Thursday morning news drop
Bank of Canada will hold current level of policy rate at 0.25% until inflation objective is sustainably achieved, continues quantitative easing - CPI 3.4% The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank is maintaining its extraordinary forward guidance on the path for the overnight rate. This is reinforced and supplemented by the Bank’s quantitative easing (QE) program, which continues at a target pace of $3 billion per week. (Bank of Canada)
Inflation spike shows U.S. consumer appetite bumping up against shortages Some price increases making up for higher wages to keep or attract workers (CBC)
How Microsoft Is Ditching the Video Game Console Wars Known for the Xbox, Microsoft has been diversifying away from boxy hardware in favor of reaching millions more new gamers. (New York Times)
Apple’s Walled Garden Is Becoming Harder to Escape The company just unveiled a ton of new features designed to trap you in its confines. (Slate)
Global Investable Assets Reach Record $250 Trillion Financial wealth rose significantly even amid the pandemic. That means asset managers have new opportunities among the high-net-worth and to bring alternatives like private equity to individuals. (Institutional Investor)
Is There A Better Way to Invest in Meme Stocks? Ladies and Gentlemen, I am here to report that we have officially entered Act II of the joke as investment meme cycle. The intermission has ended and now it’s AMC (and not Gamestop) that is at center stage. (Of Dollars And Data)
Is Day Trading a Good Idea? “Why do you want to day trade?” The answer often is, “To make money, obviously.” I ask, “Why do you think you can make money day trading?” There is generally a pause, and then this reply, “I see so many people making money day trading.” (Safal Niveshak)
Special Report: Will Pension Risk Transfers Someday Control All DB Plans? The trend is mounting for corporate sponsors to shunt liabilities to insurers. But some don’t want to do that, and others can’t. (CIO)
The Fintech 50 2021 The most innovative fintech companies (Forbes)