Daily News

Company News Source: BNN Bloomberg June 13, 2023

Oracle tops sales estimates as AI-frenzy spurs cloud demand

Oracle Corp. reported quarterly revenue that topped estimates, signaling the software maker’s cloud business is benefiting from heightened demand for artificial intelligence workloads. Shares gained in extended trading. Sales increased 17 per cent to US$13...

Source: Financialpost June 13, 2023

Teachers' restructures real estate division, names new Cadillac Fairview CEO

John Sullivan will be replaced by Salvatore Iacono TORONTO — The Ontario Teachers’ Pension Plan says it’s switching up how it handles real estate investments while announcing that the head of its Cadillac Fairview subsidiary is retiring....

Source: Financialpost June 13, 2023

Posthaste: Why the Bank of Canada will likely raise interest rates again — and maybe again

One and done? Not likely, say economists and the market which predicts one, maybe two, more hikes We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team....

Source: Financialpost June 13, 2023

David Rosenberg: The Bank of Canada may rue its recent interest rate hike

Areas of the economy most sensitive to rates already seem to be in recession There are lies. There are damned lies. And then there are statistics. To paraphrase Mark Twain. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to...

Economy Source: Financialpost June 13, 2023

Protectionism and lack of investment are hobbling Canada's economic potential, report argues

Country on a path to fall behind in competitiveness and experience a slow erosion of living standards Get the latest from Barbara Shecter straight to your inbox Sign Up Canada’s economy isn’t focused enough on investment, a shortcomin...

Source: BNN Bloomberg June 12, 2023

The Week Ahead: U.S. interest rate decision; MLS Home Price Index

Monday, June 12 Notable earnings: Oracle Corp Tuesday, June 13 Notable data: U.S. NFIB Small Business Economic Trends Survey, U.S. Consumer Price Index Notable earnings: Major Drilling FOMC Meeting Begins Wednesday, June 14 Not...

Source: Financialpost June 12, 2023

Why Apple's Vision Pro got such a sour market reaction

Watch: Philip Petursson of Investors Group speaks about Apple's latest product announcement Philip Petursson, chief investment strategist at Investors Group, speaks to the Financial Post’s Larysa Harapyn about Apple Inc.’s new virtual reality g...

Source: BNN Bloomberg June 10, 2023

Looking at entertainment stocks? Expert suggests 'highly profitable' Netflix

Investors looking at the entertainment space for opportunities may want to consider Netflix Inc., one expert says, as the company is poised for growth. Alicia Reese, the vice-president of equity research at Wedbush, told BNN Bloomberg’s Andrew Bell on Frid...

Market Call Source: BNN Bloomberg June 10, 2023

Gordon Reid's Top Picks: June 9, 2023

Gordon Reid, president and chief executive officer, Goodreid Investment Counsel FOCUS: U.S. equities  MARKET OUTLOOK: There is evidence that the equity rally is beginning to broaden. The divergence between a handful of mega-cap tech stock’s perform...

Source: BNN Bloomberg June 10, 2023

U.S. stocks inch further into bull market as tech gains

The S&P 500 inched further into bull-market territory on Friday as technology shares continued to climb amid bets the Federal Reserve is nearing the end of its hiking cycle. The benchmark index added 0.1 per cent, as tech and megacap shares drove another s...