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Will the US Markets Continue Bullish Momentum?
February 28, 2021 09:36 PM EST| By Team Kalkine MediaSource: Mike Flippo ,Shutterstock Summary The S&P 500 has broken the major resistance zone on the weekly chart and now prices are getting major support from the Parabolic SAR indicator. On the weekly charts, the S&P 500 is trading...
Australia crowned as the most attractive region for mining investors
February 28, 2021 07:57 PM EST| By Team Kalkine MediaSource: FOTOGRIN,Shutterstock Summary Australia featured on the list of the most attractive regions in the world for mining investment. US state Nevada showed a tremendous improvement and bagged the top position in the 2020 Investment Att...
Higher bond yields: What it means for your portfolio?
February 28, 2021 07:17 PM EST| By AayushSource: Mike_shots ,Shutterstock Summary The US 10-year treasuries’ yield surpassed 1.6 per cent, highest in one year. Higher bond yield is theoretically bad for equity markets. However, high economic growth can offset the negative...
COVID-19: Auckland Slips Back Under Lockdown 3
February 28, 2021 01:29 AM EST| By Manikatrong> Rest of New Zealand is under under lockdown 2 New Zealand’s biggest city Auckland is under a lockdown level-3 for seven days starting from February 28. The Prime Minister, of New Zealand, Jacinda Adern said that t...
Easy-To-Use J&J COVID-19 Vaccine: How Effective Is It?
February 28, 2021 01:24 AM EST| By Manikai> It’s efficacy in preventing severity is 82% The big question about Covid-19 today is: Will the new variants outpace the vaccines? Will the scientist match up with new vaccines to match up to the new variants. In...
America’s $1.9 trillion COVID-19 Relief Package Passed in the House, What’s next?
February 28, 2021 01:15 AM EST| By Manikang the Bill passed as the previous employment aid programe expires America’s major rescue plan of $1.9 trillion for coronavirus pandemic which was passed in the House on Saturday is now headed to the Senate. The Senate is expected to sta...
Airbnb Raises Recovery Optimism Despite Weak Results
February 27, 2021 09:09 PM EST| By Suhita Poddarhe whole of 2020. However, the company has fared better than its rival companies. The coronavirus pandemic continues to weigh on the travel industry across the world amid the growing number of cases and further implementation of restrictions. U...
Two COVID-19 vaccines that are helping the world get over the pandemic
February 27, 2021 08:20 AM EST| By Team Kalkine MediaSource: siam.pukkato, Shutterstock Summary Pfizer-BioNTech and Oxford-AstraZeneca’s respective COVID-19 vaccines were found to have reduced hospitalization in the UK. The two vaccines also proved effective against the contagious UK varia...
US Stocks End Week Mixed on Rate Fears, Bond Yield Rise
February 26, 2021 04:32 PM EST| By Team Kalkine MediaSource: Cezary Piwowarski ,Shutterstock Summary S&P 500 shed 0.48%, Dow Jones plunged 1.50%, and NASDAQ was up 0.56%. Real estate, financials, industrials, energy, and consumer cyclicals saw muted gains. Berkshire Hathaway Inc. to pr...
Blue Origin, Virgin Galactic delay trip to space
February 26, 2021 07:01 AM EST| By Team Kalkine Mediaits spaceflight test from February 2021 to May 2021 due to corrective work going on. As per the reports, two major space ventures have postponed the schedules of their respective space trips. These include Jeff Bezos' Blue Origin, which delayed...
Tesla (NASDAQ:TSLA) Competing With Fast-Growing China Based EVs
February 25, 2021 10:14 PM EST| By Mark O'DonnellSource: Ascannio ,Shutterstock Summary Investors in China based EV manufacturers hope the companies would build upon their success in China and grab some of Tesla’s global market share. The leading Chinese EV brand Nio has proved in...
Wall Street Ends Lower; What Weighed On Stocks
February 25, 2021 04:58 PM EST| By Team Kalkine MediaSource: G-Stock Studio, Shutterstock Summary S&P 500 fell 2.45%, NASDAQ dropped 3.52%, and Dow Jones shed 1.75%. Industrials, technology, consumer cyclical, energy, and real estate drag down indexes. US economy grew at 4.1% in the fo...
Square (NYSE:SQ) Bitcoin Stake Reaches US$220 Million
February 24, 2021 11:49 PM EST| By Mark O'DonnellroStrategy’s CEO believes Bitcoin could be worth US$100 trillion one day. Square Inc (NYSE:SQ) has recently reported the purchase of US$170 million worth of Bitcoin. The announcement coincides with the release of the merchant payment compa...
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Is GameStop (NYSE:GME) Rallying Again?
February 24, 2021 08:39 PM EST| By Mark O'Donnelltop after testifying before the House Financial Services Committee. The share price of the gaming retailer GameStop Corp (NYSE:GME) was halted at US$91.71 with half an hour left in trading yesterday on the NYSE. The closing price presents ~104%...
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US Stocks Roar Back on Fed Reassurance, Recovery Hopes
February 24, 2021 04:39 PM EST| By Team Kalkine MediaBrands, and others to present earnings reports after markets close. After a brief lull, US stock markets came back strongly to end the session higher on Wednesday, driven by hopes of a faster economic recovery and Fed chief’s reassurances...
Federal Reserve says US unemployment scenario far worse than seen
February 24, 2021 07:56 AM EST| By Team Kalkine MediaSource: Shutterstock Summary Federal Reserve chair Jerome H. Powell said that the US economic revival is incomplete and uneven. Powell said unemployment rate of 6.3% does not give the full picture of the .....
How is the Needle Moving on Greenback Amid Powell’s Latest Comments
February 24, 2021 05:12 AM EST| By Team Kalkine MediaAfter a tumultuous start to 2021, the US Dollar continues to remain volatile with bleak expectations of recovery for the remaining year. Bank experts are of the view that this dismal growth of the greenback was expected to continue throughout 2021 .....
Major shakeup at GameStop; CFO Jim Bell set to quit
February 24, 2021 04:34 AM EST| By Team Kalkine MediaSource: Shutterstock GameStop’s Chief Financial Officer Corp Jim Bell will be leaving the organisation in March this year, the video game giant informed today. The Company, in its official statement, sought to clear the air around the resigna...
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Are Investors Exiting Tech Stocks For Other Growth Sectors?
February 23, 2021 06:46 PM EST| By Team Kalkine Medias. NASDAQ is down around 6% from its peak on February 12. Blue-chip tech stocks have seen a sixth-straight decline in recent days, but could this be a temporary market deviation or a deliberate shift of investors to other high-growth sectors?...
US Markets End Flat Despite Fed’s Supportive Rate Pledge
February 23, 2021 04:41 PM EST| By Team Kalkine Mediaarkets to maintain low rates, rules out inflation pressure for now. US stock markets ended flat for a second consecutive day on Tuesday despite the Federal Reserve’s reassertion to keep the interest rates unchanged and positive retail earn...
