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GME shares tank after short squeeze; 4Q earnings due
February 02, 2021 05:41 AM GMT| By Team Kalkine MediaGameStop shares lost track on Monday in the US, closing nearly 31% lower at $225. In the after-hours trading, the stock took a further plunge of 15.77%. The recent momentum in silver prices has also cooled off after CME raised margins on the precio.....
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Robinhood raises USD 3.4B to support its burgeoning customer base
February 02, 2021 04:56 AM GMT| By Hina ChowdharyOnline trading app Robinhood had an exceptional run during the pandemic as it experienced exponential growth last year. To invest in its growing customer base, the fintech company raised USD 3.4 billion through a private placement. The funding come.....
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Silver lining for Wall Street: US shares rebound as silver gets attention
February 01, 2021 10:04 PM GMT| By Kunal SawhneyThe US shares rebounded on Monday after retail traders shifted their focus to silver, driving up mining stocks. The quick recovery comes after a steep slump in the benchmark Wall Street indices amid concerns around speculative trading frenzy and no.....
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FTSE 100 surged by 0.92%, led by rally seen in general retailers and mining shares
February 01, 2021 06:20 PM GMT| By Team Kalkine MediaUS Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 22.05 points or 0.59 per cent higher at 3,736.29, Dow Jones Industrial Average Index expanded by 81.59 points or 0.27 per cent higher at 30,...
UK Seeks to Join the Trans-Pacific Trade Group, A Year After Exiting EU
February 01, 2021 01:34 PM GMT| By Hina ChowdharyThe United Kingdom formally applied to join the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) trading bloc on Monday to increase its trade partnership with the Asia-Pacific region. The move follows after the UK exited the .....
More Borrowing & Disinvestments in India’s 2021 Union Budget
February 01, 2021 12:31 PM GMT| By Kunal SawhneyCanada and the US, which have a significant population of Indian origin, showed a keen interest in India’s annual budget presented in parliament on Monday by Finance Minister Nirmala Sitharaman. The Indian budget has drawn keen inter.....
Is Silver the Next Big Bet on Wall Street?
February 01, 2021 10:54 AM GMT| By Team Kalkine MediaThis time Wall Street bet traders have targeted the precious metal silver. Users on the Reddit forum Wall Street bets have been making a case for buying silver to try and push its prices higher. Notably, prices of silver are often manipulated. The.....
Make UK urges the British government to address Brexit border delays
February 01, 2021 09:31 AM GMT| By Team Kalkine MediaMake UK, the manufacturers’ union of the United Kingdom, has urged the government to address Brexit border delay issues that have been causing supply chain disruptions for British companies. (I.....
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Covid-19 shots offered to all older residents of care homes in England, claims NHS
February 01, 2021 08:53 AM GMT| By Team Kalkine MediaSummary The National Health Service has said that official figures will confirm that the coronavirus vaccine has been delivered to every old care home resident in England. UK PM Boris Johnson has called this a significant milestone of the natio.....
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FTSE 100 likely to start higher, GBP scales past 1.37 vs USD
February 01, 2021 08:10 AM GMT| By Team Kalkine MediaUK stock markets are expected to open higher on Monday, 1 February, tracking the upbeat Asian cues with Japanese Nikkei 225 advancing more than 1.5 per cent in the final hours of trading. The Great Britain pound (GBP) once again went past 1.37 agains...
Indian Government Proposes Ban on Cryptocurrency, What It Could Mean for Investors?
February 01, 2021 05:04 PM AEDT| By Kunal SawhneyThe cryptospace is poised to witness a drastic change with the introduction of a new bill in the Indian Parliament, seeking to bar all private cryptocurrencies in the Asian country. Parliamentary Bill to Ban Cryptocurrency Across India The Indian...
How GameStop short squeeze roiled Wall Street
February 01, 2021 03:57 AM GMT| By Kunal SawhneyThe US stock market, beginning January 2021, witnessed a ‘short squeeze’ on select stocks such as GameStop amid a coordinated effort by retail investors on Reddit to keep their prices higher. Since the stock prices skyrocketed in no tim.....
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US shares end worst week since October; Dow down over 600 points
January 31, 2021 10:23 PM GMT| By Team Kalkine MediaThe US benchmark equity indices closed Friday’s trade on a negative note after a rally in select stocks such as GameStop triggered volatility. The shares of GameStop surged nearly 68 per cent on Friday and 400 per cent last week. The stock ro.....
Gold Had A Terrific 2020; How Did Platinum Fare?
January 30, 2021 01:33 PM GMT| By Kunal SawhneyThe emphatic gold rally was seen at the start of 2020 in various parts of the world because of its limited supply and high demand as a safe-haven investment. COVID-19-driven lockdowns induced financial droops, globally, which further added.....
Bitcoin Zooms Over US$38,000 Over Elon Musk’s New Twitter Profile Bio
January 30, 2021 03:02 PM AEDT| By Kunal SawhneyBitcoin (BTC) soared over US$ 38,000 per BTC on the back of Tesla (TSLA:US or NASDAQ: TSLA) CEO and founder Elon Musk’s new Twitter profile bio description ‘#bitcoin’. The largest crypto token flew from US$ 32,000 to US$ 36000 in.....
British and European Markets’ Traded Lower; Marston’s Plc Stock Soared by 10.03%
January 29, 2021 05:42 PM GMT| By Team Kalkine MediaUS Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 80.54 points or 2.13 per cent lower at 3,706.84, Dow Jones Industrial Average Index contracted by 614.77 points or 2.01 per cent lower at 29,9...
What Is Litecoin? How To Buy It?
January 30, 2021 01:30 AM AEDT| By Hina ChowdharyLitecoin is a private cryptocurrency that offers peer-to-peer payment service across the world. It claims to be a hassle-free gateway and has no regulatory obligations. The virtual coin was created in 2011 by Charlie Lee, former Google and .....
Mission Possible Partnership brings 400 global leaders to accelerate worldwide decarbonisation
January 29, 2021 02:23 PM GMT| By Team Kalkine MediaThe Mission Possible Partnership (MPP), another alliance framed to quicken the decarbonisation of worldwide industries addressing 30% of worldwide emissions was launched on 27 January 2021, at the Davos Agenda. The MPP was formed on the back of fo.....
Novavax shares spurt 35% afterhours as its Covid vaccine shows 89% efficacy
January 29, 2021 12:53 PM GMT| By Kunal SawhneySummary Novavax share price soared more than 35 per cent after-hours on Nasdaq after vaccine indicated promising efficacy results. The stock of Novavax has already registered a gain of more than 1,800 per cent in the last 12 months. Shares.....
German software company SAP SE (NYSE: SAP) announces results
January 29, 2021 12:17 PM GMT| By Team Kalkine MediaGermany-headquartered multinational software company SAP SE (NYSE: SAP) released its results for the fourth quarter of FY 2020 along with the full year results on Friday, 29 January. The report highlighted that the.....
