The inflation shock is over, but expect prices to remain sticky, strategists at Bank of America said. The bank pointed to rising wages and services prices, which could fuel inflation staying above the 20-year-average. That means the Fed is unlikely to cut rates next year unless there’s a recession, they warned. Loading Something is loading.… Continue reading Stocks may be set up for a bull run in 2023, but expect inflation to remain sticky and the Fed to keep rates high unless recession hits, Bank of America says
Stocks just spiked the most in two years on cooler inflation data
Half point hike in December now seen as more likely than three-quarter Author of the article: Bloomberg News Stephen Kirkland The S&P 500 rallied more than 3 per cent, poised for the best first-day reaction to a CPI report since 2008. Photo by Michael M. Santiago/Getty Images Stocks are headed for the best post-inflation day… Continue reading Stocks just spiked the most in two years on cooler inflation data
CRA denies taxpayer’s costs of getting to work, but judge says taxman got it wrong
Jamie Golombek: A recent case walks us through a comprehensive legal analysis of when non-reimbursed employment travel may be tax deductible The CRA argued the taxpayer was not entitled to claim his lodging, food, beverage and automobile expenses related to travelling to his U.S. work location. Photo by Brent Lewin/Bloomberg If you’re an employee who… Continue reading CRA denies taxpayer’s costs of getting to work, but judge says taxman got it wrong
Elon Musk bans remote work at Twitter in first email to staff
Employees expected to be in the office for at least 40 hours per week Author of the article: Bloomberg News Kurt Wagner Twitter headquarters in San Francisco, California. Photo by Nic Coury/Bloomberg New Twitter Inc. owner Elon Musk emailed his workers for the first time late Wednesday to prepare them for “difficult times ahead” and… Continue reading Elon Musk bans remote work at Twitter in first email to staff
Amazon becomes first public company to lose $1 trillion in market value
Shares in the e-commerce and cloud company fell as much as 4.6% on Wednesday Author of the article: Bloomberg News Subrat Patnaik and Jeran Wittenstein Amazon boxes stacked for delivery in the Manhattan borough of New York City. Photo by Mike Segar/Reuters files Amazon.com Inc. is the world’s first public company to lose a trillion… Continue reading Amazon becomes first public company to lose $1 trillion in market value
Softening housing market is not a crash
This advertisement has not loaded yet, but your article continues below. Watch: CIBC economist Benjamin Tal on Canada’s fourth quarter outlook A ‘for sale’ sign is displayed outside a home in Toronto. Photo by Carlos Osorio/Reuters files Article content Benjamin Tal, deputy chief economist at CIBC Capital Markets, talks with the Financial Post’s Larysa Harapyn… Continue reading Softening housing market is not a crash
Stock Market Today: Stocks Snap Win Streak as Midterm Results Roll In
Stocks closed sharply lower Wednesday as several key midterm election races remained undecided. While it looks increasingly likely that Republicans will gain control of the House of Representatives, the Senate remains too close to call. Markets hate uncertainty, but the historical prognosis for stocks following a midterm has been positive – we’ll explain more below. Another… Continue reading Stock Market Today: Stocks Snap Win Streak as Midterm Results Roll In
Is Disney Stock a Buy Ahead of Earnings?
Wall Street analysts are high on Walt Disney (DIS (opens in new tab), $100.43) stock ahead of the media conglomerate’s earnings report due after Tuesday’s closing bell. Disney stock, a component of the Dow Jones Industrial Average, is off 35% for the year-to-date, hurt by everything from inflation and recession fears to the streaming wars… Continue reading Is Disney Stock a Buy Ahead of Earnings?
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