Canadian home price gains accelerate again in May -Teranet
Canadian home prices accelerated again in May from the previous month, posting the largest monthly rise in the history of the Teranet-National Bank Composite House Price Index, data showed on Thursday.
Dollar hits two-month highs on Fed’s hawkish surprise; kiwi climbs after GDP
The dollar rose to its highest level in almost two months versus major peers on Thursday after the Federal Reserve brought forward its projections for the first post-pandemic interest rate hikes into 2023, citing an improved health situation and dropping a long-standing reference that the crisis was weighing on the economy. read more
Wall St Week Ahead Fed meeting looms for stocks as inflation worries collide with ‘Goldilocks’ markets
Investors will be zeroing in on the Federal Reserve’s monetary policy meeting next week as a “Goldilocks” market environment that has helped lift stocks to record highs and tamed a bond selloff is tested by rising inflation.
Stocks touch new highs as volatility eases, dollar gains
A global equity benchmark and two key European stock indexes touched new highs on Tuesday, while the dollar rose in anticipation of faster inflation as volatility eased to lows last seen before the coronavirus pandemic.
AMC, other ‘meme’ stocks jump; regulator signals concern
Shares of AMC Entertainment Holdings Inc (AMC.N) and other “meme stocks” jumped on Monday, extending a rally in social-media favorites into a third week as message boards hummed with talk of squeezing Wall Street short-sellers.
Explainer: What is a gamma squeeze and how did it drive up AMC’s stock price?
Shares of AMC Entertainment Holdings Inc (AMC.N) surged to a record high this week in a blistering rally that again highlighted how an arcane options market dynamic known as a gamma squeeze can super-charge stock price gains.
Analysis: With AMC shares sky-high, ‘gamma squeeze’ less of a driving force
The meteoric rise in shares of AMC Entertainment Holdings Inc (AMC.N) may have diminished an important options market force that helped fuel its recent gains, analysts said.
Amid hiring troubles, rising prices, U.S. growth gains speed -Fed
The U.S. economic recovery accelerated in recent weeks even as a long list of supply chain troubles, hiring difficulties, and rising prices cascaded through the country, Federal Reserve officials said in their latest review of economic conditions.
Global equities edge higher on hopes of U.S. jobs data
Global equities markets firmed on Wednesday ahead of key U.S. economic data due later in the week as investors weighed inflation concerns and a fresh surge in so-called “meme stocks.”
Australia’s economy booms to pre-pandemic levels as consumers, businesses spend
Australia’s economy raced ahead last quarter as consumers and businesses spent with abandon, lifting output back above where it was last year when pandemic lockdowns tipped the country into its first recession in three decades.
