Daily News

U.S. regulators reached settlements with more than a dozen banks in a sprawling probe into how global financial firms failed to monitor employees’ communications on unauthorized messaging apps, bringing total penalties in the matter to more than $2 billion. ...

The Bank of Canada today welcomed the publication by the International Monetary Fund (IMF) of its final report summarizing its pilot review of the Bank’s transparenc...

US stocks fell in a volatile session exacerbated by sharp moves in the UK currency and bond markets, as hawkish central banks across the globe continued to subdue sentiment.  The S&P 500 ended Monday’s session at its lowest level since December 2020. The C...

US stocks fell in a volatile session exacerbated by sharp moves in the UK currency and bond markets, as hawkish central banks across the globe continued to subdue sentiment.  The S&P 500 ended Monday’s session at its lowest level since December 2020. The C...

The pound pared its losses against the dollar, which at one point saw it hit a record low, amid speculation the Bank of England will respond to the sharp moves in markets in the wake of the UK government’s plans to cut taxes and ramp up borrowing. Sterling...

The Bank of England’s attempts to calm financial nerves proved underwhelming as Andrew Bailey’s pledge to change interest rates “by as much as needed” to get control of soaring inflation sparked a fresh wave of selling in the pound. After a day that saw st...

Canada's main stock index ended down Monday on widespread losses driven by rising concerns about economic growth that also pushed U.S. markets lower. "It’s down right across the board, all the major indexes, the Canadian dollar, gold, oil, pretty much you...

David Burrows, president and chief investment strategist, Barometer Capital Management FOCUS: North American Large Caps MARKET OUTLOOK: In our early summer visit, we stated that it appeared June 24th marked an important low for equity markets and r...

Monday brought a stark warning for Wall Street daredevils: Stocks are still in free fall and bearish sentiment is far from getting exhausted -- especially with hawkish central bankers rattling recession-obsessed markets like this. The S&P 500 just sank to...

A selloff in the riskier corners of the market deepened as the U.K.’s plan to lift its economy fuelled concerns about heightened inflation that could lead to higher rates, adding to fears of a global recession. It was a sea of red across equity trading des...