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Baystreet.ca - Weekly AI Stock Bubble Watch
Concerns about an artificial intelligence stock bubble continued to wane. The mega capitalization firms announced large deals in Saudi Arabia after Trump’s visit. This solidified Microsoft (MSFT), Nvidia (NVDA), and Advanced Micro Devices (AMD) as among ...
Baystreet.ca - Raytheon Jumps on Navy Contract
Raytheon, an RTX (NYSE: RTX) business has been awarded a $536-million contract from the U.S. Navy for the SPY-6 family of radars. The contract is a follow-on to the previously awarded Integration and Production Support contract and includes upgrading ...
Baystreet.ca - Northern Dynasty, Ocumetics, Star Copper at 52-Week Highs on News
Northern Dynasty Minerals Ltd. (T.NDM) hit a new 52-week high of $1.73 Tuesday. The company’s principal asset, owned through its wholly owned Alaska-based U.S. subsidiary, Pebble Limited Partnership, is a 100% interest in a contiguous block of 1,840 ...
Baystreet.ca - Ottawa Collects An Extra $617 Million From Counter-Tariffs On U.S.
Canada’s federal government in Ottawa collected an extra $617 million in import duties during March as counter-tariffs imposed on the neighbouring U.S. went into effect. The federal government’s latest Fiscal Monitor report shows that revenues ...
Baystreet.ca - Lower Oil Prices Spur Strong Start to U.S. Driving Season
The U.S. is off to a strong start to the driving season as the slump in oil prices in recent weeks has led to the lowest gasoline prices for Memorial Day weekend in four years. Gasoline demand was strong over the holiday weekend, which ushers in the ...
Baystreet.ca - Trade Suspense Keeps Lid on Stocks
Equity markets in Canada’s largest centre opened lower on Tuesday, led by losses in metal miners' shares, as investors awaited possible trade negotiations between the U.S. and its trading partners for more clarity on the tariff war and economic uncertainty. The ...
Baystreet.ca - Futures Subside Tuesday After Monday Gains
Futures tied to Canada's main stock index fell on Tuesday, mirroring Wall Street peers, as concerns over erratic U.S. trade policies clouded investor sentiment. The TSX Composite Index popped 213.91 points to conclude Monday at 26,388.96. Futures ...
Baystreet.ca - Stocks Decline to Begin Tuesday
Equity markets in Canada’s largest centre opened lower on Tuesday, led by losses in metal miners' shares, as investors awaited possible trade negotiations between the U.S. and its trading partners for more clarity on the tariff war and economic uncertainty. The ...
Baystreet.ca - Meta Platforms Strikes Nuclear Power Deal With Constellation Energy
Meta Platforms (META) has signed a 20-year agreement to buy nuclear power from Constellation Energy (CEG). The deal comes as a growing number of technology companies strike deals with utilities to meet their growing power needs, particularly for ...
Baystreet.ca - Walt Disney Lays Off Hundreds Of Employees In Film And TV Units
Entertainment giant Walt Disney Co. (DIS) is laying off several hundred employees in its film, television and corporate finance departments, according to media reports. The layoffs impact staff around the world, including in areas such as film and ...
Baystreet.ca - Tuesday's Trades: Credo, APLD, and Snowflake
After markets closed on Monday, Credo Technology (CRDO) posted a strong increase in revenue. CRDO stock gained 12% in after-hours trade and should open strongly this morning. Credo supplies connectivity solutions for the hyperscale data center, ...
Baystreet.ca - Warning: U.S. Manufacturing Contracted in May 2025
The U.S. government reported that last month manufacturing contracted. This is the third month in a row. Furthermore, suppliers have a delivery input time not seen in around three years. This is a warning to consumers that a goods shortage may unfold. The ...
Baystreet.ca - Robinhood Closes Bitstamp Deal
Robinhood (NASDAQ:HOOD) has officially closed its $200-million acquisition of Bitstamp, bringing one of the world’s longest-running cryptocurrency exchanges into its fold and signaling a strategic shift beyond retail trading and into the world of institutions. The ...
Baystreet.ca - Europe’s Inflation Rate Falls To 1.9%, Below Central Bank Target
Inflation across the European Union (EU) has fallen to an annualized 1.9%, which is below the European Central Bank’s (ECB) 2% target. Statistics agency Eurostat attributed the 1.9% inflation reading for May to a steep decline in prices for services. ...
Baystreet.ca - Sagtec Kicks off Robotics Platform
Sagtec Global Limited (NASDAQ: SAGT) shares began Tuesday in the red. The Kuala Lumpur-based technology innovator in customizable software and AI systems today announced the commercial launch of its AI-powered robotics platform, engineered to transform ...
Baystreet.ca - Asia Mixed on China Data, Korea Vote
Asia-Pacific markets traded mixed Tuesday after China's manufacturing activity in May shrank at the fastest pace since September 2022, a private survey showed. In Japan, the Nikkei 225 fell 23.86 points, or 0.1%, to 37,446.81. In Hong Kong, the Hang ...
Baystreet.ca - Geopolitics Just Slapped the Oil Market Awake
This weekend, OPEC+ agreed to add another 411,000 barrels daily to its combined output. The decision came amid expectations of a bigger hike that had weighed on energy stocks prior to the latest meeting of the group. But that wasn’t all. Following the ...
Baystreet.ca - Oil Prices Extend Gains on Supply Worry
Crude oil prices extended their climb that began Monday as concerns about supply security deepened. At the time of writing, Brent crude was trading at $64.85 per barrel and West Texas Intermediate was changing hands for $62.82 per barrel, after rising ...
Baystreet.ca - Kazakhstan’s Giant Kashagan Oilfield to Hit 1 Billion Barrels Production Soon
The Kashagan oilfield, which began production in 2013, is expected to hit the landmark 1 billion barrels of cumulative production by the end of the year, according to Kazakhstan media. Kashagan is located in the North Caspian Sea in Kazakhstan and ...
Baystreet.ca - Allied, Almonty, Andean at 52-Week Highs on News
Allied Gold Corporation (T.AAUC) hit a new 52-week high of $20.09 Monday. Allied announces its common shares have been approved for listing on the New York Stock Exchange Trading on the NYSE is expected to commence at market open on Monday, June 9, under ...
Baystreet.ca - Asia Drops on Threats to Double Steel Tariffs
Asia-Pacific markets were mostly lower Monday after President Donald Trump told U.S. steelworkers that he will double tariffs on steel imports to 50%, effective from Wednesday. In Japan, the Nikkei 225 tumbled 494.43 points, or 1.3%, to 37,470.67. ...
Baystreet.ca - Trump’s ‘Beautiful’ Bill Casts a Cloud Over Hydrogen’s Future
A week ago, the U.S. House of Representatives passed Trump’s “Big, Beautiful Bill” designed to deploy large tax cuts, extra spending on defense and immigration enforcement by primarily leveraging deep cuts to the Inflation Reduction Act (IRA) of 2022. With ...
Baystreet.ca - Why Regeneron Shares Lost Nearly 20%
In the last year, Regeneron (REGN) performed poorly. REGN stock entered a prolonged downtrend, despite no major news that would explain the decline. Last Friday, May 30, Regeneron and its drug development partner Sanofi (SNY) reported clinical phase ...
Baystreet.ca - BMO Boosts Dividend Again as Yield Climbs to 4.4%
On May 28, Bank of Montreal (TSX:BMO) (NYSE:BMO) announced that it would be increasing its dividend payment yet again. Its upcoming dividend, which will be payable on August 26, is a four-cent increase from what it was paying shareholders before. At ...