The EU’s stockpile of natural gas is at the highest level for April since 2011. That means some EU states could phase out imports of Russian LNG, the bloc’s energy commissioner said. It would also entail increasing the share of renewables and further diversifying sources, Kadri Simson told the FT. Loading Something is loading. Thanks… Continue reading A full phaseout of Russian liquefied natural gas is possible for some EU states, energy commissioner says
Nvidia shares could pop up another 23% as surging AI workloads stokes stronger demand for specialized hardware, Bank of America says
Nvidia shares could rise 23%, Bank of America said in raising its price target on the chipmaker. AI workloads are rising and Nvidia’s specialized hardware should benefit from stronger sales. Nvidia shares have jumped 90% in 2023 as interest in AI is fueled by ChatGPT. Loading Something is loading. Thanks for signing up! Access your… Continue reading Nvidia shares could pop up another 23% as surging AI workloads stokes stronger demand for specialized hardware, Bank of America says
Bank of Canada ‘may need to hike again:’ What the economists are saying about the latest inflation data
Consumer price index data puts inflation on track to slow to 3% this year Published Apr 18, 2023 • Last updated 16 hours ago • 6 minute read While inflation appears to be moving in the right direction, economists warned of some “sticky” areas that could prove challenging to the Bank of Canada. Photo by Darren… Continue reading Bank of Canada ‘may need to hike again:’ What the economists are saying about the latest inflation data
Inflation drops below 5% for the first time in more than a year: What that means to Canadians
Inflation on track with Bank of Canada expectations, but hikes still on the table Get the latest from Kevin Carmichael straight to your inbox Published Apr 18, 2023 • Last updated 19 hours ago • 4 minute read Statistics Canada’s consumer price index increased 4.3 per cent from March 2022, the smallest year-over-year increase since August… Continue reading Inflation drops below 5% for the first time in more than a year: What that means to Canadians
Canada’s inflation cools to 4.3%
Even grocery prices are rising at a slower pace Published Apr 18, 2023 • Last updated 21 hours ago • 1 minute read Prices for food purchased from stores rose 9.7 per cent in March, down from 10.6 per cent in February. Photo by Peter J. Thompson/National Post OTTAWA — Canada’s annual inflation rate fell to… Continue reading Canada’s inflation cools to 4.3%
Bearish investors most underweight stocks versus bonds since 2009, BofA says
Fears of a credit crunch had driven up bond allocation to a net 10% overweight Author of the article: Bloomberg News Sagarika Jaisinghani Published Apr 18, 2023 • 2 minute read Stock market information at the Nasdaq MarketSite in New York. Photo by Michael Nagle/Bloomberg Investor allocation to equities relative to bonds has dropped to… Continue reading Bearish investors most underweight stocks versus bonds since 2009, BofA says
Loblaw hires European retail executive Per Bank as new CEO
European retail exec Per Bank will join the company by early 2024; Weston will remain chairman Get the latest from Jake Edmiston straight to your inbox Author of the article: Published Apr 18, 2023 • Last updated 16 hours ago • 3 minute read Galen Weston will step aside as president but remain chairman of Loblaw.… Continue reading Loblaw hires European retail executive Per Bank as new CEO
Stock Market Today: Stocks Waver Amid a Flurry of Quarterly Reports
Equity markets had a hard time making up their minds Tuesday amid a heavy day of earnings reports from big banks and other blue chip stocks. Hawkish commentary from two Fed officials also caused markets to waver. Dow stocks Johnson & Johnson (JNJ (opens in new tab)) and Goldman Sachs (GS (opens in new tab))… Continue reading Stock Market Today: Stocks Waver Amid a Flurry of Quarterly Reports
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