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US Fed sounds warning over rising asset prices
May 07, 2021 12:14 PM AEST| By Furquan MoharkanSummary Fed warns of potential ‘significant decline’ in the asset prices. Fed governor calls for stronger safeguard. The US apex bank also warns about potential deterioration in the asset quality. The US Federal Reserve (Fed) .....
Why EV revolution may not be as green as we think
May 07, 2021 11:48 AM AEST| By Team Kalkine MediaSummary Electric vehicles (EVs) have witnessed a ground-breaking journey in the past one year. The need for green energy coupled with technological advancements have steered the EV revolution. The battery metal production process poses serious.....
PayPal, Square Ride High On Strong Digital Payments
May 07, 2021 11:15 AM AEST| By Team Kalkine MediaDigital payments behemoth PayPal Holdings, Inc. (NASDAQ: PYPL) and Square, Inc. (NYSE: SQ) reported stellar first-quarter results amid the government’s stimulus payments and bitcoin transactions. While PayPal posted significant growth in its.....
CRH PLC (LON: CRH) Price Hovers Around Record High, Will it Continue to Shine?
May 07, 2021 10:49 AM AEST| By Team Kalkine MediaSummary CRH has outperformed the index and generated ~15.91 percent return in the last 3 months. Post breaking out of a crucial resistance level, the stock hit a new lifetime high and now taking major support from the 50-period simple moving av.....
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FTSE 100 edged higher after the UK services sector grew at the fastest pace since 2013
May 07, 2021 04:22 AM AEST| By Team Kalkine MediaUS Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 14.20 points or 0.34 per cent higher at 4,181.79, Dow Jones Industrial Average Index surged by 188.24 points or 0.55 per cent higher at 34,4...
Ether Hits New High Today. Can It Cross $5,000 Soon?
May 07, 2021 02:37 AM AEST| By AnujEther coin achieved a new high of US$ 3,545.2 apiece for the first time on Thursday, May 6. The second largest blockchain network has been recording record highs since the last week of April 2021. The Ethereum network registered fund inflows of US$ 3...
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Bank of England Sees UK’s Economic Growth At 7.25% In 2021
May 07, 2021 01:40 AM AEST| By Suhita PoddarSummary BoE has kept the interest rate unchanged at the existing all-time low level of 0.1 per cent The BoE’s May Monetary Policy Report noted that the economic activity picked up a stronger momentum during the recent months than was earl.....
FTSE 100 remains lackluster even as BoE holds rate at record low
May 07, 2021 01:28 AM AEST| By AbhijeetUK shares traded marginally higher in the late afternoon deals on Thursday, 6 April, even after the Bank of England left the interest rate unchanged at a record low of 0.1 per cent. Governor Andrew Bailey led nine-member Monetary Policy Committee (.....
Will Honeywell International Inc.’s Prices Scale New Highs?
May 07, 2021 12:35 AM AEST| By Team Kalkine MediaSummary HON’s prices are trading above resistance turned support level on the daily chart and getting support from the 50-period Simple Moving Average (SMA). HON outperformed its peer and generated ~42 percent return in the last 9 months.....
UK services sector records highest reading since 2013
May 06, 2021 11:49 PM AEST| By AbhijeetContinuing the growth trend in 2021, the UK services sector bounced back sharply in April, largely driven by a meaningful surge in the consumer, as well as business spending. According to the IHS Markit/CIPS, the UK Services PMI rose to 61 in April.....
Auction House to Accept Bitcoin and Ether as Payment for Banksy Auction
May 06, 2021 08:21 PM AEST| By Team Kalkine MediaSummary An auction house has announced it will accept cryptocurrency at an upcoming auction for an art piece by legendary artist Banksy. This will mark the first time Sotheby’s will accept cryptocurrency as a payment mode for a painting. .....
Bitcoin Emerging from the Underground: New Innovations to Allow Banks to Deal with Bitcoin Directly
May 06, 2021 07:10 PM AEST| By Team Kalkine MediaSummary Banks can now offer customers the ability to purchase, sell and hold Bitcoin after fintech leader FIS partnered with cryptocurrency technology firm NYDIG. The new collaboration would allow banks to provide Bitcoin services within their .....
Biden Backs Waiver of Patent for COVID-19 Vaccines, Pharma Companies Don’t Like It That Much?
May 06, 2021 05:24 PM AEST| By ManikaIn a big development, Joe Biden, the US President, has supported the waiver of intellectual property rights for COVID-19 vaccines. This would enable the poor countries to manaufacture those vaccines in their territories. While some called it bowing...
Back with a bang after a two-day gap, Japan shares lead APAC rally
May 06, 2021 02:54 PM AEST| By Furquan MoharkanOpening after a two-day holiday, the Japanese shares on Thursday surged even as investors kept their eyes peeled for US jobs report due this week to gauge how long the Federal Reserve (Fed) will stay on hold. Japan’s Nikkei 225 was up by 185.....
Unemployment In Urban India Nearing Double-Digit Mark As COVID-19 Crisis Deepens
May 06, 2021 01:39 PM AEST| By Furquan MoharkanIndia has been reeling under the horror of the deadly second wave of the pandemic since last few weeks now. However, this Wednesday saw the country grappling with a new low, weighed down by a gloomy set of statistics on two additional fronts. On 5 .....
Jeff Bezos sells Amazon shares worth US$2.5 billion in May
May 06, 2021 12:37 PM AEST| By Furquan MoharkanThe world’s richest man, Jeff Bezos, has sold 739,032 shares of the company that he founded – Amazon Inc (NASDAQ: AMZN) – for US$2.49 billion. Source: OpenInsider. Kalkine Graphics According to the filings with the US Securiti.....
GM Expects Strong First Half; Uber Cuts Q1 Loss On Food Delivery Growth
May 06, 2021 10:44 AM AEST| By Team Kalkine MediaSummary GM CEO Mary Barra said the company anticipates a strong first half with adjusted EBIT around US$5.5 billion. Uber’s gross booking in food delivery jumped 166 percent year over year to US$12.5 billion. General Motors Company (.....
Uber, Lyft Stocks Tumble As Biden Scraps Trump-Era Gig Worker Rule
May 06, 2021 09:48 AM AEST| By Team Kalkine MediaSummary Defending the decision, Labor Secretary Marty Walsh said the new policy would help protect essential workers' rights. Uber was down 3.42% to US$51.18, Lyft tumbled 6.34% to US$52.63, and DoorDash declined 5.05% to US$128.39 at the marke.....
Mining Shares Lifted FTSE 100 Above 7,000 Level; CAC 40 up 1.40%
May 06, 2021 04:23 AM AEST| By Team Kalkine MediaUS Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 19.96 points or 0.48 per cent higher at 4,184.62, Dow Jones Industrial Average Index surged by 156.94 points or 0.46 per cent higher at 34,2...
FTSE 100 Holds Above 7,000 as Investors Regather Optimism
May 06, 2021 02:59 AM AEST| By AbhijeetUK shares recorded a meaningful rise on Wednesday, 5 May, with the benchmark FTSE 100 rallying more than 1 per cent to reclaim the psychological level of 7,000. The index breached the level within the opening hours of trade as investors rushed in a.....
