Daily News

Stocks tumbled around the globe as recession fears resurfaced, with the Federal Reserve struggling to get on top of inflation that has proved more persistent and widespread than officials anticipated. The S&P 500 closed at its lowest since December 2020, w...

The Twitter overhang on Tesla Inc. shares is turning out to be among the least of investors’ problems.   Elon Musk’s decision to pursue a takeover of Twitter Inc. contributed to the plunge in Tesla’s stock over the past couple months. Yet even if the billi...

Brian Madden, chief investment officer, First Avenue Investment Counsel FOCUS: North American equities MARKET OUTLOOK: A recession is in the making and investors need to position portfolios defensively by overweighting cash, gold, consumer staples,...

Private owners of assets face a “crisis of value”, after years of prices being driven higher by rock-bottom interest rates, according to two senior private equity figures. “Right now in the private markets it has been a crisis of value,” Gabriel Caillaux,...

North American markets faced a harsh reckoning Thursday following the U.S. Federal Reserve's outsize rate hike a day earlier, with Canada's main stock index dropping more than 600 points at closing time. Major indexes have tumbled in 2022 amid concerns ove...

Stocks rallied, halting a five-day rout that took 10 per cent off the S&P 500, after Federal Reserve Chair Jerome Powell said outsize rate hikes will be rare as officials intensify their battle against sky-high inflation. Treasury yields tumbled alongside the...

ESG has become a punching bag for the far right, for disgruntled corporate executives and even industry insiders. But there’s one group whose growing disapproval might be the ultimate game changer. Retail investors are slowly starting to look under the hoo...

Apple Inc.’s run as a US$3 trillion stock proved fleeting. Now its grip on a US$2 trillion market value is looking wobbly, too. After briefly surpassing US$3 trillion in January, the iPhone maker has lost more than US$800 billion in capitalization as tech...

The Canadian dollar moved lower Wednesday against the U.S. dollar after the Federal Reserve hiked rates by 75 basis points. The loonie recently traded at 77.01 cents U.S. Wednesday afternoon, down from a peak of about 77.41 cents U.S. earlier in the day. T...

Stock markets may have become too pessimistic about corporate earnings despite the gloomy outlook for the global economy, according to Sanford C. Bernstein strategists. “While the probability of an outright recession has likely increased in recent days as...