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Baystreet.ca - Gold Poised for Best Week in More than Year
Gold was ready for great things to end a volatile week, as trade in the shiny yellow metal capitalized on its status as a safe haven. Spot gold jumped 1.4% to $2,707.05 per ounce as of 1022 GMT, hitting its highest since Nov. 8. U.S. gold futures ...
Baystreet.ca - Bluesky “Billionaire Proof”: CEO
Bluesky (OTC:BTCWF has surged in popularity since the presidential election earlier this month, suddenly becoming a competitor to Elon Musk’s X and Meta’s Threads. But CEO Jay Graber has some cautionary words for potential acquirers: Bluesky is “billionaire ...
Baystreet.ca - SEC Chair Gary Gensler Announces Resignation
Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC), has announced that he will resign from his position on Jan. 20, 2025. Gensler has held the top job at the SEC since 2021 and is best-known for his tough regulatory approach, ...
Baystreet.ca - Dow Soars 300+, on Way to Weekly Gain
Canada's main stock index scaled a record high on Friday, amid broader gains led by industrial shares, as investors focused on stronger-than-expected retail sales data that firmed expectations for an interest-rate cut next month. The TSX gained ...
Baystreet.ca - Dow Soars 200+, Heads for Weekly Gain
Equities in Canada’s biggest market opened higher on Friday despite losses in energy stocks, while investors focused on domestic retail sales data. Canada's main stock index opened slightly lower on Friday as losses in energy stocks countered gains ...
Baystreet.ca - India Poised to Double Down on Natural Gas Amid Rapid Growth
India’s energy demand growth is not limited to oil. The world’s third-largest crude oil importer is set to become a major force in the natural gas market as its demand is expected to surge in the coming decades amid industry and population expansion. ...
Baystreet.ca - Watch These Biggest Moving Stocks: Amentum, Deere, Vistra, and Constellation Energy
Amentum Holdings (AMTM), which fell from $34 to below $22, bounced back yesterday. It gained 10.5% after analysts at Raymond James initiated coverage on AMTM stock with an outperform rating. The analyst called the stock under-covered and undervalued. ...
Baystreet.ca - Verizon Trumpets Early Results of Tender Offers
Verizon Communications Inc. (NYSE: VZ) shares began Friday positive, on announcing, in connection with Verizon’s previously announced Offers to purchase its outstanding Securities on the terms and subject to the conditions set forth in the offer to purchase ...
Baystreet.ca - Ottawa Announces Christmas Tax Holiday To Help Struggling Consumers
Canada’s federal government in Ottawa is planning to give struggling consumers a tax break over the Christmas holidays. Prime Minister Justin Trudeau is proposing to cut the federal goods and services tax (GST) on a slew of items over a two-month ...
Baystreet.ca - NEO, Fairfax, Happy Belly at 52-Week Highs on News
NEO Battery Materials Ltd. (V.NBM) hit a new 52-week high of 89 cents Friday. NEO announced the appointment of Seok Hyung Lee as a new independent director of the Company and the South Korean subsidiary, NBM Korea Co., Ltd., effective November 22. Fairfax ...
Baystreet.ca - Rezolve Resells Partnership with Tech Heavyweights
Rezolve Ai (NASDAQ: RZLV) shares were flat Friday, as the leader in empathetic conversational AI solutions, has announced back-to-back strategic reseller partnerships with Microsoft (NASDAQ: MSFT) and Google (NASDAQ:GOOGL), two of the most prominent ...
Baystreet.ca - Intuit’s Stock Falls 5% On Weak Forward Guidance
Shares of Intuit (INTU) are down 5% after the software company announced revenue guidance for the current quarter that fell short of Wall Street’s expectations. The Silicon Valley-based company reported earnings per share (EPS) of $2.50 U.S., which ...
Baystreet.ca - Today's Top Tech Champs: Reddit and Snowflake
Technology investors who bought only artificial intelligence chip suppliers and magnificent seven firms performed well. However, investors who bought AI firms like Super Micro Computers (SMCI) at its peak lost money. Investors should look at two firms ...
Baystreet.ca - USD / CAD - Canadian dollar retreats again
- Markets suffering from new wave of risk aversion. - Weak Euro area and UK data boost greenback. - US dollar opens with gains across the board. USDCAD: open 1.3988, overnight range,1.3958-1.4021, close 1.3975, WTI $70.16, Gold, $2707.78 The ...
Baystreet.ca - Latest US Sanctions Will Not Hit Osaka Gas Purchases of Russian LNG
The latest U.S. sanctions against Russia are not expected to affect the purchases of Japan’s Osaka Gas of Russian LNG under its long-term contract for LNG from the Sakhalin-2 LNG project, Osaka Gas’s president Masataka Fujiwara said on Friday. On ...
Baystreet.ca - Why Chinese Tech Stocks Lost Up to 10%
Confidence in China’s macroeconomic level stimulus, tax breaks, and interest rate cuts continued to fade. After they boosted stocks on September 24, 2024, PDD Holdings (PDD) lost 10.64% on Thursday. The firm owns Temu. PDD posted non-GAAP EPADS ...
Baystreet.ca - European Battery Maker Northvolt Files For Bankruptcy
Northvolt, one of Europe’s biggest electric vehicle (EV) battery manufacturers, has filed for Chapter 11 bankruptcy in the U.S. The Swedish company has long been one of Europe’s most valuable privately held technology firms and was viewed as developing ...
Baystreet.ca - Gap Stock Rises 15% On Strong Financial Results
Shares of the Gap (GAP) are up 15% after the clothing retailer posted strong financial results for this year’s third quarter. San Francisco-based Gap reported earnings per share (EPS) of $0.72 U.S., which was ahead of the consensus forecast that ...
Baystreet.ca - Futures Tick Up in Week’s Last Session
Futures tied to Canada's main stock index nudged up on Friday, supported by precious metal prices, while cautious investors awaited domestic and U.S. economic data due later in the day. The TSX leaped 354.22 points, or 1.4%, to close Thursday at ...
Baystreet.ca - BioXcel Prices New Offering
BioXcel Therapeutics (NASDAQ: BTAI), a biopharmaceutical company utilizing artificial intelligence approaches to develop transformative medicines in neuroscience and immuno-oncology, today announced the pricing of an underwritten public offering of 5,600,000 ...
Baystreet.ca - Why This Stock Just Crashed By 22%
After Target (TGT) posted quarter results on Wednesday, the stock dropped by 21.97%. ETF investors who hold the SPDR Staples Select, VanEcK Retail (RTH), or Invesco S&P 500 Equal Weight Consumers Staples (RSPS) have a meaningful exposure to TGT stock. Target ...
Baystreet.ca - Stocks On Sale: Qualcomm, MPWR, and Elf Beauty
Qualcomm (QCOM) lost 6.4% yesterday to close at $154.27. Investors did not respond well to the company’s updates provided at its Investor Day. Qualcomm is performing well in the IoT and Automotive markets. It could pivot its business out of smartphones ...
Baystreet.ca - Exxon, Hess, and CNOOC Schedule Oil Output Boost in Guyana
Exxon, Hess, and CNOOC plan to add a fourth production vessel to the ones already operating in the Stabroek Block offshore Guyana, Hess Corp.’s CEO has said, as quoted by Reuters. The floating production, storage, and offloading vessel should reach ...
Baystreet.ca - Five Top Copper Stocks to Own with Significant Copper Supply Challenges Ahead
Copper is now in the early stages of what appears to be a long-term, multi-year bull market. With soaring demand for the copper needed in electric vehicles, the power grid, data centers and more there is significant upside potential for those companies ...
Baystreet.ca - These Are The Biggest Moving Stocks: Snowflake, SMCI, and Humana
Snowflake (SNOW) will open up by around 20% on Thursday. The software company posted non-GAAP earnings per share of $0.20. Snowflake’s revenue increased by 28.3% Y/Y to $942.09 million. Investors are happy that the firm increased its fiscal year ...
Baystreet.ca - The Oil Market Surplus May Be Smaller Than Feared
Oil market forecasters such as the International Energy Agency (IEA) may have been too pessimistic about supply-demand balances in their latest assessments, which show a large surplus for 2025. Actual global oil inventory trends in the third quarter ...
Baystreet.ca - Why Nvidia Is Dragging AI Chip Stocks Down Today
When Nvidia (NVDA) posted quarterly results after markets closed yesterday, shares initially closed down by over 4%. Today, shares may trade slightly lower while semiconductor suppliers in the artificial intelligence market may fare worse. Nvidia ...
Baystreet.ca - Palo Alto Networks Reports Mixed Financial Results
Cybersecurity firm Palo Alto Networks (PANW) has reported mixed financial results for this year’s third quarter. The Santa Clara, California-based company announced earnings per share (EPS) of $1.56 U.S., which beat the consensus forecast of $1.48 ...
Baystreet.ca - Saudi Aramco Plans Regular Debt Issues
Saudi Aramco plans to regularly tap the bond market for debt issuance as it looks to optimize capital structure and widen its investor base, Ziad Al-Murshed, chief financial officer of the world’s biggest oil firm, told Bloomberg in an interview. “You’ll ...
Baystreet.ca - Pfizer Names New Head Of Research And Development
Pharmaceutical giant Pfizer (PFE) has named company veteran Chris Boshoff its chief of research and development (R&D) as it looks to produce new prescription drugs. The appointment of Boshoff as head of R&D comes as Pfizer fends off activist investor ...