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Bitcoin bulls receive reality check at massive Miami Conference
June 10, 2021 01:26 PM AEST| By Daniel Paul JohnsThe largest-ever Bitcoin conference was held in Miami over the weekend as thousands of crypto enthusiasts attended the Mana Wynwood Convention Center to celebrate and pay homage to the world’s largest digital currency. On top of that, thousan.....
APAC markets in green; ASX200 up 0.44%
June 10, 2021 12:49 PM AEST| By Furquan MoharkanThe equity markets in the Asia-Pacific (APAC) region were trading in the green, even as the Dow Jones Industrial Average continued its losses for the third consecutive day. Japan’s Nikkei 225 was trading 29 basis points (bps) higher while th.....
Bitcoin surges 16% as El Salvador makes crypto a legal tender
June 10, 2021 11:26 AM AEST| By Chitranjan KumarIn a major boost for the cryptocurrency market, El Salvador has officially adopted Bitcoin as a legal tender after Congress gave its nod to President Nayib Bukele’s proposal to embrace the digital coin. With this, the Central American nation .....
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US Stocks Edge Lower As Financials, Industrials Slip
June 10, 2021 08:13 AM AEST| By Sanjeeb BaruahBenchmark US indices closed lower on Wednesday after financials, industrials, and consumer stocks led a broad retreat in the markets amid mixed global and domestic cues. The S&P 500 was down 0.18% to 4,219.55. The Dow Jones shed 0.44% to 34,447....
How London equities fared ahead of the critical US inflation data?
June 10, 2021 04:21 AM AEST| By Team Kalkine MediaUS Markets: Broader indices in the United States traded on a mixed note - particularly, the S&P 500 index traded 3.87 points or 0.09 per cent higher at 4,231.13, Dow Jones Industrial Average Index dipped by 55.12 points or 0.16 per cent lower at...
FTSE 100 ends slightly lower as heavyweights recover
June 10, 2021 02:20 AM AEST| By AbhijeetUK shares ended marginally lower on Wednesday, 9 May, recovering from the early afternoon losses with the headline FTSE 100 index snapping the two-day gain. The index started in the negative region tracking the subdued Asian peers, except China. I.....
What Is Important To Our Health And Wellbeing?
June 10, 2021 12:33 AM AEST| By Team Kalkine MediaAs the pandemic rages on into its second year, the necessity of taking care of one’s health and wellbeing has taken an even greater degree of importance in today’s world. Living in good health and having a sense of wellbeing is central .....
London Metal Exchange’s Open Ring Trading Set to Reopen in September
June 10, 2021 12:19 AM AEST| By Suhita PoddarSummary London Metal Exchange, the world’s oldest marketplace for Industrial metals, is set to reopen the open-outcry trading floor on 6 September 2021. In March 2020, LME had decided to suspend the open outcry trading floor due to social.....
What China’s record factory-gate prices mean for global economy
June 09, 2021 07:34 PM AEST| By Chitranjan KumarSummary China’s factory-gate prices hit a 12-year high in May on higher commodity prices. The producer price index (PPI) rose to 9% in May, up from 6.8% reported in April 2021. The consumer price index surged to 1.3% in May, compared to .....
Irish Premier Urges UK and EU to Calmly Resolve NI Protocol Related Issues
June 09, 2021 06:47 PM AEST| By Kamalika GhoshSummary The Irish premier has called upon David Frost, the British Brexit Minister, to engage with Maros Sefcovic, Vice President, European Commission to amicably sort out the row. The supplies of food and medicines from the UK to the NI are di.....
Bitcoin Is Now A Legal Tender In El Salvador
June 09, 2021 05:42 PM AEST| By Ipsita SarkarIn a bold move, President Nayib Bukele-led El Salvadoran passed the Bitcoin Law, allowing the use of the world’s largest cryptocurrency as a legal tender, alongside the US dollar. The small Central American nation is now the only country glob.....
COVID-19 vaccine booster shots: do we really need them?
June 09, 2021 03:00 PM AEST| By Tripti JoshiSummary There’s been a lot of discussion around COVID-19 booster shots, considering the emergence of new variants in recent months. Experts highlight that people will likely need a third dose, or a booster shot, of the COVID-19 vaccine af.....
APAC markets mixed as China inflation soars to 12-year high
June 09, 2021 01:53 PM AEST| By Furquan MoharkanSummary APAC markets are mixed with the Japanese and South Korean markets trading in the red. China factory gate inflation surges to highest in 12-years. Philippine markets are the best performers in the region. The equity markets in the .....
US revises travel ratings for 110 nations; eases restrictions
June 09, 2021 11:43 AM AEST| By Furquan MoharkanIn a major sigh of relief for the sports lovers across the world, the US has eased travel restrictions on over 110 countries including Japan, just before the start of the Olympics. The new ratings by the US Centers for Disease Control and Prevention...
Bitcoin tumbles 8% after US nabs US$2.3M crypto ransom from Colonial hackers
June 09, 2021 11:03 AM AEST| By Supriya KumariIn yet another cryptocurrency meltdown, Bitcoin prices tanked overnight once again, as officials in the US were able to recover most of the ransom paid to hackers that targeted Colonial Pipeline – the largest pipeline system for refined oil pro...
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US Stocks Wobble On Inflation Worries
June 09, 2021 07:49 AM AEST| By Sanjeeb BaruahUS stocks saw subdued trade in Tuesday’s session, with all major indices ending flat as inflation worries weighed on the markets. The S&P 500 was up 0.02% to 4,227.26. The Dow Jones declined 0.09% to 34,599.82. The NASDAQ Composite gained...
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FTSE 100 ended marginally higher; Bitcoin price down 9%
June 09, 2021 04:22 AM AEST| By Team Kalkine MediaUS Markets: Broader indices in the United States traded on a mixed note - particularly, the S&P 500 index traded 0.48 points or 0.01 per cent higher at 4,227.00, Dow Jones Industrial Average Index dipped by 7.62 points or 0.02 per cent lower at 3...
Here’s Why Your Netflix and Amazon Blanked Out on Tuesday
June 09, 2021 01:21 AM AEST| By Kamalika GhoshSummary Websites like Bloomberg News, Reddit Inc, the New York Times, and the UK government faced an outage. Users across the world faced issues accessing BBC, CNN, and Guardian as well as Netflix and Twitch. Fastly was able to fix the issue a.....
All you need to know about stablecoin
June 08, 2021 08:24 PM AEST| By Daniel Paul JohnsSummary The unstable tendency of many cryptocurrencies has caused investors to search for safer alternatives. One such alternative, which is currently on the radar, is a crypto called stablecoin. What separates stablecoin from other cryptocurre.....
AMC, GameStop, other meme stocks delivered multibagger returns in 2021
June 08, 2021 07:31 PM AEST| By Chitranjan KumarSummary AMC, GameStop, BlackBerry and other meme stocks ended higher on Wall Street on Monday. AMC shares have rallied 2,636% in 2021, while GameStop has zoomed over 1,500% year to date. The valuation of meme stocks is based on social media hy.....
