Daily News

Source: BNN Bloomberg July 26, 2023

Analyst talks opportunities in industrial stocks

The TSX industrials sector has outperformed the index at large through the past year and this strength is likely to continue for some stocks, one analyst says.    Speaking with BNN Bloomberg’s Amber Kanwar on Wednesday, Maxim Sytchev, managing director of in...

Market Call Source: BNN Bloomberg July 26, 2023

Brian Madden's Top Picks: July 25, 2023

Brian Madden, chief investment officer, First Avenue Investment Counsel FOCUS: North American equities  MARKET OUTLOOK: Upside participation in U.S. markets is tentatively expanding, with the equal-weighted S&P 500 slightly outperforming the tradit...

Company News Source: BNN Bloomberg July 26, 2023

Alphabet shares gain on revenue beat from Google search

Google parent Alphabet Inc. reported second-quarter revenue that exceeded analysts’ expectations, boosted by advertising on the company’s flagship search business, which is withstanding new competition from artificial intelligence chatbots.  Alphabet’s sal...

Source: BNN Bloomberg July 26, 2023

TSX recap: Index finishes 0.15% lower amid mixed results

Canada's main stock index ticked lower Tuesday amid mixed trading results, while U.S. markets moved higher.  The S&P/TSX Composite Index closed down 30.59 points, or 0.15 per cent, at 20,551.53. In New York, the Dow Jones Industrial Average was up 26.83...

Source: BNN Bloomberg July 26, 2023

Tech giants lift U.S. stocks as AI Euphoria put to test

A rally in big tech drove stocks higher, with traders counting on the earnings season to see whether the enthusiasm around artificial intelligence will justify this year’s market advance. The S&P 500 hit its highest since April 2022, while the Nasdaq 100 o...

Company News Source: BNN Bloomberg July 26, 2023

Microsoft posts tepid sales growth as cloud business slows

Microsoft Corp. reported tepid fourth-quarter sales growth, held back by decelerating demand for cloud-computing services while the software maker waits for a revenue boost from new artificial intelligence-powered products. Profit in the period ended June...

Company News Source: BNN Bloomberg July 26, 2023

First Quantum Minerals earns US$93 million in second quarter

First Quantum Minerals Ltd. says it earned US$93 million in the second quarter of 2023, down from US$419 million a year earlier.  The Toronto-based company, which reports in U.S. dollars, says sales revenues were US$1.7 billion, down from US$1.9 billion du...

Source: Bankofcanada July 26, 2023

Summary of Governing Council deliberations: Fixed announcement date of July 12, 2023

This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on July 12, 2023. This summary reflects di...

Source: Financialpost July 26, 2023

Warren Buffett lifts fossil fuel bets as global ESG push mints bargains

Berkshire Hathaway is using a dip in commodity prices to load up on some of Buffett’s favourite oil and gas investments Warren Buffett’s multibillion-dollar purchases of oil and gas investments early in the pandemic paid off when the sector cra...

Source: Financialpost July 26, 2023

Opinion: Ottawa rewards failure with taxpayer-funded bonuses

Why are the Bank of Canada and CMHC paying out bonuses as if they were participation ribbons? By Franco Terrazzano THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Excl...