Daily News

Technology Source: BNN Bloomberg April 19, 2022

Elon Musk takes 9.2% stake in Twitter after hinting at shake-up

Elon Musk took a 9.2 per cent stake in Twitter Inc. to become the platform’s biggest shareholder, a week after hinting he might shake up the social media industry. Twitter shares surged as much as 26 per cent after Musk’s purchase was revealed Monday in a ...

Market Call Source: BNN Bloomberg April 19, 2022

Ross Healy's Top Picks: April 4, 2022

Ross Healy, chairman of Strategic Analysis Corporation and portfolio manager at MacNicol and Associates Asset Management FOCUS: North American large cap stocks MARKET OUTLOOK: On February 17, I stated on BNN Bloomberg that we had no indication at a...

Source: BNN Bloomberg April 19, 2022

Stocks, bonds fall after hawkish Brainard remarks

U.S. equities and bonds fell as traders weighed hawkish Federal Reserve commentary and a new round of potential sanctions on Russia, ratcheting up global tensions over Moscow’s invasion of Ukraine. The S&P 500 declined, led by losses in technology and cons...

Market Call Source: BNN Bloomberg April 19, 2022

Andrew Pyle's Top Picks: April 5, 2022

Andrew Pyle, investment advisor and portfolio manager, CIBC Wood Gundy FOCUS: North American equities MARKET OUTLOOK: We can’t compare the current environment to two years ago, but in some respects, investors are facing a similar level of anxiety w...

Source: BNN Bloomberg April 19, 2022

Stock picking 'matters more' as playbook changes: Blackrock

A difficult start to 2022 that’s been mired in uncertainty doesn’t mean an ugly outcome is waiting for Wall Street at the end of the year. It just means that investors may need to rebalance their portfolios toward value. That’s the word from Tony DeSpirito...

Source: BNN Bloomberg April 19, 2022

Hawkish U.S. Fed sinks tech shares; Bonds fall

Stocks and long-dated Treasuries maintained losses after minutes from the latest Federal Reserve meeting showed officials were laser focused on tamping down inflation. The S&P 500 ended trading 1 per cent lower while the tech-heavy Nasdaq 100 shed 2.2 per...

Source: BNN Bloomberg April 19, 2022

Markets bet on sharpest pace of Fed tightening since 1994

Money-market traders are betting the Federal Reserve is heading for its most aggressive monetary-policy tightening in almost three decades as it fights a commodity-driven inflation spike. They are pricing in a further 225 basis points of interest-rate hike...

Source: BNN Bloomberg April 19, 2022

Wealthsimple's newest fund aims to bring VC to Main Street

Wealthsimple is aiming to bring the world of venture capital and growth equity to retail investors. The financial services company announced on Wednesday that it has partnered with Washington, D.C.-based alternative asset firm Accolade Partners on the new...

Source: BNN Bloomberg April 19, 2022

Suncor shares go from first to worst in oil-sands boom

Suncor Energy Inc., once Canada’s most valuable oil producer, is now seeing rivals outrun it in the stock market on the heels of the oil-price boom. Over the past year, Suncor shares have risen 56 per cent. That’s less than half the gain for competitor Cen...

Market Call Source: BNN Bloomberg April 19, 2022

Lorne Steinberg's Top Picks: April 6, 2022

Lorne Steinberg, president, Lorne Steinberg Wealth Management FOCUS: Global value stocks and high yield bonds MARKET OUTLOOK: The war in Ukraine and the accompanying sanctions by most western countries will result in higher inflation and slower gr...