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Why are cryptocurrencies tumbling after stellar run last week?
April 19, 2021 11:20 AM AEST| By Furquan MoharkanSource:Ken stocker, Shutterstock Bitcoin, the world’s largest cryptocurrency, has been falling through the weekend, after witnessing a record run last week. Representative Image. © Chakisatelier | Megapixl.com On Sunday, in the intrad...
COVID-19 Survivors May Need Only One Dose Of Vaccine, Says Study
April 18, 2021 06:13 PM AEST| By Shreya BiswasSource: Sorapop Udomsri, Shutterstock Summary A latest study has found that a single dose of the Pfizer-BioNTech or Moderna vaccine may be enough to provide immunity to COVID-19 survivors. The study was conducted by researchers at Los Angeles&...
Why Canada’s 2021 Federal Budget Is So Important
April 18, 2021 05:53 PM AEST| By Shreya BiswasSource: wutzkohphoto, Shutterstock Canada is set to table its 2021 federal budget on Monday, April 19, in the midst of a third wave of COVID-19. While a pandemic-focused stimulus package is widely expected from this budget, green initiatives and job...
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Bitcoin, an Irrational Exuberance?
April 17, 2021 09:11 PM AEST| By Team Kalkine MediaSource: Mc_Cloud, Shutterstock Bitcoin mania is everywhere. Read the last sentence again. The word ‘mania’ holds a lot of significance. By contrast, bitcoin itself is yet to find undisputed acceptance in global trade and commerce. A bri...
TSX Hits Another New High As Gold Prices Rally
April 17, 2021 07:12 AM AEST| By Team Kalkine MediaCopyright © 2021 Kalkine Media Pty Ltd. Canada’s main stock index, the S&P/TSX Composite Index, hit another high on Friday, aided by advanced gold prices. The index gained for a third straight week, up by 0.15% to 19,351.32. The TSX V...
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Indian IT ADRs more than double in 1 year
April 17, 2021 05:16 AM AEST| By Furquan MoharkanSource: Jirapong Manustrong, Shutterstock The American Depository Receipts (ADRs) – Infosys Ltd (NYSE:INFY) and Wipro Ltd (NYSE: WIT) of two Indian companies have more than doubled in the past one year. And both have a similar story: both comp...
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Will Canadian Markets Witness A Rerun Of 2020?
April 17, 2021 04:06 AM AEST| By Team Kalkine MediaSource: whiteMocca, Shutterstock The year 2021 is playing out virtually the same way as 2020. Pandemic-induced lockdowns have reappeared and return to normal economic activity is no way on cards. Are there any lessons to be learnt from stats of TSX...
Facebook In Trouble Again, Faces Major Legal Action Over 2019 Data Leak
April 17, 2021 12:55 AM AEST| By Shreya BiswasSource: Camilo Concha, Shutterstock Summary Digital Rights Ireland(DRI), a digital rights advocacy agency, has announced that it will be initiating a “mass action” to sue Facebook over the massive user data breach of 2019. User inf...
Morgan Stanley net profits surge 150% in Q1
April 17, 2021 12:43 AM AEST| By Team Kalkine MediaUS$ 3.4 billion versus US$ 950 million last year. Quarter results also highlight a loss of US$ 911 million tied to Archegos. The American Banking major Morgan Stanley (NYSE:MS) has reported a blockbuster quarterly performance, with its net pro....
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Esports Technologies (EBET) Debuts With A Bang, Jumps Over 500%!
April 16, 2021 11:30 PM AEST| By Shreya BiswasSource: Jo Panuwat D, Shutterstock Summary Online sports betting platform Esports Technologies (NASDAQ:EBET) launched its initial public offering (IPO) on Thursday, April 15. Its stocks took off to record a whopping 500 per cent gain on its ve...
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Google misled Australians over data collection: ACCC
April 16, 2021 09:17 PM AEST| By Team Kalkine MediaSource: New Africa, Shutterstock In a world-first, a federal body has stated that US-based tech giant Google tricked its users in Australia. The Australian Competition & Consumer Commission (ACCC), on Friday, shared that the Federal Court has di...
2 Canadian IPOs To Look Forward To
April 16, 2021 08:42 PM AEST| By Shreya BiswasSource: Zita, Shutterstock While a third wave of the COVID-19 infection is causing some worries, businesses are trying to brace themselves the best they can. Amid all this, some privately held companies are pursing the goal of getting publicly liste...
Is GlaxoSmithKline PLC getting ready to take off?
April 16, 2021 07:05 PM AEST| By Team Kalkine MediaSource: Poring Studio, Shutterstock Summary GlaxoSmithKline PLC (LON: GSK) gained 4.56% percent in the last trading session. The stock soared almost ~16.64 percent in the last eight weeks, the price has broken out of its falling channel patter...
Lower Ending Stocks & Tight Supplies Push Corn Prices Higher
April 16, 2021 05:08 PM AEST| By Team Kalkine MediaSource: Africa Studio, Shutterstock Summary Corn prices are continuously trading in the northward direction for the past 9 months. Prices broke the downward sloping trendline in January 2021 and since then the upside momentum strong. Global C...
COVID-19 Weekly Roundup: Latest developments around the world
April 16, 2021 05:00 PM AEST| By Team Kalkine MediaSource: Moonhonor, Shutterstock Summary The EU Commission has opted not to renew contracts for the COVID-19 vaccine from Oxford-AstraZeneca and Johnson & Johnson. Researchers at the University of Oxford introduced a Com-Cov study to evalua...
Citibank kicks off Australian retail bank sale, confirms CEO
April 16, 2021 02:59 PM AEST| By Furquan MoharkanA signboard of Citibank seen outside a building in Manhattan, New York. © Noodles73 | Megapixl.com US banking behemoth Citigroup Inc (NYSE:C) has commenced the sale of its consumer banking business in Australia, a top official from the bank con...
Goldman Sachs Consolidating Around Trend Line Support
April 16, 2021 01:36 PM AEST| By Team Kalkine MediaSource: soul_studio, Shutterstock Summary Goldman Sachs Group Inc. (NYSE: GS) has been on an upward trajectory since October 2020. The price has broken crucial resistance level and hit an all-time high. Stock prices are trading above an upwar...
Dow smashes a milestone by shooting past 34K-mark
April 16, 2021 10:39 AM AEST| By Furquan MoharkanThe 30-share large cap index of the US market – Dow Jones Industrial Average (Dow30) – surged past the 34,000-mark for the first time on Thursday, as global equities continue to rally. Although the benchmark opened almost flat at...
TSX Hits Record High, Led by Commodity Price Rally
April 16, 2021 07:57 AM AEST| By Team Kalkine MediaCopyright © 2021 Kalkine Media Pty Ltd. The S&P/TSX Composite moved to a record high on Thursday of 19,337.17. The rally was driven by strengthening oil and gold prices, both heavyweight sectors on the TSX Composite index. Oil prices surge...
Do IPOs Always Increase Investors’ Wealth?
April 16, 2021 02:19 AM AEST| By Team Kalkine MediaSource:Vitalii Vodolazskyi, Shutterstock IPOs generally make more news than other investment options. Will the company list at premium, will it be oversubscribed? Will the scrip rise exponentially in a short span of time? These are some questions th...
