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Bitcoin Reclaims US$1 Trillion MCap As Price Hits 2-Week High
March 10, 2021 08:25 AM AEDT| By AnujSource:3Dsculptor,Shutterstock Bitcoin zoomed back to its two-week high, rallying over US$ 54,500 in early Tuesday morning trade as Wall Street investors went bullish on crypto assets. The top electronic currency token soared over 7 per to US$54,50...
Inter Pipeline (TSX:IPL) Scraps Brookfield’s Hostile Takeover Bid
March 10, 2021 08:21 AM AEDT| By Shreya BiswasSource: Oaklizm, Shutterstock Summary Inter Pipeline Ltd (TSX:IPL) has unanimously rejected Brookfield Infrastructure Partners’ (TSX:BIP.UN) C$ 13.5-billion hostile takeover offer launched earlier in February. Brookfield Infrastruct...
Here’s Why Uncertainty Looms Over Canadian Businesses
March 09, 2021 10:46 PM AEDT| By Team Kalkine Mediay 42 per cent businesses bracing themselves for it in the next three months. As the COVID-19 pandemic crisis continues to affect markets and day-to-day business operations, Canadian companies fear that they might not be able to survive this publ...
IonQ Confirms SPAC Merger With DMY Technology (DMYI)
March 09, 2021 09:03 PM AEDT| By Shreya BiswasSource: HelloRF Zcool, Shutterstock Summary IonQ Inc, a quantum computing firm, said on Monday, March 8, that it will go down the reverse merger route with a blank check company DMY Technology Group Inc III (NYSE:DMYI, DMYI:US) to get publicly...
Two NYSE-listed stocks benefiting from natural gas price rally
March 09, 2021 08:57 PM AEDT| By Team Kalkine Mediaes are getting crucial support from the Parabolic SAR indicator. The NYMEX Natural gas has climbed almost ~49 percent from its 28 December 2020 low of USD 2.238 to a high of USD 3.316 levels made on 17 February 2021. The analysis of the c...
Know What’s Latest in Global Economic Calendar
March 09, 2021 07:27 PM AEDT| By DaminiSource: dokurose, Shutterstock Summary The US Senate’s approval of USD 1.9 trillion relief bill has fuelled optimism in the global economy. The latest results of various economic indicators worldwide turned out to be a mixed bag. The on...
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Australia warns against protectionism on Italy's vaccine export block
March 09, 2021 04:55 PM AEDT| By Team Kalkine MediaSource: Seasontime, Shutterstock Summary Australian government triggers a warning against vaccine protectionism on the vaccine export block from Italy. The country has asked the European Commission to review Italy’s decision. The govern...
Amazon-backed Deliveroo set for London IPO with Dual-Class Structure
March 09, 2021 01:51 PM AEDT| By Team Kalkine MediaSource: zaozaa19,Shutterstock Summary Deliveroo, a British food delivery firm, is set to launch its IPO, expected to be London's biggest listing in several years. The plan follows strong business traction during 2020. The com...
Legacy Automakers Transitioning to EV by 2030
March 09, 2021 12:53 PM AEDT| By Mark O'DonnellSource: Virrage Images,Shutterstock Summary Legacy Automakers are ramping up EV production, with many signalling a complete transition to EV within the decade. Electrified versions of popular makes and models are being pushed out over the...
Canadian Markets Extend Gains, Mullen & Sprott Top Gainers
March 09, 2021 09:57 AM AEDT| By Team Kalkine MediaCopyright © 2021 Kalkine Media Pty Ltd. On Monday, the House of Representatives passed Biden’s landmark US$1.9 trillion stimulus package. This drove the Dow Jones to a new record high in the early trading hours. However, surge in the US B...
US Stocks End Mixed Amid Recovery Hopes, Bond Selloff
March 09, 2021 08:43 AM AEDT| By Team Kalkine Mediaden’s US$1.9 trillion relief bill set for a final Senate vote on Tuesday. US stocks ended mixed on Monday ahead of a crucial Senate vote on President Joe Biden’s US$1.9 trillion stimulus package this week, even as investors continued...
Why Is Goldman Sachs Group Inc Planning to Resume Its Cryptocurrency Desk?
March 09, 2021 12:56 AM AEDT| By AbhijeetSource: Chinnapong, Shutterstock Summary A study by Goldman Sachs has found renewed interest in the group’s digital assets. Media reports had said that the group would now be dealing in bitcoin futures, non-deliverable forwards. Ami...
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Women’s Day 2021: 3 ETFs That Back Female Empowerment
March 08, 2021 11:27 PM AEDT| By Shreya BiswasSource: Flamingo Images, Shutterstock Summary With International Women’s Day in mind, today let’s focus on three exchange-traded funds (ETFs) in Canada that focus on gender diversity. The BMO Women in Leadership Fund ETF increased...
Week ahead: Will ECB cap the rising bond yields?
March 08, 2021 09:31 PM AEDT| By Team Kalkine MediaSource: Freedomz, Shutterstock Summary The decision about rising sovereign bond yields is on the cards as the European Commercial Bank (ECB) meets on Thursday. Experts said if left unchecked, it may reverse the process of economic recovery. T...
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StoreDot: Why Is The EV Battery Maker Trending?
March 08, 2021 08:25 PM AEDT| By Shreya BiswasSource: eamesBot, Shutterstock Summary There has also been much speculation about Israeli company StoreDot’s initial public offering (IPO). The company unveiled its first-ever five-minute charge battery technology for electric vehicles (...
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Brent crosses US$70/barrel-mark on Ras Tanura missile attacks
March 08, 2021 08:07 PM AEDT| By Team Kalkine MediaSource: Anan Kaewkhammul, Shutterstock Summary Brent crude oil prices soared over US$70 per barrel after an oil farm in Saudi Arabia was attacked by a missile on Sunday. Iran-backed Houthis carried out the attacks as a retaliatory move against...
Rocket Lab Refuels To Compete With SpaceX
March 08, 2021 06:06 PM AEDT| By Mark O'DonnellSource: Oleg_Yakovlev, Shutterstock Summary Rocket Lab is set to list on the Nasdaq in the second quarter of 2021. Rocket Lab will use the listing to gain funds to build bigger rockets. The US-NZ Company is targeting SpaceX’s marketspac...
Coinbase’s CEO can make billions more after the company goes public
March 08, 2021 05:47 PM AEDT| By Team Kalkine MediaSource: Momentum Fotograh, Shutterstock Summary Coinbase recently announced its plans to engage in a direct listing instead of IPO. The crypto exchange could hit a US$100-billion valuation. Brian Armstrong could make billions more if Coinbase...
Merck/Ridgeback’s COVID-19 oral drug shows promising Phase 2 data
March 08, 2021 03:25 PM AEDT| By Team Kalkine MediaSource:zstock,Shutterstock American pharmaceutical behemoth Merck (NYSE:MRK) and Ridgeback Biotherapeutics LP disclosed preliminary findings from Phase 2a double-blind, placebo-controlled, randomised trial for evaluating the safety, tolerability, an...
Social Media Buzz: What Is VanEck Vectors ETF?
March 08, 2021 02:52 PM AEDT| By Mark O'DonnellSource: Peshkova ,Shutterstock A new ETF was launched last Thursday in the US. The ETF is designed to track the stocks receiving considerable social media mentions and attention. VanEck Vectors Social Sentiment ETF (BUZZ:NYSE Arca) is comprised...
