Daily News

Source: BNN Bloomberg April 19, 2022

Stock rally that nobody saw coming is refusing to go quietly

Hedge funds distrust it, a clutch of strategists say it’s doomed, and the Federal Reserve probably wishes it would stop. But a fearsome stock market rally that has been giving prognosticators fits is refusing to go away.   A final-hour surge Friday salvage...

Source: BNN Bloomberg April 19, 2022

Russian bondholders brace for next hurdles even as payments flow

Investors in Russia’s sovereign bonds are looking further down the horizon as Vladimir Putin’s government navigates the fallout of international sanctions in order to stave off default. A carve-out in U.S. measures against Russia has allowed overseas bondh...

Source: BNN Bloomberg April 19, 2022

Tech leads share gains as Musk buys Twitter stock

Financial markets began the week with modest moves across assets as investors assessed the latest central bank commentary and developments in Ukraine. Tech shares drove gains in American stocks, powered by Twitter Inc. The social media company surged as mu...

Commodities Source: BNN Bloomberg April 19, 2022

LME faces U.K. regulatory review over nickel market turmoil

The Financial Conduct Authority and Bank of England will undertake reviews into the governance, market oversight and risk management of the London Metal Exchange after a massive short squeeze led to weeks of turmoil that paralyzed the nickel market. The LM...

Source: BNN Bloomberg April 19, 2022

Dimon calls for more sanctions on Russia, expresses pity for Fed

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon called for ratcheting up sanctions against Russia in response to its invasion of Ukraine and said the Federal Reserve may ultimately raise interest rates more than the market expects. The U.S. should...

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...