Daily News

Source: BNN Bloomberg November 19, 2022

U.S. stocks eke out gains; oil tumbles as demand slows

U.S. stocks ended with a slight gain Friday after shrugging off Federal Reserve warnings that there was more policy tightening to come. Oil futures fell on signs that the market is currently awash in supply. The S&P 500 Index added 0.5 per cent  Friday to...

Source: BNN Bloomberg November 19, 2022

Ontario Teachers leads bidding for SSE Networks stake

Ontario Teachers’ Pension Plan Board is emerging as the frontrunner to acquire a stake in SSE Plc’s multibillion-pound electricity networks, people with knowledge of the matter said.  The Canadian pension fund is negotiating terms of a deal to invest in SS...

Market Call Source: BNN Bloomberg November 19, 2022

Christine Poole's Top Picks: November 18, 2022

Christine Poole, chief executive officer and managing director, GlobeInvest Capital Management FOCUS: North American large cap stocks  MARKET OUTLOOK: Financial markets are being swayed by data points and commentaries that may provide insight into...

Source: BNN Bloomberg November 19, 2022

The Week Ahead: Earnings from Alimentation Couche-Tard; retail sales data due

Monday, November 21 Notable earnings: JM Smucker, Dell Technologies, Zoom Video Communications Tuesday, November 22 Notable data: Retail Sales, New Housing Price Index Notable earnings: Alimentation Couche-Tard, George Weston, Canadian Sola...

Source: BNN Bloomberg November 19, 2022

Bank of America sees bear rally fizzling out even as equity inflows surge

Investors flocked back into equities at the fastest pace in about eight months on signs of cooling inflation, but Bank of America Corp. strategists warn the rally will fizzle out due to earnings risks and staunchly hawkish central banks. Global stock funds...

Source: BNN Bloomberg November 19, 2022

TSX recap: Index finishes 0.48% higher amid strength in telecom stocks

Canada's main stock index gained almost 100 points Friday, boosted by strength in industrials and telecom, while U.S. markets were also up.  The S&P/TSX Composite Index was up 96.33 points, or 0.48 per cent, at 19,980.91. Sign up to get breaking news...

Source: BNN Bloomberg November 19, 2022

Ontario Teachers' Pension Plan becomes second public pension to write off crypto bet

For the second time this year a major Canadian public pension is writing down to zero a bet on cryptocurrency as the risky market sours. The Ontario Teachers' Pension Plan said this week it will write off its US$95-million investment in FTX, the cryptocurr...

Source: BNN Bloomberg November 18, 2022

From Genesis to Gemini, How FTX's Collapse Signals No One Is Safe

(Bloomberg) -- The fallout from FTX’s collapse shows few signs of easing as the crypto industry reckons with direct exposures, plunging token prices, and newfound skepticism of even long-established participants. Less than a week after Sam Bankman-Fried’s emp...

Source: BNN Bloomberg November 18, 2022

U.S. stocks drop for a second day as Fed hawks circle

U.S. stocks and Treasuries slumped as Federal Reserve officials hammered home their resolve to remain persistent in their fight against inflation and warned of more pain to come.   The S&P 500 and the tech-heavy Nasdaq 100 declined for the second straight...

Source: BNN Bloomberg November 18, 2022

Cathie Wood's ARK Investment Management launches new ETFs with BMO

BMO Investments Inc. announced Thursday it is launching a series of new funds managed by ARK Investment Management LLC that will focus on disruptive innovation.  There will be three new BMO ARK Funds, each with an emphasis on secular trends and disruptive...