Daily News

Source: BNN Bloomberg June 18, 2022

Canadian stocks plummet in worst week since the pandemic crash

Canadian stocks plunged in the market’s worst week in more than two years as investors fled riskier assets amid deepening concerns that red-hot inflation could trigger a recession. The S&P TSX Composite Index fell 0.4 per cent on Friday, extending losses t...

Source: BNN Bloomberg June 18, 2022

How the 2022 bear market is different from the last one

It’s time to navigate through what traders call a “sea of red,” the color used to signal declines in asset prices on their computer screens. Almost everywhere you look right now, it’s crimson. The S&P 500 has fallen more than 20 per cent from its high on J...

Source: BNN Bloomberg June 18, 2022

The Week Ahead: Inflation data due; Sobeys parent company to report earnings

Monday, June 20 Notable data: New Housing Price Index US Markets are closed for Juneteenth Collision conference kicks off at 5pm ET and runs until the 23rd Tuesday, June 21 Notable data: Cdn. Retail Sales, US Existing Home Sales Notable...

Source: BNN Bloomberg June 17, 2022

Stock market gets crushed with recession worries mounting

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...

Source: BNN Bloomberg June 17, 2022

Tesla stock has more than Twitter weighing on it

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...

Market Call Source: BNN Bloomberg June 17, 2022

Brian Madden's Top Picks: June 16, 2022

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,...

Source: BNN Bloomberg June 17, 2022

Private equity faces 'crisis of value' over inflated prices

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,...

Source: BNN Bloomberg June 17, 2022

TSX sinks 3% amid hangover from U.S. Fed rate hike

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...

Source: BNN Bloomberg June 16, 2022

Stocks jump as Powell soothes Wall Street's nerves

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...

Source: BNN Bloomberg June 16, 2022

Investors are increasingly skeptical of ESG. This is why

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...