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News
Weakened momentum in global economic recovery
October 17, 2021 12:00 AM AEDT| By Rini ZachariahHighlights Earlier this week, the International Monetary Fund (IMF) released its outlook for global economic recovery. The headline forecast for global growth, too, has been brought down by 0.1% to 5.9%. The 2022 projections were held the same.....
Why LM Funding (LMFA) stock skyrocketed by over 33%?
October 16, 2021 12:20 PM AEDT| By Ipsita SarkarHighlights LM Funding America, Inc. (NASDAQ: LMFA) plans to mine 1200 bitcoins annually, starting from the second quarter of 2022. The company purchased 5000 mining machines for US$31.6 million to date. The stock is up 33.42% to US$4.58.....
LinkedIn to shut down service in China, cites ‘challenging’ conditions
October 16, 2021 12:00 PM AEDT| By Sanjeeb BaruahHighlights Microsoft-owned LinkedIn said that greater compliance requirements made it impossible to continue operations in China. LinkedIn will replace the site with a job portal, called InJobs, a stripped-down version, which will not have its.....
Weekly roundup of FTSE 100 risers and fallers (October-11-15)
October 16, 2021 10:23 AM AEDT| By Sreenivas D AjankarFTSE 100 traded moved higher on a weekly basis and achieved its 52 highs on the final day of the week. Here we are giving the roundup of the top gainer and top loser of every day during the passing week. 11 October 2021: Top riser: Anglo America...
Famous five of business this week (October 11-15)
October 16, 2021 10:22 AM AEDT| By Nidhi GuptaMonday – October 11 1. Barclays Plc (LON: BARC) Barclays announced the opening of a new campus site in Tradeston, Glasgow. The new site includes a workspace and a street food market, as the company focuses on att...
Wall Street ends higher as financials, consumer stocks lead gains
October 16, 2021 08:25 AM AEDT| By Sanjeeb BaruahBenchmark US indices closed higher for the second consecutive day on Friday, October 15, buoyed by robust quarterly results of financial majors Goldman Sachs and Charles Schwab and others. The S&P 500 rose 0.75% to 4471.37. The Dow Jones rose 1....
Mania to mainstream: In a first, SEC might allow Bitcoin ETF trading
October 16, 2021 04:59 AM AEDT| By Ipsita SarkarHighlights Last month, SEC chair Garry Gensler hinted that Bitcoin Futures ETFs might receive a government nod under a 1940 law. Although many aspiring Bitcoin ETF issuers have lined up since, as many as four are under SEC consideration t.....
Can the 1st US Bitcoin ETF take BTC to new peaks?
October 16, 2021 02:39 AM AEDT| By Ankit SethiHighlights The Securities and Exchange Commission (SEC) had earlier approved the Volt ETF that tracks stocks in Bitcoin-related activities Bitcoin’s price has been surging over the past few weeks, likely because investors are banking .....
Wall Street uplifts London equities as US retail sales jump
October 16, 2021 02:08 AM AEDT| By AbhijeetUS Markets: Wall Street indices started on a positive footing on Friday, 15 October, with the Dow Jones Industrial Average rising approximately 1%, extending Thursday’s gain of more than 1.50%. The technology barometer Nasdaq Composite advanced...
Is NuCypher (NU) a good investment for near future?
October 16, 2021 01:51 AM AEDT| By Manu ShankarNuCypher (NU) is decentralised encryption software that provides a security and privacy layer for public blockchains. An end-to-end encrypted data sharing platform allows seamless data sharing between multiple participants using proxy re-encryption.....
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Can these 5 altcoins help fund holiday shopping?
October 16, 2021 12:30 AM AEDT| By Ankit SethiHighlights It is not Bitcoin that has gained the most this year, many altcoins win in terms of YTD returns. It is best to study the underlying tech of any crypto in order to understand any likely rise or fall in value in the future. Some altco.....
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Is Olympus crypto (OHM) a decent investment option?
October 15, 2021 11:44 PM AEDT| By Manu ShankarHighlights Olympus crypto (OHM) is deemed an algorithmic stablecoin protocol to become a stable crypto-native currency. As per CoinMarketCap, OHM was trading at US $989.64 with a 24-hour trading volume of US $466,321,565 and was down 20.75% in .....
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FTSE 100 hits new 52-week high as HSBC, Shell, BP lead
October 15, 2021 11:22 PM AEDT| By AbhijeetUK shares finally managed to surpass the yearly peaks on Friday, 15 October, with the benchmark FTSE 100 hitting a fresh 52-week high as investors accumulated heavyweight shares before the major round of corporate earnings starting next week. Share.....
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UK to ease visa rules for foreign HGV drivers: Can these 3 stocks gain?
October 15, 2021 10:36 PM AEDT| By Suhita PoddarHighlights The UK government is set to ease visa rules to allow foreign HGV drivers to make deliveries more frequently in the country. The proposed temporary scheme plans to allow unlimited trips to the UK for up to two weeks by EU lorry driver.....
Digital gift card retailer Prezzee to be listed on ASX soon
October 15, 2021 08:56 PM AEDT| By Priyanka PayalHighlights Prezzee Pty Limited is considering getting listed on the stock market soon. Studies indicate that the gift-card market could expand from AU$838 billion in 2019 to AU$2.81 trillion by 2027. Prezzee, which operat.....
Why Ripple joining the Digital Pound bandwagon could be a gamechanger
October 15, 2021 08:51 PM AEDT| By Manu ShankarHighlights Ripple Foundation on 14 October announced that it would be joining forces with the UK’s Digital Pound Foundation. The Ripple team is expected to work with the Digital Pound Foundation on the technical as well as policy-re.....
Rubix IPO: When can you buy shares of UK’s largest industrial listing?
October 15, 2021 08:40 PM AEDT| By Suhita PoddarUK based multinational industrial parts company Rubix, on 14 October unveiled its plans of an initial public offering (IPO) on the London Stock Exchange (LSE). The company is owned by private equity firm Advent. The news came as a surprise when se.....
North Australian Cattle Company now has a new owner
October 15, 2021 08:16 PM AEDT| By Sonal GoyalHighlights North Australian Cattle Company (NAAC) has come out of voluntary administration with new owner. The managing director of NAAC, Ashley James has taken over the NACC. The company went into administration due to disagreement amon.....
Here’s NSW’s A$66M package to lift outdoor activities post lockdown!
October 15, 2021 07:47 PM AEDT| By Priyanka PayalHighlights On Thursday, the NSW Government announced Alfresco Restart package worth AU$66 million to boost outdoor dining and hospitality business in Australia post lockdown. The decision was taken in view of the decline in COVID-19 cases.....
Bitcoin Hits $60,000 for the first time since April
October 15, 2021 07:30 PM AEDT| By Manu ShankarHighlights Bitcoin breaks into the US $6000 for the first time in months. At the time of writing (BST 8.00 am), Bitcoin was currently trading at US $59,560.05 with a 24-hour trading volume of US $39,709,408,168. Bitcoin was up by 3.19% in the.....
AI on the Rise: A Look at Top AI Companies and Their Stocks