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Has the Rally Begun in Procter & Gamble Co. Post Consolidation?
May 07, 2021 07:00 PM AEST| By Team Kalkine MediaSummary Procter & Gamble Co. (NYSE: PG) outperformed its peers and generated ~4.62 percent return in the last 3 months. PG stock prices are trading in a falling wedge formation on the daily chart and now taking the major support from the 50.....
Goldman Sachs offers a new Bitcoin derivative
May 07, 2021 06:55 PM AEST| By AayushSummary The institutional demand for exposure to Bitcoin has continued to grow significantly in the derivative space. Goldman Sachs has started to offer a new derivative product to its clients, which closely tracks the price of Bitcoin. The de.....
Experts warn of more COVID-19 variants as India reels under the deadly second wave
May 07, 2021 06:51 PM AEST| By Team Kalkine MediaSummary Viruses continually mutate, and sometimes new variants emerge that can persist for a longer time. Experts warn that more COVID-19 variants are anticipated to arise in the upcoming months. Meanwhile, Moderna’s new booster shot has.....
Fed warning fails to stymie APAC markets’ rally
May 07, 2021 05:18 PM AEST| By Furquan MoharkanThe equity markets in the Asia Pacific (APAC) rallied on Friday, despite the warning about ‘significant declines’ in the asset prices. All the indices in the region, except for Indonesia and New Zealand, were trading in green. The Taiw.....
Palladium rockets to an all-time-high; here's what propelled its rally
May 07, 2021 04:07 PM AEST| By Team Kalkine MediaSummary Palladium prices surged to all-time-high levels on strong demand and supply deficits. The ongoing disruptions in Russian and South African mines have created a supply deficit in the market. Joe Biden’s infrastructure plan and sti.....
Too high for NASDAQ: Berkshire shares outpace computers
May 07, 2021 01:22 PM AEST| By Furquan MoharkanSummary The Class A shares of Berkshire are trading at US$435,120 This is higher than what NASDAQ computers can record The company has never had a stock split. The Class A shares of Warren Buffett’s Berkshire Hathaway (NYSE:BRK.A) h.....
Coronavirus Reaches Mt Everest, Nepal Worried About its Tourism Industry
May 07, 2021 12:41 PM AEST| By RomaSummary COVID-19 spreading chaos in the Everest Nepal amongst other nations trying their best to control the second wave While travel is the worst hit, concerns over this years’ expeditions. Covid-19 has swept through the world like.....
US Fed sounds warning over rising asset prices
May 07, 2021 12:14 PM AEST| By Furquan MoharkanSummary Fed warns of potential ‘significant decline’ in the asset prices. Fed governor calls for stronger safeguard. The US apex bank also warns about potential deterioration in the asset quality. The US Federal Reserve (Fed) .....
Why EV revolution may not be as green as we think
May 07, 2021 11:48 AM AEST| By Team Kalkine MediaSummary Electric vehicles (EVs) have witnessed a ground-breaking journey in the past one year. The need for green energy coupled with technological advancements have steered the EV revolution. The battery metal production process poses serious.....
PayPal, Square Ride High On Strong Digital Payments
May 07, 2021 11:15 AM AEST| By Team Kalkine MediaDigital payments behemoth PayPal Holdings, Inc. (NASDAQ: PYPL) and Square, Inc. (NYSE: SQ) reported stellar first-quarter results amid the government’s stimulus payments and bitcoin transactions. While PayPal posted significant growth in its.....
S&P/TSX Opens Lower As Oil Prices Dip, Down 0.10% to 19,290
May 07, 2021 07:30 AM AEST| By Team Kalkine MediaThe TSX composite index registered a decline on Thursday, May 6, due to weakened energy stocks pulled back by falling oil prices. The sudden surge in COVID-19 infections has raised some concerns regarding oil demand. The reported gains in gold future...
Ether Hits New High Today. Can It Cross $5,000 Soon?
May 07, 2021 02:37 AM AEST| By AnujEther coin achieved a new high of US$ 3,545.2 apiece for the first time on Thursday, May 6. The second largest blockchain network has been recording record highs since the last week of April 2021. The Ethereum network registered fund inflows of US$ 3...
Will Honeywell International Inc.’s Prices Scale New Highs?
May 07, 2021 12:35 AM AEST| By Team Kalkine MediaSummary HON’s prices are trading above resistance turned support level on the daily chart and getting support from the 50-period Simple Moving Average (SMA). HON outperformed its peer and generated ~42 percent return in the last 9 months.....
Auction House to Accept Bitcoin and Ether as Payment for Banksy Auction
May 06, 2021 08:21 PM AEST| By Team Kalkine MediaSummary An auction house has announced it will accept cryptocurrency at an upcoming auction for an art piece by legendary artist Banksy. This will mark the first time Sotheby’s will accept cryptocurrency as a payment mode for a painting. .....
Rritual Superfoods’ (RSF:CSE) Chief Innovation Officer Rolls Out R&D Division
May 06, 2021 07:30 PM AEST| By Team Kalkine MediaRritual Superfoods Inc (RSF:CSE) announced that its Chief Innovation Officer Stacey Gillespie had introduced a Research and Development (R&D) division, which will help in establishing best practices for the development of a significant product .....
Honest IPO Raises $412.8Mn, Co-founder Jessica Alba’s Net Worth Blooms
May 06, 2021 07:20 PM AEST| By Shreya BiswasBaby and beauty products maker The Honest Company saw its initial public offering (IPO) raise about US$ 412.8 million on Tuesday, May 4, after selling about 25.8 million shares at US$ 16 apiece, which was in the upper end of its expected range. Foll...
Bitcoin Emerging from the Underground: New Innovations to Allow Banks to Deal with Bitcoin Directly
May 06, 2021 07:10 PM AEST| By Team Kalkine MediaSummary Banks can now offer customers the ability to purchase, sell and hold Bitcoin after fintech leader FIS partnered with cryptocurrency technology firm NYDIG. The new collaboration would allow banks to provide Bitcoin services within their .....
Biden Backs Waiver of Patent for COVID-19 Vaccines, Pharma Companies Don’t Like It That Much?
May 06, 2021 05:24 PM AEST| By ManikaIn a big development, Joe Biden, the US President, has supported the waiver of intellectual property rights for COVID-19 vaccines. This would enable the poor countries to manaufacture those vaccines in their territories. While some called it bowing...
Back with a bang after a two-day gap, Japan shares lead APAC rally
May 06, 2021 02:54 PM AEST| By Furquan MoharkanOpening after a two-day holiday, the Japanese shares on Thursday surged even as investors kept their eyes peeled for US jobs report due this week to gauge how long the Federal Reserve (Fed) will stay on hold. Japan’s Nikkei 225 was up by 185.....
Unemployment In Urban India Nearing Double-Digit Mark As COVID-19 Crisis Deepens
May 06, 2021 01:39 PM AEST| By Furquan MoharkanIndia has been reeling under the horror of the deadly second wave of the pandemic since last few weeks now. However, this Wednesday saw the country grappling with a new low, weighed down by a gloomy set of statistics on two additional fronts. On 5 .....
