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  • Business
    Yahoo Finance Video

    Boeing whistleblower, earnings, Volkswagen: What to Watch

    The Boeing (BA) whistleblower which raised concerns about the manufacturer's assembly of its 787 Dreamliner is set to testify before the US Senate on Wednesday, April 17. Bank earnings continue to roll out as US Bancorp (USB), Citizens Financial Group (CFG), and Discover Financial Services (DFS) are scheduled to report first-quarter results tomorrow, among other companies. Lastly, Volkswagen (VWAGY) workers at a plant in Chattanooga, Tennessee will vote on whether to organize with the United Auto Workers (UAW) union. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Luke Carberry Mogan.

  • Business
    The Canadian Press

    Microsoft invests $1.5 billion in AI firm G42, overseen by UAE's national security adviser

    REDMOND, Wash. (AP) — Microsoft is investing $1.5 billion in a technology firm based in the United Arab Emirates and overseen by the country’s powerful national security adviser. Microsoft and the technology holding company G42 announced the deal Tuesday. As part of the agreement, Microsoft's president, Brad Smith, will join G42's board of directors. The deal “was developed in close consultation with both the UAE and U.S. governments,” Microsoft said. Based in Abu Dhabi, G42 runs data centers in

  • Business
    Yahoo Finance Video

    Gold: 'Fear premium,' institutional dollars needed to fuel rally

    Gold (GC=F) has been on a tear driven by geopolitical tensions and the bullion's safe-haven appeal. Citigroup (C) is the latest in a lineup of Wall Street banks to upgrade its forecasts for the precious metal's price. Sprott Asset Management CEO John Ciampaglia and GraniteShares founder and CEO Will Rhind join Market Domination to discuss the primary drivers of gold's rise and future directions for the commodity.  On the magnitude of gold's strength, Ciampaglia states gold exited its slumber late last year after the Fed signaled a "pivot" was underway, a positive for gold as it competes with interest-bearing investments. Another key factor, Ciampaglia adds, is buying by central banks seeking to diversify away from US dollars as part of their overall foreign exchange mix. China is the leader in this particular de-dollarization strategy, Ciampaglia says, with Turkey, Singapore, and India following suit.  Noting gold's strength amid macro factors, Rhind believes gold could hit $3,000 per ounce if there is further unrest in the Middle East. The GraniteShares founder advises investors to play gold through its ETF for direct price exposure. Gold has unique attributes as a safe-haven asset, Ciampaglia says, balancing against traditional stocks and bonds during times of unrest.   Institutional investment in gold is lower at the moment, Ciampaglia adds, but if those dollars begin to enter the market, the commodity could be pushed to "new highs." The other "missing piece" in the gold market, Rhind says, is a "fear premium" that pushed the market to the highs observed in 2020. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This article was written by Gabriel Roy.

  • Business
    Yahoo Finance Video

    Don't expect Fed rate cuts until December: Strategist

    At an event on Tuesday, Federal Reserve Chair Jerome Powell hinted that rate cuts may not come as soon as investors had hoped given how stubborn inflation has been.   Blake Gwinn, the head of US rates strategy at RBC Capital Markets, thinks that is likely the case too. That's why he reduced his rate cut expectations from three to just one cut in December. Gwinn argues that Fedspeak has changed in recent weeks, with officials no longer framing January's hot inflation report as idiosyncratic.  On the possibility of a rate hike, Gwinn says that the bar for the Fed to hike rates is "very very high" and that the markets aren't really entertaining the idea.  Watch the video above to hear Gwinn's take on how the 2024 election may play a role in the Fed's decision making.  For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Stephanie Mikulich.