment Counsel FOCUS: North American large-cap stocks MARKET OUTLOOK: It’s been a rough start to 2022 for investors as equity markets around the world have sold off. Recession fears continue to dom...

Bets are mounting quickly for a super-sized interest rate hike from the Bank of Canada next month, on the heels of expectations for a 75-basis-point move from the Federal Reserve this week. Trading in overnight swaps now suggest there’s an 80 per cent chan...

Christine Poole, CEO and managing director at GlobeInvest Capital Management FOCUS: North American large-cap stocks MARKET OUTLOOK: Consumer spending is a major source of economic growth. In the U.S., consumer spending accounts for more than two-th...

Volatility continued to grip financial markets on concern the Federal Reserve’s aggressive stance to fight stubbornly high inflation will throw the world’s largest economy into a recession. After facing many twists and turns, the S&P 500 closed down for a...

Despite a lot of confident predictions, nobody knows what will happen at the Federal Reserve Wednesday, never mind what the impact will be on markets. Professional investors aren’t waiting around to find out. Particularly among managers who premise strateg...