Daily News

Source: BNN Bloomberg September 23, 2022

Nasdaq increases scrutiny of small-cap IPOs after big swings

Nasdaq Inc. is stepping up scrutiny of initial public offerings by small-cap companies, according to people familiar with the matter, after a series of outsized gains by new listings that quickly evaporated.  The exchange is looking more closely at prospec...

Help Wanted Source: Financialpost September 23, 2022

Kevin Carmichael: Persistent labour shortages may prove a bittersweet victory for workers

Workers will reclaim a bigger piece of the pie, but will they be any better off than when wages were being suppressed? Record job vacancies show labour is about to take its revenge. Victory might be bittersweet. We apol...

Source: BNN Bloomberg September 22, 2022

U.S. stocks roiled by crazy gyrations after hawkish Fed

Stocks saw some wild swings, with traders overwhelmed by the many headlines that followed the Federal Reserve decision and ended up signaling at least one thing: policy will remain aggressively tight -- making the odds of a soft landing look increasingly elus...

Market Call Source: BNN Bloomberg September 22, 2022

Michael Sprung's Top Picks: September 21, 2022

Michael Sprung, president, Sprung Investment Management FOCUS: North American large-cap stocks MARKET OUTLOOK: Volatile markets are likely to persist for some time. The pandemic highlighted the fragility of global supply chains and put a new focus...

Source: BNN Bloomberg September 22, 2022

TSX today: Composite index falls 0.95% after hawkish Fed hike

Canada's main stock index ended down almost one per cent and U.S. stock indexes closed even lower following whipsaw trading after the U.S. Federal Reserve raised its key interest rate by three-quarters of a percentage point and signalled more sharp hikes to c...

Source: BNN Bloomberg September 21, 2022

U.S. stocks slump with two-year U.S. yield on cusp of 4%

Stocks came under pressure as Treasury yields hit multiyear highs, with traders bracing for a hawkish Federal Reserve that’s expected to boost rates to levels not seen since before the 2008 financial crisis. A slide in equities pushed the S&P 500 more than...

Source: BNN Bloomberg September 21, 2022

BlackRock says earnings cuts are coming for stocks

For stock traders grappling with a hawkish Federal Reserve and a looming recession, the next shoe to drop will be on corporate earnings, according to a BlackRock Inc. co-chief investment officer.  “What we’re concerned about increasingly is earnings downgr...

Source: BNN Bloomberg September 21, 2022

TSX today: S&P/TSX composite ends down nearly 1%, U.S. stock markets also slip

Canada's main stock index closed down almost one per cent in broad-based declines, similar to losses in U.S. stock markets a day ahead of the U.S. Federal Reserve's latest rate decision. The S&P/TSX Composite Index ended down 193.69 points, or 0.99 per cen...

Source: BNN Bloomberg September 21, 2022

Dimon blasts higher capital requirements as CEOs head to capitol

Jamie Dimon took aim at higher capital requirements ahead of a pair of congressional hearings this week, calling an upcoming increase for JPMorgan Chase & Co. “bad for America.” Dimon, the longtime chief executive officer of the biggest US bank, is set to...

Market Call Source: BNN Bloomberg September 21, 2022

Christine Poole's Top Picks: September 20, 2022

Christine Poole, chief executive officer and managing director at GlobeInvest Capital Management FOCUS: North American large-cap stocks MARKET OUTLOOK: Inflation, a lagging indicator, is moving in the right direction but remains too hot and well ab...