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How Did Snowflake (NYSE:SNOW) Fare In 1st Earnings Report As Public Company?
December 03, 2020 04:45 AM EST| By Team Kalkine MediaSummary Snowflake Inc posted its first earnings report as a publicly listed company on December 2, reporting a 119 per cent year-over-year (YoY) growth in its revenue for the third quarter of fiscal 2021. Following the release of its latest qua.....
Big tech firms making an exit: Is Silicon Valley losing its sheen?
December 02, 2020 09:44 PM EST| By Hina ChowdharySilicon Valley, home to many of the world's largest tech companies, seems to be losing its charm among the corporates and tech workers. Recently, a trend has come to light where companies and employees have been observed to be relocating to other p.....
TSX Rises 0.35%, Aurora & Cannabis Top Gainers
December 02, 2020 04:55 PM EST| By Team Kalkine MediaThe main index of the Canadian Stock Market, the S&P/TSX Composite Index, closed higher for the second consecutive day and added 61 points or 0.35% to 17,358.21 on Wednesday. TSX healthcare index gained 3.6 per cent with Aurora Cannabis rising by...
Boralex (TSX:BLX) Completes Purchase Of CDPQ's 49% Equity Stake
December 02, 2020 12:02 PM EST| By Team Kalkine MediaBoralex has announced that it has completed its acquisition of the previously declared 49 per cent equity stake of Caisse de dépôt et placement du Québec’s (CDPQ) 3 wind farms in Quebec. Boralex made a cash transa...
WELL Health (TSX: WELL) Closes Source 44 Acquisition To Expand Its Cybersecurity Wing
December 02, 2020 12:02 PM EST| By Team Kalkine MediaWELL has closed its previously declared acquisition of all the issued and outstanding stocks of Source 44 Consulting Inc. Source 44 offers cybersecurity consulting and professional services to enterprises throughout Canada. The cybersecuri...
NASDAQ Updates Listing Rules, Asks Companies To Appoint Diverse Board Of Directors
December 02, 2020 12:01 PM EST| By Team Kalkine MediaStock exchange NASDAQ has filed a proposal with the US Securities and Exchange Commission (SEC) to update its listing requirements for companies. The new rules require companies that are listed on theUS exchange to appoint at least two div...
Boeing 737 MAX To Resume Its Commercial Flight From December 29
December 02, 2020 12:00 PM EST| By Team Kalkine MediaBoeing Co’s 737 MAX is set to make come back with media onboard since it was grounded due to tragic crashes. One of its top customers, American Airlines, is seeking to prove that the aircraft is safe to carry passenger. The company&...
WeedMD (TSXV: WMD) Reports 8% QoQ Net Revenue Growth In Q3 2020
December 02, 2020 12:00 PM EST| By Team Kalkine MediaWeedMD Inc posted net sales of C$ 6.3 million in the third quarter ending 30 September 2020, down from C$ 6.7 million in Q3 2019. The company’s gross profit stood at C$ 0.07 million in Q3 2020, an increase of C$ 1 million from Q2 202...
Canada’s GDP Grew 8.9% In Q3 2020: What It Means For Economy?
December 02, 2020 09:56 AM EST| By Kunal SawhneyCanada’s real gross domestic product (GDP) increased by about 8.9 per cent in the third quarter of 2020, reported Statistics Canada. This growth comes after a decline of 11.3 per cent in the second quarter and that of 1.9 per cent the.....
Auris Holdings (NASDAQ:EARS), Johnson & Johnson: Why Are These Healthcare Stocks Trending?
December 02, 2020 09:04 AM EST| By Team Kalkine MediaStocks of Auris Medical Holding Inc (NASDAQ: EARS, EARS: US) soared over 370 per cent on Tuesday after its nasal spray displayed positive efficacy results for protection against airborne pathogens and allergens including coronavirus. Meanwhile, Johns...
Where Does Canada Stand In The Global Queue For COVID-19 Vaccines?
December 02, 2020 07:58 AM EST| By Team Kalkine MediaWith the Pfizer-BioNTech COVID-19 vaccine getting approval in the United Kingdom and the Moderna jab awaiting greenlight in the United States, one may wonder where Canada stands in the line to get the shot. Amid attack from the opposition party an.....
Canada’s New Spending Plan & C$381B Budget Deficit: How Did It Impact Stock Markets?
December 02, 2020 03:50 AM EST| By Team Kalkine MediaThe Canadian government published the much-awaited Fall Economic Statement on Monday, November 30, updating its spending plans and COVID-related emergency support measures. The document projected that Canada’s budget deficit could reac.....
Why Are BlackBerry (TSX: BB) Stocks Rallying On The TSX?
December 02, 2020 03:33 AM EST| By Team Kalkine MediaSummary BlackBerry (TSX: BB) stocks skyrocketed on Tuesday after it announced its latest agreement with Amazon Web Services (AWS) to build and market its Intelligent Vehicle Data Platform (IVY). The stocks shot up nearly 19 per cent to close at.....
This is how Travis Scott is making his millions
December 02, 2020 03:24 AM EST| By Edita IvancevicMost people would probably know Travis Scott as a hugely successful rapper, songwriter, record label owner, and last but not the least, Kylie Jenner's ex-partner. With his many talents, Mr Scott proves himself to be good at what he is doing, as he.....
UK First Nation To Approve Pfizer-BioNTech COVID-19 Vaccine, Roll Out ‘Next Week'
December 02, 2020 02:53 AM EST| By Team Kalkine MediaIn a major development, the United Kingdom on Wednesday became the first nation to approve the Pfizer-BioNTech vaccination for public use. The COVID-19 mRNA vaccine candidate will be rolled out from next week, informed UK health secretary Matt Hancoc...
BHP inks deal with Shell to power LNG carriers
December 01, 2020 10:07 PM EST| By Kunal SawhneyAs a pledge to reduce carbon emission, BHP (ASX:BHP), a global resource company with dual listing in the UK and Australia, has signed an agreement with Shell to fuel five LNG powered Newcastlemax bulk carriers. LNG powered carrier vessels which BH.....
Ether up 4x this year, all eyes on Ethereum 2.0
December 01, 2020 09:13 PM EST| By Kunal SawhneyWhile the most popular cryptocurrency bitcoin is soaring high nowadays, Ether, the world's second-biggest virtual currency by market value, is following the trend. It is up more than 4x this year. Since the beginning of the year, cryptocurrency has b...
2020’s Much-awaited Airbnb IPO Set to Launch In December!
December 01, 2020 09:09 PM EST| By Team Kalkine MediaThe famous home rental startup Airbnb Inc said on Tuesday that it intends to price its shares at USD 44 to USD 50 per share in its IPO, for a valuation of up to USD 34.8 billion in its initial public offering (IPO). The company is prepared to sell .....
Salesforce To Acquire Slack Technologies, Signs Definitive Agreement
December 01, 2020 08:20 PM EST| By Team Kalkine MediaOne of the most-awaited tech deals of the year is finally through. Salesforce.com (NYSE:CRM) has acquired communications platform Slack Technologies, Inc. (NYSE:WORK) for US$ 27.7 billion, making it the eighth-largest M&A deal in tech industry....
OPEC+ Delays Production Cut Decision, November Rally Halts
December 01, 2020 07:49 PM EST| By Team Kalkine MediaThe crude oil market finally hits a limbo with prices of Brent futures struggling around USD 50 mark to trade in a range from USD 49.00 per barrel to USD 48.00 per barrel after showing an immense recovery. Image Source: © Kalkine Group 2020...
