European bourses are poised to keep the rally going ahead of the always important U.S. CPI data after comments from Fed Chair Jerome Powell reassured investors that the next move from the U.S. central bank was unlikely to be a hike.
Traders are now pinning their hopes on the Fed starting its easing cycle in September although it will depend on the inflation report, which is expected to show CPI rose 0.3% month-on-month in April, down from a 0.4% growth the previous month, according to a Reuters poll. Robinhood hit $5 billion in equities trading on Tuesday, its CEO Vlad Tenev tweeted, underscoring the demand and perhaps the return of the meme stocks mania.
This dividend stock is still down by 36% in the last year but offers even more growth after taking a year to balance the books. The post Should You Buy This 7% Dividend Stock While it’s Below $6? appeared first on The Motley Fool Canada. TORONTO — Ted Baker Canada has begun closing sales at its stores as well as its Brooks Brothers and Lucky Brand locations in Canada. Matthew Butler, a spokesperson representing Ted Baker Canada, confirmed the sales would encompass Ted Baker's entire Canadian and U.S. footprint, but only Brooks Brothers and Lucky Brand's Canadian locations. Court records show the three apparel retailers have 25 stores in Canada and 34 in the U.S.