Archives

The resilience of raw materials’ adequate and timely supply plays an important role in the operations of an industry. In one of its latest reports in May, the International Energy Agency, popularly known as IEA, highlights this very point. The...

• May 14, 2021 08:47 AM EDT
• Team Kalkine Media

Summary Bitcoin price has dropped by ~30.66 percent from its lifetime high. on the daily chart Bitcoin prices are trading in a rising channel formation and below its 100-Period Simple Moving Average (SMA). The price has broken a rising trendli...

• May 14, 2021 06:01 AM EDT
• Team Kalkine Media

Telsa Inc (US:TSLA, NASDAQ:TSLA) founder Elon Musk tweeted on Wednesday, May 12, that the electric vehicle (EV) company is suspending all purchases using Bitcoin. He also hinted that the company is exploring other environment-friendly cryptocurrenci...

• May 14, 2021 05:38 AM EDT
• Anuj

Summary Elon Musk announced on Thursday that Tesla would no longer accept Bitcoin to purchase its vehicles. The decision has led to a heated debate over the amount of electricity required to mine bitcoins. Tesla’s move has resulted in at...

• May 14, 2021 04:06 AM EDT
• Team Kalkine Media

The Asia Pacific (APAC) markets opened mostly in green on Friday, following the Wall Street rally overnight. The Japanese shares were the biggest gainers in the region, with Nikkei225 up 2.3%, having wiped most of the losses it made in the Thursda...

• May 14, 2021 01:36 AM EDT
• Furquan Moharkan

Summary Chevron Corp. (NYSE: CVX) has outperformed the index and generated ~16.01 percent returns in the last 3 months. On the daily chart, CVX’s prices are moving in a horizontal channel pattern and taking support from the 100-period Sim...

• May 14, 2021 01:25 AM EDT
• Team Kalkine Media

One of world's largest cryptocurrency exchanges, Binance is facing investigation from the US Internal Revenue Service and the Justice Department, reports said. The probing officials have asked for detailed information from individuals with insight...

• May 14, 2021 12:43 AM EDT
• Furquan Moharkan

Coinbase Global Inc (NASDAQ:COIN), a US-based holding company for an cryptocurrency exchange platform by the same name, has reported 9.45 times jump in its revenue as it surged past the $US1 billion-mark in quarterly revenue. The company reported ...

• May 13, 2021 11:47 PM EDT
• Furquan Moharkan

The oil industry has been on a roller coaster ride since last year. Experiencing gloomy days, the prices of WTI crude oil dipped to negative levels in April 2020 due to supply glut and nearly no buyers. However, a robust vaccination program couple...

• May 13, 2021 08:09 PM EDT
• Team Kalkine Media

Driven by healthcare and consumer discretionary stocks, the TSX composite index rose 0.15% to settle at 19,135.81 on Thursday, May 13. Gains, however, were restricted by the setback in energy stocks due to ~2.0% drop in crude oil prices.  1 Y...

• May 13, 2021 05:06 PM EDT
• Team Kalkine Media

Summary The information technology sector outperformed most sectors in 2020 amid the pandemic. This year too, as work-from-home operations and demand for online services persist amid rising COVID cases, this sector is likely to witness a boom ...

• May 13, 2021 02:41 PM EDT
• Raza Naqvi

Stocks of Canadian Tire Corp Ltd (TSX:CTC.A) climbed as much as 10 per cent on Thursday, May 13, after the company reported a first-quarter profit for fiscal 2021 against a quarterly loss a year ago. Canadian Tire’s topline surged over 10 per ...

• May 13, 2021 02:14 PM EDT
• Team Kalkine Media

In a bid to address the concerns of Muslim investors, the TMX group in Canada came up with S&P/TSX 60 Shariah Index a few years back. Before we start discussing 'Shariah-compliant’ stocks, let us brief you about what's Shariah. Shariah is ...

• May 13, 2021 02:05 PM EDT
• Raza Naqvi

While Dogecoin investors, aka Dogearmy, stand divided on Elon Musk describing the token as a “hustle” during his performance in the Saturday Night Live show, a new meme-coin is creating a buzz in the crypto world. Shiba Inu has been tren...

• May 13, 2021 01:39 PM EDT
• Anuj

Over the past few years, the risk of cyberattacks has significantly grown. The world has witnessed numerous cases of data breaches, crypto-jacking, attempts on hacking government servers, etc. Most recently, US company Colonial Pipeline was forced to...

• May 13, 2021 12:28 PM EDT
• Raza Naqvi

Cocktails are an inseparable part of the spirit world, and it has been so since the term became popular in the 18th century. In fact, the fashion of mixing alcoholic drinks is celebrated on May 13 as World Cocktail Day every year. So, to lift your '...

• May 13, 2021 11:27 AM EDT
• Raza Naqvi

Stocks of rental vehicle company Hertz Global Inc (HTZGQ:US, OTCPK:HTZGQ)  spiked as much as 55 per cent on Wednesday, May 12. On Thursday morning (10.11AM EST), the stock was up nearly nine per cent. While Hertz has in the past rallied due to ...

• May 13, 2021 10:29 AM EDT
• Anuj