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US Stocks Roar Back on Fed Reassurance, Recovery Hopes
February 25, 2021 08:39 AM AEDT| By Team Kalkine MediaBrands, and others to present earnings reports after markets close. After a brief lull, US stock markets came back strongly to end the session higher on Wednesday, driven by hopes of a faster economic recovery and Fed chief’s reassurances...
BoC Cuts Back Provincial Bond-Buying, Continues Quantitative Easing
February 25, 2021 01:35 AM AEDT| By Shreya BiswasSource: Shutterstock Summary The Bank of Canada said on Tuesday that it has decided to reduce its Provincial Bond Purchase Program (PBPP). The top Canadian lender reportedly said that it will conduct the PBPP once a week instead of twice from...
Federal Reserve says US unemployment scenario far worse than seen
February 24, 2021 11:56 PM AEDT| By Team Kalkine MediaSource: Shutterstock Summary Federal Reserve chair Jerome H. Powell said that the US economic revival is incomplete and uneven. Powell said unemployment rate of 6.3% does not give the full picture of the .....
Are Stock Markets Heading For Another Crash?
February 24, 2021 11:20 PM AEDT| By AnujSource: Shutterstock The S&P 500 Index and TSX Composite Index traded in red in the initial market hours on Tuesday, February 23, leading to investors worry about another market crash. Tesla Inc. (TSLA:US or NASDAQ: TSLA) was down more than 12 p...
IonQ Merging With SPAC DMY Technology III (DMYI) For Public Debut?
February 24, 2021 11:16 PM AEDT| By Shreya BiswasSource: Shutterstock Summary Quantum computing firm IonQ is reportedly planning to go public via a reverse merger with special public acquisition company (SPAC) DMY Technology Group Inc III. DMY III has recorded a stock price growth of nearly...
How is the Needle Moving on Greenback Amid Powell’s Latest Comments
February 24, 2021 09:12 PM AEDT| By Team Kalkine MediaAfter a tumultuous start to 2021, the US Dollar continues to remain volatile with bleak expectations of recovery for the remaining year. Bank experts are of the view that this dismal growth of the greenback was expected to continue throughout 2021 .....
Major shakeup at GameStop; CFO Jim Bell set to quit
February 24, 2021 08:34 PM AEDT| By Team Kalkine MediaSource: Shutterstock GameStop’s Chief Financial Officer Corp Jim Bell will be leaving the organisation in March this year, the video game giant informed today. The Company, in its official statement, sought to clear the air around the resigna...
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How New Zealanders Can Invest In Different Types Of Cryptocurrency
February 24, 2021 03:31 PM AEDT| By Mark O'Donnellstors from having to purchase and manage digital assets themselves. New Zealanders can invest in Cryptocurrency with little restrictions. There are many different avenues available to New Zealanders, including direct and indirect methods. The m...
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Are Investors Exiting Tech Stocks For Other Growth Sectors?
February 24, 2021 10:46 AM AEDT| By Team Kalkine Medias. NASDAQ is down around 6% from its peak on February 12. Blue-chip tech stocks have seen a sixth-straight decline in recent days, but could this be a temporary market deviation or a deliberate shift of investors to other high-growth sectors?...
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TSX Ends 2-Day Winning Streak, Down 0.47%
February 24, 2021 09:25 AM AEDT| By Team Kalkine MediaThe S&P/TSX Composite Index slipped in red territory after two straight days of winning streaks, slipping 0.47% or 86.65 points to 18,330.09 on Tuesday. Other indices also moved lower, with the S&P/TSX 60 down 0.33% to 1,090.58, the S&P/T...
US Markets End Flat Despite Fed’s Supportive Rate Pledge
February 24, 2021 08:41 AM AEDT| By Team Kalkine Mediaarkets to maintain low rates, rules out inflation pressure for now. US stock markets ended flat for a second consecutive day on Tuesday despite the Federal Reserve’s reassertion to keep the interest rates unchanged and positive retail earn...
Churchill IV (CCIV) Stocks Dip As Lucid Finally Confirms SPAC Merger
February 24, 2021 02:26 AM AEDT| By Shreya BiswasSource: Shutterstock Summary Luxury electric vehicle (EV) maker Lucid Motors finally confirmed the rumors around its potential merger with blank check company Churchill Capital IV (NASDAQ:CCIV, CCIV:US) on Monday. Churchill IV stocks sank by abo...
Shopify (TSX:SHOP) Stock: Is This Profitable Tech Firm A Buy?
February 24, 2021 02:22 AM AEDT| By Ipsita SarkarCanada’s largest ecommerce platform Shopify Inc. (TSX, NYSE: SHOP) aims to raise US$1.55 billion via a public stock offering of 1.18 million Class A shares priced at US$1,315 apiece. The tech giant aims to use the funds for growth strategies a...
Canada’s Largest Shipment of Pfizer & Moderna COVID Shots This Week
February 24, 2021 01:48 AM AEDT| By Shreya BiswasSource: Shutterstock Summary Canada is set to receive a record number of shots from Pfizer-BioNTech and Moderna this week. This spike in the delivery count comes after the country faced a shipment shortage for about a month. The delivery for...
Facebook ‘re-friends’ Australia, set to lift news ban
February 23, 2021 08:32 PM AEDT| By Team Kalkine MediaSource: Shutterstock In a major triumph for Australia, US tech giant Facebook has finally struck a reconciliatory note with the country’s Federal Government. Australian Treasurer Josh Frydenberg informed that Facebook boss Mark Zuckerber...
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Bitcoin rally hits a roadblock; price falls after Musk's tweet
February 23, 2021 06:36 PM AEDT| By Team Kalkine Mediacoin is an unpredictable asset, fearing investors might take a hit. The most popular cryptocurrency in the world, bitcoin, sank nearly 10% on Monday, dipping below the 50K-mark at one point and traded at USD 48,383.0. Bitcoin trading is hi...
Bill Gates' game plan on how to avert a climate disaster
February 23, 2021 03:22 PM AEDT| By Team Kalkine MediaSource: Shutterstock “How to Avoid a Climate Disaster”, the latest book by tech philanthropist Bill Gates is the talk of the town. From environmentalists to governments, all want to dig into the thoughts of the Microsoft legend about the...
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GameStop Stocks Surge Again After Reddit Investor Adds More Stake
February 23, 2021 02:06 PM AEDT| By Ipsita Sarkarli>Around 19 million GameStop stocks had exchanged hands on Monday. Stocks of American consumer electronics company GameStop Corp (NYSE: GME) surged yet again after a Reddit supporter revealed that he acquired 50,000 more shares of the firm. Gam...
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Small-Caps Outperform Their Bigger Peers: Can They Hold The Fort?
February 23, 2021 11:59 AM AEDT| By Team Kalkine MediaSource: Shutterstock Summary Smaller companies have outpaced their bigger counterparts as COVID cloud clears. Russell 2000 gained more than 47 percent since November 2020. Investors are turning their attention to cyclicals instead of the cost...
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TSX Up 0.18%, Suncor Energy & Nevada Copper Most Active Stocks
February 23, 2021 09:49 AM AEDT| By Team Kalkine MediaThe broader indices of the Toronto Stock Exchange ended in green for the second straight day. The S&P/TSX Composite Index traded 32.47 points or 0.18% higher at 18,416.74 on Monday. The rally was supported by strength in the energy stocks followe...
Canadian AI All-Stars: Unveiling the Top Stocks for 2025