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Is pandemic the real reason behind the ‘Bitcoin Boom?’
Cryptocurrency

Is pandemic the real reason behind the ‘Bitcoin Boom?’

For the past two years in my work-from-home stint, news around the Bitcoin has time and again caught my attention. When I look at the way the price of Bitcoin has moved over the last twelve months, I wonder — is the pandemic and the millions of...

Can Dogecoin make millennials rich? How much would it be worth by 2030?
Cryptocurrency

Can Dogecoin make millennials rich? How much would it be worth by 2030?

Summary Dogecoin was launched in 2014 as a joke designed to satirise other cryptos. Dogecoin’s value and its correlation to celebrity tweets has triggered scepticism among experts. Today, the price of Dogecoin is around US$0.31 cents - a...

Why was Kiwi dollar not enthused by the better-than-expected GDP numbers?
Forex/Currency

Why was Kiwi dollar not enthused by the better-than-expected GDP numbers?

Summary Kiwi dollar struggles to regain lost ground on GDP numbers Aussie and Kiwi had lost their gains on Wednesday after change in the Fed’s’s dovish stand Overall, the good economic news in both countries did not have much impac...

  • June 17, 2021 09:12 PM NZST
  • Manika
The NZX 50 Fell 40.4 Points on Thursday, Primarily Led by Selling in Materials and Consumer Staples stocks
Market Updates

The NZX 50 Fell 40.4 Points on Thursday, Primarily Led by Selling in Materials and Consumer Staples stocks

The broader NZ market ended the session in red after significant selling pressure was witnessed in Materials and Consumer Staples stocks. However, some buying in energy sector limited the fall in the broader market. On 17th June 2021, NZX 50 declined...

Are NZX value stocks going to outshine in the upcoming period?
Value Stocks

Are NZX value stocks going to outshine in the upcoming period?

New Zealand has so far successfully managed to contain the dreadful COVID-19 pandemic. As per Stats NZ’s latest update, the country’s GDP grew by 1.6% in March 2021 versus 1% decrease noted in December last year.   On the back of...

ANZ expects RBNZ to hike rates in February 2022 after remarkable GDP numbers
Economy

ANZ expects RBNZ to hike rates in February 2022 after remarkable GDP numbers

Summary ANZ now expects the RBNZ to hike OCR in February 2022 after the country records strong GDP numbers in Q1 of 2021. Q1 GDP results stunned and failed many economists’ predictions. ANZ stated that inflationary pressure is rising and...

  • June 17, 2021 07:02 PM NZST
  • Sonal
Look at these top NZX- listed stocks under $1
Penny Stocks

Look at these top NZX- listed stocks under $1

Summary Investors consider stocks that have good growth potential Some of them are in technology space but are mixed Let’s see why they hold potential Investors have several options for investment. Some prefer large, well-establishe...

  • June 17, 2021 05:33 PM NZST
  • Manika
5 Interesting NZX stocks garnering investors’ attention - HMY, PPH, GTK, CGF, IFT
Stock Market

5 Interesting NZX stocks garnering investors’ attention - HMY, PPH, GTK, CGF, IFT

A stock exchange is a platform where investors may buy and sell financial products, including stocks, bonds, and derivatives. Supply and demand in the market influence share prices when buyers and sellers submit their orders. Companies lis...

  • June 17, 2021 04:44 PM NZST
  • Sonal
Is Cardano better than Bitcoin?
Cryptocurrency

Is Cardano better than Bitcoin?

Summary Cardano can be termed as a third-generation cryptocurrency, offering enhanced functionality. Cardano can handle at least 257 transactions a second compared to Bitcoin’s 5 transactions a second. The supply of Cardano is capped at ...

  • June 17, 2021 03:33 PM NZST
  • Aayush
APAC shares in red after Fed signals rate hikes in 2023
World News

APAC shares in red after Fed signals rate hikes in 2023

The equity markets in the Asia Pacific (APAC) region were trading in red on Thursday after the US Federal Reserve signalled at preponing the hike in interest rates to 2023. The move by the Fed has cut short the record run of the benchmark Australi...

Why ASB is slapped with a $8.9 million penalty
World News

Why ASB is slapped with a $8.9 million penalty

After the Commerce Commission’s warnings to one of the largest banks in New Zealand, ASB bank, of overcharging borrowers on early repayment adjustment (ERA) fees, the bank will pay back roughly $9 million to its customers. The bank failed to...

  • June 17, 2021 01:47 PM NZST
  • Sonal
US Federal Reserve shifts its rate hike timeline to 2023
World News

US Federal Reserve shifts its rate hike timeline to 2023

Summary The US Fed has raised the inflation expectations for this year. The central bank has brought forward the timeline for rate hikes. The Dow30 slipped in the red after the announcement. Raising the estimates for the inflation this ye...

Look at the trading volume of 6 popular NZX stocks
Stock Market

Look at the trading volume of 6 popular NZX stocks

Summary Spark Finance seeks extension of its standby credit facility. Precinct Properties New Zealand released its quarterly update, revealing the termination of its Management Services Agreement has led to considerable cost savings. Tower pro...

New Zealand just escaped recession, GDP grows by 1.6% in March quarter
Economy

New Zealand just escaped recession, GDP grows by 1.6% in March quarter

Smmary Stats NZ announced today that GDP grew by 1.6% in the March quarter. NZ escaped a double-dip recession. RBNZ in its May Monetary Policy had predicted a dip in GDP again. Stats NZ revealed today that the Gross Domestic Product (GDP)...

  • June 17, 2021 12:17 PM NZST
  • Manika
Golden Mile to be a car free zone soon?
World News

Golden Mile to be a car free zone soon?

Summary Golden Mile envisioned to be car-emission free in the next three years. Affordable housing instead of pre-1930 homes proposed as a solution to the growing housing concern. Resistance being faced by retailers who believe this move will ...

  • June 17, 2021 12:08 PM NZST
  • Roma
How NZX dividend stocks are managing healthy payouts amid low-interest rate scenario
Dividend Stocks

How NZX dividend stocks are managing healthy payouts amid low-interest rate scenario

Summary Amid the turbulent year marred by the coronavirus pandemic and low interest rate, investors have turned to dividend-paying stocks to ensure regular payouts. Poised for positive momentum for the next year, KPG announced NZ$99.8 million i...

Look at 6 NZX stocks seesaw during the trading session.
Stock Market

Look at 6 NZX stocks seesaw during the trading session.

Summary Barramundi Limited offers growth trends in monthly update Tourism Holdings Limited making progressive gains post Trans-Tasman bubble AMP Limited announces dividend for the quarter. Factor impacting the market fluctuation between g...

  • June 17, 2021 11:57 AM NZST
  • Roma
Why investors are hooked on NZX penny stocks amid unpredictable market conditions
Penny Stocks

Why investors are hooked on NZX penny stocks amid unpredictable market conditions

Summary Penny stocks are low-priced stocks. However, investors need to consider many factors before investing in these stocks. Let’s see what makes these low-priced stocks have high potential. Stocks that trade for less than a $1 ar...

  • June 17, 2021 11:53 AM NZST
  • Sonal
US stocks dip on Fed's rate-hike plan for 2023
World News

US stocks dip on Fed's rate-hike plan for 2023

Benchmark US indices closed lower on Wednesday, June 16, after the Federal Reserve signalled that it might consider increasing the interest rates in 2023 if the inflationary pressures do not ease. The S&P 500 was down 0.54% to 4,223.70. The Dow ...

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