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First Bitcoin ETF Futures BITO climbs over 4% in NYSE debut
October 20, 2021 10:46 AM AEDT| By Sanjeeb BaruahHighlights ProShares Bitcoin Strategy ETF debuted on NYSE Tuesday with the ticker BITO. It is the first Bitcoin-focused ETF to start trading in the stock exchange. On the first day, around 21.4 million shares of the ETF were traded. .....
Wall Street closes higher as strong earnings lift risk appetite
October 20, 2021 08:46 AM AEDT| By Sanjeeb BaruahBenchmark US indices edged higher on Tuesday, October 19, as strong quarterly earnings of companies for the third consecutive session lifted investors’ risk appetite. The S&P 500 was up 0.74% to 4,519.63. The Dow Jones rose 0.56% to 35,457...
Travelers (TRV), Ericsson (ERIC) beat earnings estimates in Q3
October 20, 2021 06:26 AM AEDT| By Ipsita SarkarHighlights Ericsson (NASDAQ: ERIC) posted an EBIT of SEK56.3 billion (Swedish Krona) in Q3, FY21. Ericsson plans to cut its operations in China after huge sales decline. The Travelers Companies, Inc’s. (NYSE: TRV) total revenue surged 6%.....
SEC finds no foul play in GameStop's meteoric rally: Key takeaways
October 20, 2021 05:27 AM AEDT| By Sanjeeb BaruahHighlights The intense volatility following wild price-swings of meme stocks had forced many brokerages, including Robinhood, to limit trading of the affected stocks on their platforms. In the report, the watchdog concluded that despite volatil.....
Philip Morris (PM), Bank of New York Mellon (BK) profits up in Q3
October 20, 2021 03:06 AM AEDT| By Ipsita SarkarHighlights Philip Morris International Inc’s (NYSE: PM) net revenue surged 9.1% YoY in Q3, FY21. PM revises its full-year diluted EPS forecast to be between US$5.77 and US$5.82. The Bank of New York Mellon Corp’s (NYSE: BK) total r.....
Johnson & Johnson (JNJ), Proctor & Gamble’s (PG) quarterly sales jump
October 20, 2021 02:46 AM AEDT| By Ipsita SarkarHighlights Johnson & Johnson (NYSE: JNJ) posted sales of US$23.3 billion, a 10.7% increase YoY. Procter & Gamble Company (NYSE: PG) reported net sales of US$20.3 billion, up 5% from the previous year. Both the stocks received a m.....
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How StrikeX crypto is changing market dynamics
October 20, 2021 01:27 AM AEDT| By Manu ShankarStrikeX (STRX) crypto on Tuesday is setting the market on fire. The Binance Smart Chain driven crypto on a rally and amassed a massive price hike by 78,288.85%. Ever since StrikeX announced its upgrade to its predecessor StrikeCoin on 13 October, t.....
How rollout of Bitcoin ETF in US could be a watershed moment
October 20, 2021 01:02 AM AEDT| By Manu ShankarHighlights The Bitcoin ETF will mimic the price of the BTC. However, the difference would be that investing in a futures-based ETF will not be same as investing in Bitcoin. Bitcoin ETF is all set to make its debut at the NYSE with ProShares whi.....
Covid cases surge again: Will there be another lockdown?
October 19, 2021 10:30 PM AEDT| By Priya BhandariHighlights On Monday, new Covid cases reported in the UK were 49,156, highest reported since 17 July this year. The UK government is relying on the success of vaccination programme to avoid imposing fresh restrictions again this winter. &n.....
Can Bitcoin end 2021 with a price tag of $100,000?
October 19, 2021 09:57 PM AEDT| By Ankit SethiA few hiccups aside, 2021 has been a great year for Bitcoin and its backers. Where does Bitcoin go from here? Will the world’s largest crypto asset soon touch the US$100,000 mark? A few analysts believe that the resistance level of BTC is ap.....
Ghosts, Monsters, Ghouls and Stocks: Is the Halloween Strategy a Ghost Story?
October 19, 2021 09:27 PM AEDT| By Daniel Paul JohnsGather around the torchlight for this is a story century old which must be told in a deathly whisper and to those who absorb it, they have the choice to employ it and wait and see whether or not portfolio enjoys it. This is the Halloween strategy. .....
What is bamboo app? How does it work?
October 19, 2021 09:26 PM AEDT| By Ankit SethiThe cryptocurrency investment space is becoming more competitive. Players with their unique offerings are finding patronage. Non-fungible token (NFT) space is gaining traction, and Coinbase NFT has come to compete with OpenSea, which claims to be t.....
What is the LunarCrush crypto?
October 19, 2021 09:22 PM AEDT| By Raza NaqviCryptocurrencies are becoming increasingly popular, and even countries have started adopting virtual currency as a legal tender. As one of the most popular investment options today, joining the community of crypto investors without sufficient knowl.....
'Psychic' Mr Goxx is more than a force to reckon with
October 19, 2021 09:13 PM AEDT| By Manu ShankarMr Goxx, a pet hamster, grabbed headlines worldwide when his interest in crypto trading took the world by storm and managed to impress likes of Elon Musk and others. His unique modus operandi, where he runs on a hamster wheel and selects what.....
The Crypto Hype is Scaring me more than Halloween!
October 19, 2021 09:05 PM AEDT| By Kiara KhannaThe word Crypto is trending and has been trending for quite some time now. The craze that this digital currency has caused is immense and an immeasurable now. According to Coinmarket, the market has grown from around US$16 billion to US$2.9 trillion...
How are 5 NZX energy stocks aiding clean projects in 2021?
October 19, 2021 05:54 PM AEDT| By SonalHighlights The NZ government has committed $1.3 billion to support countries most exposed to climate change. Trustpower appointed Catherine Thompson as General Manager, Regulatory and Risk, on Tuesday. Z Energy declared that the last day.....
Is Fantom About To Explode?
October 19, 2021 05:14 PM AEDT| By Daniel Paul JohnsThis year has seen a marked shift in the value distribution dynamics of the cryptocurrency market. Although Bitcoin still remains the most valuable digital asset, the dominance gap has been significantly diminished by Ethereum’s rapid growth......
Why Tether’s US$41 Million Fine Is a Cause for Concern?
October 19, 2021 02:02 PM AEDT| By Daniel Paul JohnsOne of the biggest downsides of cryptocurrency is its volatility. A look at Bitcoin this year alone gives a solid indication of just how unstable the value of digital currencies can be at any given moment. This is where the demand for stablecoins .....
Crude oil tumbles as US factory data deepens demand concerns
October 19, 2021 01:36 PM AEDT| By Arpit VermaHighlights Crude oil edged lower on Monday. The production at the US factories tumbled to the lowest level in September. China's third-quarter economic growth has been dropped to the lowest level in the year due to power shortages. Crude .....
Inside Apple Unleashed: Which new products were showcased?
October 19, 2021 12:11 PM AEDT| By AshishAfter focusing on iPhones and Apple Watches a month ago, Apple has now unveiled a whole bunch of new devices, including iPhones, iPads, and the latest Apple Watch. On 18 October 2021, the Cupertino-based tech giant announced new products namely Mac.....
