Daily News

Market Call Source: BNN Bloomberg August 24, 2023

Eric Nuttall's Top Picks: August 23, 2023

Eric Nuttall, partner and senior portfolio manager, Ninepoint Partners FOCUS: Energy stocks  MARKET OUTLOOK: The global oil market is in deep deficit due to record high oil demand, despite over a year of recessionary fears, and restrained oil expor...

Source: BNN Bloomberg August 24, 2023

​Software companies positioned to grow: Analyst

Artificial intelligence will be a catalyst for growth at numerous software companies as the technology is integrated more into daily operations and offerings, according to one analyst.    Speaking with BNN Bloomberg’s Amber Kanwar on Wednesday, Tyler Radke,...

Company News Source: BNN Bloomberg August 24, 2023

Nvidia earnings could set tone for global stock market

Big Tech’s earnings season is wrapping up with a bang: Nvidia Corp., at the center of the artificial intelligence frenzy, is reporting results that could set the tone for global stock markets for the rest of the year. The chipmaker has added more than US$3...

Source: BNN Bloomberg August 24, 2023

TSX recap: Index climbs 0.96% on broad-based rally

Technology stocks helped lead a broad-based rally, bringing Canada's main stock index up almost 200 points Wednesday, while U.S. stock markets also climbed. Bond yields moved lower Wednesday, easing pressure on equities after a string of increases recently...

Source: BNN Bloomberg August 24, 2023

Nvidia soars as insatiable AI demand fuels blowout forecast

Nvidia Corp., already the star of the tech industry’s race toward artificial intelligence computing, delivered another stunningly strong quarterly revenue forecast, fueled by surging demand for its AI processors. The shares soared more than 8 per cent in e...

Source: Financialpost August 24, 2023

Not all pensions are created equally, so choose wisely

Variations can impact retirement income, estate planning, control and costs Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this pa...

Source: Financialpost August 24, 2023

More office workers call in sick on August 24 than any other day

People most often call in sick citing stomach bugs, but absences for mental health reasons are also on the rise Perhaps it’s the inexplicable craving for a day off ahead of the big Labour Day holiday. Perhaps it really is a stomach bug, or that...

Economy Source: Financialpost August 24, 2023

Slumping retail sales could keep Bank of Canada interest rate on hold

Latest readings suggest economy is slowing Retail sales flatlined in the second quarter while sales volume dropped 0.8 per cent, Statistics Canada said on Aug. 23, signs that economic activity is weakening as the Bank of Canada’s rate hikes tak...

Source: BNN Bloomberg August 23, 2023

U.S. stocks struggle as Nvidia drops in earnings run-up

Stocks failed to gain further traction a day after the rally in big tech, with traders bracing for Nvidia Corp.’s results — which are set to test Wall Street’s fervor around the artificial-intelligence hype. The S&P 500 extended its August slide. Banks dro...

Source: BNN Bloomberg August 23, 2023

TSX today: Financial stocks drive index lower

Losses in the financial sector helped lead Canada's main stock index lower in late-morning trading, while U.S. stock markets were mixed. The S&P/TSX Composite Index was down 68.94 points, or 0.35 per cent, at 19,715.93. In New York, the Dow Jones Indust...