Powell says no guarantee of soft landing for US economy

Powell says no guarantee of soft landing for US economy

Fed Chairman Jerome Powell on Wednesday said there was no guarantee that the central bank can engineer a soft landing for the US economy. “We think that there are pathways for us to achieve the path back to 2% inflation while still retaining a strong labor market. We believe we can do that,” Powell said, … Read more

Sony unveils Inzone PC gaming gear as it looks beyond the PS5

Sony unveils Inzone PC gaming gear as it looks beyond the PS5

Sony’s new PC gear will help it expand its reach in gaming beyond PlayStation. sony Sony is launching its own range of gaming-focused computer monitors and headsets, hoping to tap into the lucrative high-end PC gaming market as it looks beyond its main PlayStation console brand. Called Inzone, Sony’s PC gaming lineup features two monitors. … Read more

Rocket Lab launch of CAPSTONE begins NASA return to the moon

Rocket Lab launch of CAPSTONE begins NASA return to the moon

The company’s Electron rocket carrying the CAPSTONE mission lifts off from New Zealand on June 28, 2022. RocketLab Rocket Lab launched a small spacecraft bound for the moon from its New Zealand facility early Tuesday, a mission that represents firsts for both the company and the National Aeronautics and Space Administration. The company’s Electron rocket … Read more

ARK Invest’s Cathie Wood says the US is already in a recession

ARK Invest’s Cathie Wood says the US is already in a recession

Catherine Wood, chief executive officer of ARK Investment Management LLC, speaks during the Bitcoin 2022 conference in Miami, Florida, US, on Thursday, April 7, 2022. Eva Marie Uzcategui | Bloomberg | Getty Images Ark Invest CEO Cathie Wood said Tuesday that the US is already in an economic downturn, and she admitted that she underestimated … Read more

Mixed inflation data might be necessary for a soft landing

Mixed inflation data might be necessary for a soft landing

CNBC’s Jim Cramer on Monday told investors that while the market remains volatile as it receives contrasting signals about the state of inflation, the seesawing could give way to a soft landing. “The news is precarious. It could go either way. But maybe that’s what we need to see if we’re going to have a … Read more

Brookfield’s Mark Carney on the firm’s new $15 billion bet on the clean energy transition

Brookfield’s Mark Carney on the firm’s new  billion bet on the clean energy transition

(Click here to subscribe to the Delivering Alpha newsletter.) Brookfield Asset Management announced last week that it raised a record $15 billion for its inaugural Global Transition Fund. This marks the world’s largest private fund dedicated to the net zero transition, signaling that investors are still committed to establishing cleaner portfolios. However, some blame the … Read more

Morgan Stanley’s Wilson says this is a bear bounce and lower lows are ahead

Morgan Stanley’s Wilson says this is a bear bounce and lower lows are ahead

Markets could climb further over the next several weeks, but Morgan Stanley’s Mike Wilson warned investors that any bounce in the bear market would be temporary. A sustained comeback is “hard to justify” given the growing concerns around earnings revisions, Wilson said in a Monday note. The strategist expects that falling commodities prices could be … Read more

Gas prices to edge higher due to short supply, expert says

Gas prices to edge higher due to short supply, expert says

The average price for gas in Ontario on Sunday is 199.3 cents per litre, up from Saturday’s average of 198.9. The price is higher than last month’s average of 196.9 and last year’s average of 132.0 per litre, according to the Canadian Automobile Association. Ontario drivers continue to see eye-watering prices at the pumps as … Read more

RBC top analyst sees comeback

RBC top analyst sees comeback

Investors who are “apathetic” or negative toward banks will change their stance in the year’s second half, according to RBC Capital Markets’ top banking analyst. Gerard Cassidy predicts bullishness will make a comeback due to strong revenue growth and optimism surrounding credit. “You can really see people coming back to [bank] the stocks. They’re under-owned,” … Read more

Fill up Saturday before prices rise: gas expert

Fill up Saturday before prices rise: gas expert

The average price for gas in Ontario on Saturday is 198.9 cents per litre, down from Friday’s average of 199.7. The price is higher than last month’s average of 198.5 and last year’s average of 130.8 per litre, according to the CAA. Ontario drivers continue to see eye-watering prices at the pumps as record-breaking gas … Read more