We breakdown the world’s largest stock markets by country, highlighting the massive growth of the U.S. and Asia.
— Read on www.visualcapitalist.com/mapped-the-worlds-largest-stock-markets-1900-vs-2023/
Category: Headline News
The Latest Headline News from around the World.
Why 2026 mortgage renewals could make or break the economy
Tens of thousands of vulnerable households will renew their mortgage in 2026 at significantly higher rates, pushing Canada towards a recession, in a worst case scenario.
— Read on www.thestar.com/business/banks-are-expecting-a-wave-of-mortgage-defaults-economists-say-a-credit-crunch-could-hurt/article_c93e1d80-3ad4-11ef-90ce-bf15e20a8661.html
Nvidia Stock-Price Prediction: Analyst Sees $6 Trillion Market Cap by Year-End – Markets Insider
“Even though the stock has done so well, it is still relatively cheap compared to where it was trading in the past,” Eric Jackson said.
— Read on markets.businessinsider.com/news/stocks/nvidia-price-prediction-nvda-250-price-target-6-trillion-valuation-2024-6
Hidden costs of homeownership average $18,000 a year
Mortgage payments may be expensive, but the cost of owning and maintaining a home can be nearly as high. Here’s what to know.
— Read on www.cnbc.com/2024/06/11/hidden-costs-of-homeownership-average-18000-a-year.html
How Nvidia stock splits compare to Apple stock splits – Fast Company
Apple’s history of stock splits offers some insight on what to expect with the Nvidia 10-for-1 stock split.
— Read on www.fastcompany.com/91135815/nvidia-stock-split-compares-to-apple-stock-split
Live updates: Bank of Canada cuts key interest rate to 4.75% in widely anticipated move – The Globe and Mail
Governor Tiff Macklem and senior deputy governor Carolyn Rogers will hold a news conference at 10:30 am. ET to speak about the decision
— Read on www.theglobeandmail.com/business/article-bank-of-canada-interest-rate-live-june/
Why Canadians are losing patience with public servants | National Post
Polling shows Canadians generally support government employees spending more time in the office.
— Read on nationalpost.com/news/canada/divorced-from-reality-why-canadians-are-losing-patience-with-public-servants
When Will the Fed Cut Interest Rates? Don’t Plan on This Year. – Barron’s
Federal Reserve Chairman Jerome Powell and his team had hoped to lower interest rates in 2024. But sticky inflation, a strong economy, and calendar quirks are thwarting their plans.
— Read on www.barrons.com/articles/fed-powell-interest-rate-cuts-projection-69d97a5f
GDP has forecasts mixed on Bank of Canada rate cut | Financial Post
GDP slowed more than expected but economists still divided on when the Bank of Canada will cut interest rates. Read more
— Read on financialpost.com/news/economy/gdp-views-mixed-bank-of-canada-rate-cut
Big Six banks keep putting cash aside for mortgage defaults
Despite challenging economic backdrop, banks report solid Q2 profits this week with five of the six beating analysts’ expectations.
— Read on www.thestar.com/business/big-six-banks-put-millions-more-aside-for-defaults-as-mortgage-payment-shocks-ripple-through/article_5ae55a9a-1e84-11ef-a8a1-d3636b810e89.html