Daily News

Source: BNN Bloomberg October 04, 2022

OSC files allegations of fraud in multimillion-dollar crypto offering

The Ontario Securities Commission says it has filed allegations against Troy Richard James Hogg related to a crypto token offering that raised US$51 million. The statement of allegations says that between May 2017 and June 2019, Hogg, an Ontario resident,...

Source: BNN Bloomberg October 04, 2022

TSX today: Composite up 2.37% as oil tops US$80 a barrel

Gains in the energy sector as the price of oil rose above US$80 a barrel helped Canada's main stock index surge more than 400 points higher on the first day of the fourth quarter, while U.S. stock markets also climbed higher. The S&P/TSX Composite Index wa...

Market Call Source: BNN Bloomberg October 04, 2022

Jason Del Vicario's Top Picks: October 3, 2022

Jason Del Vicario, portfolio manager, Hillside Wealth Management, iA Private Wealth FOCUS: North American and global growth stocks  MARKET OUTLOOK: I have no idea what’s going to happen to the financial markets in the short-term. I came across a qu...

Source: BNN Bloomberg October 04, 2022

Harley-Davidson's e-bike spinoff surges in volatile trading

LiveWire Group Inc. jumped Monday as the electric motorcycle business spun off by Harley-Davidson Inc. rebounded from last week’s disappointing stock market debut. The shares surged as much as 46 per cent during the regular session -- after a 91 per cent p...

Source: BNN Bloomberg October 04, 2022

Wall Street capitulation calls get ever harder as U.S. stocks bounce

After a furious spate of retail selling unseen since December 2018 and beaten-down risk appetite, all the ingredients were in place heading into the big stock rebound Monday. With almost everyone cashing out lately, it didn’t take much to drive the 2.6 per...

Source: BNN Bloomberg October 01, 2022

Wall Street and Main Street bail on U.S. stocks with Fed enemy No. 1

The Federal Reserve isn’t done tightening the screws on the economy -- and doesn’t care what that does to your portfolio. It took six months, but that message is getting received loud and clear in the stock market, day by day. From retail traders to smart-...

Source: BNN Bloomberg October 01, 2022

S&P 500 closes quarter at lowest in two years

U.S. stocks suffered its worst monthly rout since March 2020 after markets were repeatedly pummeled by the Federal Reserve’s resolve to keep raising interest rates until inflation is under control.  The S&P 500 closed a volatile session lower. The index su...

Source: BNN Bloomberg October 01, 2022

BofA strategists see Wall Street rout forcing asset sales

Spiraling losses on Wall Street are now snowballing into forced asset liquidation, according to Bank of America Corp. strategists.  The NYSE Composite Index, which includes US stocks, depositary receipts and real estate investment trusts, has broken multip...

Source: BNN Bloomberg October 01, 2022

TSX today: Composite ekes out 0.01% gain but down for the quarter

A volatile trading day capped the quarter as an early rally evaporated to leave the S&P/TSX Composite Index with the barest of gains while U.S. markets swung deep into the red. The S&P/TSX Composite Index closed up 2.38 points, or 0.01 per cent, Friday at...

Source: BNN Bloomberg October 01, 2022

Pound claws back budget-shock loss on bets for policy revamp

The pound rallied for a fourth day as traders speculated the UK government will water down fiscal policies that pummeled the currency to a record low at the start of the week. Sterling soared over 1 per cent on Friday to US$1.1234, surpassing levels seen b...