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How the UK Markets’ performed after rising bond yields; Bitcoin tumbled below $50,000
February 27, 2021 08:27 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 6.89 points or 0.18 per cent higher at 3,836.23, Dow Jones Industrial Average I...
Bitcoin: A New Asset Class Or Greatest Bubble Of All Time?
February 27, 2021 08:01 AM AEDT| By Team Kalkine MediaSource: 3Dsculptor , Shutterstock Summary Bitcoin as a cryptocurrency does not completely fulfills the mandatory qualities of an asset class. Technology based on blockchain makes bitcoin attractive for online transactions and are immune t...
ECR Minerals: A Gold Exploration Company That Has Given 300% Return in A Year
February 26, 2021 11:51 PM AEDT| By Team Kalkine Mediaducing province of Australia, is in the midst of yet another gold rush ECR Minerals Plc (LON: ECR) is a budding gold exploration company, which is on its way to deliver the next ‘Multi-Million Ounce’ gold resource in Victoria, Austra...
Blue Origin, Virgin Galactic delay trip to space
February 26, 2021 11:01 PM AEDT| By Team Kalkine Mediaits spaceflight test from February 2021 to May 2021 due to corrective work going on. As per the reports, two major space ventures have postponed the schedules of their respective space trips. These include Jeff Bezos' Blue Origin, which delayed...
UK car sector seeks breather from Sunak in Budget 2021
February 26, 2021 06:25 PM AEDT| By Team Kalkine Mediay’s concerns are not met, it might miss on its environment goals as well. Car output in January for Britain dropped by 27 per cent year-on-year hit by dealership closures, global supply chain disruptions and change in trading terms wi...
Tesla (NASDAQ:TSLA) Competing With Fast-Growing China Based EVs
February 26, 2021 02:14 PM AEDT| By Mark O'DonnellSource: Ascannio ,Shutterstock Summary Investors in China based EV manufacturers hope the companies would build upon their success in China and grab some of Tesla’s global market share. The leading Chinese EV brand Nio has proved in...
3 Stocks Warren Buffett recently bought
February 26, 2021 10:05 AM AEDT| By Aayushsecond-largest mobile network carrier in the US for a total of US$617 million. Every quarter, fund managers holding more than US$100 million in assets under management needs to disclose their holdings to the Securities and Exchange Commission. ....
MicroStrategy spends US$1 billion to buy more Bitcoins
February 26, 2021 09:28 AM AEDT| By AayushSource:Yourg ,Shutterstock Summary MicroStrategy has bought 19,452 more Bitcoins for an average price of US$52,765 per Bitcoin, totalling to a whopping US$1 billion purchase. Now the company holds 90,531 Bitcoins with a current valuation of ar...
Bitcoin Mania- Bubble or Boom?
February 26, 2021 09:11 AM AEDT| By AayushSource: Phongphan,Shutterstock Every asset’s price that moves quite rapidly in a very short span of time often gets dragged into the debate of “Bubble or a Boom?”. Bitcoin has a history of encountering one of the biggest bubbles of...
Wall Street Ends Lower; What Weighed On Stocks
February 26, 2021 08:58 AM AEDT| By Team Kalkine MediaSource: G-Stock Studio, Shutterstock Summary S&P 500 fell 2.45%, NASDAQ dropped 3.52%, and Dow Jones shed 1.75%. Industrials, technology, consumer cyclical, energy, and real estate drag down indexes. US economy grew at 4.1% in the fo...
Did Mining and Energy Stocks Push FTSE 100 Higher; US 10-Year Bond Yield Zoomed by 10%
February 26, 2021 08:53 AM AEDT| By Team Kalkine MediaCopyright © 2021 Kalkine Media Pty Ltd. US Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 87.89 points or 2.24 per cent lower at 3,837.54, Dow Jones Industrial Average Index dipped by 50...
FTSE 100 Trades Marginally Higher While GBP Stalls Above 1.41
February 26, 2021 02:11 AM AEDT| By AbhijeetThe UK stock market traded marginally higher in the early afternoon deals on Thursday, 25 February, as investors pursued cautiously following the ongoing corporate earnings with Standard Chartered Plc (LON: STAN) reporting a more than 60 per...
UK border delays post-Brexit getting worse, claims study
February 25, 2021 11:40 PM AEDT| By Team Kalkine MediaGetting goods into the UK from the European Union (EU) has become more chaotic and bothersome for traders post-Brexit, a study has found. Importing and exporting goods from and to the EU have been marked by rampant delays and might end up c.....
UK services show large improvement in outlook: CBI survey
February 25, 2021 07:31 PM AEDT| By Team Kalkine Mediaetail sales dropped in the year to February as stores slashed jobs rapidly. The businesses and professional services firms have shown their biggest improvement in outlook in over five years a survey stated. However, the consumer services compani...
Square (NYSE:SQ) Bitcoin Stake Reaches US$220 Million
February 25, 2021 03:49 PM AEDT| By Mark O'DonnellroStrategy’s CEO believes Bitcoin could be worth US$100 trillion one day. Square Inc (NYSE:SQ) has recently reported the purchase of US$170 million worth of Bitcoin. The announcement coincides with the release of the merchant payment compa...
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Is GameStop (NYSE:GME) Rallying Again?
February 25, 2021 12:39 PM AEDT| By Mark O'Donnelltop after testifying before the House Financial Services Committee. The share price of the gaming retailer GameStop Corp (NYSE:GME) was halted at US$91.71 with half an hour left in trading yesterday on the NYSE. The closing price presents ~104%...
How the UK markets’ performed amid stamp duty extension reports; Dow Jones up by over 200 points
February 25, 2021 08:51 AM AEDT| By Team Kalkine MediaCopyright © 2021 Kalkine Media Pty Ltd. US Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 27.83 points or 0.72 per cent higher at 3,909.20, Dow Jones Industrial Average Index surged by...
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US Stocks Roar Back on Fed Reassurance, Recovery Hopes
February 25, 2021 08:39 AM AEDT| By Team Kalkine MediaBrands, and others to present earnings reports after markets close. After a brief lull, US stock markets came back strongly to end the session higher on Wednesday, driven by hopes of a faster economic recovery and Fed chief’s reassurances...
Government announces £700-mn booster for getting children back to schools
February 25, 2021 01:15 AM AEDT| By Team Kalkine MediaThe government on Wednesday announced a multi-million relief package for the education sector to ascertain a comprehensive recovery as England readies to exit the national lockdown. The funding support has been announced afte.....
Federal Reserve says US unemployment scenario far worse than seen
February 24, 2021 11:56 PM AEDT| By Team Kalkine MediaSource: Shutterstock Summary Federal Reserve chair Jerome H. Powell said that the US economic revival is incomplete and uneven. Powell said unemployment rate of 6.3% does not give the full picture of the .....
