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Commodities Lift TSX For 3rd Straight Day, Endeavour Stock Top Gainer
May 18, 2021 07:30 AM AEST| By Team Kalkine MediaBoosted by the commodities sector, the S&P/TSX Composite Index rose for the third consecutive day on Monday, May 17. The benchmark Canadian index gained 0.56% to settle at 19,474.65. The materials sector surged by 1.8% on the back of rising gold...
5 Top TSX Stocks To Buy Before May Ends
May 18, 2021 04:02 AM AEST| By AnujInvestors have been revamping their portfolios following the release of the first-quarter earnings of Toronto Stock Exchange (TSX)-listed firms. Most of these companies are reporting pre-COVID level recoveries, while few of them are still struggling...
3 Commodity Stocks To Buy In May Amid Rising Prices
May 18, 2021 03:41 AM AEST| By Raza NaqviRebounding from the pandemic-led economic crisis of 2020, it seems like 2021 is set to be the year of commodities. Not only are the prices of oil and copper rising, but less-popular commodities like barley, tin and cobalt are also reflecting a rally....
Greyhound Canada Exit Brings Opportunity For Local Bus Operators
May 18, 2021 02:18 AM AEST| By Team Kalkine MediaWhen motorcoach operator Greyhound ceased operations in Western Canada in 2018, communities in small towns including Massey in Ontario and Osoyoos in British Columbia were forced to find alternate ways of transportation. Now, in 2021, amid the pandem...
Crypto Market Down: Is Elon Musk ‘Pumping & Dumping’?
May 18, 2021 02:05 AM AEST| By AnujTesla’s (US:TSLA, NASDAQ:TSLA) decision to stop accepting bitcoins as payment has worsened an already bear crypto market. Its impact was captured over the weekend as the overall crypto market tumbled more than 10 per cent, led by the heavy sell...
Starlink IPO Date & Price: When Is Elon Musk’s Project Going Public?
May 17, 2021 10:15 PM AEST| By Shreya BiswasThere is a lot happening at Tesla Inc (NASDAQ:TSLA, TSLA:US). It went from smashing records to enter S&P 500 last year, to pushing founder Elon Musk to the top of the world's wealthiest peoples’ list in January 2021, to turning heads with i...
4 Stocks To Buy As 2021 NBA Playoffs Inch Closer
May 17, 2021 10:11 PM AEST| By Raza NaqviThe 2021 NBA playoffs are almost here as the regular season is all set to come to an end. This year's NBA play-in tournament will begin on Tuesday, May 18, and four days later, the first round of NBA playoffs will begin. There's an increased hype ab...
Will environmental concerns pave the way for Bitcoin to get greener?
May 17, 2021 09:31 PM AEST| By AayushSummary Environmentalists have been criticising bitcoin's energy consumption and its reliance on fossil fuels for a long time. Tesla could take an active role in helping make Bitcoin mining greener by investing in new technologies. Despite a f.....
China’s retail sales numbers paint a dismal picture
May 17, 2021 04:34 PM AEST| By Furquan MoharkanThe world’s second largest economy, China, seems to be grappling with a sluggish economic recovery as consumer spending grew far lesser than expected. According to the data released by the National Bureau of Statistics, the retail sales in t.....
APAC markets open mixed as investors await Chinese datasets
May 17, 2021 12:54 PM AEST| By Furquan MoharkanSummary Monday morning was a mixed bag for APAC markets. Taiwan weighted index is down 1.63% -- the worst performer. Dow Jones New Zealand is up 1% -- the best performer. The Asia Pacific share markets opened on a mixed note on Monday, as.....
Is COVID-19 wave on the ebb? Signs of relief as cases decline
May 17, 2021 11:51 AM AEST| By Furquan MoharkanThe COVID-19 pandemic is seen easing out across the globe, as fresh infections in India have been dwindling for four days on the trot now. On Sunday, the world reported 529,851 fresh cases of the highly contagious virus – its lowest level in.....
Has Tesla dumped Bitcoin holdings? Elon Musk drops a hint
May 17, 2021 10:39 AM AEST| By Furquan MoharkanBillionaire Elon Musk on Sunday night hinted that Tesla Inc (NASDAQ:TSLA) might have dumped its holdings in the world’s largest cryptocurrency – Bitcoin. This triggered a 12% crash in Bitcoin prices from the 24-hour high. Musk’s .....
Israel-Palestine Conflict: Biden Calls For De-Escalation
May 16, 2021 05:41 PM AEST| By Kiran MuraliAmid the rising conflict between Israel and Palestine, the US President, Joe Biden, spoke to Israeli Prime Minister Benjamin Netanyahu and Palestinian President Mahmoud Abbas on May 15. President Biden supported Israel’s right to defend itself...
Dogecoin explained: All you need to know about the meme currency
May 16, 2021 12:16 AM AEST| By AayushSummary Dogecoin is a meme currency, initially created as a joke. It is significantly faster than its peers where it takes just a minute for completing one Dogecoin transaction. Dogecoin uses a proof-of-work algorithm which is similar to that .....
TSX Up For 2nd Straight Day, SNC-Lavalin & Village Farms Top Gainers
May 15, 2021 07:30 AM AEST| By Team Kalkine MediaThe S&P/TSX index gained 1.21% to settle at 19,366.69 on Friday, May 14, in the wake of US inflation numbers that raised concerns about rising interest rates. The rally was driven by the surges in energy stocks (up 3.32%), financial stocks (up 1...
Can inflation woes spark a firestorm in global markets?
May 15, 2021 03:47 AM AEST| By Furquan MoharkanThe global equity markets are witnessing a sizeable correction. The reason? The credit may become costlier for the companies. In the past seven days, two data sets on inflation came to light, and both presented a grim picture. The United States, the...
Cyberattack hits Colonial Pipeline, chokes US East Coast fuel supply
May 15, 2021 03:35 AM AEST| By Nitish KumarLast week, the world witnessed a major cyberattack on a US fuel pipeline that stymied the supply of gasoline and diesel on the east coast of the mighty United States. Colonial Pipeline, the largest pipeline system for refined oil products in the U.....
After 6.7% Job Decline In 2020, Where Does US Solar Industry Stand?
May 15, 2021 03:05 AM AEST| By Team Kalkine MediaYear 2020 saw significant workforce reductions in nearly all sectors due to COVID-triggered shutdowns, and the solar industry wasn’t an exception. Despite record installations of solar capacity last year, the United States recorded 6.7 per cen...
Instacart May Go Public Soon, But Will It Pick IPO Or DPO?
May 15, 2021 02:12 AM AEST| By Team Kalkine MediaGrocery delivery enterprise Instacart is likely to be heading for a public listing soon, taking advantage of the rising demand of digital delivery amid the COVID-19 pandemic. The California-based company operates in the US and Canada, reaching about...
What Are Some Less Energy-Intensive Alternatives to Bitcoin Crypto Mining?
May 14, 2021 11:02 PM AEST| By Suhita PoddarSummary Tesla founder Elon Musk’s announced Tesla would stop accepting Bitcoin as a form of payment, over concerns about Bitcoin’s high energy demand and fossil fuel use Bitcoin’s energy demand comes more from mining over tran.....
