Daily News

Source: BNN Bloomberg September 28, 2022

U.S. stocks drop for sixth session as rate woes persist

U.S. stocks ended a volatile session lower after a slew of Federal Reserve officials hammered home their resolve to remain aggressive in their fight against inflation. The S&P 500 dropped for the sixth straight session, its longest losing streak since Febr...

Source: BNN Bloomberg September 28, 2022

Wall Street’s Whatsapp probe set to result in historic fine

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. ...

Source: Bankofcanada September 28, 2022

Bank of Canada welcomes IMF report following transparency review

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...

Source: BNN Bloomberg September 27, 2022

U.S. stocks, commodities drop; U.S. Treasury yields surge

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...

Source: BNN Bloomberg September 27, 2022

U.S. stocks, commodities drop; U.S. Treasury yields surge

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...

Source: BNN Bloomberg September 27, 2022

Pound bounces from record, traders turn sights to BOE

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...

Source: BNN Bloomberg September 27, 2022

BOE's pledge to do what's needed fails to soothe market nerves

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...

Source: BNN Bloomberg September 27, 2022

TSX recap: Index closes down 0.83% on widespread losses

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...

Market Call Source: BNN Bloomberg September 27, 2022

David Burrows' Top Picks: September 26, 2022

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...

Source: BNN Bloomberg September 27, 2022

Everything-selloff on Wall Street deepens on 98% recession odds

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...