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Baystreet.ca - NLS Gains on Deal with Kardimastem
NLS Pharmaceutics Ltd. (NASDAQ: NLSP), a Swiss clinical-stage biopharmaceutical company focused on the discovery and development of innovative therapies for rare and complex central nervous system disorders, and Kadimastem Ltd., a clinical-stage cell ...
Baystreet.ca - U.S. To Impose 25% Tariffs On Canada Feb. 1, But May Exclude Oil
U.S. President Donald Trump has confirmed that he will impose 25% tariffs on all imports from Canada starting on Feb. 1, though he said the action might not include crude oil. Speaking to reporters in the White House, Trump said his administration ...
Baystreet.ca - U.S. Approves Vertex’s Non-Opioid Painkiller
The U.S. Food and Drug Administration has approved Vertex Pharmaceuticals’ (VRTX) non-opioid painkiller pill that has a low risk of addiction. Vertex is the first drugmaker in decades to gain U.S. approval for a new type of pain medicine. Past ...
Baystreet.ca - Dundee, Skeena at 52-Week Highs on News
Dundee Precious Metals Inc. (T.DPM) hit a new 52-week high of $14.87 Friday. Dundee has filed a technical report for its Coka Rakita gold project in Serbia. The purpose of the report was to support the Mineral Resource and Mineral Reserve estimate and ...
Baystreet.ca - TSX Set for Weekly Gain Despite Tariff Threats
Canada's main stock index struggled to find direction on Friday as investors were uncertain whether U.S. President Donald Trump would follow through on his threats to impose tariffs on Canada and Mexico this weekend. The TSX had gained 31.02 points ...
Baystreet.ca - Trump Tariffs Kick in Saturday, Stocks Take Beating
Canada's main stock index struggled to find direction on Friday as investors wondered how their government would respond to U.S. President Donald Trump imposition of tariffs on Canada and Mexico this weekend. The TSX fell sharply, 275.15 points, ...
Baystreet.ca - Orrstown Gains on Financial Figures
Orrstown Financial Services, Inc. (NASDAQ: ORRF) shares cleared breakeven Friday, as the parent company of Orrstown Bank, announced earnings for the three months ended December 31, 2024. Net income totaled $13.7 million for the three months ended December ...
Baystreet.ca - Janus Henderson Higher on Q4, Full-Year Results
Janus Henderson Group plc (NYSE: JHG) saw its stock price climb Friday, on release of its fourth-quarter and full-year 2024 results for the period ended December 31, 2024. Fourth-quarter 2024 operating income was US$197.5 million compared to US$164.7 ...
Baystreet.ca - The Effects of Donald Trump's Tariffs on the World Economy and the US Dollar
Donald Trump's administration implemented a series of tariffs aimed primarily at China and various other trading partners as part of a broader trade strategy labeled "America First." These tariffs sought to protect American industries, reduce the ...
Baystreet.ca - S&P Gives up Gain, Dow Plummets to Close out Week, Month
Canada's main stock index struggled to find direction on Friday as investors wondered how their government would respond to U.S. President Donald Trump imposition of tariffs on Canada and Mexico this weekend. The TSX fell sharply, 275.15 points, ...
Baystreet.ca - Japan Considers Backing $44-Billion Alaska LNG Project
Japan could be open to discussing backing a $44-billion gas pipeline and LNG export project in Alaska to avoid President Trump’s tariffs, Reuters reported on Friday, citing officials in Tokyo with knowledge of the matter. Japan, the world’s second-largest ...
Baystreet.ca - Futures Little Changed as Tariff Threat Looms
Futures tied to Canada's main stock index rose marginally on Friday as investors were cautious ahead of U.S. President Donald Trump's tariff deadline. The TSX index popped 336.3 points, or 1.3%, to close Thursday at 25,809.90, its highest level ...
Baystreet.ca - Quantum Disruption Is Closer Than You Think—Here’s What It Means for Investors
Issued on behalf of Scope Technologies Corp. VANCOUVER – USA News Group News Commentary – Now that the dust has settled after NVIDIA’s CEO Jensen Huang’s comments about the timeline for quantum computing becoming a reality, ...
Baystreet.ca - Chevron Posts Mixed Financial Results, Raises Dividend By 5%
Oil major Chevron (CVX) has reported fourth-quarter 2024 financial results that missed Wall Street estimates as its refining business posted its first loss since the pandemic hit in 2020. The second-largest U.S. oil producer announced earnings per ...
Baystreet.ca - Apple’s Earnings Beat Estimates As ‘Services’ Grow
Apple (AAPL) has reported fourth-quarter financial results that beat Wall Street estimates as growth in the company’s “services” made up for a decline in iPhone sales. The Silicon Valley-based company announced earnings per share (EPS) of $2.40 ...
Baystreet.ca - China's Search for a New Economic Engine
As China welcomes in the new year today, markets are hopeful that the government’s strategy of ‘short term pain for long term gain’ is enough to push the Chinese economy to a new stage of development. In traditional Chinese culture, the Year of ...
Baystreet.ca - Shell Misses Profit Target, Still Raises Dividends
British oil giant Shell (NYSE:SHEL) on Thursday reported a significant drop in annual profit, citing higher exploration writeoffs, lower trading margins and weaker crude prices over the final three months of the year. Shell posted adjusted earnings ...
Baystreet.ca - Dow Rockets 150+ in Volatile Session
Canada's main stock index skyrocketed to near a record high on Thursday, lifted by mining and technology shares, as investors cheered earnings from some of the big tech megacaps on Wall Street. The TSX index popped 336.3 points, or 1.3%, to close ...
Baystreet.ca - Five Top Stocks to Own with Growing Demand for Healthier Snacks
The obesity issue is bursting at the seams. Over the last 50 years, according to the National Institutes of Health, “the health of Americans has gotten worse, and now 71% of Americans are overweight or obese. That means a staggering 100 million ...
Baystreet.ca - Twin Peaks Launches Year’s First IPO
Sports bar chain Twin Peaks starts trading Thursday on the NASDAQ using the ticker “TWNP,” making it the first restaurant initial public offering of the new year and a potential litmus test for others looking to go public. The IPO market has been ...
Baystreet.ca - Tesla’s Financial Results Miss Wall Street Forecasts Across The Board
Electric vehicle maker Tesla (TSLA) has reported fourth-quarter 2024 financial results that missed Wall Street forecasts on the top and bottom lines. The company led by Elon Musk declared earnings per share (EPS) of $0.73 U.S., which was below the ...
Baystreet.ca - Why OPEC Is Unlikely To Bow To Pressure From Trump
A week ago, Trump laid out his energy policy agenda in his 23 January address to the World Economic Forum, urging OPEC to lower oil prices in a bid to end Russia’s war in Ukraine. “And I’m also going to ask Saudi Arabia and OPEC to bring down the ...
Baystreet.ca - Microsoft’s Stock Falls 5% As Cloud Computing Growth Comes Up Short
Shares of Microsoft (MSFT) are down 5% after the software company reported financial results that showed weak growth in its Azure cloud computing unit. Microsoft did manage to beat Wall Street forecasts on the top and bottom lines for what was its ...
Baystreet.ca - Meta Platforms’ Stock Hits All-Time High As Earnings Surpass Targets
The stock of Meta Platforms (META) is trading at an all-time high after the social media company reported fourth-quarter 2024 financial results that beat Wall Street targets. The Silicon Valley-based technology giant announced earnings per share ...
Baystreet.ca - U.S. Federal Reserve Leaves Interest Rates Unchanged
As was widely expected, the U.S. Federal Reserve has held interest rates at current levels due to growing concerns over inflation. The Federal Reserve kept its trendsetting Fed Funds Rate in its current target range of 4.25% to 4.50%. Futures ...
Baystreet.ca - Japan, Aussie Stocks Break Ranks with Wall Street
Japanese and Australian markets climbed Thursday, breaking ranks with Wall Street that fell overnight as the Federal Reserve kept interest rates unchanged. Several Asia-Pacific markets were closed for the Lunar New Year holiday. In Japan, the Nikkei ...
Baystreet.ca - Canada Won’t Single Out Alberta in Any Potential Tariffs on the U.S.
Canada will not let the oil-producing province of Alberta suffer the biggest blow of any Canadian retaliatory tariffs in response to potential U.S. import levies, said Jonathan Wilkinson, Canadian Energy and Natural Resources Minister. The potential ...
Baystreet.ca - Alterity Vaults on Drug Test Results
Alterity Therapeutics (NASDAQ: ATHE) shares moved up at warp-speed Thursday, on announcing positive topline results from the ATH434-201 randomized, double-blind, placebo-controlled Phase 2 clinical trial in patients with early-stage multiple system atrophy ...