Daily News

Company News Source: BNN Bloomberg October 12, 2023

Birkenstock’s strong brand can withstand disappointing IPO: analyst

It was a disappointing initial public offering (IPO) day on Wall Street for Birkenstock, but a retail analyst says the brand is still well-positioned in the footwear category. Shares of the shoemaker opened 11 per cent lower than its initial offer price on...

Market Call Source: BNN Bloomberg October 12, 2023

Keith Richards' Top Picks: October 10, 2023

Keith Richards, president and chief portfolio manager, ValueTrend Wealth Management FOCUS: Technical analysis  MARKET OUTLOOK: Last month on BNN Bloomberg, I noted that we were bearish and holding nearly 30 per cent cash in our equity models. We di...

Source: BNN Bloomberg October 12, 2023

Wall Street brushes off hot PPI as U.S. stocks advance

Stocks extended their rebound from oversold levels as traders shrugged off a hotter-than-estimated inflation reading to focus on less hawkish comments from Federal Reserve speakers. Oil fell after an early-week surge. The S&P 500 rose for a fourth straight...

Source: BNN Bloomberg October 12, 2023

TSX recap: Index climbs 0.83% on utilities, telecom stocks

Strength in the utilities, telecommunications and financial sectors helped lift Canada's main stock index higher Wednesday, while U.S. stock markets also rose.  The S&P/TSX Composite Index closed up 162.64 points, or 0.83 per cent, at 19,663.84. In New...

Source: Financialpost October 12, 2023

Air Canada union seeks to close wage gap with U.S. pilots

Charlene Hudy, ALPA's Air Canada chair, talks about negotiations, previous bargaining talks and what pilots are hoping to achieve Air Canada pilots started bargaining talks in June amid a global pilot shortage that’s given aviators all over Nor...

Source: Financialpost October 12, 2023

Brace for global fallout from higher-for-longer interest rates, World Bank warns

Expects some countries to wind up in trouble The prospect that high interest rates will keep constricting the global economy is worrying World Bank officials as they look to the impact on nations nursing large debts. We apo...

Source: BNN Bloomberg October 11, 2023

U.S. stocks rise as Wall Street dials back Fed wagers

Stocks rose and Treasury yields fell after comments from Federal Reserve officials bolstered speculation the central bank is heading toward another pause in interest-rate hikes. Oil edged lower, following its biggest rally since April. The S&P 500 advanced...

Source: BNN Bloomberg October 11, 2023

​TSX today: Index up 300 points as energy stocks push higher

Canada's main stock index was up nearly 300 points in afternoon trading as gains in energy stocks helped lead a broad-based rally and U.S. stock markets also pushed higher.   The S&P/TSX Composite Index was up 304.52 points, or 1.58 per cent, at 19,550.58. ...

Market Call Source: BNN Bloomberg October 11, 2023

Keith Richards' Top Picks: October 10, 2023

Keith Richards, president and chief portfolio manager, ValueTrend Wealth Management FOCUS: Technical analysis  MARKET OUTLOOK: Last month on BNN Bloomberg, I noted that we were bearish and holding nearly 30 per cent cash in our equity models. We di...

Source: BNN Bloomberg October 11, 2023

Small cap tech 'overlooked' by the market: portfolio manager

One portfolio manager said there are currently opportunities for investors in small-cap tech companies.  Grant White, a portfolio manager and investment advisor at iA Private Wealth, told BNN Bloomberg on Tuesday that he sees more upside from smaller tech...