News
Bausch Health’s (TSX:BHC) DEXAVEN Gets Polish Drug Regulator Grant For COVID-19 Treatment
December 31, 2020 01:18 AM AEDT| By Team Kalkine MediaBausch Health announced that it has received an additional new indication from the drug regulator in Poland for its DEXAVEN shot, for the treatment of COVID-19 in adult and adolescent patients who need oxygen therapy. DEXAVEN (dexamethason...
The Bitcoin Fund (TSX: QBTC) To Raise US$150ml Via ATM Equity Program
December 31, 2020 01:12 AM AEDT| By Team Kalkine MediaThe Bitcoin Fund (TSX: QBTC), a part of digital asset investment fund manager 3iQ Corp, has announced at-the-market (ATM) equity program to raise US$ 150 million by issuing Class A units from time to time. The issued units will be...

Bitcoin’s Winning Streak Continues, Surpasses $28,500-Mark
December 31, 2020 12:25 AM AEDT| By Kunal SawhneyBitcoin is drawing an end to 2020 with a bang. The giant cryptocurrency once again created history by soaring above US$ 28,500-mark on Wednesday, December 30. The virtual coin has gained nearly 47 per cent this month. Consequently, Bitcoin is now exp...
Medical Cannabis Firm Canada House Wellness Q2 FY21 Financial Results Out
December 30, 2020 10:31 PM AEDT| By Team Kalkine MediaMedical cannabis producer Canada House Wellness Group’s revenue Q2 FY21 (for ending October 31, 2020) was $2,263, up 75 per cent year-over-year. Loss for the latest quarter was $2,059 as compared to $1,717 in the same period a...
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What does 2021 hold for Crude Oil?
December 30, 2020 09:21 PM AEDT| By Team Kalkine MediaThe crude oil volatility has waned in recent months, and further price recovery lingers on the pandemic containment measures and the vaccination drives across the globe. During the wild swings in April 2020, the prices for the Western Texas Interm.....

AstraZeneca-Oxford COVID Shot Greenlit in UK, Under Review In Canada
December 30, 2020 09:17 PM AEDT| By Team Kalkine MediaSummary The UK is the first nation in the world to approve the AstraZeneca-Oxford COVID-19 vaccine. The AstraZeneca-Oxford COVID-19 vaccine reportedly fights the new, highly contagious mutant variant of the coronavirus that is currently spreadi.....

Senator McConnell rejects stimulus check increase to US$2000
December 30, 2020 04:37 PM AEDT| By Kunal SawhneyAfter the House voted in favour of the stimulus check increase as per Trump's demand, the legislation is stuck at the Senate level. On 29 December 2020, Senate Majority Leader Mitch McConnell obstructed Democrats' effort to immediately increase the C...
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How Central Banks Changed the Course of 2020?
December 30, 2020 04:03 PM AEDT| By Team Kalkine MediaCentral banks across the globe have constantly been innovating and finding new solutions to combat the economic strain caused by pandemic. Amidst the uncertainty attached to the coronavirus and the lack of complete knowledge about the same, policy .....

A snapshot of 20 most valuable companies on NASDAQ
December 30, 2020 02:05 PM AEDT| By Team Kalkine MediaNASDAQ is a stock exchange based in New York, United States of America. It is one of the leading stock exchanges in the world where many technology companies aspire to list. It has also pioneered the electronic stock market, being the world’s f...

Intel shares closed higher after agreeing with Third Point LLC
December 30, 2020 12:55 PM AEDT| By Kunal SawhneyIntel Corporation shares closed 4.93% on Tuesday in the US after the company acknowledged to improve ‘shareholder value’ and work with Third Point LLC towards the goal of enhancing shareholder value. Source: MegapixlTM Third P.....

US reports first case of the highly contagious new COVID-19 strain
December 30, 2020 12:50 PM AEDT| By Hina ChowdharyThe US reported its first case of the new COVID-19 strain on 29 December. The highly contagious strain was first detected in the UK and led to travel restrictions and widespread lockdown in the European nation. Health officials stated that the new.....
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S&P/TSX Composite Slips On Global Cues
December 30, 2020 09:31 AM AEDT| By Team Kalkine MediaCanadian markets slipped on Tuesday after US equities staged a pullback from their lifetime highs overnight. Benchmark index of the Toronto Stock Exchange, the S&P/TSX Composite Index, traded 80.45 points or 0.46% lower at 17,543.43 on Tuesday. T...
Pot firm Captor Capital (CPTR:CNX) Rebrands Retail Dispensary
December 30, 2020 04:25 AM AEDT| By Team Kalkine MediaCalifornia-based cannabis retail operator Captor Capital Corp informed that it is rebranding two Chai Cannabis dispensaries in Castroville and Santa Cruz. From the first quarter of 2021, the dispensaries will be known as Chai Cannabis Powe...

North American Markets Seesaw Over US Stimulus Package, Vaccine Hopes
December 30, 2020 03:39 AM AEDT| By Kunal SawhneySummary The rally following the news of the upcoming US aid package saw major stock exchanges of the S&P 500 Index, Dow Jones Industrial Average and Nasdaq Composite hit record highs on Monday. Gold prices recorded a jump of about 0.3 per c.....
Debt & Bills Payment Top Financial Priority For Canadians: CIBC Survey
December 29, 2020 11:48 PM AEDT| By Team Kalkine MediaDespite the raging pandemic, paying off debts remain top priority for Canadians for the 11 year in a row, as per a new poll by Canadian Imperial Bank of Commerce (TSX:CM). Twenty per cent of poll takers listed it as their top financial prio...

5 Sectors That Outshone In 2020
December 29, 2020 09:34 PM AEDT| By Kunal SawhneyYear 2020 will go down in history for the COVID-19 pandemic and the havoc it wreaked around the world. Global lockdown, international trade suspension, disrupted productions, drop in demand of goods and services, etc. saw many industries ne.....
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Is the Recent Rally in Base Metals due to Price Seasonality?
December 29, 2020 08:41 PM AEDT| By Team Kalkine MediaCopper’s Price Action Summary: Copper prices are trading in a perfect symmetrical triangle pattern on a quarterly timeframe chart on Shanghai Future Exchange. It started the year with a bearish tone and gave negative quarterly closing, near .....

House gives the green signal to USD 2,000 stimulus check. Will it cross the Senate’s hurdle?
December 29, 2020 03:25 PM AEDT| By Team Kalkine MediaOn 28 December 2020, the House voted in favour of an increase in the stimulus checks from USD 600 to USD 2,000. Two hundred and seventy-five members voted in approval of the bill, whereas 134 voted against it. Despite being cleared by the House of .....
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Another Shock for Ripple Investors, Coinbase to Suspend XRP Ahead of IPO
December 29, 2020 03:13 PM AEDT| By Team Kalkine MediaXRP is once again in the news after cryptocurrency exchange – Coinbase Inc. said that it would suspend the trading of XRP in the wake of a recent lawsuit filed by the United States Securities and Exchange Commission (SEC). To Know More, Do Rea...

SEC Files Lawsuit Against XRP, How is the Crypto Space Panning Out?
December 29, 2020 12:48 PM AEDT| By Hina ChowdharyThe crypto space is inundated with a series of both good and bad news. Bitcoin is witnessing large buying interest and hitting a fresh all-time high while civil suits are being filed against Ripple. SEC Files Civil Suit Against XRP for Breaching Inv...
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