Kevin Carmichael: Shift in language suggests next decision will be based on data, not a predetermined path Publishing date: Dec 07, 2022 • 15 hours ago • 3 minute read 23 Comments Bank of Canada governor Tiff Macklem announced the rate decision today. Photo by REUTERS/Patrick Doyle The Bank of Canada might be finished raising interest… Continue reading Bank of Canada hikes interest rate by 50 basis points to 4.25%
Wall Street chorus grows louder warning that 2023 will be ugly
Next year’s outlook for the U.S. economy and stocks looks grim Author of the article: Bloomberg News Isabelle Lee and Norah Mulinda Publishing date: Dec 07, 2022 • 19 hours ago • 3 minute read Join the conversation Traders work on the floor of the New York Stock Exchange on Dec. 6. Photo by Michael M.… Continue reading Wall Street chorus grows louder warning that 2023 will be ugly
Buying your first car in Canada? Simple steps and tips for newcomers
Don’t miss: Clueless about your credit score? Check it for free in less than 3 minutes This cash back app pays actual cash Good credit is important for your financial health, and Borrowell can help you take a turn for the better. Sign up for Borrowell to get your credit score and credit report for… Continue reading Buying your first car in Canada? Simple steps and tips for newcomers
Where Is the Economy Heading? Velocity of Money Provides Clues
I often get asked my thoughts on where the economy is heading, and sadly, I don’t have a crystal ball, but I do have several gauges that I use to help determine the direction that the economy might be heading in. One of those gauges is the velocity of money. Velocity of money is the… Continue reading Where Is the Economy Heading? Velocity of Money Provides Clues
Stock Market Today: S&P 500 Extends Losing Streak
Stocks bounced back and forth between positive and negative territory for most of Wednesday before ending the day with yet another loss. With little in the way of economic data to react to, investors continued to fret over the Federal Reserve’s next steps as far as interest rates go. Also worrying Wall Street were recent… Continue reading Stock Market Today: S&P 500 Extends Losing Streak
The 8 Best Energy ETFs to Buy Now
Energy stocks and exchange-traded funds (ETFs) were a popular bet heading into 2022. So far, so good – the sector has been by far and away the best performer as the end of the year nears. The S&P 500 Energy Index delivered a massive total return (price plus dividends) of 58% through early December, driving… Continue reading The 8 Best Energy ETFs to Buy Now
Carvana Stock Plunges Amid Bankruptcy Chatter
Carvana (CVNA (opens in new tab)) stock tumbled by as much as 46% at one point early Wednesday amid rising worries that the online used-car retailer could be headed for bankruptcy (opens in new tab) protection. A related analyst downgrade of Carvana stock to the equivalent of Sell also weighed on shares. The bigger blow… Continue reading Carvana Stock Plunges Amid Bankruptcy Chatter
Tesla Stock Slumps on Demand Concerns
Tesla (TSLA (opens in new tab)) stock sold off once again on Wednesday, this time over concerns about weaker demand for its electric vehicles not only in the critically important market of China but also in the U.S. The latest warning comes courtesy of Bernstein analyst Toni Sacconaghi and follows reports earlier this week that… Continue reading Tesla Stock Slumps on Demand Concerns
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