Daily News

Company News Source: BNN Bloomberg May 04, 2024

Apple rallies most in 18 months on upbeat forecast, buyback

Apple Inc. shares jumped the most in almost a year-and-a-half after the company posted stronger-than-expected sales last quarter and predicted a return to growth in the current period, sparking optimism that a slowdown is easing. Though revenue fell 4.3 pe...

Source: BNN Bloomberg May 04, 2024

Markets today: U.S. stocks bulls back in charge as jobs fuel Fed bets

Stocks notched their biggest advance since February as a slowdown in U.S. jobs sent bond yields sliding, with traders reviving bets on Federal Reserve rate cuts this year. A softer-than-estimated payrolls number — that did not signal the labor market is ro...

Market Call Source: BNN Bloomberg May 04, 2024

Brooke Thackray's Top Picks: May 3, 2024

Brooke Thackray, research analyst, Global X FOCUS: Seasonal investing and technical analysis  MARKET OUTLOOK: The S&P 500 Index has been struggling after setting an all-time high on March 28, 2024. Recently, the S&P 500 has broken its upward trend...

Source: BNN Bloomberg May 04, 2024

Apple's US$110 billion stock buyback plan is largest in U.S. history

In a move fitting for one of the largest companies in the world, Apple Inc. just announced the biggest U.S. buyback ever, saying its board approved an additional US$110 billion in share repurchases.  With the announcement, the maker of iPhones tops its own...

Source: BNN Bloomberg May 04, 2024

The Week Ahead: BoC Financial System Review; Shopify earnings

Monday, May 6 Earnings: Energy Fuels Inc, Westshore Terminals, MEG Energy, Finning Intl, Tyson Foods, Loews Corp    Tuesday, May 7 Earnings: Pet Valu, Ballard Power, George Weston, Kinross, Boardwalk REIT, Spin Master, Riocan REIT, Dream Indu...

Source: Financialpost May 04, 2024

FP Answers: How will retiring early and working part time impact my CPP payments?

Couple planning to winter in Panama wants help deciding whether wife should start collecting at age 60Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through lin...

Source: Financialpost May 04, 2024

CRA employees will also be required to work in office 3 days a week: ‘We feel betrayed’

Follows Treasury Board of Canada Secretariat’s leadThe Canada Revenue Agency (CRA) will soon require employees to make their way to the office for at least three days a week, following the Treasury Board of Canada Secretariat’s lead. We apologize, but...

Source: Financialpost May 04, 2024

David Rosenberg: Why the Bank of Canada needs to start cutting rates … Now

Key data points indicate the central bank is keeping policy 'far too tight'The most important inflation metric, the CPIX, which excludes the eight most volatile segments of the index, is running at 2.1 per cent on a year-over-year basis. That is pretty well...

Source: Financialpost May 04, 2024

Killer TD variable rate mortgage could be sign of better deals to come

Robert McLister: Offer is 101 basis points lower than Canada's benchmark prime rate of 7.2%, but bank appears to be playing coy with this sizzling discountThe nation’s second-biggest bank just launched a killer variable mortgage rate. But keep it quiet. Appa...

Personal Finance Source: BNN Bloomberg May 03, 2024

Young investors more likely to switch advisers, citing high fees: J.D. Power survey

Traditional wealth management firms are at an increasing risk of losing younger clients, particularly as new rules to make investment fees more transparent loom, a new survey shows. An investor satisfaction study by J.D. Power finds 25 per cent of generati...