Bloomberg In their latest feat of levitation, US stocks are about to pull off their biggest earnings-season rally in six years. Impressive — or ridiculous, depending on your view — considering it happened as American companies were reporting a 16% profit drop that was the worst since the financial crisis. Since firms started disclosing results, the S&P 500 has jumped ...

Bloomberg The Swiss National Bank’s (SNB) US equity portfolio declined in value for the first time in more than a year, reflecting the market rout caused by the coronavirus outbreak. The central bank, which has amassed vast holdings of foreign currency due to interventions to weaken the franc, had $94 billion invested in US stocks at the end of March, ...

Bloomberg After weeks of wondering how corporate Canada fared in the early days of the Covid-19 pandemic, investors finally got a proper look under the hood. Senior executives spoke about the impact. Some described the future as too hard to predict. Others tried to identify parallels and differences with the financial crisis. By withdrawing their 2020 forecasts, many Canadian companies ...