Bloomberg Retail sales in Canada rebounded as brick-and-mortar shops were allowed to reopen after months of Covid-19 shutdowns, though early data shows that momentum was short-lived. The value of receipts rose 4.2% in June, Statistics Canada reported in Ottawa. However, that bounce-back was quickly reversed in July with a preliminary estimate showing a 1.7% decline on the month. That brings …

Bloomberg Even a $1.5 trillion selloff may not provide an attractive entry point for equity investors as they grapple with cascading risks in China’s technology sector. A stock rout triggered by Beijing’s widening clampdown has left Tencent Holdings Ltd. trading at a price-to-book ratio lower than during the 2008 financial crisis. Alibaba Group Holding Ltd has slumped to record low …

Bloomberg Ask a Wall Street strategist where stocks will go and the answer will almost always be, higher. That’s not the case now. Twelve out of the 21 forecasters tracked by Bloomberg expect the S&P 500 Index to fall into the holidays. The spread between the highest and lowest target is 24%, the third-widest in nearly a decade. The uncertainty …