Daily News

Technology Source: BNN Bloomberg July 29, 2022

Apple stock surge raises stakes as earnings loom

Even as Apple Inc. contends with rising inflation, cooling consumer demand, the strengthening dollar and lockdowns in China, its share price has surged in recent weeks and is heading for its biggest monthly gain in almost two years, up 15 per cent in July....

Source: BNN Bloomberg July 29, 2022

Bausch vows appeal after stock ravaged by patent ruling

Bausch Health Companies Inc. said it plans to vigorously defend its intellectual property after a U.S. judge ruled some patents for one of its drugs were invalid. Shares of the Laval, Que.-based health care firm were decimated Thursday, falling as much as...

Market Call Source: BNN Bloomberg July 29, 2022

Greg Newman's Top Picks: July 28, 2022

Greg Newman, senior wealth advisor and portfolio manager, Newman Group, ScotiaWealth FOCUS: North American dividend stocks and protection strategies  MARKET OUTLOOK: The bulls argue that a U.S. Federal Reserve pivot is starting to appear in sight a...

Source: BNN Bloomberg July 29, 2022

TSX recap: Markets rise in broad rally as investors digest earnings

The S&P/TSX Composite Index reversed early-morning losses to close higher on Thursday as investors continued to analyze corporate earnings and the state of the North American economy. The index closed up 202.15 points, or 1.05 per cent, at 19,456.71 in a b...

Real Estate Source: BNN Bloomberg July 29, 2022

Analyst urges 'caution and patience' on alternative lending stocks

The rapidly-changing dynamics of the mortgage market have pressured alternative lending stocks this year, leading one analyst to warn there could be more room for their share prices to continue falling in the coming months. “While these depressed levels ma...

FP Economy Source: Financialpost July 29, 2022

Canadian economy stalls, but avoids contraction in May

Growth in services-producing industries was offset by a decline in goods-producing industries Canada’s economic expansion showed signs of moderation in May and June, pulling back from a strong start to the year in the face of high inflation and ris...

Source: BNN Bloomberg July 28, 2022

TSX recap: Shopify drags as job cuts spook investors

Shopify Inc.’s stock decline weighed heavily on the S&P/TSX Composite Index on Tuesday as a round of layoffs at the Canadian tech giant added to investor worries about the economy. The Canadian benchmark index closed 131.80 points lower, or 0.69 per cent,...

Source: BNN Bloomberg July 28, 2022

U.S. tech roars in post-Fed rally as bond yields slump

Stocks rallied and Treasury yields fell with the dollar as Jerome Powell said the Federal Reserve will slow the pace of rate increases at one point, while adding that officials would refrain from offering “clear guidance” on the magnitude of their next move....

Source: BNN Bloomberg July 28, 2022

Shopify leads TSX rally; U.S. stocks rise as rate-hike bets ease

North American markets accelerated to the upside Wednesday as investors dialled back expectations for future U.S. Federal Reserve interest rate hikes and continued to digest a barrage of corporate earnings. The S&P/TSX Composite Index closed 281.88 points...

Market Call Source: BNN Bloomberg July 28, 2022

Stan Wong's Top Picks: July 27, 2022

Stan Wong, portfolio manager at Scotia Wealth Management FOCUS: North American large caps and ETFs MARKET OUTLOOK: Equity markets have recovered somewhat with the S&P 500 Index climbing about eight per cent from its June intraday lows. While it is...