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 […]
Investors look through stock information at a securities firm in Haikou, Hainan province, on Friday. Photograph: Zhao Yingquan/Xinhua Press/Corbis
As the east coast of China was put on high alert for the approach of super-typhoon Chan-hom, it was not clear whether the financial storm that has rocked the country’s stock markets had blown itself out.Share prices rebounded to record their best […]
E-pocalypse now: Airline, stock exchange hit by computer glitchesPublished time: July 08, 2015 23:56Get short URLReuters / Chip EastTagsHacking, Information Technology, Modernization, Politics, Security, USAUnited Airlines was writing boarding passes by hand before stopping all flights for three hours. Then the New York Stock Exchange halted all trades, citing a mysterious “technical glitch.” It wasn’t a cyberattack, US officials said […]
China freezes IPOs to stop rapid stock market decline – reportPublished time: July 04, 2015 22:59Get short URLA general view of the Hong Kong Stock Exchange trading hall. (Reuters / Bobby Yip)TagsChina, Economy, Finance, IPO, InvestmentChina has curbed the sale of newly issued stock and created a market stabilization fund, as it tries to halt a stock market plunge that […]
Advaxis, Inc. (NASDAQ:ADXS) is a biotechnology company which focuses on developing drug technology for treating Cancer. Alongside many other biotech stocks, Advaxis, Inc. (NASDAQ:ADXS)’s shares surged by 108% so far in 2015. However, in the last 30 days, the stock is down by 25%. Today, Advaxis is down by around 10%, after jumping by 17% on Tuesday. There have been […]
“By declaring Greece in arrears, the IMF avoided using the term ‘default,’” says this morning’s New York Times.If you read yesterday’s 5 Minute Forecast, you already knew that’s what would happen. The Greek government missed a $1.7 billion payment to the International Monetary Fund. But don’t call it a default.The U.S. finance industry played this game a few years ago. […]
Kyle Anderson: This is the second-longest stretch without a stock market correction for the S&P 500 since 1945, according to RBC Wealth Management.It’s been more than 1,350 days since we’ve seen a correction in the S&P 500.A stock market correction is defined as a 10% dip from the index’s high.Have you ever wondered how billionaires continue to get RICHER, while the rest of the world […]
An electronic display in Shanghai’s business district shows the performance of China’a two main stock market indices. Photograph: Aly Song/Reuters
Chinese stock markets plunged on Friday as investors rushed to sell over fears that frenzied buying in recent months had sent share prices to unsustainable levels.The Shanghai composite index, which reached a post-crash record of 5,166 earlier this month, has since […]
Related LENEarnings Scheduled For June 24, 2015Can Lennar Post Low-Teens EPS Growth? Experts & Crowd DisagreeNotable earnings before Wednesday’s open(Seeking Alpha)Related NFLXLucky Number 7? Netflix Splits Stock, Shares RiseNetflix Goes 7-For-1; Vanda Pharma And FibroGen Lead Tuesday’s After-Hours MoversNETFLIX(Investor’s Business Daily)Some of the stocks that may grab investor focus today are:Wall Street expects Lennar Corporation (NYSE: LEN) to report its […]
Don’t miss the chance to talk to expert options, forex and equity traders on this week’s #PreMarket Prep!Be sure to tune in at 8:00 a.m. EST Monday-Friday here to interact with our veteran traders, market technicians and money managers that come on the show.Monday, June 22, 8:20 a.m.Paul La Monica (@LaMonicaBuzz), Digital Correspondent at CNNMoneyPaul La Monica writes daily about […]
