BMO’s Brian Belski is the last bull to cut his year-end price target for the S&P 500 amid high inflation.Belski now expects the S&P 500 to end 2022 at 4,300, which sets the index up for a year-end rally of 20%.”Although we have tempered our enthusiasm, we truly believe that stocks can and should rebound… Continue reading BMO’s Brian Belski becomes latest bull to cuts his S&P 500 price target after inflation comes in hotter than expected
Elon Musk raises hopes for a Tesla stock buyback with a one-word tweet to 3rd-biggest shareholder
Elon Musk fueled speculation that Tesla could soon announce its first-ever stock buyback. Responding to a tweet from a top Tesla investor who said only a buyback or a doubling in profit could break the stock’s slump, Musk said “Noted.” Leo KoGuan, who says he is the third largest individual Tesla shareholder, has previously called for… Continue reading Elon Musk raises hopes for a Tesla stock buyback with a one-word tweet to 3rd-biggest shareholder
Stocks have further to fall after the market’s ‘bear hug’ rally as the Fed isn’t ready to pivot from its aggressive rate policy, Bank of America says
The Thursday rally in US stocks was a “bear hug” and not yet the start of a sustainable upswing in equities, Bank of America said Friday. The firm said the rally was ignited in a market that’s oversold and where investors are holding high levels of cash. The “Big Low” in the market is coming… Continue reading Stocks have further to fall after the market’s ‘bear hug’ rally as the Fed isn’t ready to pivot from its aggressive rate policy, Bank of America says
Billionaire investor Mark Mobius says stocks could stay buoyant amid Fed rate hikes and a possible recession
History shows that stocks can still make gains amid the Federal Reserve’s rate hikes, Mark Mobius said. The billionaire investor noted that the key is finding companies that have enough pricing power to weather high inflation. “But there’s no question that the Fed could go much much higher, and there could be a lot more… Continue reading Billionaire investor Mark Mobius says stocks could stay buoyant amid Fed rate hikes and a possible recession
One taxpayer discovers the CRA can deny business expenses even after the normal assessment period
Jamie Golombek: The CRA can deny expenses if taxpayer doesn’t appear to be running a business with a view to profit If business expenses aren’t reasonable, the Canada Revenue Agency can deny them. Photo by Getty Images/iStockphoto Business owners can generally deduct a variety of business expenses when calculating their net income for tax purposes.… Continue reading One taxpayer discovers the CRA can deny business expenses even after the normal assessment period
Don’t let the market noise drown out what’s right for you
Tom Bradley: That includes looking after the things you can control right now The markets have a lot of “not right now” going on, writes Tom Bradley. However, nobody knows how much of the gloom is already factored into stock prices, he says. Photo by DANIEL ROLAND /AFP/Getty Images One of the songs in my… Continue reading Don’t let the market noise drown out what’s right for you
Barry Choi: How to avoid getting scammed when selling or buying online
Always do the exchange in person As a general rule, try doing a local meet-up since you’ll know you’re dealing with a real person. If you’re worried about your safety, ask to meet at a local police station, as many of them have an exchange zone that’s monitored. You could also ask to meet up… Continue reading Barry Choi: How to avoid getting scammed when selling or buying online
IMF warns of substantial cooling, possible recession in Canada
Ottawa urged to rein in spending to avoid undercutting fight against inflation An International Monetary Fund report is forecasting “substantial” cooling in Canada’s economy. Photo by REUTERS/Yuri Gripas/File Photo An International Monetary Fund report is forecasting “substantial” cooling in Canada over the next year in which “shocks could easily push the economy into a mild… Continue reading IMF warns of substantial cooling, possible recession in Canada
Recent Post
