The numbers: The US consumer price index was unchanged in July, the Labor Department said Wednesday, compared with the 1.3% gain in the prior month. Economists polled by The Wall Street Journal had estimated a 0.2% advance in July. The rate of inflation in the 12 months ended in July retired to 8.5% from a … Read more
Oil prices are back around the levels they were at before Russia invaded Ukraine, highlighting that a global recession and demand destruction are now the central focus of traders. Oilprice Alert: This month’s Intelligent Investor column, now available for Global Energy Alert members, compares two of the most promising Canadian oil stocks on the market. … Read more
US West Texas Intermediate crude oil futures are trading lower on Friday shortly after the release of a strong US Non-Farm Payrolls report that suggests the US is not in a recession and that the Fed is likely to continue on its aggressive rate hiking path. Prices have come under pressure this week as the … Read more
Stocks rallied sharply in July after bottoming in June and the big question for investors is whether a bigger move higher or a lower-than-June bottom is ahead. In Was That the Bottom?US institutional portfolio manager Ben Carlson frames the discussion as a legal courtroom battle. The case for the bulls – that June was at … Read more
GDP fell 0.9% in the second quarter. This followed on the heels of a -1.6 GDP print in Q1. Back-to-back contractions in GDP have historically been defined as a recession, but the Biden administration and their apologists insist we aren’t in a recession. Peter Schiff appeared on the Megyn Kelly show to talk about the … Read more
Investors worried about the next pullback for stocks might want to pause and consider this: the decline in equity valuations since the start of the year already has exceeded the average pullback of other recessionary periods since the early 1990s, according to JPMorgan Chase & Co.’ s equity as to Marko Kolanovic. While more Wall … Read more
The logo of Shopify hangs behind the Canadian flag after the company’s IPO at the New York Stock Exchange on May 21, 2015.Lucas Jackson/Reuters Getting caught up on a week that got away? Here’s your weekly digest of the Globe’s most essential business and investing stories, with insights and analysis from the pros, stock tips, … Read more
Yahoo was once the most popular website on the planet, the only place that everyone on the internet seemed to touch at least once an online session. After an ignominious slide, however, Yahoo is just another site that has some fans in certain parts of Asia and offers some niche products. Has Mark Zuckerberg launched … Read more
Call it a tale of two economies: the latest figures from Statistics Canada on Friday show economic growth in the country slowed but likely avoided a decline through the first half of the year, just as the United States reported its second consecutive quarter of contraction a day earlier. The economies of the two North … Read more
If there’s one hint that Justin Beaudoin is selling his home — a two-storey townhouse on the edge of Barrie, Ont., replete with fresh laminate floors and refurbished kitchen cabinets — it’s that the main floor is remarkably tidy. The couch cushions are plump and the surfaces lack crumbs. When a prospective buyer rings the … Read more
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