CANADA STOCKS TSX futures rise as oil prices gain
Futures for Canada’s main stock index rose on Friday as oil prices gained on optimism of a demand recovery, overshadowing concerns about more supply from Iran once sanctions are lifted.
Bitcoin slumps 8% as it heads for bruising monthly drop
BITCOIN SLUMPS 8% AS IT HEADS FOR BRUISING MONTHLY DROP
Wall St Week Ahead Betting against volatile stock market makes comeback as summer nears
Some investors are revisiting a popular trade that has largely been out of favor since last year’s market tumble: betting against stock market turbulence.
Solid Asia sets global stocks on extended rally, U.S. stimulus in focus
A rally in Asia put global equities on track for a seventh day of gains on Friday as investors bet the U.S. will lead the world out of the COVID-19 pandemic, with the focus turning to a multi-trillion dollar spending boost by the Biden administration.
Wall Street bank CEOs face fee criticism in second round with Congress
The heads of major U.S. retail banks faced renewed criticism Thursday from Democratic lawmakers who said financial institutions should not have charged Americans billions of dollars in overdraft and other fees during the pandemic.
Biden pledges to tackle monopolies, supply shortages as prices rise
President Joe Biden pledged on Thursday toroot out anti-competitive business practices and ease construction materials shortages andtransportation backups that are causing price hikes across the country.
U.S. chip subsidy effort faces pushback over China issues
A series of amendments for a $190 billion U.S. Senate bill aimed at countering China’s technology challenge are in limbo after business groups protested proposals intended to ensure that none of the money finds its way to China or other U.S. rivals.
Asian stocks extend global rally to 7th day, U.S. stimulus in focus
Asian stocks put global equities on course for a seventh day of gains on Friday as investors bet the U.S. will lead the world out of the COVID-19 pandemic, with the focus turning to a multi-trillion dollar spending boost by the Biden administration.
Gap raises 2021 forecasts as apparel shopping gains momentum
Gap Inc (GPS.N) raised its forecast for annual sales and profit, expecting an unabated surge in demand for new apparel as more people begin to step out and socialize after a year of hunkering down at home due to the pandemic.
Wall Street edges up as weekly jobless claims fall
U.S. stocks advanced modestly on Thursday, as data showing improvement in the labor market helped fuel expectations the economy continues to recover and spurred a small rotation towards stocks seen as more likely to benefit from the rebound.
