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Warren Buffett Names Greg Abel As His Successor at Berkshire Hathaway
May 04, 2021 09:55 AM AEST| By Team Kalkine MediaSummary The 90-year-old business mogul said in a TV interview that if he were to step down, Mr. Greg Abel would take over reins. Buffett, who has been the CEO of the company since 1965, had first discussed the succession plan in a letter to sha.....
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TSX Composite Soars 0.55% to 19,213, Led by Strength in Energy & Metals
May 04, 2021 07:30 AM AEST| By Team Kalkine MediaCanada’s main stock index jumped up on Monday, May 3, driven by the strength in commodities. Additionally, the weakened US dollar benefitted the material and energy sectors, which helped the index gain positive momentum. The S&P/TSX Compos...
Ethereum Crosses $3K-Mark To Hit All-Time High. What Next?
May 03, 2021 07:06 PM AEST| By Team Kalkine MediaEthereum (Ether), the second largest crypto by market cap, surpassed the US$ 3,000-mark for the first time ever on Sunday, May 2. The blockchain giant hit multiple record highs last week as the European Investment Bank (EIB) issued its digital bonds...
Pressure to waive off vaccine IP rights increases as COVID-19 cases continue to rise
May 03, 2021 04:29 PM AEST| By Team Kalkine MediaSummary With the surmounting COVID-19 cases, the developing countries are demanding patent exemptions on items, including vaccines, diagnostic kits, and ventilators, to fight the COVID-19 pandemic. The patent waiver will help emerging nations m.....
Why Berkshire’s Charlie Munger ‘hates’ Bitcoin’s meteoric rise
May 03, 2021 04:16 PM AEST| By Team Kalkine MediaSummary Expressing his dislike for Bitcoin, Berkshire Hathaway’s Vice Chairman Charlie Munger on Saturday said: “Of course I hate the bitcoin success.” The 97-year-old Munger was speaking at a Q&A session at the Berkshire&.....
Hot EV Stocks: How have they fared in the past year?
May 03, 2021 03:04 PM AEST| By Team Kalkine MediaSummary Electric Vehicle (EV) is the booming sector and offers a huge opportunity for the investors. The shift towards sustainable development is pushing the EV sector. The companies across the globe EV and allied sectors have grown tremendous.....
A New Copyright Lawsuit May Unveil Bitcoin’s True Founder
May 03, 2021 02:19 PM AEST| By Team Kalkine MediaSummary Australian Craig Wright is filing a copyright claim against the website Bitcoin.org, claiming he is the true founder of the cryptocurrency Bitcoin. Wright’s claims are disputed by many, with Bitcoin.org declaring that his allegati.....
Warren Buffett roots for retained earnings, rues Apple share sale
May 03, 2021 12:58 PM AEST| By Furquan MoharkanAce investor and billionaire Warren Buffett has batted for the importance of retained earnings at a time when more and more investors are pitching for increased capital allocation towards the shareholders. The investment maestro highlighted the ab.....
Good News For Crypto Lovers: Coinbase Allows Crypto Purchase Via PayPal
May 03, 2021 11:38 AM AEST| By Team Kalkine MediaSummary Coinbase allows its customers to buy cryptocurrencies using bank accounts linked to PayPal. Coinbase’s users can purchase up to US$25,000 a day with PayPal account. The facility is currently available for US customers only. .....
Crucial events that can sway global markets this week
May 03, 2021 11:06 AM AEST| By Furquan MoharkanThe rally in the global equity markets has flattened in last few months. Mixed macro numbers numbers and India’s burgeoning COVID-19 numbers are holding the rally. Last week as well, the global equity markets were flat, primarily because of t.....
Is China a major threat to US national security?
May 02, 2021 07:44 PM AEST| By Team Kalkine MediaSummary China is seen as a strategic competitor by the US. US-China relations revolve around competition for global power and technology usage. Strained relations between the 2 countries could lead to cold war. Russia, Iran, extremist gro.....
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Global COVID-19 cases cross 152 million, India amongst top contributor
May 02, 2021 03:39 PM AEST| By SonalSince the COVID-19 virus wreaked havoc on people's lives all over the world, nations have been struggling to fight infections that keep resurfacing due to mutations. Over 150 million COVID-19 cases have been recorded to date with the death toll cro.....
Global dealmaking is booming; and Wall Street is cashing on it
May 02, 2021 12:23 AM AEST| By Furquan MoharkanThe global banks are seeing a massive surge in the revenues generated from their investment banking division as the global dealmaking is booming. European and Asian Banks, like Deutsche Bank and Nomura Holdings, have reported a surge in excess of .....
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TSX Composite Settles Lower For The Second Day In A Row, Down 0.77% To 19,108.33
May 01, 2021 07:30 AM AEST| By Team Kalkine MediaDragged down by the weakness in high-weighted base metals, energy and financial stocks, the S&P/TSX Composite settled lower on Friday, April 30. The benchmark Canadian index declined for the second day in a row on Friday, trading 0.77% or 148 poi...
How Will Amazon’s Alberta-Based Solar Plant Affect Canada?
May 01, 2021 05:33 AM AEST| By Team Kalkine MediaSummary Amazon Inc announced on April 19 that it plans to invest in an 80 megawatt solar power project that is based in Alberta province’s Newell County. According to the company, the project is expected to produce nearly 195,000 megawatt.....
Endeavour Silver (TSX:EDR) Trending Due To Confusion With Endeavor?
May 01, 2021 02:40 AM AEST| By AnujEndeavor Group Holdings Inc (NYSE:EDR) debuted on the New York Exchange with the ticker name ‘EDR’ on Thursday, April 29. Now, investors looking up this stock seem to be mixing it up with the Toronto Stock Exchange-listed Endeavour Silver...
Big Tech gets bigger in March quarter
May 01, 2021 12:10 AM AEST| By Furquan MoharkanIn the week gone by, five biggest tech companies – Apple Inc (NASDAQ:AAPL), Microsoft Corporation (NASDAQ:MSFT), Alphabet Inc (NASDAQ:GOOG), Amazon Inc (NASDAQ:AMZN) and Facebook Inc (NASDAQ:FB) – announced their quarterly results for t.....
Didi, ByteDance among top Chinese firms set for US IPO in 2021
May 01, 2021 12:05 AM AEST| By Team Kalkine MediaSummary As many as 60 Chinese companies are lined up to launch IPO in the US. China's biggest unicorns ByteDance and Didi Chuxing may hit the US capital market this year. 32 China-based firms raised US$15 billion through IPOs in the US in 2020.....
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Can Ethereum Surpass Bitcoin In Terms Of Market Cap?
April 30, 2021 11:55 PM AEST| By AnujEthereum made headlines this week in April as the European Investment Bank (EIB) launched its "digital bond" sale worth US$128 million using the blockchain network’s platform. Meanwhile, Ethereum-based FinTech firm Notional raised US$ 10 millio...
Ether Hits All-Time High Taking the Spotlight Away from Bitcoin
April 30, 2021 08:26 PM AEST| By Team Kalkine MediaSummary Ether rose to AU$3,500 on Thursday, achieving an all-time high for the cryptocurrency. The crypto’s rise has weakened Bitcoin’s market dominance as its market share dropped below 50% for the first time since 2018. Ether.....
