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News
Is the US set for low-interest rates for the next 3 years? The Fed believes so
September 17, 2020 11:11 PM AEST| By Team Kalkine MediaThe US Federal Reserve Board announced a major policy change on 27 August to keep low-interest rates and allowed inflation to run above 2% to support the labour market and broader economy. The new strategy that was detailed in a speech by Federal .....
Snowflake Debuts on The Exchange at Mind-Numbing Valuations, Price/Sales >100x
September 17, 2020 06:46 PM AEST| By Team Kalkine MediaSnowflake Inc. made a debut at the New York Stock Exchange on Wednesday, 16 September. With the backing of Warren Buffet’s Berkshire Hathaway, the market hype around the stock remained immense, sending the stock over 100% on the first day of .....
What is NYSE Bitcoin Index?
September 17, 2020 06:13 PM AEST| By Edita IvancevicThe New York Stock Exchange (NYSE), a part of the Intercontinental Exchange Inc (NYSE:ICE), revealed the launch of the NYSE Bitcoin Index (INDEXNYSEGIS:NYXBT) back in May of 2015. The launch of NYXBT meant that there would be a standard index for b.....
S&P/TSX Composite Index Ends 3-Day Long Winning Streak, Down 0.83%
September 17, 2020 01:11 PM AEST| By Team Kalkine MediaThe S&P/TSX Composite Index doffed 135.61 points or 0.83% to close at 16,295.66 on Wednesday, ending its three-day long winning streak. Industrials and Information technology stocks were the biggest losers. Five-day Price Chart (as on Septembe...
Oracle eyeing TikTok operations as it spins off into a separate entity
September 17, 2020 01:11 PM AEST| By Team Kalkine MediaSoftware giant Oracle is believed to be taking an ownership stake in the newly formed TikTok corporation. Oracle plans to team up with China's ByteDance in order to keep TikTok operating and running in the United States. Until a few days bac.....
Snowflake and Kodak: 2 Trending Stocks on Canadian Investors’ Radar
September 17, 2020 01:00 PM AEST| By Team Kalkine MediaCanadian investors woke up to a buoyant Wednesday, lifted by the early morning gains of the TSX composite index that climbed by 0.32 per cent within the first 30 minutes of intraday session. The markets reacted positively to higher oil pric.....
Is Bitcoin Revolution for real? How do you trade it?
September 17, 2020 11:21 AM AEST| By Team Kalkine MediaIn the sea of automated trading systems, it is easy to get confused while choosing the best one. Most systems promise a fast capital, with only a half an hour a day spent using the app. One of them is Bitcoin Revolution, which caused a lot of contr.....
FedEx Posts Profit, Higher Sales In Latest Quarter Report
September 17, 2020 04:08 AM AEST| By Team Kalkine MediaFedEx Corp (NYSE: FDX or FDX:US) ground-delivery sales surged by 36 per cent to US$7 billion in the first quarter (ending August 31) report. The delivery giant’s operating income climbed to $1.59 billion, from $0.98 billion same peri...
Ballard Makes 'TSX30' List For Second Consecutive Year
September 17, 2020 04:06 AM AEST| By Team Kalkine MediaBallard Power Systems (TSX: BLDP) was named in the TSX30 list based on its share price appreciation. BLDP shares rose by 83 per cent year-to-date. Between 1 July 2017 to 30 June 2020, BLDP stock price surged by 459 per cent. ...
Bridgemarq Declares Cash Dividend
September 17, 2020 04:04 AM AEST| By Team Kalkine MediaBridgemarq Real Estate Services Inc (TSX: BRE) announced dividend of C$ 0.1125 (payable on 30 October 2020). The company is a part of NYSE- and TSX-listed industrials firm Brookfield Business Partners. Bridgemarq has a current dividend yi...
CBD Maker Charlotte's Web Reports Q2 Financial Results
September 17, 2020 04:02 AM AEST| By Team Kalkine MediaCharlotte's Web Holdings Inc (TSX: CWEB) revenue dipped to C$ 21.6 million from C$ 25 million in Q2-2019. Retail sales was impacted by COVID-19 but e-commerce wing saw 33.6 per cent YoY rise. The pot maker posted an EBITDA loss of C$ 5.7...
Canada’s Consumer Price Index Rises Marginally
September 17, 2020 04:00 AM AEST| By Team Kalkine MediaThe August 2020 CPI figure went up by 0.1 per cent year-over-year, said Statistics Canada. Prices rose in five of the eight major components, reported the country’s statistics agency. Jewellery prices rose on the back of gold rally;...
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Unveiling Sinusoidal Trend of Rocket Companies’ Share Price
September 16, 2020 05:34 PM AEST| By Team Kalkine MediaShare price of Rocket Companies, Inc. (NYSE: RKT) has been on a roller-coaster ride ever since its Initial Public Offering (IPO) in early August. The Company has witnessed a high of US$34.37 and low of US$18.31 within days of commencing trading at .....
How does Bitcoin Circuit work?
September 16, 2020 05:07 PM AEST| By Edita IvancevicBitcoin Circuit is one among many automated trading systems, which is being promoted as a platform that makes its users rich. Similar platforms are famous within the younger population that wants to get rich in a fast and easy way, as those platfor.....
S&P/TSX Composite Extends Three Days of Winning Streaks
September 16, 2020 01:11 PM AEST| By Team Kalkine MediaCanadian equity benchmark index S&P/TSX Composite extended gains for the third consecutive day, closing at 16,431.27, up 71.13 points or 0.43%. The index traded above its crucial short-term as well as long-term support levels of 50-day and 200-da...
Cargojet (TSX: CJT) and Bombardier (TSX: BBD): 2 Trending Stocks on TSX This Week
September 16, 2020 06:55 AM AEST| By Team Kalkine MediaThe stock market will continue to be susceptible to the COVID-19 pandemic in days to come. With that in mind, some investors are seeking to invest in shares that have fared well in these tumultuous times, like freight .....
Cineplex (TSX: CGX) & Disney: Future of 2 Entertainment Stocks
September 16, 2020 06:40 AM AEST| By Team Kalkine MediaStocks of media and entertainment companies like Walt Disney (NYSE: DIS or DIS: US) and Cineplex (TSX: CGX) saw a sharp dip in value this year after lockdown restrictions forced cinema theatres and productions firms to shut d...
Kirkland and Wallbridge form joint venture on Detour East gold property
September 16, 2020 06:04 AM AEST| By Team Kalkine MediaKirkland Lake Gold Ltd (TSX:KL) will earn 75 per cent interest in Detour East by making expenditures totaling $35 million on the gold property. The expenditures will be spread across the next five years. Wallbridge Mining Company Limited...
Bank of Montreal Investments introduces ESG portfolios
September 16, 2020 06:02 AM AEST| By Team Kalkine MediaBMO Investments Inc. (BMOII) launched four new BMO Sustainable Portfolios. The products combine equity and fixed income ETFs, representing companies with high ESG ratings. The portfolios are - BMO Sustainable Balanced Portfolio, B...
Starcore revenue surges in latest quarter
September 16, 2020 06:00 AM AEST| By Team Kalkine MediaStarcore International Mines Ltd (TSX: SAM) posted a net income of C$ 1.7 million for the three-month period ended July 31, 2020. Cash and short-term investments on hand at the end of the quarter is C$ 1.3 million. Revenue surged to C$ 8...
Canadian AI All-Stars: Unveiling the Top Stocks for 2025