Intel Secures Apple Chip Deal in Major Foundry Pivot
Intel shares surged following reports of a manufacturing partnership with Apple, marking a significant milestone for its contract foundry ambitions.
A slight retreat in the US 10-Year Bond yield has provided much-needed relief for Canadian equities. For students and investors, this suggests a cooling of interest rate pressures, allowing growth-oriented stocks on the TSX to perform well.
Read Analysis →Despite the green day for the TSX, the VIX 'Fear Index' rose by 0.64%, indicating that traders are hedging against potential volatility. This divergence suggests that while prices are rising, the market is far from settled.
Read Analysis →The Canadian Dollar fell to 0.73 USD even as Crude Oil remains near the $95 mark, showing a decoupling of the 'Petro-currency' relationship. This suggests that US Dollar strength is currently outweighing the benefits of high energy exports for Canada.
Read Analysis →Intel shares surged following reports of a manufacturing partnership with Apple, marking a significant milestone for its contract foundry ambitions.
Canada's economy shed 18,000 jobs in April, raising concerns about the cooling domestic labor market and potential rate cuts.
ECB President Christine Lagarde warns of the delicate timing required for rate adjustments as inflation risks and war collide.