The number of people employed in Quebec remained unchanged in November compared to the previous month, while the unemployment rate rose 0.3 percentage points to 5.2%. According to Statistics Canada data released on Friday, the unemployment rate increased by 1.3 percentage points compared to the record low observed in November 2022 and January 2023 in … [Read more…]
4 minutes ago Walmart and Ulta are Black Friday favorites, Cowen CEO says According to Cowen CEO Oliver Chen, Walmart and Ulta are positioned well as Black Friday begins. “This is a holiday about values, about giving,” he said. “These are also our Black Friday tips. That’s also where we get the best traffic.” Chen … [Read more…]
6 hours ago Big retail ETF has its worst day since May as Walmart shares fall Shares of major retailers plunged on Thursday, dragging the SPDR S&P Retail ETF (XRT) to its worst day in nearly six months. XRT slipped 3.4%, marking its worst day since May 19. The ETF’s decline came shortly after Walmart’s … [Read more…]
5 hours ago Hong Kong markets are cooling off after the previous session’s gains Hong Kong’s Hang Seng Index fell 1.81% in Thursday morning trading, shedding more than half of its gains from the previous session. The Hang Seng Tech Index lost 2.34%. Most technology-focused stocks rallied on Wednesday on signs of cooling U.S. inflation, … [Read more…]
Morgan Stanley predicts that the S&P 500 will be at 4500 at the end of 2024 Morgan Stanley’s Mike Wilson expects stocks to remain nearly flat in 2024. Wilson forecast S&P 500 (^GSPC) earnings growth to $229 per share, leading to a year-end target for the benchmark index of 4,500. This target represents an upside … [Read more…]
28 minutes ago Tech companies are still recovering from an era of low interest rates, according to Bank of America According to Bank of America’s technology, media and telecommunications team, the technology sector is still feeling the effects of the period when real interest rates were below 1%. The company said that the waning effects … [Read more…]