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World sees 5.7 million cases in a week as COVID-19 wreaks mayhem
April 25, 2021 05:46 AM BST| By Furquan MoharkanSummary World clocked 5.71 million new cases last week and 88,738 deaths India reports 2.17 million cases in a week and 15,142 deaths These are the worst weekly numbers since onset of pandemic The world witnessed its worst week since the .....
A Revolution in The Making: How EVs Are Stealing Oil Vehicles’ Thunder
April 24, 2021 04:00 PM BST| By Team Kalkine MediaSummary Governments are encouraging the adoption of electric vehicles to address climate change issues. Many automakers are transitioning to the EV space. The battery industry is also evolving to support the EV space, and the plastics industry.....
British Retail Sales Inched Higher in March by 5.4%; FTSE 100 Ended Flat
April 23, 2021 08:31 PM BST| By Team Kalkine MediaUS Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 37.63 points or 0.91 per cent higher at 4,172.61, Dow Jones Industrial Average Index surged by 163.11 points or 0.48 per cent higher at 33,9...
On Musk's Rocket, Dogecoin Soars to Record Highs
April 23, 2021 06:01 PM BST| By Team Kalkine MediaOn 20 April, Dogecoin soared to an all-time high near $0.42 before marginally reversing its gains. Backers of the meme cryptocurrency commemorated 20 April as 'Doge Day' after this incredible rally with #Dogeday420 trending on Twitter and Reddit. .....
GBP trades mixed against USD, EUR, while dollar index slips below 91
April 23, 2021 03:33 PM BST| By AbhijeetSummary GBP traded mixed against USD and the euro on 23 April. The US dollar index slipping below 91, supported sterling. At 1343 GMT, GBP to USD pair traded at 1.3861, up 0.18 per cent. The Great Britain pound (GBP) had a mixed-bag of tr.....
UK retail sales climb 5.4% in March even as online component falls
April 23, 2021 03:09 PM BST| By AbhijeetSummary The UK retail sales grew by 5.4 per cent in March, up from 2.2 per cent in February. Partial easements significantly helped in boosting the retail sales. The March 2021 retail sales were 1.6 per cent higher than February 2020 sales. N.....
FTSE 100 oscillates in red even as consumer confidence hits pandemic high
April 23, 2021 11:12 AM BST| By AbhijeetSummary FTSE 100 oscillated in red after recovering partially from early morning slump. Consumer confidence in the UK soared to -15 in April, which is at a 12-month high. Considerable uptick in March retail sales failed to regenerate the momen.....
How a Chinese woman’s viral video made Tesla apologise
April 23, 2021 09:49 AM BST| By Team Kalkine MediaSummary A video went viral on Monday, showing a woman shouting complaints atop a Tesla car at Shanghai Auto Show. Elon Musk’s Tesla Inc apologised to Chinese customer for the same. For the US-based electric car making brand Tesla Inc.....
McDonald's Corp. Prices Continue to Shine, are Investors Loving it?
April 23, 2021 09:44 AM BST| By Team Kalkine MediaSummary McDonald's Corp. (NYSE: MCD) gained 0.30% percent in the last trading session and stock prices are hovering near an all-time high. The stock price had broken an ascending triangle pattern on the daily chart and taking major support from.....
Reopening Impact: Consumer Confidence Post Sharp Rise in April
April 23, 2021 09:11 AM BST| By Team Kalkine MediaSummary In the month of April, GfK Consumer Confidence Index increased a notch to -15 from -16 in March. Expectations for the general economic situation for the next 12 months is now 45 points higher than what it was in the same month last year.....
Bitcoin slumps to 48-day low on tax hike angst
April 23, 2021 04:38 PM AEST| By Furquan MoharkanThe value of Bitcoin, the world’s most valued cryptocurrency, fell below the US$50,000-mark, on concerns of new regulations on increasing capital gains tax by the Biden administration in the US. At the time of filing this story, Bitcoin (BTC)...
World Climate Change Summit held; Jacinda Ardern Asks Countries to Follow NZ’s Lead
April 23, 2021 04:08 AM BST| By RomaSummary The US initiates the Climate Change meeting of the world’s leading countries. The US President promises reduction of emissions by half in 2030. Jacinda Ardern urges other nations to join the cause. Earlier today, it was repo.....
APAC shares under pressure as COVID-19, US LTCG woes weigh heavy
April 23, 2021 02:33 AM BST| By Furquan MoharkanThe shares across the Asia-Pacific (APAC) region opened in red on Friday morning, as sentiments were subdued due to the multiple global concerns. Australian benchmark index ASX 200 opened in red and was trading 24 basis points (bps) lower, at the .....
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Utility & Real Estate Shares Pushed FTSE 100 Higher by 0.62%
April 22, 2021 06:40 PM BST| By Team Kalkine MediaUS Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 40.91 points or 0.98 per cent lower at 4,132.51, Dow Jones Industrial Average Index dipped by 361.01 points or 1.06 per cent lower at 33,776.3...
How To Invest in Bitcoin & Ether Funds?
April 23, 2021 01:28 AM AEST| By AnujCrypto markets are volatile and keeping a watch on them round the clock is impossible. However, the Toronto Stock Exchange-listed crypto funds provide an exposure to real-time bitcoin and ether token prices. Earlier this year, TSX became the world&r...
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Acquisitions Across Industries: GRID, MXC & KWS
April 22, 2021 02:27 PM BST| By Suhita PoddarSummary Gresham House Energy Storage Fund PLC acquired its first operational capacity project Byers Brae in Scotland. MGC Pharmaceuticals Ltd acquired 100% stake in Israeli research company MediCaNL Inc. Keywords Studios PLC acquired UK based .....
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FTSE 100 stays range bound even as European shares gain up to 1%
April 22, 2021 02:12 PM BST| By AbhijeetSummary FTSE 100 traded range bound, while FTSE 250 rose over 0.50 per cent on Thursday. London equities failed to sustain the morning gains even as European stocks rallied. LSE’s headline index has fallen sharply after closing above 7,0.....
Bitcoin Rally May Be Over, Warns JPMorgan Chase
April 22, 2021 11:08 PM AEST| By Team Kalkine MediaSummary Strategists at JPMorgan Chase have cautioned that if Bitcoin’s value does not breach the US$ 60,000-mark soon, it can lose its momentum. Bitcoin hit a record high value of US$ 64,000 earlier in April amid a massive crypto rally fu.....
Crypto Safemoon Dives Leading to Scam Claims
April 22, 2021 08:12 PM AEST| By Team Kalkine MediaCryptocurrency Safemoon has plunged today, losing two-thirds of its value in just an hour. The crypto dove from AU$0.000015 to AU$0.000005 on Thursday morning, later recovering to AU$0.000007. The recent plunge has led to naysayers claiming that S.....
Technical Alert: IBM Successfully Pierces Through its Price Resistance
April 22, 2021 10:21 AM BST| By Team Kalkine MediaSummary International Business Machines Corp (NYSE: IBM) gained 3.90% percent in the last trading session. Post breaking out of a crucial resistance level the stock hit a new 52-week high. The stock has broken the rising channel pattern on the.....
