Daily News

Source: BNN Bloomberg May 18, 2022

Musk says Twitter must prove bot claims for deal to proceed

Elon Musk declared he won’t proceed with his US$44 billion takeover of Twitter Inc. unless the social media giant can prove bots make up fewer than 5 per cent of its users, casting yet more uncertainty over the deal. The billionaire tweeted “this deal cann...

Source: BNN Bloomberg May 18, 2022

U.S. stocks rally; treasury curve flattens on U.S. Fed

U.S. stocks regained session highs as investors weighed comments from U.S. Federal Reserve Chair Jerome Powell on the outlook for higher interest rates. Short-term Treasuries underperformed, extending a flattening in the yield curve. The S&P 500 rose to th...

Market Call Source: BNN Bloomberg May 18, 2022

Christine Poole's Top Picks: May 17, 2022

Christine Poole, CEO and managing director at GlobeInvest Capital Management FOCUS: North American large-cap stocks MARKET OUTLOOK: Equity markets are recalibrating to higher interest rates and valuation multiples are compressing. Inflationary pres...

Source: BNN Bloomberg May 17, 2022

Money manager eyeing battered NFI, Cascades for good entry point

Amid persistent supply chain problems that has ravaged many industrial firms, it might be worth considering investing in companies such as NFI Group Inc. and Cascades Inc. once there’s visibility on when those manufacturing issues could start easing, accordin...

Market Call Source: BNN Bloomberg May 17, 2022

Teal Linde's Top Picks: May 16, 2022

Teal Linde, manager, Linde Equity Fund FOCUS: North American mid and large-cap stocks MARKET OUTLOOK: Through the latter half of 2020 and all of 2021, investors were amazed by the resilience of the rising stock market despite being in the midst of...

Source: BNN Bloomberg May 17, 2022

Bitcoin's plunge exposes idea of uncorrelated asset as 'big lie'

A selloff in cryptocurrencies resumed Monday, with Bitcoin dropping back below US$30,000 with global equity markets remaining under pressure.  The largest cryptocurrency fell as much as 6.2 per cent and was trading at US$29,835 as of 4:54 p.m. in New York....

Source: BNN Bloomberg May 14, 2022

Stocks roar back at end of nerve-racking week

Stocks rallied at the end of a chaotic week in financial markets, with a little help from Federal Reserve Chair Jerome Powell’s reassurance that bigger rate hikes would be off the table for now even after the hot inflation readings of the past few days. Fo...

Market Call Source: BNN Bloomberg May 14, 2022

David Driscoll's Top Picks: May 13, 2022

David Driscoll, president and CEO, Liberty International Investment Management  FOCUS: Global stocks MARKET OUTLOOK: In the past five years, stock markets went up too far, too fast, and became well overvalued. The old axiom, “don’t fight the Fed” has...

Source: BNN Bloomberg May 14, 2022

Crazy markets are shredding Wall Street stock and bond forecasts

Another stormy week has left investors groping when it comes to the direction of stocks and bonds. Expecting to be led out of the darkness by Wall Street’s best and brightest may be asking too much, given their performance so far this year. As usually happ...

Source: BNN Bloomberg May 13, 2022

Stocks close almost flat in session of wild swings

Stocks rebounded sharply in the final hour of trading, with the S&P 500 almost erasing a selloff that pushed it to the brink of a bear market earlier Thursday. The turnaround came as Federal Reserve Bank of San Francisco President Mary Daly told Bloomberg...