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Crypto Exchange Coinbase Takes Direct Listing Route For Public Debut
January 29, 2021 10:40 PM AEDT| By Kunal SawhneyCryptocurrency exchange Coinbase Inc is planning to go public via the traditional direct listing route, it revealed in a blog post on Thursday, January 28. The US-based company has already submitted a draft registration form with the U.S. Securitie.....
Hottest Stock of The Year So Far, Gamestop Plunge as Platforms Block Trading
January 29, 2021 09:51 AM GMT| By Team Kalkine MediaShares of US high street shop that sells games, consoles, and other electronics, GameStop Corp (NYSE: GME) nosedived by 55 per cent as trading platforms such as Robinhood and Interactive Brokers curbed buying of shares in the US games firm. The ban.....
Brexit fallout: Businesses ask government to resolve customs issues at UK ports
January 29, 2021 08:19 AM GMT| By Team Kalkine MediaBusiness leaders across the UK have warned the government about their members facing difficulties at the national ports post Brexit deal got implemented. If this situation continues as is, industry could face significant financial losses, warned th.....
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FTSE 100 Set to Open Lower as Global Equities Extend Losses
January 29, 2021 08:16 AM GMT| By Team Kalkine MediaUK stock markets are expected to start on a negative footing on Friday, 29 January, as global equities extended the losses in the early session continuing the weekly drop. The futures linked to FTSE 100 were trading one per cent lower, indicating a n...
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Is Robinhood Saving the Rich and Robbing the Poor?
January 29, 2021 05:27 AM GMT| By Team Kalkine MediaThe year 2020 had been extraordinary for Robinhood, an online trading app that attracts the young and mostly first-time investors to its commission-free platform. It is especially designed to tempt the new video game-loving generation. Image sou.....
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Retail brokers block long trades on GameStop shares
January 29, 2021 05:20 AM GMT| By Team Kalkine MediaFollowing days of wild frenzy, US games firm GameStop’s shares crashed 44% on Thursday. However, the stock also touched over $490 during the day. More importantly, GME stock was up 61.15% in the after-hours trading. Source © Kalkine G.....
General Motors to bid adieu to Gasoline and Diesel-powered Vehicles by 2035
January 29, 2021 04:42 AM GMT| By Team Kalkine MediaGeneral Motors Co, the one of the largest automakers across the world, has announced that it would end sales of gasoline and diesel light-duty vehicles including its new cars, SUV’s, and light pickup trucks by 2035 and eventually shift towards...
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How did Melvin Capital end up blowing $3.75 Billion?
January 29, 2021 01:43 PM AEDT| By Team Kalkine MediaThere’s a company called GameStop which had made a fortune selling video games from its physical stores in the 2000s. However, this is not 2000s and the physical games business has been completely overshadowed by digital space. Considering t.....
What’s Panning Out in the Cryptospace, Is a Reversal on Cards for Bitcoin?
January 29, 2021 02:35 AM GMT| By Kunal SawhneyWhat’s Panning Out in the Cryptospace, Is a Reversal on Cards for Bitcoin? Bitcoin prices seem to be finally taking a breather from the speculative sell-off seen in the digital currency over the news of double spent. To Know More, Do Read: B...
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US stocks recover from slump; Dow gains over 300 points
January 28, 2021 10:00 PM GMT| By Kunal SawhneyThe US stocks rebounded on Thursday even as the latest economic data was below expectations. The benchmark equity indices recorded their worst decline in three months in the last session. While S&P 500 gave up its returns in 2021, Dow Jones pos.....
FTSE 250 Index Ended Marginally in Green; Dow Jones up by over 500 points
January 28, 2021 08:43 PM GMT| By Kunal SawhneyUS Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 72.52 points or 1.93 per cent higher at 3,823.29, Dow Jones Industrial Average Index expanded by 544.69 points or 1.80 per cent higher at 30...
Dogecoin Soars By 240%: What’s Behind This All-Time High Rally?
January 29, 2021 02:52 AM AEDT| By Kunal SawhneyThe dog-symbol crypto-coin, dogecoin, shot up by over 240 per cent in less than 24 hours after a popular but unverified twitter handle posted about the meme-crypto. At the time of writing this, DOGE was trading at its all-time high of US$ 0.024926 .....
Valneva starts large-scale production of Covid-19 vaccine in Scotland
January 28, 2021 02:35 PM GMT| By Kunal SawhneySummary Valneva SE has started commercial manufacturing of its Covid-19 vaccine in Scotland. Following the development, shares of Euronext Paris-listed Valneva soared nearly 9 per cent in the intraday trade. The Valneva vaccine is in the Phase.....
2020 Marks the Lowest Four-Year Average Motor Insurance Price for the UK
January 28, 2021 01:47 PM GMT| By Hina ChowdharyThe motor insurance premiums paid by Britons on an average seems to have gone down substantially during the year 2020. The pandemic-induced lockdowns have forced the Britons to stay indoors to mitigate the risk of spreading infections. Vehicular tr.....
RICS Survey Reveals Rise in Empty Shops and Office Spaces in the UK
January 28, 2021 10:17 AM GMT| By Team Kalkine MediaThe coronavirus pandemic has indeed reshaped the economy and has also influenced people lives. The consequent lockdowns seem to have weighed down heavily on high-street retail shops. Even when the initial lockdowns were lifted, the high-street reta.....
Lab tests confirm BioNTech (NASDAQ: BNTX), Pfizer vaccine effective against new Covid-19 variants
January 28, 2021 10:15 AM GMT| By Hina ChowdharyA new laboratory test report that analysed the coronavirus candidate of BioNTech/Pfizer has revealed that the jab is protective against the new variants of the SARS-CoV-2 virus and is easily adaptable.....
Johnson visits Scotland to quell support for an independence vote
January 28, 2021 07:40 AM GMT| By Team Kalkine MediaBritish Prime Minister Boris Johnson would visit Scotland today for confronting the increasing support for a referendum on independence from the United Kingdom. Scottish First Minister Nicola Sturgeon has questioned if his trip is an.....
FTSE 100 set to open lower as Wall Street plunge renews jittery
January 28, 2021 06:52 AM GMT| By Kunal SawhneyUK stock markets are set to open on a negative footing on Thursday, 28 January, tracking the downbeat Asian cues after the Wall Street recorded considerable losses in the previous session. All the major stock indices including the Dow Industrials, S&...
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After Saudi Arabia, Iraq pitches in with Crude Oil production cut
January 28, 2021 03:48 AM GMT| By Team Kalkine MediaIraq produced at an average of 3.821 Mbbl/day throughout the last quarter of 2020 as per the OPEC January MOMR data. To make up for the extra production than the decided quota, Iraq has announced a production cut of 25,000 bbls per day of crude oil.....
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Tech giants report earnings: How did Apple & Tesla fare
January 28, 2021 03:30 AM GMT| By Kunal SawhneyTechnology giants Apple and Facebook turned in profitable revenue reports amid high expectations for the holiday quarter. However, Tesla has provided some mixed bag results. Profitable quarter for Apple Apple revealed it had closed the book on 20.....
