Daily News

Source: BNN Bloomberg November 11, 2022

U.S. stocks skyrocket in best post-CPI day on record

Stocks surged in a buy-everything relief rally as slower-than-projected price growth spurred bets the Federal Reserve can downshift its aggressive rate-hike path. The S&P 500 climbed 5.5 per cent for the best first-day reaction to a CPI report since at lea...

Source: BNN Bloomberg November 11, 2022

David Rosenberg says Thursday's market rally will be a brief affair

Investors should enjoy Thursday's uptick in market trading, as this positive momentum won’t continue next year, according to David Rosenberg, founder and president of Rosenberg Research.   “Enjoy today's rally, but it's probably going to be a rather brief...

Source: BNN Bloomberg November 11, 2022

Canada Pension Plan Investment Board sees net assets grow by $6B

Canada Pension Plan Investment Board saw its net assets grow to $529 billion in its second quarter, compared with $523 billion at the end of the previous quarter. Net assets grew by $6 billion compared with the previous quarter, consisting of $1 billion in...

Source: Financialpost November 11, 2022

'I got this wrong': CEOs can't stop saying sorry amid mass layoffs and job losses

Bosses, including Shopify's Tobi Lutke, are blaming themselves for misreading the market While Elon Musk is dominating headlines with his abrupt dismissal of half of Twitter’s workforce, other chief executive officers are taking a decidedly dif...

Source: Financialpost November 11, 2022

From $16 billion to zero: Fortune of FTX's Bankman-Fried wiped out in days

One of history’s greatest-ever destructions of wealth Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. The entire US$1...

Work Source: Financialpost November 11, 2022

Recession or not, some Canadian employers say they're going to keep their workers

The challenge of hiring over the last few months is giving companies pause OTTAWA — Some Canadian employers say they plan to hold onto their workers even if the economy slips into a recession rather than risk not be able to rehire later, which...

Retail & Marketing Source: Financialpost November 11, 2022

Giant Tiger CEO departs amid efforts to position retailer as go-to discount store for inflation-weary shoppers

Privately held retailer has expanded its offering of fresh groceries this year as consumers search for discounts and low prices Giant Tiger Stores Ltd. chief executive Paul Wood departed the company this week in the midst of positioning the dis...

Source: Financialpost November 11, 2022

David Rosenberg: Why that 'remarkable' stock market rally was just another head fake

Flashy rallies like yesterday's 5.5% surge only tend to happen in bear markets, not bull markets We had a lot of big market moves on Thursday, and it all comes down to what the consumer price index (CPI) report did to United States Federal Rese...

Economy Source: Financialpost November 11, 2022

Kevin Carmichael: Why the Bank of Canada's mandate renewal a year ago is causing Macklem headaches today

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by HSBC HSBC There remains a c...

Source: BNN Bloomberg November 10, 2022

U.S. stocks sink on crypto, earnings woes ahead of CPI

U.S. stocks declined as disappointing earnings and renewed selling in cryptocurrencies weighed on risk sentiment ahead of a key inflation report. The dollar gained for the first time in four days.  The S&P 500 put paid to a three-day rally, with all 11 maj...