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How Clean Energy Economy Can Influence Demand of Critical Minerals
Energy Stocks

How Clean Energy Economy Can Influence Demand of Critical Minerals

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...

Are Bitcoin Chartists Picking Bearish Signals?
Cryptocurrency

Are Bitcoin Chartists Picking Bearish Signals?

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...

Can Dogecoin Be A Bitcoin Alternative For Elon Musk’s Tesla?
Cryptocurrency

Can Dogecoin Be A Bitcoin Alternative For Elon Musk’s Tesla?

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
Is the Crypto Grass Greener? The Search for ‘Greener’ Cryptos
Cryptocurrency

Is the Crypto Grass Greener? The Search for ‘Greener’ Cryptos

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...

APAC markets open mostly in green on Wall Street cues
World News

APAC markets open mostly in green on Wall Street cues

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...

Will Chevron Corp. (NYSE: CVX) Prices Cross the Hurdle on Charts?
World News

Will Chevron Corp. (NYSE: CVX) Prices Cross the Hurdle on Charts?

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...

US tax sleuths, justice dept set to probe Binance: Reports
World News

US tax sleuths, justice dept set to probe Binance: Reports

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...

Coinbase rides the crypto boom to hit over US$1 billion in revenue
World News

Coinbase rides the crypto boom to hit over US$1 billion in revenue

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 ...

Why has IEA slashed 2021 oil demand forecast?
Commodities

Why has IEA slashed 2021 oil demand forecast?

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...

TSX Gains On Healthcare Stocks, Canadian Tire & WSP Biggest Movers
Market Updates

TSX Gains On Healthcare Stocks, Canadian Tire & WSP Biggest Movers

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...

Looking For Jr Tech Stocks To Buy? Try Blackline (BLN) & Sangoma (STC)
Technology Stocks

Looking For Jr Tech Stocks To Buy? Try Blackline (BLN) & Sangoma (STC)

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 ...

Canadian Tire’s (TSX:CTC.A) Q1 Profit & Sales Up. Should You Buy?
Consumer Stocks

Canadian Tire’s (TSX:CTC.A) Q1 Profit & Sales Up. Should You Buy?

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 ...

5 Shariah Compliant Stocks To Buy On Eid Al Fitr 2021
Stock Market

5 Shariah Compliant Stocks To Buy On Eid Al Fitr 2021

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 ...

Doge Vs Shiba: A Meme War Is Underway In Crypto Space
Cryptocurrency

Doge Vs Shiba: A Meme War Is Underway In Crypto Space

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
2 Cybersecurity Stocks To Buy Amid Colonial Pipeline Hack Crisis
Technology Stocks

2 Cybersecurity Stocks To Buy Amid Colonial Pipeline Hack Crisis

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...

World Cocktail Day: 2 Liquor Stocks To Beat COVID-19 Blues
Consumer Stocks

World Cocktail Day: 2 Liquor Stocks To Beat COVID-19 Blues

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 '...

Hertz (HTZGQ) Stocks Are Up 55% & It’s Not Due To A Meme-Based Rally
Industrial Stocks

Hertz (HTZGQ) Stocks Are Up 55% & It’s Not Due To A Meme-Based Rally

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
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