These stocks soared up to 12% after inflation cooled

Amid the euphoria following what appeared to be the first sign of slowing inflation, stocks staged a broad rally on Aug. 10, with dozens of large-cap stocks rising 5% or more. Those included several tech names that investors loved during the early stages of the coronvirus pandemic, along with cruise lines, credit-card lenders and chip-related … Read more

5 things we’ve learned from earnings season so far: How big an impact is inflation having?

More than 80% of the S&P 500 index’s companies have reported second-quarter results so far, and at least five key takeaways have emerged — including that Wall Street was far more worried about the coming earnings season than it needed to be. That doesn’t mean investors were wrong; the numbers and management commentary have confirmed … Read more

RBA cuts GDP, unemployment forecasts and ramps up inflation expectations

SYDNEY — The Reserve Bank of Australia has lowered its 2022 unemployment forecast, highlighting the continued momentum of the resource-rich economy despite rapidly rising interest rates and a jump in costs for households and businesses. With the unemployment rate already at a 48-year low of 3.5%, the RBA now expects the figure to fall to … Read more

Opinion: There are three reasons health care is the market’s best sector today. These eight stocks are the most worry-free.

You’re tempted to increase exposure to stocks because of the market’s strength. But you’re still gun shy because of the painful selloff. Plus, you’re worried about a recession. What to do? Buy health care stocks. They have plenty of defensive characteristics that help them outperform in recessions and late in economic cycles. But they also … Read more

12 ways to adjust your vacation for inflation

It’s still summer, and if you plan to travel soon, be prepared to see inflation at nearly every step along the way. According to a May NerdWallet survey, nearly 7 in 10 Americans planned to travel between Memorial Day and Labor Day, and among them, 81% said inflation would impact their plans. This number spiked … Read more

High inflation and rising interest rates are a financial opportunity for young people

While a Gen Xer planning their last few working years or a boomer already in retirement might be anxious at the prospect of lacklustre market returns for a few years, young people have nothing to lose, writes Bridget Casey.Fred Lum/The Globe and Mail The Bank of Canada has raised interest rates four times already in … Read more

High inflation isn’t getting consumers down

If you ask Canadians how they’re reacting to the shock of soaring inflation, they will tell you they’ve cut back: Almost half the respondents to an Angus Reid Institute survey released last week said high prices have led them to spend less overall. And yet stores are bustling, restaurants overflow with diners and airports are … Read more