AUS
NZ
UK
CA
USA
IND
News
Bitcoin Zooms Over US$38,000 Over Elon Musk’s New Twitter Profile Bio
January 30, 2021 03:02 PM AEDT| By Kunal SawhneyBitcoin (BTC) soared over US$ 38,000 per BTC on the back of Tesla (TSLA:US or NASDAQ: TSLA) CEO and founder Elon Musk’s new Twitter profile bio description ‘#bitcoin’. The largest crypto token flew from US$ 32,000 to US$ 36000 in.....
WeWork Taking SPAC Route For Public Debut?
January 29, 2021 11:00 PM EST| By Kunal SawhneySummary Co-working real estate giant WeWork is likely to adopt the SPAC route to go public. If the deal is struck, WeWork will see a valuation of US$10 billion, much less than Soft Bank’s own 2019 valuation of US $47 billion. The year 20.....
TSX Falls 320 Points On Weakness in Tech, Consumer Cyclicals & Industrials
January 29, 2021 05:28 PM EST| By Team Kalkine MediaThe largely tracked benchmark index of the Canadian Stock Exchange, the S&P/TSX Composite Index, plummeted 320 points or 1.81% to 17,337.02 on Friday and pared all the gains of yesterday’s trading sessions. The decline was primarily becaus...
Canada’s GDP Grew 0.7% in Nov’20 Despite COVID-Triggered Deficit
January 29, 2021 11:51 AM EST| By Kunal SawhneyDespite the rising number of COVID-19 infections and tightening lockdown measures, Canada saw its real gross domestic product (GDP) balloon by 0.7 per cent month-over-month (MoM) in November last year. This was the seventh consecutive month.....
Canada’s Payroll Jobs Slid 0.5% in Nov’20 Amid COVID 2nd Wave
January 29, 2021 11:49 AM EST| By Kunal SawhneyMany Canadian businesses suffered in the wake of the second coronavirus wave around November last year. While the latest Labour Force Survey (LFS) recorded a 0.3 per cent increase in employment for the week between November 8 and 14, the country&rs.....
What Is Litecoin? How To Buy It?
January 30, 2021 01:30 AM AEDT| By Hina ChowdharyLitecoin is a private cryptocurrency that offers peer-to-peer payment service across the world. It claims to be a hassle-free gateway and has no regulatory obligations. The virtual coin was created in 2011 by Charlie Lee, former Google and .....
Mission Possible Partnership brings 400 global leaders to accelerate worldwide decarbonisation
January 29, 2021 09:23 AM EST| By Team Kalkine MediaThe Mission Possible Partnership (MPP), another alliance framed to quicken the decarbonisation of worldwide industries addressing 30% of worldwide emissions was launched on 27 January 2021, at the Davos Agenda. The MPP was formed on the back of fo.....
GameStop, BlackBerry, AMC Down: Why Reddit-Boosted Stock Rally Fell?
January 29, 2021 06:43 AM EST| By Hina ChowdharyHeavily shorted stocks such as BlackBerry (TSX:BB), GameStop (NYSE:GME, GME:US), AMC Entertainment (NYSE: AMC, AMC:US), etc. soared over the past week under the influence of Reddit-based day traders rooting for them. But on Thursday, January 28, mo.....
Crypto Exchange Coinbase Takes Direct Listing Route For Public Debut
January 29, 2021 10:40 PM AEDT| By Kunal SawhneyCryptocurrency exchange Coinbase Inc is planning to go public via the traditional direct listing route, it revealed in a blog post on Thursday, January 28. The US-based company has already submitted a draft registration form with the U.S. Securitie.....
Hottest Stock of The Year So Far, Gamestop Plunge as Platforms Block Trading
January 29, 2021 04:51 AM EST| By Team Kalkine MediaShares of US high street shop that sells games, consoles, and other electronics, GameStop Corp (NYSE: GME) nosedived by 55 per cent as trading platforms such as Robinhood and Interactive Brokers curbed buying of shares in the US games firm. The ban.....
.jpg)
Is Robinhood Saving the Rich and Robbing the Poor?
January 29, 2021 12:27 AM EST| By Team Kalkine MediaThe year 2020 had been extraordinary for Robinhood, an online trading app that attracts the young and mostly first-time investors to its commission-free platform. It is especially designed to tempt the new video game-loving generation. Image sou.....
.jpg)
Retail brokers block long trades on GameStop shares
January 29, 2021 12:20 AM EST| By Team Kalkine MediaFollowing days of wild frenzy, US games firm GameStop’s shares crashed 44% on Thursday. However, the stock also touched over $490 during the day. More importantly, GME stock was up 61.15% in the after-hours trading. Source © Kalkine G.....
General Motors to bid adieu to Gasoline and Diesel-powered Vehicles by 2035
January 28, 2021 11:42 PM EST| By Team Kalkine MediaGeneral Motors Co, the one of the largest automakers across the world, has announced that it would end sales of gasoline and diesel light-duty vehicles including its new cars, SUV’s, and light pickup trucks by 2035 and eventually shift towards...
.jpg)
How did Melvin Capital end up blowing $3.75 Billion?
January 29, 2021 01:43 PM AEDT| By Team Kalkine MediaThere’s a company called GameStop which had made a fortune selling video games from its physical stores in the 2000s. However, this is not 2000s and the physical games business has been completely overshadowed by digital space. Considering t.....
What’s Panning Out in the Cryptospace, Is a Reversal on Cards for Bitcoin?
January 28, 2021 09:35 PM EST| By Kunal SawhneyWhat’s Panning Out in the Cryptospace, Is a Reversal on Cards for Bitcoin? Bitcoin prices seem to be finally taking a breather from the speculative sell-off seen in the digital currency over the news of double spent. To Know More, Do Read: B...
.jpg)
TSX Composite Moved Up by 232 Points, Helathcatre and Meatals and Mining Lead the Surge.
January 28, 2021 05:05 PM EST| By Team Kalkine MediaAfter two straight days of negative closing, the S&P/TSX Composite Index moved higer on Thursday, adding approximately 232 points or 1.34% to 17,657.20. The index pared most of the losses it accumulated in the last two trading days. Healthcare a...
.jpg)
US stocks recover from slump; Dow gains over 300 points
January 28, 2021 05:00 PM EST| By Kunal SawhneyThe US stocks rebounded on Thursday even as the latest economic data was below expectations. The benchmark equity indices recorded their worst decline in three months in the last session. While S&P 500 gave up its returns in 2021, Dow Jones pos.....
How Much Has Automation Technology Impacted Jobs In Canada?
January 28, 2021 10:54 AM EST| By Team Kalkine MediaWhile technological advancements in businesses generally result in reducing manual labor and work hours, it can also often have a negative impact for workers who depend on manual tasks. With the onset of the COVID-19 pandemic last year, amid which .....
Dogecoin Soars By 240%: What’s Behind This All-Time High Rally?
January 29, 2021 02:52 AM AEDT| By Kunal SawhneyThe dog-symbol crypto-coin, dogecoin, shot up by over 240 per cent in less than 24 hours after a popular but unverified twitter handle posted about the meme-crypto. At the time of writing this, DOGE was trading at its all-time high of US$ 0.024926 .....
Elon Musk Calls Discord ‘Corpo’ For Banning Reddit Forum WallStreetBets
January 28, 2021 09:37 AM EST| By Hina ChowdharySummary Elon Musk had earlier tweeted on GameStop’s stock wild rally, which is being attributed to the coalition of day traders on Reddit called WallStreetBets. Discord announced on Wednesday that it came to the decision of banning WallSt.....
