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Coinbase’s CEO can make billions more after the company goes public
March 08, 2021 05:47 PM AEDT| By Team Kalkine MediaSource: Momentum Fotograh, Shutterstock Summary Coinbase recently announced its plans to engage in a direct listing instead of IPO. The crypto exchange could hit a US$100-billion valuation. Brian Armstrong could make billions more if Coinbase...
Merck/Ridgeback’s COVID-19 oral drug shows promising Phase 2 data
March 08, 2021 03:25 PM AEDT| By Team Kalkine MediaSource:zstock,Shutterstock American pharmaceutical behemoth Merck (NYSE:MRK) and Ridgeback Biotherapeutics LP disclosed preliminary findings from Phase 2a double-blind, placebo-controlled, randomised trial for evaluating the safety, tolerability, an...
Social Media Buzz: What Is VanEck Vectors ETF?
March 08, 2021 02:52 PM AEDT| By Mark O'DonnellSource: Peshkova ,Shutterstock A new ETF was launched last Thursday in the US. The ETF is designed to track the stocks receiving considerable social media mentions and attention. VanEck Vectors Social Sentiment ETF (BUZZ:NYSE Arca) is comprised...
Who topped the list of US Economic Freedom Index, who got axed
March 08, 2021 12:56 PM AEDT| By SonalSource: MotionEmo,Shutterstock Summary Heritage Foundation unveiled its annual ranking of freest economies in the world. Singapore tops the list with Vietnam stepping into moderately free category for the 1st However, Hong Kong was remov...
Will New Caledonian Deal Allay Tesla's Nickel Shortage Fears?
March 08, 2021 12:53 PM AEDT| By Team Kalkine MediaSource: franz12,Shutterstock Summary Tesla has secured greater control over nickel supply with the execution of a partnership with the New Caledonian government. The decision comes amid surging demand for electric vehicles and growing con...
Bitcoin Stays Below $50,000 As Worries Over Digital Yuan Resurface
March 07, 2021 09:09 PM AEDT| By Abhijeetrsquo;s expected launch of a CBDC has seemingly jeopardised the prospects of crypto-assets Bitcoin has been trading below the level of $50,000 for the last couple of days as worries surrounding the introduction of digital yuan resurfaced with th...
EU To Ask the US to Export AstraZeneca/Oxford Vaccine: Report
March 07, 2021 08:58 PM AEDT| By Suhita Poddarn programme in December but is lagging behind the UK and US due to a shortage of jabs. Unable to address the supply shortage of AstraZeneca’s Covid-19 vaccines, the European Union has turned to the United States to export the millions of d...
US President Biden rejoices as Senate clears $1.9 trillion Covid-19 relief package
March 07, 2021 04:41 PM AEDT| By Team Kalkine MediaSource: alafarm, Shutterstock Summary President Biden praised the efforts of the administration as Senate approved the $1.9 trillion relief package The unemployment benefits to the tune of $300 have been extended until September 2021 The...
What Brought Greensill Capital To the Brink of Insolvency Within Days?
March 07, 2021 02:16 PM AEDT| By AbhijeetSource: Indypendenz, Shutterstock Summary Greensill Capital is at the risk of insolvency, revealed documents produced in a court. The documents highlighted discrepancies in its £5.55-billion insurance of loans to its customers. &nbs...
US Stocks Edge Higher On Positive Jobs Report, Stimulus Hopes
March 06, 2021 12:19 PM AEDT| By Team Kalkine MediaSource: solarseven, Shutterstock Summary S&P 500 gained 1.95%, Dow Jones was up 1.85%, and NASDAQ added 1.55%. Senate finalizes President Joe Biden’s US$1.9 trillion relief bill for approval. Brent crude oil futures rise as OPEC &am...
How the UK Markets’ performed after oil prices rallied by over 3%?
March 06, 2021 04:06 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 38.73 points or 1.03 per cent higher at 3,807.20, Dow Jones Industrial Average Index su...
Electric Vehicles Then & Now: Tracing The Near 200-Year History
March 06, 2021 02:55 AM AEDT| By Shreya Biswas©Kalkine Group 2021 What’s the first thought that comes to your mind when you think ‘electric vehicle’? Expensive? Eco-friendly? Sleek? Have you ever thought, “Hmm, that’s from a couple of hundred years ago,&rdqu...
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FTSE 100 Leaps in Green as GBP Slips Below 1.38 Vs USD
March 06, 2021 12:04 AM AEDT| By AbhijeetCopyright © 2021 Kalkine Media Pty Ltd. Summary At around 1220 GMT, the FTSE 100 traded 0.31 per cent higher at 6,671.69. Continuous drop in house prices seemingly aided share markets, average house prices dropped 0.1 per cent in February...
What Led to the Sudden Fall in LSE (LON: LSEG) Stocks?
March 06, 2021 12:01 AM AEDT| By Suhita Poddaridend increase after the completion of its acquisition of data company Refinitiv. The London Stock Exchange Group Plc’s (LON: LSEG), on Friday, 5 March announced its preliminary results for the financial year ending 31 December 202...
Can Stocks Beat Inflation and Bond Worries To Wrap Up The Week?
March 05, 2021 09:31 PM AEDT| By Ipsita SarkarSource: macgyverhh, Shutterstock Summary Rising treasury bond yields may continue to play spoilsport for the stock markets. Improvement in the economy has opened doors for other investment options. Fed likely to maintain an easy monetary poli...
Fed’s Dovish Stance Shoots Up Greenback to Three-Month High
March 05, 2021 08:01 PM AEDT| By Daminir currencies like New Zealand and Australian dollars slumped along with equities. Giving an end to growing speculations that the US Federal Reserve will pull back policy support earlier than expected, Fed Chair Jerome Powell recently reiterated...
Budget 2021: What did Rishi Sunak miss out?
March 05, 2021 07:19 PM AEDT| By Team Kalkine Mediaange. The Budget has not touched upon social care funding proposals. On Wednesday, Chancellor Rishi Sunak read out how the government would plan its spending and taxation for the next year. He announced a slew of measures including the extensio...
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Tsingshan supply deal slows down Nickel bulls
March 05, 2021 06:29 PM AEDT| By Team Kalkine Mediael prices had rallied in 2020, backed by the global electric vehicle revolution. Copyright © 2021 Kalkine Media Pty Ltd LME nickel tumbled to a three-month low of more than 8% on Thursday, while Shanghai nickel witnessed the steepest fal...
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FTSE 100 Set to Open Lower as Global Markets Tumble
March 05, 2021 06:16 PM AEDT| By Abhijeetfixed a spot exchange rate of 1.3974 USD and 1.1575 EUR against a unit of pound sterling on 3 March. FTSE 100 is likely to open on a negative footing on Friday, 5 March, as fears surrounding an earlier-than-expected hike in the interest rates by...
Did you miss these updates on Oxford University-AstraZeneca’s COVID-19 Vaccine?
March 05, 2021 03:34 PM AEDT| By Team Kalkine MediaSource:Viacheslav Lopatin,Shutterstock Summary German vaccination authority has given the green light to Oxford-AstraZeneca’s COVID-19 vaccine for use in seniors. Canada has received the initial shots of the Oxford-AstraZeneca COVID-19 v...
