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Economy Set to Get a Big Boost with New Infrastructure Bank
Economy

Economy Set to Get a Big Boost with New Infrastructure Bank

Summary The UK treasury has launched a new infrastructure bank in the Leeds. The bank will fund various infrastructure projects across the UK through debt, equities and guarantees. The investment will be across multiple sectors such as transpo...

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...

Lens On Earnings Of 2 Industrial Stocks: Severfield Plc and Castings Plc
Market updates

Lens On Earnings Of 2 Industrial Stocks: Severfield Plc and Castings Plc

Summary Severfield Plc reported an 11% rise in revenue for FY21 and recommended dividend of 2.9p per share. Castings Plc reported a 17.3% drop in annual revenue and dividend of 11.69p per share. Several FTSE-listed companies are announcing...

FTSE 100 Set to Open in the Red Tracking Asian Peers and Eyeing US Fed Decision 
Market updates

FTSE 100 Set to Open in the Red Tracking Asian Peers and Eyeing US Fed Decision 

Summary The FTSE 100 set to open lower on Thursday tracking Asian equities after the US Fed sped up its interest rate hike timeline. FTSE futures were trading down by 1.50 per cent on Thursday early morning. The market is awaiting cues from Ma...

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 04:33 AM BST
  • 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...

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...

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 ...

Federal Reserve Kept Interest Rate Unchanged; FTSE 100 up 0.17%
Market updates

Federal Reserve Kept Interest Rate Unchanged; FTSE 100 up 0.17%

US Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 31.99 points or 0.75 per cent lower at 4,214.60, Dow Jones Industrial Average Index dipped by 314.18 points or 0.92 per cent lower at 33,985.1...

5,000% in 14 months! Can ethereum reach $50,000?
Cryptocurrency

5,000% in 14 months! Can ethereum reach $50,000?

Summary The euphoria around cryptocurrencies has grown invariably in last few years Ethereum hit a low of $86 during the global market crash during March 2020 On 12 May 2021, ethereum registered an all-time high of $4,372.72 per unit The ...

What Time Does London Stock Exchange Close?
Guides

What Time Does London Stock Exchange Close?

Summary Founded in 1801, London Stock Exchange is one of the oldest stock exchanges in the world. The LSE allows investors to trade from Monday to Friday. London Stock Exchange (LSE) is the largest exchange in Europe. It is also the primar...

Is ISA Better Than Savings? What Type of ISA Is the Best?
Guides

Is ISA Better Than Savings? What Type of ISA Is the Best?

Individual Savings Account (ISA) is a kind of tax-free savings account, offered to the residents of the United Kingdom. The deposits in ISA are exempt from tax on its return, subject to an annual limit. For the current tax year, the annual grant i...