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Can inflation woes spark a firestorm in global markets?
May 15, 2021 03:47 AM AEST| By Furquan MoharkanThe global equity markets are witnessing a sizeable correction. The reason? The credit may become costlier for the companies. In the past seven days, two data sets on inflation came to light, and both presented a grim picture. The United States, the...
Cyberattack hits Colonial Pipeline, chokes US East Coast fuel supply
May 15, 2021 03:35 AM AEST| By Nitish KumarLast week, the world witnessed a major cyberattack on a US fuel pipeline that stymied the supply of gasoline and diesel on the east coast of the mighty United States. Colonial Pipeline, the largest pipeline system for refined oil products in the U.....
After 6.7% Job Decline In 2020, Where Does US Solar Industry Stand?
May 15, 2021 03:05 AM AEST| By Team Kalkine MediaYear 2020 saw significant workforce reductions in nearly all sectors due to COVID-triggered shutdowns, and the solar industry wasn’t an exception. Despite record installations of solar capacity last year, the United States recorded 6.7 per cen...
Amazon to Create 10,000 Jobs in the UK To Boost Employment
May 15, 2021 01:05 AM AEST| By Suhita PoddarSummary Amazon to hire 10,000 people across the regions of Dartford, Doncaster, Gateshead, Hinckley and Swindon. It plans to invest £10 million towards skills training in the UK over the next three years. The firm is also hiring another .....
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FTSE 100 reclaims 7,000 as Wall Street assists
May 15, 2021 12:48 AM AEST| By AbhijeetSummary UK shares regathered pace with the extended support from Wall Street FTSE 100 retook 7,000, after losing the crucial support on Monday Macroeconomic data is likely to skew the market direction next week UK shares regathered .....
How ESG and sustainable investments are changing investments, businesses
May 15, 2021 12:45 AM AEST| By Suhita PoddarSummary In last one decade, the countries worldwide have been promoting ESG issues. Studies have proved that an efficient ESG strategy can see a growth in profits and also make your business more future ready. Studies have stated that ESG rati.....
Majority of Businesses Will Not Require Vaccination Proof: BCC Survey
May 14, 2021 11:55 PM AEST| By AbhijeetSummary A survey by BCC finds only 5% of firms have so far implemented vaccination proof requirement. Nearly 69% said they have no plans to put in place a vaccination proof requirement. 76% of firms said they expect social distancing to stay i.....
Tesla’s wild-ride: Shares correct 36% from record high clinched in 2021
May 14, 2021 11:41 PM AEST| By AbhijeetSummary Tesla shares has seen some of the sharpest moves in the last one-and-a-half years Of late, the shares have not performed well, stands with a negative YTD return Between 8 February and 8 March 2021, the stock of Tesla plunged 34.79 per .....
What Are Some Less Energy-Intensive Alternatives to Bitcoin Crypto Mining?
May 14, 2021 11:02 PM AEST| By Suhita PoddarSummary Tesla founder Elon Musk’s announced Tesla would stop accepting Bitcoin as a form of payment, over concerns about Bitcoin’s high energy demand and fossil fuel use Bitcoin’s energy demand comes more from mining over tran.....
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West Newton: A Fast Pathway to Monetisation for Reabold
May 14, 2021 10:54 PM AEST| By Team Kalkine MediaSummary In West Newton, Reabold holds around 56 per cent economic interest indirectly through its 59 per cent share in Rathlin and through a direct licence interest of ca 16.67%. The company follows a trusted strategy to target low technical ri.....
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5 Stocks That Have Been Abuzz with News On M&A
May 14, 2021 10:39 PM AEST| By Suhita PoddarSummary The LSE saw a host of announcements regarding mergers and acquisitions. Sanne Group Plc shares surged over 25 per cent after rejecting a proposal by Cinven Limited. Grainger, Intertek, and Argo Blockchain among others, have announced b.....
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Are Bitcoin Chartists Picking Bearish Signals?
May 14, 2021 08:01 PM AEST| By Team Kalkine MediaSummary Bitcoin price has dropped by ~30.66 percent from its lifetime high. on the daily chart Bitcoin prices are trading in a rising channel formation and below its 100-Period Simple Moving Average (SMA). The price has broken a rising trendli.....
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Can Dogecoin Be A Bitcoin Alternative For Elon Musk’s Tesla?
May 14, 2021 07:38 PM AEST| By AnujTelsa Inc (US:TSLA, NASDAQ:TSLA) founder Elon Musk tweeted on Wednesday, May 12, that the electric vehicle (EV) company is suspending all purchases using Bitcoin. He also hinted that the company is exploring other environment-friendly cryptocurrenci...
Is the Crypto Grass Greener? The Search for ‘Greener’ Cryptos
May 14, 2021 06:06 PM AEST| By Team Kalkine MediaSummary Elon Musk announced on Thursday that Tesla would no longer accept Bitcoin to purchase its vehicles. The decision has led to a heated debate over the amount of electricity required to mine bitcoins. Tesla’s move has resulted in at.....
APAC markets open mostly in green on Wall Street cues
May 14, 2021 03:36 PM AEST| By Furquan MoharkanThe Asia Pacific (APAC) markets opened mostly in green on Friday, following the Wall Street rally overnight. The Japanese shares were the biggest gainers in the region, with Nikkei225 up 2.3%, having wiped most of the losses it made in the Thursda.....
Will Chevron Corp. (NYSE: CVX) Prices Cross the Hurdle on Charts?
May 14, 2021 03:25 PM AEST| By Team Kalkine MediaSummary Chevron Corp. (NYSE: CVX) has outperformed the index and generated ~16.01 percent returns in the last 3 months. On the daily chart, CVX’s prices are moving in a horizontal channel pattern and taking support from the 100-period Sim.....
US tax sleuths, justice dept set to probe Binance: Reports
May 14, 2021 02:43 PM AEST| By Furquan MoharkanOne of world's largest cryptocurrency exchanges, Binance is facing investigation from the US Internal Revenue Service and the Justice Department, reports said. The probing officials have asked for detailed information from individuals with insight.....
Coinbase rides the crypto boom to hit over US$1 billion in revenue
May 14, 2021 01:47 PM AEST| By Furquan MoharkanCoinbase Global Inc (NASDAQ:COIN), a US-based holding company for an cryptocurrency exchange platform by the same name, has reported 9.45 times jump in its revenue as it surged past the $US1 billion-mark in quarterly revenue. The company reported .....
Why has IEA slashed 2021 oil demand forecast?
May 14, 2021 10:09 AM AEST| By Team Kalkine MediaThe oil industry has been on a roller coaster ride since last year. Experiencing gloomy days, the prices of WTI crude oil dipped to negative levels in April 2020 due to supply glut and nearly no buyers. However, a robust vaccination program couple.....
Did Inflation Fears Push FTSE 100 Lower; Crude Oil Down 3%
May 14, 2021 04:31 AM AEST| By Team Kalkine MediaUS Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 46.42 points or 1.14 per cent higher at 4,109.30, Dow Jones Industrial Average Index surged by 429.63 points or 1.28 per cent higher at 34,0...
