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Bank of Canada seen keeping rates on hold as inflation remains above target

The Bank of Canada (BoC) is expected to keep its overnight rate on hold on Wednesday when it also releases new inflation and growth forecasts that should provide insight into the central bank's view on when borrowing costs may begin to ease. The BoC governing council has held rates steady at three consecutive policy meetings after last hiking in July to a 22-year high of 5.0%. Annual inflation in December was 3.4%, still higher than the central bank's 2% target but below a peak of 8....
Benjamin Reitzes Mark Porter Promit Mukherjee Royce Mendes Steve Scherer Monetary Policy Report
Source: yahoo.com

GitLab Inc. (NASDAQ:GTLB) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of GitLab Inc. (NASDAQ:GTLB – Get Free Report) have been given an average recommendation of “Moderate Buy” by the twenty-three analysts that are covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation and sixteen have given a buy recommendation to the company. The average 12-month target price […]
United States Asia Pacific Sytse Sijbrandij Mark Porter Invesco Ltd Vanguard Group Inc

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Microsoft hits $3 trillion market value

Microsoft's stock market value crossed the $3 trillion milestone for the first time on Wednesday, retaining its place as the world's second most valuable company, just behind Apple. Microsoft and Apple shares have been vying for the top spot as the most capitalized stock on Wall Street since the start of the year, with the iPhone maker briefly losing its crown to the software giant earlier in January. Shares of Microsoft hit a record high of $405.63, up 1.7%, enabling it to breach t...
New York United States Lance Tupper Chibuike Oguh Mark Porter Wall Street
Source: yahoo.com

US defense secretary make first public appearance, virtually, since hospitalization

WASHINGTON (Reuters) -U.S. Defense Secretary Lloyd Austin made his first public appearance, virtually and from home since his secret hospitalization, during a meeting on Ukraine's military needs on Tuesday but skipped over prepared remarks that would have addressed his health. Austin, 70, was admitted to Walter Reed National Military Medical Center in Maryland on Dec. 22 to treat prostate cancer. Austin's failure to tell President Joe Biden he was hospitalized drew criticism from law...
United States White House District Of Columbia Lloyd Austin Phil Stewart Mark Porter
Source: yahoo.com

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