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FTSE 100 Stays in Red as Renewed Covid Tensions Hit Markets
March 24, 2021 09:45 PM AEDT| By Team Kalkine MediaCopyright © 2021 Kalkine Media Pty Ltd. Summary FTSE 100 traded in the negative region on Wednesday on renowned Covid worries The index tumbled 0.74 per cent to an intraday bottom of 6,649.37 Barring Swiss SMI, all major European indices...
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Abu Dhabi To Invest Billions in the UK; 3 Varied Sector Stocks That Could Benefit
March 24, 2021 09:42 PM AEDT| By Suhita PoddarSource: Freedomz, Shutterstock Summary Abu Dhabi would be partnering with Britain to invest in the infrastructure, clean energy, and technology space in the UK. UAE’s most active fund Mubadala would be investing £800 million in lif...
Trustpilot Valuation Comes At £1.1 Billion; Three Other Big IPOs In Queue
March 24, 2021 05:27 PM AEDT| By Suhita PoddarSource: AnotherPerfectDay, SHutterstock Summary Consumer reviews website Trustpilot on Tuesday announced that its IPO happened at 265p-per-share. The company’s valuation came at £1.1 billion as it plans to launch 161 million shares...
Can Bitcoin serve as an effective balm for inflation injuries?
March 24, 2021 03:46 PM AEDT| By AayushSource: Momentum Fotograh, Shutterstock Summary Hardcore Bitcoin enthusiasts say cryptocurrencies is the world’s best hedge against inflation, programmed to have a limited supply. An interesting relegation of a report is that just 2...
Hyundai And Singtel Sign an MoU On Smart Mobility
March 24, 2021 01:56 PM AEDT| By Team Kalkine MediaSource: Mameraman,Shutterstock Summary Hyundai and Singtel Group have signed an MoU to collaborate on 5G-enabled smart manufacturing & connectivity for electric vehicle battery subscription service. The collaboration would merge Hyund...
Now, You Can Pay In Bitcoins To Buy Tesla Cars
March 24, 2021 10:31 AM AEDT| By Team Kalkine MediaSource: Vitaliy Karimov, Shutterstock Summary Tesla becomes first auto major to allow the digital currency for car purchase in the US. The electric carmaker invested US$1.5 billion in Bitcoin in February. Tesla chief Elon Musk people in...
US Stocks Slip After Fed Chairman’s Comments
March 24, 2021 08:41 AM AEDT| By Team Kalkine MediaSource:ramcreations, Shutterstock Summary S&P 500 ticked down 0.76%, Dow Jones shed 0.94%, NASDAQ plunged 1.12%. Amazon to sell stake worth US$148 million in food delivery start-up Deliveroo. SoftBank-backed US real estate firm Compass ai...
How FTSE 100 fared after the UK imposed stringent travel curbs?
March 24, 2021 08:37 AM AEDT| By Team Kalkine MediaSource: Copyright © 2021 Kalkine Media Pty Ltd. US Markets: Broader indices in the United States traded on a mixed note - particularly, the S&P 500 index traded 6.81 points or 0.17 per cent higher at 3,947.40, Dow Jones Industrial Average I...
Jack Dorsey’s Tweet NFT Rakes In $2.9M, Will Musk Sell His NFT?
March 24, 2021 08:33 AM AEDT| By Anuj@Kalkine Media 2021 Twitter founder Jack Dorsey traded his first-ever tweet as a non-fungible token (NFT) for little over US$ 2.9 million on Monday, March 22. The tweet NFT was auctioned by US-based company Cent’s digital platform ‘Valu...
Why the UK Unemployment Rate Fell for The First Time Since the Pandemic
March 24, 2021 01:40 AM AEDT| By Suhita PoddarSource: Tong_stocker, Shutterstock Summary The Office for National Statistics reported that UK’s unemployment rate fell to 5% in January, beating the previous forecast of 5.2%. The December jobless rate was 5.1%. The number of payrolls...
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FTSE 100 Slides in Red Even as Unemployment Rate Improves To 5%
March 23, 2021 10:48 PM AEDT| By AbhijeetCopyright © 2021 Kalkine Media Pty Ltd. Summary FTSE 100 went further in the negative territory after opening lower The index fell of 0.91 per cent to an intraday low of 6,664.76 Unemployment rate in the UK dropped to 5 per cent in Janua...
Apple Inc. hit with a US$308.5 Mn fine for DRM patent infringement
March 23, 2021 01:03 PM AEDT| By Team Kalkine MediaSource: nui7711, Shutterstock Summary Global tech giant Apple Inc. to pay Personalized Media Communications for the infringement of a patent related to DRM (digital rights management). The jurors asked Apple to pay a running royalty depen...
US Markets Edge Higher After Tech, Cyclical Stocks Rally
March 23, 2021 08:43 AM AEDT| By Team Kalkine MediaSource:violetkaipa, Shutterstock Summary S&P 500 gained 0.70%, Dow Jones rose 0.32% and NASDAQ surged 1.23%. Canadian Pacific seals deal to acquire US cargo rail company Kansas City for US$25 billion. The 10-year Treasury bond yields drop...
How the UK Markets’ performed amid the EU-UK vaccine trade war?
March 23, 2021 07:43 AM AEDT| By Team Kalkine MediaSource: Copyright © 2021 Kalkine Media Pty Ltd. US Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 26.68 points or 0.68 per cent higher at 3,939.78, Dow Jones Industrial Average Index s...
Canada’s February ETF Sales Surge On Newly Launched Crypto ETFs
March 23, 2021 03:22 AM AEDT| By Shreya BiswasSource: DedMityay, Shutterstock Summary Of the C$ 5.8 billion that Canadian exchange-traded funds (ETFs) secured in net sales for the month of February, about C$ 1 billion is said to be coming into the newly launched cryptocurrency bitcoin fund...
Lens On 3 FTSE EV-Focused Stocks After Foxconn Shares Spike Up
March 23, 2021 12:22 AM AEDT| By Suhita PoddarSource: Nicole Lienemann, Shutterstock Summary Taiwan-based Foxconn’s shares jumped on Monday after news of early-stage partnership with Vietnam-based manufacturer Vinfast surfaced. The company aims to capture 10% of the global EV market...
Auto industry back on track? Detroit 3 posts robust Q4 results
March 22, 2021 07:07 PM AEDT| By Team Kalkine MediaSource:Jenson, Shutterstock Summary The Detroit 3 automakers - Ford Motor, General Motors, and Fiat Chrysler Automobiles - posted robust earnings in their fourth quarter ended 31 December 2020. Ford’s adjusted EPS during the three months...
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FTSE 100 Set to Open on A Muted Note Following Mixed Asian Cues
March 22, 2021 07:05 PM AEDT| By Team Kalkine MediaCopyright © 2021 Kalkine Media Pty Ltd. Summary FTSE 100 index is set to open lower following mixed trading in Asian equities on Monday The FTSE 100 March futures were down by 0.17 per cent London markets are awaiting cues from the ong...
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Is US FED Also Slipping Into a Liquidity Trap Like the Bank of Japan?
March 22, 2021 07:01 PM AEDT| By ManikaSource: Freedomz, Shutterstock Summary Federal Reserve (Fed) could be getting into a liquidity trap Fed Chairman, Jerome Powell said last week that America is officially trapped below zero After making all the efforts to keep the businesses a...
4 Drone Stocks From Across The World To Watch In 2021
March 22, 2021 01:55 PM AEDT| By Mark O'Donnellwing article details four drone companies working across the breadth of the industry. Drone technology has advanced to the point that serious consideration is being given to its commercial and industrial application. The drone industry is expect...
