(Reuters) – In Canada’s western oil patch, controversy is raging over federal government legislation intended to help the fossil fuel labour force transition to a greener economy, but union and community leaders are warning politicization of the Just Transition bill obscures the needs of workers. Prime Minister Justin Trudeau’s Liberal government is expected to table its long-awaited workforce transition bill […]
Read more
This report was sent to Briefing.com subscribers earlier today. Research calls posted earlier this morning are available here. Upgrades: > Compania Cervecerias Unidas (CCU) upgraded to Overweight from Neutral at JP Morgan > PagerDuty (PD) upgraded to Overweight from Equal-Weight at Morgan Stanley; tgt raised to $36 > Par Pacific (PARR) upgraded to Overweight from Neutral at Piper Sandler; […]
Read more
Premarket action on Thursday had the three major U.S. indexes trading lower. The Dow Jones industrials were down 0.64%, the S&P 500 down 0.7% and the Nasdaq 0.82% lower. All 11 market sectors closed lower Wednesday, with consumer staples (−2.65%) and utilities (−2.41%) posting the largest losses. Communications services (−0.93%) and technology (−1.28%) made the smallest losses. The Dow closed […]
Read more
There are two trains of thought on Wall Street about the direction of the market and the economy. One is basically that we are now in a bear market rally, and when the current strength the market has seen to start the year rolls over, we likely retest the lows we put in last summer. The other is that interest […]
Read more
Premarket action on Tuesday had the three major U.S. indexes trading lower. The Dow Jones industrials were down 0.19%, the S&P 500 down 0.27% and the Nasdaq 0.35% lower. U.S. markets were closed Monday. Eight of 11 market sectors closed higher Friday, with consumer cyclical (0.97%) and financials (0.71%) leading the gainers. Real estate (−0.61%) and utilities (−0.44%) lagged. The […]
Read more
U.S. fourth quarter earnings season kicked off last week with major retail banks reporting figures and providing an updated picture on how the economy is tracking through the inflationary rate hiking central bank environment. So far, JP Morgan, Bank of America, Bank of New York Mellon, Wells Fargo and Citibank have already. Key themes from the cohort have included growth in […]
Read morevideo January effect causing stocks to march higher in first weeks of 2023: Root Carleton English, Ben Levisohn and Al Root discuss stocks marching higher as “soft landing” optimism grows, bank earnings and Ford Motor Company’s early success in 2023. Markets will pause on Monday to recognize the Martin Luther King Jr. holiday. U.S. equity markets as well as the […]
Read more
HONG KONG/BEIJING (Reuters) – China resumed on Sunday high-speed rail services between Hong Kong and the mainland for the first time since the beginning of the COVID-19 pandemic, as it dismantles travel curbs after Beijing scrapped quarantine for arrivals a week earlier.Slideshow ( 5 images )The re-opening comes amidst a massive wave of infections nationwide and a day after authorities […]
Read morevideo Will central banks continue to gain power? Grant’s Interest Rate Observer editor Jim Grant breaks down what Wall Street doesn’t want investors to hear and provides insight on the global economy on ‘Making Money.’ Despite a market rally to start the new year and upbeat earnings reports from major banks on Friday, JPMorgan CEO Jamie Dimon foresees more political […]
Read more