Daily News

Source: BNN Bloomberg July 19, 2022

Morgan Stanley sees stock losses even if there’s no recession

One of Wall Street’s biggest bears says US stocks are likely to face more declines even if the economy manages to avoid a recession. “Counter-trend rally may continue, but make no mistake, we don’t believe this bear market is over, even if we avoid a reces...

Source: BNN Bloomberg July 19, 2022

Bitcoin rally prompts outsized gains in crypto mining stocks

Shares of Bitcoin miners are outperforming the largest digital currency by a wide margin as demand for a way to gain exposure to the sector without actually buying the token rebounds.  While Bitcoin rose as much as 7.5 per cent, shares of top miners such a...

Source: BNN Bloomberg July 16, 2022

Stocks rally as odds of U.S. Fed going bigger come down

The stock market snapped back at the end of a dizzying week as traders reduced their wagers on a bigger Federal Reserve hike in July, while parsing a raft of Wall Street earnings and hoping for signs of capitulation that could set the stage for a more sustain...

Company News Source: BNN Bloomberg July 16, 2022

BlackRock second-quarter inflows slow amid market turmoil

BlackRock Inc. clients slowed the amount of money they poured into the firm’s core investment funds as markets cratered and inflation surged. Net inflows into those products, called long-term funds, totaled US$69 billion for the three months ended June 30,...

Source: BNN Bloomberg July 16, 2022

A short seller's life upended: Carson Block questions future

Carson Block was on a Delta flight to New York when he felt blood pooling on his seat. It’s a tale the famous, filter-free founder of trading firm Muddy Waters Capital launches into to make a point about misdoings among short sellers, the subject of a vast...

Source: BNN Bloomberg July 16, 2022

TSX ends volatile week 3% lower as investors sour on banks

Canada’s benchmark index closed higher Friday but it wasn’t enough to pull the S&P/TSX Composite Index out of a weekly loss as the heavyweight financial subsector buckled under souring investor sentiment. The Canadian benchmark index closed 65.39 points hi...

Market Call Source: BNN Bloomberg July 16, 2022

Zachary Curry's Top Picks: July 15, 2022

Zachary Curry, director and portfolio manager, Greenrock Capital Partners FOCUS: North American large caps MARKET OUTLOOK: There has definitely been no shortage of doom and gloom headlines over the past six months. While we agree that the overall m...

Source: BNN Bloomberg July 16, 2022

Chaos is becoming the rational base case in market ruled by fear

Ask paid stock forecasters what the market will do next, and the answers aren’t reassuring. Anything from plunge 12 per cent to jump 32 per cent, say S&P 500 strategists tracked by Bloomberg, among the widest ranges on record. Such a breadth of outcomes is...

Source: BNN Bloomberg July 16, 2022

Private equity deals slow in Canada, signalling risks ahead

Canadian private equity firms pulled back on deal making in the first half of 2022, according to recent data from industry tracker PitchBook, with experts attributing the slowdown to economic factors such as rising interest rates and inflation.     The down...

Source: BNN Bloomberg July 16, 2022

The complex and sometimes controversial task of counting how far a dollar goes

It used to be said that a penny saved was a penny earned, but rising prices helped push out the penny years ago, and with inflation now running at well over seven per cent, it’s eating into every nickel and dime. So while inflation is clearly happening, ac...