Daily News

Source: BNN Bloomberg July 06, 2024

U.K. domestic stocks rise most this year on Labour election win

Shares exposed to the British domestic economy saw their best gains of the year, as the Labour Party’s landslide election victory spurred hopes that political stability could support a potential rebound in economic growth. The broader European market also gai...

Source: BNN Bloomberg July 06, 2024

Markets today: U.S. stocks up as path to September Fed cut gets wider

The stock market ended the week at all-time highs, with traders looking past signals of a slowdown in the world’s largest economy to focus on prospects for Federal Reserve rate cuts. In a post-holiday session marked by thin volume, the S&P 500 notched its...

Source: BNN Bloomberg July 06, 2024

Nvidia gets rare downgrade as analyst warns about future upside

Nvidia Corp.’s breakneck rally since the start of last year has finally run out of room to push higher, according to New Street Research analyst Pierre Ferragu. Ferragu downgraded the AI-focused chipmaker to neutral from buy, writing that the stock is “get...

Source: BNN Bloomberg July 06, 2024

Bitcoin falls to lowest since February as fears of sales persist

Bitcoin fell for a fourth consecutive trading session, reaching the lowest since February, on concerns about potential selling by governments, creditors of a failed exchange and beleaguered crypto miners.  The original digital asset fell as much as eight p...

Market Call Source: BNN Bloomberg July 06, 2024

Mike Vinokur's Top Picks: July 5, 2024

Mike Vinokur, portfolio manager at MV Wealth Partners with iA Private Wealth FOCUS: North American large caps  MARKET OUTLOOK: We are cautiously optimistic that U.S. equity markets can keep performing, however, we expect that there will be a rotati...

Source: Financialpost July 06, 2024

Canada's unemployment rate rises to 6.4% as job market stalls

Youth jobless rate hasn't been this high since 2014Canada’s unemployment rate rose to 6.4 per cent in June from 6.2 per cent a month earlier, continuing an upward trend that began in April of 2023, Statistics Canada said on Friday. We apologize, but this...

Source: Financialpost July 06, 2024

Jobless numbers provide ammunition for further Bank of Canada rate cuts, say economists

Canada's unemployment rate rises and job numbers fallThe latest jobs data shows Canada’s unemployment rate continuing to rise, giving the Bank of Canada further ammunition to keep cutting interest rates, economists said. We apologize, but this video has...

Source: BNN Bloomberg July 05, 2024

Markets today: European stocks advance with elections in focus

European stocks rose as key elections held centre stage and investors grew more optimistic about U.S. Federal Reserve interest-rate cuts following U.S. economic data that supported the case for easing. France’s CAC40 benchmark index advanced for a second d...

Source: BNN Bloomberg July 05, 2024

Experts disagree on whether AI will live up to its costs: Goldman Sachs

Experts have mixed opinions on the extent to which generative AI will enhance productivity and the value it can provide relative to its costs, as it faces further challenges from chip and power shortages.  In a report last week, Goldman Sachs looked into t...

Market Call Source: BNN Bloomberg July 05, 2024

Keith Richards' Top Picks: July 4, 2024

Keith Richards, president and chief portfolio manager, ValueTrend Wealth Management FOCUS: Technical analysis  MARKET OUTLOOK: One of the benefits of being in this business for 34 years is that I have been sitting in the same seat through many corr...