Stocks at risk of a bubble after Fed's jumbo rate cut, BofA strategist says
One Bank of America strategist believes this week's jumbo interest-rate cut by the Federal Reserve risks reigniting a potential bubble in stocks.
Canada Retail Sales Climb 0.9% in July, Seen Up Again in August
OTTAWA--Retail trade in Canada rose by the most in 10 months in July, led by a rebound in sales of motor vehicles. Sales rose 0.9% from the previous month to a seasonally adjusted 66.38 billion ...
Pfizer, BioNTech's Omicron-Adapted Covid-19 Vaccine Gets E.U. Marketing Recommendation
Pfizer and BioNTech said on Friday that a committee from the European Medicine Agency recommended marketing authorization for its Omicron adapted vaccine to prevent Covid-19, meaning the vaccine is ...
IBD and MarketWatch's fifth annual survey of the most trusted financial companies
For the IBD and MarketWatch list of the Most Trusted Financial Companies in 2024, we asked more than 7,000 survey participants for their opinion of the financial soundness of the financial companies ...
Canada's Producer Prices Fall 0.8% in August
OTTAWA--Producer prices in Canada fell in August, driven by lower prices for energy and petroleum products, and Canadian companies paid less for raw materials for the month. Statistics Canada's ...
The Fed spurred a big rally in Nvidia and other chip stocks. Is it sustainable?
Mizuho desk-based analyst Jordan Klein agreed that the latest move and commentary from the Fed "created more confidence in a soft-landing scenario," which he said could be interpreted positively for ...