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Bitcoin Mania- Bubble or Boom?
February 26, 2021 09:11 AM AEDT| By AayushSource: Phongphan,Shutterstock Every asset’s price that moves quite rapidly in a very short span of time often gets dragged into the debate of “Bubble or a Boom?”. Bitcoin has a history of encountering one of the biggest bubbles of...
TSX Trades In Red Amid Stock Market Crash Fears
February 25, 2021 05:08 PM EST| By Team Kalkine MediaCopyright © 2021 Kalkine Media Pty Ltd. The S&P/TSX Composite Index doffed ~ 261 points or 1.41% on Thursday amid rising concerns on inflation and US Treasury yields. After rising to 18,526.07 in early trades, the index plunged to a low of...
Wall Street Ends Lower; What Weighed On Stocks
February 25, 2021 04:58 PM EST| By Team Kalkine MediaSource: G-Stock Studio, Shutterstock Summary S&P 500 fell 2.45%, NASDAQ dropped 3.52%, and Dow Jones shed 1.75%. Industrials, technology, consumer cyclical, energy, and real estate drag down indexes. US economy grew at 4.1% in the fo...
COIN Stock: Coinbase Files For Public Debut
February 25, 2021 04:45 PM EST| By Ipsita SarkarImage Source: Coinbase In significant milestone for the entire crypto industry, Coinbase Global Inc. filed for an initial public offering on Thursday. It is the first crypto exchange and the one of the most well-known cryptocurrency-centered company...
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5 Meme Stocks Making A Comeback On Reddit Rally List
February 25, 2021 05:21 AM EST| By Shreya BiswasSource: WHYFRAME, Shutterstock Summary Day traders’ favorite GameStop stock made a comeback to the top of the trending list on Wednesday, skyrocketing by nearly 104 per cent. AMC Entertainment stocks shot up by 18 per cent on Wednesday,...
Square (NYSE:SQ) Bitcoin Stake Reaches US$220 Million
February 24, 2021 11:49 PM EST| By Mark O'DonnellroStrategy’s CEO believes Bitcoin could be worth US$100 trillion one day. Square Inc (NYSE:SQ) has recently reported the purchase of US$170 million worth of Bitcoin. The announcement coincides with the release of the merchant payment compa...
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Is GameStop (NYSE:GME) Rallying Again?
February 24, 2021 08:39 PM EST| By Mark O'Donnelltop after testifying before the House Financial Services Committee. The share price of the gaming retailer GameStop Corp (NYSE:GME) was halted at US$91.71 with half an hour left in trading yesterday on the NYSE. The closing price presents ~104%...
TSX Rises 0.84%, Bank Stocks See New 52-Week Highs
February 24, 2021 05:29 PM EST| By Team Kalkine MediaBroader equity indices of the Toronto Stock Exchange Wednesday moved higher as expectation for sharp recovery in the economy and steady rollout of COVID-19 vaccine drove the markets higher. The largely tracked Canadian index, S&P/TSX Composite, a...
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SPAC Revolution (RAAC) Stocks Rise 17% On Berkshire Grey Merger Plans
February 24, 2021 05:06 PM EST| By Shreya BiswasSource: Shutterstock Summary Berkshire Grey is planning to go public via a reverse merger with special purpose acquisition company (SPAC) Revolution Acceleration Acquisition. In the wake of the announcement, stocks of Revolution Acceleration s...
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Top 10 TSXV Performers Of 2021 Worth Buying
February 24, 2021 04:56 PM EST| By Shreya BiswasSource: Shutterstock Junior Canadian equity market Toronto Stock Exchange Venture (TSXV) has come up with a list of its top 50 performers for 2021, and it tells a lot about how emerging companies tackled the coronavirus pandemic over the past year....
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US Stocks Roar Back on Fed Reassurance, Recovery Hopes
February 24, 2021 04:39 PM EST| By Team Kalkine MediaBrands, and others to present earnings reports after markets close. After a brief lull, US stock markets came back strongly to end the session higher on Wednesday, driven by hopes of a faster economic recovery and Fed chief’s reassurances...
BoC Cuts Back Provincial Bond-Buying, Continues Quantitative Easing
February 24, 2021 09:35 AM EST| By Shreya BiswasSource: Shutterstock Summary The Bank of Canada said on Tuesday that it has decided to reduce its Provincial Bond Purchase Program (PBPP). The top Canadian lender reportedly said that it will conduct the PBPP once a week instead of twice from...
Federal Reserve says US unemployment scenario far worse than seen
February 24, 2021 07:56 AM EST| By Team Kalkine MediaSource: Shutterstock Summary Federal Reserve chair Jerome H. Powell said that the US economic revival is incomplete and uneven. Powell said unemployment rate of 6.3% does not give the full picture of the .....
Are Stock Markets Heading For Another Crash?
February 24, 2021 07:20 AM EST| By AnujSource: Shutterstock The S&P 500 Index and TSX Composite Index traded in red in the initial market hours on Tuesday, February 23, leading to investors worry about another market crash. Tesla Inc. (TSLA:US or NASDAQ: TSLA) was down more than 12 p...
IonQ Merging With SPAC DMY Technology III (DMYI) For Public Debut?
February 24, 2021 07:16 AM EST| By Shreya BiswasSource: Shutterstock Summary Quantum computing firm IonQ is reportedly planning to go public via a reverse merger with special public acquisition company (SPAC) DMY Technology Group Inc III. DMY III has recorded a stock price growth of nearly...
How is the Needle Moving on Greenback Amid Powell’s Latest Comments
February 24, 2021 05:12 AM EST| By Team Kalkine MediaAfter a tumultuous start to 2021, the US Dollar continues to remain volatile with bleak expectations of recovery for the remaining year. Bank experts are of the view that this dismal growth of the greenback was expected to continue throughout 2021 .....
Major shakeup at GameStop; CFO Jim Bell set to quit
February 24, 2021 04:34 AM EST| By Team Kalkine MediaSource: Shutterstock GameStop’s Chief Financial Officer Corp Jim Bell will be leaving the organisation in March this year, the video game giant informed today. The Company, in its official statement, sought to clear the air around the resigna...
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How New Zealanders Can Invest In Different Types Of Cryptocurrency
February 24, 2021 03:31 PM AEDT| By Mark O'Donnellstors from having to purchase and manage digital assets themselves. New Zealanders can invest in Cryptocurrency with little restrictions. There are many different avenues available to New Zealanders, including direct and indirect methods. The m...
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Are Investors Exiting Tech Stocks For Other Growth Sectors?
February 23, 2021 06:46 PM EST| By Team Kalkine Medias. NASDAQ is down around 6% from its peak on February 12. Blue-chip tech stocks have seen a sixth-straight decline in recent days, but could this be a temporary market deviation or a deliberate shift of investors to other high-growth sectors?...
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TSX Ends 2-Day Winning Streak, Down 0.47%
February 23, 2021 05:25 PM EST| By Team Kalkine MediaThe S&P/TSX Composite Index slipped in red territory after two straight days of winning streaks, slipping 0.47% or 86.65 points to 18,330.09 on Tuesday. Other indices also moved lower, with the S&P/TSX 60 down 0.33% to 1,090.58, the S&P/T...
