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News
Top 5 developments from Australia and world
March 18, 2021 02:06 PM AEDT| By AshishSource: Tendo, Shutterstock Summary Fed Chair Jerome Powell said that it was too early to discuss tapering off measures to support the struggling economy. Australia’s unemployment decreased by 70,000 people in February. The unemploy...
Carbon Neutral Goal Setting By Multinational Brands
March 18, 2021 01:20 PM AEDT| By Mark O'DonnellSource: PH.MarkoStanojevic ,Shutterstock Several big multinational brands have announced plans to transform their businesses and go carbon neutral. Big brands are beginning to recognise their environmental responsibility and plan to cater to co...
How oil trader Vitol cashed in on 2020 oil glut to score record profit
March 18, 2021 01:15 PM AEDT| By Team Kalkine MediaSource: Oil and Gas Photographer, Shutterstock Summary Commodity trading behemoth Vitol has registered a record profit in 2020. Most of the oil traders booked huge profits in the second half of 2020, capitalising on the market volatility...
Luxury Retail Stocks Paying Off In 2021
March 18, 2021 11:54 AM AEDT| By Mark O'DonnellSource: Mihai_Andritoiu, Shutterstock Summary Luxury retailers have performed surprisingly well over the past year and a half, attracting customers and investors. LVMH has a wide range of products and customer base to weather downturns in...
TSX Gains On Markets Optmism Over US Economic Growth Forecast
March 18, 2021 08:48 AM AEDT| By Ipsita SarkarCopyright © 2021 Kalkine Media Pty Ltd. Stock markets across North America were lifted after the US Federal Reserve forecasted a rapid recovery in the economic growth and promised to keep its interest rates near zero levels in future. The S&am...
US Markets End Higher After Fed Statement, Stocks Trim Losses
March 18, 2021 08:40 AM AEDT| By Team Kalkine Mediacan Airlines Group secures $10 billion loan to pay-off its government debts. US stocks edged higher on Wednesday after the Federal Reserve highlighted the growth momentum in the economy and kept the interest rates steady, and tech, consumer cycl...
Canada’s Consumer Inflation Rises 1.1% YoY In February
March 18, 2021 02:16 AM AEDT| By AnujSource: ivosar, Shutterstock The Canadian Consumer Price Index (CPI) surged higher in February on mounting petroleum prices, though it marginally missed analyst expectations. The inflation rate soared as much as 1.1 per cent year-over-year (YoY), a...
Oil Demand Won’t Rebound To Pre-COVID Level Until 2023, Says IEA
March 18, 2021 02:04 AM AEDT| By AnujSource: Anan Kaewkhammul, Shutterstock The International Energy Agency (IEA) has projected that global oil demand will not attain its pre-coronavirus levels until 2023. The agency estimates an average fuel consumption of over 101 million barrels a d...
Buy Alert! 2 NYSE-Listed Growth Stocks On Investors’ Radar
March 17, 2021 10:48 PM AEDT| By Ipsita SarkarSource: janews, Shutterstock Summary SunLink Health surged 151 per cent, while Can-Fite jumped over 43 per cent on Tuesday. SunLink received a significant sum of money in Covid relief during the lockdown last year. Can-Fite Biopharma clinched...
3 US listed Renewable Energy stocks with interesting chart patterns
March 17, 2021 09:27 PM AEDT| By Team Kalkine MediaSource: Eviart, Shutterstock Summary Sunpower Corp. prices are trading above the crucial upward sloping trendline support on the weekly chart. Sunpower Corp. prices hold the 61.8% Fibonacci retracement level and delivered multifold returns in...
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Australia sends 8000 vaccines to PNG, requests AstraZeneca to send 1 million more jabs
March 17, 2021 09:05 PM AEDT| By Team Kalkine MediaSource: insta_photos, Shutterstock Summary: Australia has requested AstraZeneca to send one million doses of vaccine to PNG. It will also provide masks, sanitiser, ventilators, gowns, and other essentials. The island has 2,351 confirmed cases,...
Electric Revolution For European Automakers In The Next Decade
March 17, 2021 11:55 AM AEDT| By Mark O'DonnellSource: temp-64GTX, Shutterstock Summary Public and investor sentiment indicates that EVs would be the future of private transport. Government regulations coming into force worldwide is helping to accelerate the adoption of EVs and forcin...
US Stocks End Mixed Ahead Of Key Fed Meeting
March 17, 2021 08:57 AM AEDT| By Team Kalkine MediaSource:Chaiyapak Mankannan, Shutterstock Summary S&P 500 dropped 0.16%, Dow Jones ticked down 0.39%, and NASDAQ gained 0.09%. Technology, utilities, and real estate stocks edged higher amid a lacklustre session. Nokia to layoff at least 1...
TSX Pauses 7-Day Rally, Declines to 18,874.01
March 17, 2021 08:38 AM AEDT| By Team Kalkine MediaCopyright © 2021 Kalkine Media Pty Ltd. Weakness in the US markets dragged Canadian indices lower as well. The flagship index of the Toronto Stock Exchange, the S&P/TSX Composite, settled in red after seven consecutive days of positive clos...
How To Buy Lion Electric Stock?
March 17, 2021 07:24 AM AEDT| By AnujSource: MinskDesign ,Shutterstock There’s a high search volume on information around Lion Electric stock, which announced yesterday that it will establish a battery facility in Quebec. How to buy Lion Electric stock? What is Lion Electri...
Elon Musk, ‘Technoking of Tesla’, Launches NFT Theme Sound
March 17, 2021 03:23 AM AEDT| By AnujSource: Melena-Nsk, Shutterstock Tesla’s Chief Executive Officer Elon Musk's changed its Twitter profile title to "Technoking of Tesla". He derived this title from the latest official regulatory filing that also provided a title of "Master of...
Super Richest 1% Now Control 25% Of Canada’s Wealth
March 17, 2021 03:05 AM AEDT| By Ipsita SarkarSource: enciktepstudio, Shutterstock The fact that income inequality has been rising over the last couple of decades is not exactly new. But income inequality reaching an all-time high due to the pandemic-induced global economic slump is worth taki...
Medicago’s Plant-Based COVID Shot Begins Phase 3 Trial With GlaxoSmithKline
March 17, 2021 03:02 AM AEDT| By Shreya BiswasSource: Aedka Studio, Shutterstock Summary Canadian biopharmaceutical firm Medicago Inc announced on Tuesday that its plant-derived COVID-19 vaccine candidate has been ushered into Phase 3 clinical trials. Medicago said that its shot will be t...
China tightens the noose on Alibaba, tells it to divest media assets
March 16, 2021 04:10 PM AEDT| By Aayushh. These stakes are viewed unfavourably by the Chinese Communist Party. The Chinese government has ordered Alibaba Group Holdings to sell its media assets as officials were concerned about the technology giant's hold over public opinion in the...
COVID-19: How Well Have The Vaccine Makers Performed?
March 16, 2021 04:05 PM AEDT| By Mark O'DonnellSource:Dimitris Barletis ,Shutterstock There are currently four major vaccines rolling out around the world. Some of these vaccines have been developed by companies that are listed on exchanges. The amount of business these companies are doing right...
Canadian AI All-Stars: Unveiling the Top Stocks for 2025