Household outlook index sinks back to record low Fewer Canadians seem said they have enough savings to cover off two months of unexpected costs. Photo by Osarieme Eweka /Getty Images/iStockphoto Canadians’ outlook for the economy deteriorated in February, as a greater number of households showed signs of worry about the state of their savings, according… Continue reading Fewer Canadians have emergency savings on hand, driving down economic sentiment: poll
Stock Market Today: Blue Chip Stocks Lead Market Lower After Powell Speech
Stocks started Tuesday on shaky footing – and things only unraveled as Federal Reserve Chair Jerome Powell began his semiannual testimony in front of Congress. Prepared remarks from Powell indicated the Fed is ready to keep raising rates if economic data continues to come in strong. The commentary was not welcomed by investors, with the… Continue reading Stock Market Today: Blue Chip Stocks Lead Market Lower After Powell Speech
If You’d Put $1,000 Into Apple Stock 20 Years Ago, Here’s What You’d Have Today
Apple (AAPL (opens in new tab)) stock has rebounded sharply this year after a terrible 2022, but shares still remain well below their all-time high. Even after gaining nearly 19% for the year-to-date – vs. a 5.8% rise in the S&P 500 – Apple stock is still some 17% below its record close of early… Continue reading If You’d Put $1,000 Into Apple Stock 20 Years Ago, Here’s What You’d Have Today
Will Rising Interest Rates Lead to Soft Landing or Recession?
Editor’s note: This is part one of a three-part series about what the economy and markets could look like this year. Part two, coming next week, will highlight new tailwinds for investors. Part three, coming in two weeks, will share five investment strategies for investors to focus on in 2023. The year 2022 will forever… Continue reading Will Rising Interest Rates Lead to Soft Landing or Recession?
Dow drops 574 points as Fed chief Powell opens the door to steeper rate hikes
Jason Ma Federal Reserve Board Chairman Jerome Powell speaks during a news conference after a Federal Open Market Committee meeting on December 14, 2022 in Washington, DC. Alex Wong/Getty Images US stocks tumbled on Tuesday after Fed chief Jerome Powell opened the door to bigger rate hikes. Markets now see a 50-basis-point increase as likely… Continue reading Dow drops 574 points as Fed chief Powell opens the door to steeper rate hikes
Russia’s Nord Stream gas pipelines may have been sabotaged by pro-Ukraine group, report says
The Nord Stream pipeline explosions last year may have been the work of a pro-Ukraine group. A report in the New York Times on Tuesday cited new intelligence seen by US officials. Ukraine denied any knowledge or involvement as Western countries continue their investigations. Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading Russia’s Nord Stream gas pipelines may have been sabotaged by pro-Ukraine group, report says
Oil prices drop alongside other commodities as Fed Chair Powell opens the door to even higher US interest rates
Commodity prices slumped Tuesday as Fed Chair Powell indicated further rate hikes are coming. The US Dollar index hit a two-month high, pressuring dollar-denominated commodity prices. Oil lost more than 3%, silver slid nearly 5% and gold gave up ground. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized… Continue reading Oil prices drop alongside other commodities as Fed Chair Powell opens the door to even higher US interest rates
A recession indicator just flashed its loudest warning ever as Fed chief Powell sees higher rates
A key recession indicator flashed its loudest warning ever on Tuesday. The inversion between the 2-year and 10-year Treasury yields hit a record 103.5 basis points. That came after Fed Chairman Jerome Powell said rates will likely go higher than anticipated. Loading Something is loading. Thanks for signing up! Access your favorite topics in a… Continue reading A recession indicator just flashed its loudest warning ever as Fed chief Powell sees higher rates
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