Barrie McKenna of the Globe and Mail reports, Bank of Canada cuts key rate as economy contracts, exports stall:
Stephen Poloz is refusing to call it a recession, but the Bank of Canada Governor says the country needs another jolt of interest rate relief as the economy shrinks and exports stall.The central bank lowered its trend-setting overnight rate a quarter percentage […]
REUTERS/Lucas Jackson Traders, governors, and members of the New York Stock Exchange discuss what is happening following a halt in trading on the floor of the exchange in New York, July 8, 2015.Trading was halted at the New York Stock Exchange on Wednesday morning.The latest from the NYSE is that all symbols are not trading and all open orders are […]
REUTERS/Lucas JacksonMembers of the New York Stock Exchange attempt to figure out what caused a halt in trading on the floor of the exchange in New York, July 8, 2015.The New York Stock Exchange is open after a 3-hour halt.At 11:32 a.m. ET on Wednesday, trading on the exchange was halted after a technical glitch. “The issue we are experiencing is […]
The first half of 2015 has come and gone, and the long-running global bull market has significantly faltered.The Dow Jones Industrial Average fell 1.4% through the first six months of 2015, the first time the index has lost ground in that time frame since 2010. The S&P 500 eked out a 0.2% gain in the first half, its smallest H1 […]
Have you come out of your bunker yet after Monday’s Greek tragedy?You might have expected more fireworks yesterday after Monday’s 350-point rout. But the Dow managed to gain 23 points and the Nasdaq tacked on 28.So where do we stand right now? And what should you do with your money today?I’m going to tell you…But before we get to my […]
Presidential hopeful Mike Huckabee tells Republicans on Friday the way to get votes in 2016 is get people to focus on whether their own personal economy has recovered. (Capitol Media Services photo by Howard Fischer)Presidential hopeful Mike Huckabee told Republican party faithful Friday the key to winning the White House is getting people to ignore a booming stock market and […]
China central bank governor’s indications about additional monetary stimulus and a slew of new deals in the healthcare sector helped benchmarks start the holiday shortened week on a positive note. China’s move to ease lending requirements for buying a second home also added to the bullish sentiment. While all 10 sectors of the S&P 500 ended in the green, 28 […]
Wall Street on Friday closed higher for the first time in a week, lifted by rising tech stocks, while oil prices slumped 5 percent on receding fears about Middle East fighting disrupting supplies.U.S. Treasury debt prices jumped on government data indicating U.S. economic growth was slowing and the dollar was down, while gold had its first losing day after a […]
MARCH 21stWORLD MARKETS-Sharp decline in U.S. dollar lifts stocks, oil – Euro has best week against the dollar since 2011 – Oil sharply higher despite oversupply concerns – European stocks helped after Athens’ assurances – Fed Loses Patience, But Is in No Hurry – Oil Markets Brace for Another DelugeThe Fed’s lack of impatience sends markets on a wild ride, […]
Is this another leg for bull stock market? Stocks indices close at a new high in week 8, 2015. Top performing industries are industrial textile, gaming activities, foreign regional banks, and biotech.This post will look into the top performing stocks, industry, and sector. The S&P 500 index has a weekly return of 0.68%. NASDAQ Composite has a weekly return of […]
