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Tencent CEO Pony Ma has US$14 billion wiped off his fortune; here’s why
August 05, 2021 12:48 PM AEST| By Furquan MoharkanMa Huateng, also known as Pony Ma, is the founder and Chief Executive of Asia tech major Tencent Holdings Ltd. Mr Huateng is among the top six richest Asians – just one rank below Jack Ma of Alibaba Holding Ltd. But he seem to be running out o...
Robinhood shares rally 100% this week
August 05, 2021 11:09 AM AEST| By Furquan MoharkanShares of California-based American financial services company Robinhood Markets Inc (NASDAQ:HOOD) have rallied 100% in the current week, as the stock surged by a whopping 50.41% overnight in Wall Street. During the day, the trading of the company&r...
US stocks slip on weak jobs data
August 05, 2021 08:04 AM AEST| By Sanjeeb BaruahThe blue-chip S&P 500 and Dow Jones Industrial Average declined from the previous close, and the tech-heavy NASDAQ Composite closed flat on Wednesday, August 4, after weak jobs data failed to enthuse the investors in a lacklustre session marked b...
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TSX loses ground on wavering crude prices
August 05, 2021 07:30 AM AEST| By Team Kalkine MediaThe lingering volatility in the crude prices impacted energy stocks, which in turn dragged the Toronto Stock Exchange in red territory on Wednesday. The broader composite index dropped by 36.12 points or 0.18% to close at 20,329.73. Energy sector fe...
EverGen (TSXV:EVGN) IPO: How to buy this ESG stock?
August 05, 2021 03:08 AM AEST| By AnujSummary EverGen has concludes its initial public offering with gross proceeds worth C$ 20 million. The stock opened at 6.18 per common share on Wednesday, August 4, compared with its initial pricing of C$ 6.50 apiece. The C$ 61 million renewab.....
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10 hot Canadian stocks to buy in August
August 05, 2021 01:31 AM AEST| By Raza NaqviSome Canadian stocks have been a hot favorite with investors and have hight trading volumes. Many of these companies have navigated the pandemic remarkably well and recently paid dividends or are expected to roll out fresh dividends soon. Some have g...
IPO Watch: Weber (NYSE:WEBR) & Cadre (NYSE:CDRE) to debut tomorrow
August 05, 2021 12:48 AM AEST| By AnujSummary Weber stock to go public tomorrow on the NYSE under the “WEBR” ticker. Investors could buy the grill product manufacturer’s stock in the range of US$ 15 apiece to US$ 17 apiece. Weber registered double-digit grow.....
Will current changes at crypto exchanges influence bitcoin prices?
August 04, 2021 10:12 PM AEST| By Kamalika GhoshWith the growing crackdown on crypto market across the globe, the UK’s Financial Conduct Authority (FCA) recently in June announced a crackdown on Binance, which is the world’s largest crypto exchange by trading volumes. The UK regulato.....
SEC chair Gary Gensler pushes for stronger crypto regulations
August 04, 2021 09:04 PM AEST| By AnujCrypto market needs stringent regulations to safeguard mainstream investors, US Securities and Exchange Commission (SEC) head Gary Gensler said on Tuesday, August 03. The statement came on the back of US Senator Elizabeth Warren’s continuous .....
Are these Bitcoin wallets cream of the crop in New Zealand?
August 04, 2021 05:32 PM AEST| By SonalSummary A Bitcoin wallet is an electronic wallet that can be accessed through a private key. There are many forms of Bitcoin wallets that can cater to different needs of security, accessibility etc. Mobile, web, desktop, hardware and paper are.....
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Online Scams: UK consumers clueless on how to avert frauds
August 04, 2021 05:31 PM AEST| By Kamalika GhoshA recent report by Which? has stated that the UK’s biggest banks are failing to provide proper support to fraud victims, leaving them feeling vulnerable and abandoned at a time of crisis and exposed to future scams. In last one year, as per a.....
“The Wild West” - US SEC calls for crypto regulation
August 04, 2021 03:30 PM AEST| By Daniel Paul JohnsSummary The Chair of the SEC, Gary Gensler, told a global conference that the crypto industry is filled with fraud, claiming there are currently many coins which aren’t even registered. Gensler has called upon extra Congressional authorit.....
APAC markets mixed: ASX200 tries to shed policy blues, China tech tumbles
August 04, 2021 02:30 PM AEST| By Furquan MoharkanSentiments in the equity markets across the Asia Pacific region were mixed on Monday as investors got mixed cues from different countries. Morgan Stanley Capital International’s broadest index of Asia-Pacific shares outside Japan traded 1.46%...
Deadlier than Spanish Flu? Global COVID-19 caseload tops 200 million mark
August 04, 2021 12:53 PM AEST| By Furquan MoharkanThe ongoing COVID-19 pandemic has breached yet another unwanted milestone in its one-and-a-half-year life: more than 200 million people have contracted the virus. Yes, on Tuesday, as the world reported 601,293 fresh daily cases and almost 10,000 dai...
What do we mean by medical billing and coding?
August 04, 2021 12:03 PM AEST| By Tripti JoshiSummary Medical billing and coding help healthcare facilities manage insurance claims, invoices, and payments. In medical coding, the billable information is extracted from clinical documentation, and medical billing uses those codes to generat.....
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US markets edge higher on earnings optimism
August 04, 2021 07:46 AM AEST| By Sanjeeb BaruahBenchmark US indices closed higher on Tuesday, August 3, boosted by gains in healthcare and technology stocks and optimism about strong quarterly earnings of blue-chip companies. The S&P 500 was up 0.82% to 4,423.15. The Dow Jones gained 0.80% t...
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TSX closes in green; Canfor & Crescent Point Energy top gainers
August 04, 2021 07:30 AM AEST| By Team Kalkine MediaThe Canadian market closed on a positive note post the long weekend, with the broader TSX composite Index gaining 78.05 points or 0.38% to close at 20,365.85 on Tuesday. The rise was supported by solid quarterly earnings posted by many Canadian compa...
RBA to cut bond buying program by 20% after a month
August 03, 2021 05:02 PM AEST| By Furquan MoharkanThe Reserve Bank of Australia (RBA) will trim its bond purchase program by 20% after a month despite the need for more liquidity in a system which has been hit hard by the COVID-19 pandemic. The Australian central bank said that it will purchase gov...
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Why Nigerian Government Is So Concerned About Bitcoin
August 03, 2021 04:57 PM AEST| By Kamalika GhoshSummary According to Paxful platform, Nigeria is now the second country with the most Bitcoin trading transactions after the US. As per a Statista survey, 32% of respondents in Nigeria actively use and trade in cryptocurrencies. Experts .....
Which 10 global conglomerates are accepting Bitcoin as payment option?
August 03, 2021 04:10 PM AEST| By Jasmine AnandWith the ever-increasing popularity of cryptocurrencies, Bitcoin, the first and the largest cryptocurrency of the world, is getting bigger and better. Hence, a growing number of companies ranging from tech firms to travel agencies to food giants ha.....
