Daily News

Source: BNN Bloomberg September 21, 2022

U.S. stocks slump with two-year U.S. yield on cusp of 4%

Stocks came under pressure as Treasury yields hit multiyear highs, with traders bracing for a hawkish Federal Reserve that’s expected to boost rates to levels not seen since before the 2008 financial crisis. A slide in equities pushed the S&P 500 more than...

Source: BNN Bloomberg September 21, 2022

BlackRock says earnings cuts are coming for stocks

For stock traders grappling with a hawkish Federal Reserve and a looming recession, the next shoe to drop will be on corporate earnings, according to a BlackRock Inc. co-chief investment officer.  “What we’re concerned about increasingly is earnings downgr...

Source: BNN Bloomberg September 21, 2022

TSX today: S&P/TSX composite ends down nearly 1%, U.S. stock markets also slip

Canada's main stock index closed down almost one per cent in broad-based declines, similar to losses in U.S. stock markets a day ahead of the U.S. Federal Reserve's latest rate decision. The S&P/TSX Composite Index ended down 193.69 points, or 0.99 per cen...

Source: BNN Bloomberg September 21, 2022

Dimon blasts higher capital requirements as CEOs head to capitol

Jamie Dimon took aim at higher capital requirements ahead of a pair of congressional hearings this week, calling an upcoming increase for JPMorgan Chase & Co. “bad for America.” Dimon, the longtime chief executive officer of the biggest US bank, is set to...

Market Call Source: BNN Bloomberg September 21, 2022

Christine Poole's Top Picks: September 20, 2022

Christine Poole, chief executive officer and managing director at GlobeInvest Capital Management FOCUS: North American large-cap stocks MARKET OUTLOOK: Inflation, a lagging indicator, is moving in the right direction but remains too hot and well ab...

FP Economy Source: Financialpost September 21, 2022

99.9% odds of Fed-induced North American recession, BMO fixed income head says

'The central bankers actually want a recession' It will be nearly impossible for the North American economy to avoid a recession because interest rates will have to rise much higher to quell inflation, according to the head of fixed income at B...

Source: BNN Bloomberg September 20, 2022

U.S. stocks see late-day rebound after unnerving twists

Stocks pushed higher in the final hour of New York trading, with a rally in megacaps like Apple Inc. and Tesla Inc. driving a rebound that followed the worst weekly rout for the market since mid-June. Major equity benchmarks had a tough time finding direct...

Source: BNN Bloomberg September 20, 2022

TSX recap: Index closes 0.91% higher after choppy day

Canada's main stock index closed up, boosted in part by strength in the mining sector, while U.S. stock markets closed higher after falling earlier in the day. The S&P/TSX Composite Index ended up 176.50 points, or 0.91 per cent, at 19,562.38. In New Yo...

Market Call Source: BNN Bloomberg September 20, 2022

Patricia Perez-Coutts' Top Picks: September 19, 2022

Patricia Perez-Coutts, portfolio manager, PenderFund Capital Management FOCUS: Emerging and global markets  MARKET OUTLOOK: Despite the recent macro setbacks in both Europe and North America, we see several important positive macroeconomic signals...

Source: Bankofcanada September 20, 2022

Anatomy of a pandemic: Applying old lessons and learning from new ones

Deputy Governor Paul Beaudry describes how the lessons learned from previous economic crises helped central bankers during the global COVID‑19 pandemic. He also talk...