Daily News

Source: BNN Bloomberg July 19, 2022

Stock optimism evaporates with Apple hiring plans

US stocks turned sharply lower after Apple Inc.’s plans to slow hiring added to investor worries that the Federal Reserve’s campaign against inflation will drop the economy into a recession. The S&P 500 extended losses in the last hour of trading, after co...

Source: BNN Bloomberg July 19, 2022

TSX today: Energy leads charge higher with oil above US$100

The S&P/TSX Composite Index kicked off the week with a triple-digit gain, bucking the North American trend as all major U.S. markets reversed course midway through the trading day to end in the red. The Canadian index closed 201.17 points higher, or 1.09 p...

Market Call Source: BNN Bloomberg July 19, 2022

Barry Schwartz's Top Picks: July 18, 2022

Barry Schwartz, chief investment officer and portfolio manager, Baskin Wealth Management FOCUS: North American large-cap stocks MARKET OUTLOOK: I don’t blame any investor for being nervous in this environment. We are facing slowing growth, a possib...

Source: BNN Bloomberg July 19, 2022

Morgan Stanley sees stock losses even if there’s no recession

One of Wall Street’s biggest bears says US stocks are likely to face more declines even if the economy manages to avoid a recession. “Counter-trend rally may continue, but make no mistake, we don’t believe this bear market is over, even if we avoid a reces...

Source: BNN Bloomberg July 19, 2022

Bitcoin rally prompts outsized gains in crypto mining stocks

Shares of Bitcoin miners are outperforming the largest digital currency by a wide margin as demand for a way to gain exposure to the sector without actually buying the token rebounds.  While Bitcoin rose as much as 7.5 per cent, shares of top miners such a...

Source: BNN Bloomberg July 16, 2022

Stocks rally as odds of U.S. Fed going bigger come down

The stock market snapped back at the end of a dizzying week as traders reduced their wagers on a bigger Federal Reserve hike in July, while parsing a raft of Wall Street earnings and hoping for signs of capitulation that could set the stage for a more sustain...

Company News Source: BNN Bloomberg July 16, 2022

BlackRock second-quarter inflows slow amid market turmoil

BlackRock Inc. clients slowed the amount of money they poured into the firm’s core investment funds as markets cratered and inflation surged. Net inflows into those products, called long-term funds, totaled US$69 billion for the three months ended June 30,...

Source: BNN Bloomberg July 16, 2022

A short seller's life upended: Carson Block questions future

Carson Block was on a Delta flight to New York when he felt blood pooling on his seat. It’s a tale the famous, filter-free founder of trading firm Muddy Waters Capital launches into to make a point about misdoings among short sellers, the subject of a vast...

Source: BNN Bloomberg July 16, 2022

TSX ends volatile week 3% lower as investors sour on banks

Canada’s benchmark index closed higher Friday but it wasn’t enough to pull the S&P/TSX Composite Index out of a weekly loss as the heavyweight financial subsector buckled under souring investor sentiment. The Canadian benchmark index closed 65.39 points hi...

Market Call Source: BNN Bloomberg July 16, 2022

Zachary Curry's Top Picks: July 15, 2022

Zachary Curry, director and portfolio manager, Greenrock Capital Partners FOCUS: North American large caps MARKET OUTLOOK: There has definitely been no shortage of doom and gloom headlines over the past six months. While we agree that the overall m...