AUS
NZ
UK
CA
USA
IND
News
Tesla to Raise USD 5 Billion, Riding High on Share Price Boom
December 08, 2020 09:11 PM EST| By Team Kalkine MediaAmerican electric vehicle and clean energy company, Tesla Inc., has unveiled its plan to raise USD 5 billion. As per a regulatory filing on Tuesday, the additional shares will be sold from time to time, at the market prices. It is the second time i.....
TSX Up For Sixth Straight day, Ballard Power & Crescent Point Top Stocks
December 08, 2020 04:49 PM EST| By Team Kalkine MediaThe main Canadian equity index – the S&P/TSX Composite – settled higher for the sixth consecutive day, supported by strengths in energy, healthcare, industrials, and financials stocks. The index closed 56.65 points or 0.32% hi...
Foreign-Controlled Assets Stake Down By 0.4%, Value Grew To C$2.4T In 2018: Statistics Canada
December 08, 2020 12:00 PM EST| By Team Kalkine MediaValues of Canadian and foreign-controlled assets improved by 7.9 per cent and 4.3 per cent, respectively, in 2018, reported Statistics Canada. The foreign-controlled share of assets saw a marginal year-over-year drop from 15.7 per cent in...
Enbridge Inc (TSX: ENB) Estimates Generating Higher Core Earnings In 2021
December 08, 2020 12:00 PM EST| By Team Kalkine MediaCanadian energy company Enbridge Inc has projected higher core earnings in 2021, saying it expects improved volume on its Liquids Mainline System next year. In its 2021 Financial Guidance, the company estimated a distributable cash...
More Layoffs At Husky Energy’s (TSX: HSE) West White Rose Project Despite C$ 41.5Mn Funding
December 08, 2020 11:59 AM EST| By Team Kalkine MediaHusky Energy Inc is expected to further downsize its workforce at the West White Rose worksite in Argentia, Newfoundland, by about 15 trade workers and 60 employees in the project management department, said media reports recently. The dow...
Mental Health Therapy Provider MindBeacon Files For A C$ 50Mn IPO
December 08, 2020 11:58 AM EST| By Team Kalkine MediaMindBeacon submitted a regulatory filing on Monday, December 7, for its initial public offering (IPO). The Toronto-based company listed Manulife Financial Corporation (TSX: MFC) and Telus Corporation (TSX: T) as its investors. MindBeacon...
Canada's Annual Food Expenditure Could Surge 5% YoY in 2021: Food Price Report
December 08, 2020 11:53 AM EST| By Team Kalkine MediaIn its 11th yearly edition, Canada's Food Price Report estimated that the overall food price in the country would climb by three to five per cent in 2021. The meat and bakery food groups would note the most significant price increases next...
Why Are Industrials Stocks Air Canada (TSX:AC) & Bombardier (TSX:BBD.B) Trending?
December 08, 2020 11:47 AM EST| By Kunal SawhneyAfter a dreary few months of pandemic-riddled losses, things are beginning to look up for Canadian companies Air Canada (TSX: AC) and Bombardier Inc (TSX: BBD.B), thanks to the progress towards working COVID-19 vaccines. The anticipation of a poten.....
Wish & AbCellera Biologics Inc: Investors' Hawk-eyed On These 2 IPOs
December 08, 2020 08:32 AM EST| By Kunal SawhneySummary Wish’s parent company ContextLogic Inc announced the launch of its initial public offering (IPO) on Monday, December 7. Canadian biotechnology firm AbCellera Biologics Inc is also set to go public, offering a total of 23 million s.....
Deutsche Bank, ANZ, Citi face trials in Australia’s biggest criminal case
December 08, 2020 07:44 AM EST| By Team Kalkine MediaThe three major banks, Australia and New Zealand (ANZ) Banking Group Ltd, Citigroup Inc, Deutsche Bank AG, and six of firms’ former staff were asked to face trial in Australia’s NSW Local Court on Tuesday after pleading not guil.....
In A First, Water Futures Start Trading On Wall Street
December 08, 2020 07:02 AM EST| By Hina ChowdharyWater has now entered the league of oil, gold, and other commodities futures on Wall Street, representing concerns that the life-sustaining natural reserve may become insufficient around the world. Chicago-based CME Group Inc unveiled agre.....
Canada To Receive First Pfizer-BioNTech COVID-19 Vaccine Before December-end
December 08, 2020 06:59 AM EST| By Hina ChowdharySummary Canadians will start getting Pfizer-BioNTech’s COVID-19 vaccine by next week following Health Canada’s approval, Prime Minister Justin Trudeau announced on Monday. PM Trudeau said that about 249,000 doses of the Pfizer vacci.....
Why Cannabis Stocks, Aurora (TSX:ACB) & GTEC, Are Trending?
December 08, 2020 05:13 AM EST| By Team Kalkine MediaSummary Aurora stocks have returned over 35 per cent in the last three months. GTEC stocks have soared over 18 per cent in the last three months. The EU may authorize cannabis for medical use in the next 18 months, said Aurora in its exchange .....
Who is Michael Sabia, Canada’s New Deputy Finance Minister?
December 08, 2020 03:27 AM EST| By Team Kalkine MediaMichael Sabia, former CEO and president of Caisse de Depot et Placement du Quebec (CDPQ), has been appointed as Canada’s new deputy finance minister, said an official statement released the prime minister’s office on Monday, Dec.....
The Story of ‘Big Short’s’ Michael J. Burry
December 08, 2020 03:25 AM EST| By Edita IvancevicImage Source: Shutterstock People in large number remember how nerve-wracking the 2008 Global Financial Crisis was. Wall Street completely crashed, and the world was left with years of financial struggles. Yet, some investors could sense the future...
The meteoric rise of Ray Dalio, World’s Largest Hedge Fund Manager
December 08, 2020 02:42 AM EST| By Edita IvancevicHedge Fund managers are one of the most fancied names on the Wallstreet, and many stock market participants closely track each and every move these fund managers make. Many hedge fund managers make it to the rich list, thanks to the huge amount of m...
Tony Hsieh: the 'generous' genius from the US who died at just 46
December 08, 2020 12:18 AM EST| By Edita IvancevicImage Source: Shutterstock Tony Hsieh was a renowned American businessman, who made a considerable impact on Zappos after being hired as its CEO. He was known to turn an almost bankrupt firm into a multibillion-dollar empire. Within a decade, he too...
Who is Dr Timnit Gebru and why did Google fire her?
December 07, 2020 08:49 PM EST| By Edita IvancevicIf asked to imagine an artificial intelligence and the technology sector employee, there is a high chance one would picture a white male scientist wearing smart glasses. In that case, one would not be wrong due to white male dominance within the tech...
S&P/TSX Composite Gains 61 Points, Hovering Near Its Record-High Level
December 07, 2020 04:55 PM EST| By Team Kalkine MediaThe benchmark equity gauge of the Toronto Stock Exchange, the S&P/TSX Composite index, added 61.4 points or 0.35% to 17,582.35 on Monday. The rally in the broader index extended for the fifth consecutive day. On a year-over-year basis, t...
5 Penny Stocks To Explore Ahead Of Biden Bull Market
December 07, 2020 12:44 PM EST| By Hina ChowdharySummary With Joe Biden to be sworn-in as the 46th President of the United States, the stage seems to be set for a stock market bull run. Canopy Rivers (TSX: RIV), Auxly Cannabis (TSXV: XLY), and Numinus Wellness (TSX: NUMI) are three Canadian p.....
