AUS
NZ
UK
CA
USA
IND
News
Tech & Industrials Pull Down TSX, Supreme Cannabis Most Active Stock
February 17, 2021 03:01 PM EST| By Team Kalkine MediaWeakness in heavy-weighted technology and industrials sector dragged the S&P/TSX Composite Index lower on Wednesday. The index declined ~118 points or 0.63% to 18,374.78, doffing most of the gains it accumulated over the past two trading session....
Canada’s CPI Rises By 1% As Consumer Goods, Fuel Prices Spike
February 17, 2021 11:57 AM EST| By Kunal SawhneyCanada’s Consumer Price Index (CPI), a key gauge of inflation, has risen at a quicker pace in January to 1 per cent, than in the previous month, due to the rising prices of gasoline and consumer durables, the government’s statis.....
Why Morningstar Credit Ratings Is Under the SEC’s Scanner
February 17, 2021 09:45 AM EST| By Kunal SawhneyThe Securities Exchange Commission (SEC) has filed a lawsuit against Morningstar Credit Ratings LLC for allegedly violating provisions of laws for rating commercial mortgage-backed securities. The Morningstar has been accused of allowing it.....
Canadian Stock Markets Saw Record Foreign Investments In Dec 2020
February 17, 2021 09:40 AM EST| By Hina ChowdharyCanadians purchased as much as C$ 26.9 billion worth of foreign securities in the month of December last year, a large chunk of which consisted of US shares, Statistics Canada pointed in a recent report. Foreigners, on the other hand, inves.....
Vaccines to inject optimism in world economy, IMF pegs US growth at 5.1%
February 17, 2021 06:20 AM EST| By Team Kalkine Mediaed to show staggering improvement due to potential structural changes in the economy. Nations across the globe are on the mend as they have begun neutralizing the devastating effects of the pandemic left behind on the economy as well as on finan...
Is Churchill (CCIV) Nearing A SPAC Merger With Lucid Motors?
February 17, 2021 05:19 AM EST| By Team Kalkine MediaSummary Churchill Capital Corp IV (NYSE: CCIV, CCIV:US) saw its stocks gallop by nearly 32 per cent on Tuesday, February 16. The most recent jump in its stock price came as a fresh report claimed that Churchill has taken its talks for the merge.....
.jpg)
Berkshire Hathaway Jumps on Crude Oil Bandwagon, Invests in Chevron
February 17, 2021 01:41 PM AEDT| By Team Kalkine MediaThe market oracle, Warren Buffet is now jumping on the oil bandwagon with Berkshire Hathaway investing in Chevron Corporation (NYSE:CVX). The investment by Berkshire Hathaway in Chevron, which started from third quarter last year, has now reached ~ U...
TSX Edges Higher On Day 2, Up 0.18%
February 16, 2021 05:20 PM EST| By Team Kalkine MediaThe TSX Composite Index moved up for the second consecutive day and added approximately 32.51 points or 0.18% to 18,492.72 on Tuesday. Other broader indices also settled in a positive territory, with the S&P/TSX 60 adding 0.21% to 1,097.48, and t...
US Markets End Mixed On Recovery, Earnings Forecast
February 16, 2021 04:46 PM EST| By Team Kalkine MediaUS stock markets ended mixed on Tuesday in anticipation of positive retail earnings and steps by House Democrats to expedite a legislative version of President Joe Biden’s $1.9 trillion stimulus. The S&P 500 was down 0.06% to 3932.59. Th.....
Bitcoin Rockets Past $50000-Mark, Sets Course For US$1-Trillion MCap
February 16, 2021 09:22 AM EST| By Ipsita SarkarBitcoin’s blazing rally continued as the cryptocurrency breached the US$50,000-mark for the first time since its inception over 12 years ago. The crypto giant hit its all-time high price of US$ 50,584.85 on Tuesday morning (February 16) after...
Will Plan to Spin Off Universal Music Keep the Momentum High for Vivendi?
February 16, 2021 09:04 AM EST| By Kunal SawhneyShares of French media conglomerate Vivendi SA (PAR: VIV) rallied nearly 20 per cent on Monday to EUR 31.22 as the company announced its plans to list its profitable division Universal Music Group (UMG) by the end of this year. Last week, the Pari.....
.jpg)
Nissan Denies Tying Up with Apple for Its Electric Car
February 16, 2021 05:29 AM EST| By Team Kalkine MediaJapanese automobile company Nissan (TYO: 7201) announced that it was not in talks with technology major Apple (NASDAQ: AAPL) for developing its a self-driving electric car. According to a Financial Times report, the companies had held brief.....
.jpg)
Equity markets continue their uptrend; Crude oil rises to 13 months high
February 16, 2021 12:40 AM EST| By Kunal SawhneyOn Tuesday, Global markets held the ground firmly and continued their bull run for the 12th straight session on the back of high optimism for the global economic recovery. The low-interest rates are also forcing investors to channelise their money .....
Texans Struggle Amid Deadly Winters and Power Outages
February 15, 2021 10:44 PM EST| By Hina ChowdharyTexas is facing a challenging situation due to the freezing temperature and rolling power blackouts across the state. As extreme weather conditions spiked the demand for electricity, the agency responsible for managing the electric grid has ordered.....
.jpg)
Why is platinum at multi-year highs?
February 15, 2021 10:35 PM EST| By Kunal SawhneyFollowed by the emphatic industrial metals’ price rally on the expectations of global economic improvements, the prices of the Platinum contract hit ~US$1,291 an ounce on 15 February 2021, highest since September 2014. The current platinum p.....
US Dollar drops to 3-week low as vaccine optimism abounds
February 15, 2021 08:16 AM EST| By Team Kalkine Mediasignificantly as it rose to its highest level in about three years pushing past USD1.39. Tuesday marked a three-week low for US Dollar and a three-year high for Sterling as news surrounding the vaccine injected optimism into investors. The Brit....
A race against COVID-19: Meet five global vaccine developers in the fray
February 15, 2021 04:34 AM EST| By Kunal SawhneyVaccine development typically requires years of research, testing and additional time for large-scale manufacturing. However, this time researchers across the globe raced against the clock to develop anti-coronavirus vaccines within a year amid the.....
Bitcoin Continues to Zoom, Gold Investors Left Behind?
February 15, 2021 03:20 AM EST| By Kunal SawhneyBitcoin prices are going through the roof again with the digital currency reaching a record high of over USD 49K on 14 February 2021. So far, investors have been negatively correlating the digital asset with gold. However, the recent performance of...
.jpg)
What is BNY Mellon’s latest initiative into the crypto world?
February 14, 2021 09:18 PM EST| By Team Kalkine MediaThe geopolitical environment around the cryptospace is getting spiced up day by day with a plethora of information emerging in the market. After developments like a bill proposed by the Indian government to ban the currency, many positive news or sen...
Disney nets 146 million paid subscribers in Q4
February 14, 2021 08:24 AM EST| By Team Kalkine MediaSource: Marko Aliaksandr, Shutterstock Summary The Walt Disney company revealed its December quarter results with Disney+ subscriptions being the major source of revenue during the quarter. The company reported that the total paid subscri...
