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| The risk of the US slipping into a recession is 'material and rising' There's a key reason financial markets have suddenly become unsettled: the fear that tax cuts could generate the kind of inflation that would force the Federal Reserve to raise interest rates more aggressively. Put differently, investors are signaling they think the risk of a policy error from the Fed that could ...
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| Rating Agency Breaks with Financial Community Over Cryptos Being an Asset Class "Financial markets are abuzz with questions regarding the nature and viability of digital currencies. In our opinion, in its current version, a cryptocurrency is a speculative instrument, and a collapse in its market value would be just a ripple across the financial services industry, still too small to disturb ...
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| Markets Right Now: Stocks open broadly lower on Wall Street Stocks are opening broadly lower as the market pulls back after a six-day winning streak. Walmart slumped 7 per cent in early trading Tuesday after reporting a slowdown in online sales and earnings that missed analysts' forecasts. Gap fell 5 per cent after saying the head of the Gap brand will leave the ...
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| US stocks are mostly lower as markets reopen after holiday The stock was the biggest decliner in the S&P 500, shedding $9.54 to $95.24. Several big retailers also declined, including Target, which slid $3.19, or 4.2 percent, to $71.89. FASHIONABLE EXIT: Gap gave up 4.2 percent after the clothing chain said the CEO of the Gap brand will leave the company.
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| CI Financial (CIX) Rating Increased to Outperform at BMO Capital Markets CI Financial Corp logo BMO Capital Markets upgraded shares of CI Financial (TSE:CIX) from a market perform rating to an outperform rating in a research report report published on Friday. BMO Capital Markets currently has C$32.00 price target on the stock, up from their previous price target of C$31.00 ...
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