Daily News

Source: BNN Bloomberg May 15, 2024

GameStop shares extend meme rally as retail traders pile in

Meme-stock traders again piled into GameStop Corp. and AMC Entertainment Holdings Inc., a day after shares of both firms soared in a revival of the retail frenzy.  The video-game retailer’s stock jumped 120 per cent in premarket trading on Tuesday, while t...

Source: BNN Bloomberg May 15, 2024

Markets today: Stock futures fall after PPI with Powell in focus

Stock futures fell after data showed inflation remains stubborn, adding to bets the U.S. Federal Reserve will be in no rush to cut rates this year. S&P 500 contracts signaled the U.S. equity benchmark will trim this months gains. Treasury two-year yields,...

Source: BNN Bloomberg May 15, 2024

Meme stock resurgence will 'end in tears,' says portfolio manager

One portfolio manager says gains in GameStop Corp. shares have nothing to do with the company's performance, adding that investors should stay away from the renewed enthusiasm in meme stocks.  On Monday, Bloomberg News reported GameStop shares surged follo...

Source: BNN Bloomberg May 15, 2024

Wall Street reaps 97% return by trading emerging markets 'special situations'

Buying debt sold by the lowest-rated countries scares off most investors. On emerging markets desks across the globe though, that type of risky wager is being dubbed “special situations” — and its popularity is growing. The strategy has been gaining tracti...

Market Call Source: BNN Bloomberg May 15, 2024

Gordon Reid's Top Picks: May 14, 2024

Gordon Reid, president and CEO, Goodreid Investment Counsel FOCUS: U.S. equities  MARKET OUTLOOK: April was a shaky month for U.S. equity markets, with a five per cent correction for the S&P 500 Index, but many higher beta stocks endured a much rou...

Source: Financialpost May 15, 2024

Howard Levitt: It’s an employee’s world. Employers are just living in it

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by Workday Workday Employee protections are increasi...

Source: Financialpost May 15, 2024

Capital gains tax hike proposal should be delayed, if not scrapped altogether

Kim Moody: So many questions about the changes, Canadians are 'planning in the dark'Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. I...

Source: Financialpost May 15, 2024

Wealthy Canadians sour on state of economy in wake of capital gains tax changes, poll finds

Only 31% of Canadians in the highest-income group think the economy is moving in the right directionOttawa’s changes to the capital gains tax appear to have gotten under the skin of Canada’s wealthiest wage group, an ongoing poll that tracks the financial ou...

Source: Financialpost May 15, 2024

Posthaste: How Canada could have avoided the mortgage payment shock now ripping through the economy

Longer mortgages terms would have lessened the pain, says new report We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: How Canada could have avoided the mortgage pa...

Source: Financialpost May 15, 2024

Bank of Canada risks recession if it waits to cut interest rates: Rosenberg Research

Watch Dylan Smith on why the central bank should start cutting ratesDylan Smith, vice-president and senior economist at Rosenberg Research, talks with Financial Post’s Larysa Harapyn about why the Bank of Canada should start cutting interest rates. He says C...