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Apple Taps Bond Market for the Third Time Amidst Aggressive Share Buybacks and Dividends
February 03, 2021 01:08 PM AEDT| By Team Kalkine MediaApple Inc plans to sell USD 14 billion worth of bonds in order to take advantage of the current cheap borrowing cost, tapping the market for the third time since May 2020. while funding operations like share buybacks. Image Source: © Kalkine...
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Crude Oil Prices Stall, Will the Northward Move Continue?
February 03, 2021 12:01 PM AEDT| By Team Kalkine MediaCrude oil price rally has stalled with prices of Brent crude oil futures trading in a range of USD 55.00 to USD 57.50 per barrel. The surge in prices witnessed over the past couple of weeks could be primarily linked to the production cut as announce...
Will tough times force oil majors ExxonMobil and Chevron into a merger?
February 03, 2021 11:18 AM AEDT| By Team Kalkine MediaThe crude oil prices' dismal situation during the peak of COVID-19 got the chief executives of two major oil companies ExxonMobil (NYSE:XOM) and Chevron (NYSE:CVX) across the table to discuss a possible merger. According to medi.....
US stocks extend gains after GameStop reversal continues
February 03, 2021 08:45 AM AEDT| By Hina ChowdharyExtending gains to the second straight day, the US stocks jumped on Tuesday after a sharp reversal in GameStop’s stock value continued. The mania around speculative retail trading continued to ease in the market after the video game stock fel.....
London and US Markets’ Edged Higher; Dow Jones up by over 500 points
February 03, 2021 07:35 AM AEDT| By Kunal SawhneyUS Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 59.54 points or 1.58 per cent higher at 3,833.40, Dow Jones Industrial Average Index expanded by 530.78 points or 1.76 per cent high...
Eaton Corp Buys Cobham Mission Systems For £2 Billion
February 03, 2021 02:41 AM AEDT| By Kunal SawhneyAmerican Irish-domiciled multinational engineering firm Eaton Corporation Plc (NYSE: ETN) has bought British aerospace manufacturing company Cobham Limited’s air-to-air refuelling arm for £2 billion. The amount paid by Eaton for Co.....
Wheels Up eyes NYSE with enterprise value of $2.1 billion
February 03, 2021 01:18 AM AEDT| By Kunal SawhneyWheels Up, the New York-headquartered private aviation firm, has been eyeing to list on the New York Stock Exchange (NYSE) with the company notching an enterprise value of $2.1 billion after its merger with Aspirational Consumer L.....
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PM Johnson optimistic of UK summer holidays this year
February 02, 2021 08:46 PM AEDT| By Team Kalkine MediaSummary Boris Johnson is hopeful of the prospects of summer holidays this year, but only if the vaccine rollout goes well. While the lockdown is working fine, it was too early to ease restrictions, Johnson said. The travel indu.....
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FTSE 100 Seen Opening in Green as Global Equities Amplify Gains
February 02, 2021 06:49 PM AEDT| By Team Kalkine MediaThe UK share markets are set to open on a positive footing on Tuesday, 2 February, following the market-wide upsurge in the Asian stocks with global equities amplifying the gains. The rapidly progressing Covid-19 vaccination programme is seemingly re...
GME shares tank after short squeeze; 4Q earnings due
February 02, 2021 04:41 PM AEDT| By Team Kalkine MediaGameStop shares lost track on Monday in the US, closing nearly 31% lower at $225. In the after-hours trading, the stock took a further plunge of 15.77%. The recent momentum in silver prices has also cooled off after CME raised margins on the precio.....
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Robinhood raises USD 3.4B to support its burgeoning customer base
February 02, 2021 03:56 PM AEDT| By Hina ChowdharyOnline trading app Robinhood had an exceptional run during the pandemic as it experienced exponential growth last year. To invest in its growing customer base, the fintech company raised USD 3.4 billion through a private placement. The funding come.....
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Silver lining for Wall Street: US shares rebound as silver gets attention
February 02, 2021 09:04 AM AEDT| By Kunal SawhneyThe US shares rebounded on Monday after retail traders shifted their focus to silver, driving up mining stocks. The quick recovery comes after a steep slump in the benchmark Wall Street indices amid concerns around speculative trading frenzy and no.....
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FTSE 100 surged by 0.92%, led by rally seen in general retailers and mining shares
February 02, 2021 05:20 AM AEDT| By Team Kalkine MediaUS Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 22.05 points or 0.59 per cent higher at 3,736.29, Dow Jones Industrial Average Index expanded by 81.59 points or 0.27 per cent higher at 30,...
UK Seeks to Join the Trans-Pacific Trade Group, A Year After Exiting EU
February 02, 2021 12:34 AM AEDT| By Hina ChowdharyThe United Kingdom formally applied to join the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) trading bloc on Monday to increase its trade partnership with the Asia-Pacific region. The move follows after the UK exited the .....
More Borrowing & Disinvestments in India’s 2021 Union Budget
February 01, 2021 11:31 PM AEDT| By Kunal SawhneyCanada and the US, which have a significant population of Indian origin, showed a keen interest in India’s annual budget presented in parliament on Monday by Finance Minister Nirmala Sitharaman. The Indian budget has drawn keen inter.....
Is Silver the Next Big Bet on Wall Street?
February 01, 2021 09:54 PM AEDT| By Team Kalkine MediaThis time Wall Street bet traders have targeted the precious metal silver. Users on the Reddit forum Wall Street bets have been making a case for buying silver to try and push its prices higher. Notably, prices of silver are often manipulated. The.....
Make UK urges the British government to address Brexit border delays
February 01, 2021 08:31 PM AEDT| By Team Kalkine MediaMake UK, the manufacturers’ union of the United Kingdom, has urged the government to address Brexit border delay issues that have been causing supply chain disruptions for British companies. (I.....
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Covid-19 shots offered to all older residents of care homes in England, claims NHS
February 01, 2021 07:53 PM AEDT| By Team Kalkine MediaSummary The National Health Service has said that official figures will confirm that the coronavirus vaccine has been delivered to every old care home resident in England. UK PM Boris Johnson has called this a significant milestone of the natio.....
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FTSE 100 likely to start higher, GBP scales past 1.37 vs USD
February 01, 2021 07:10 PM AEDT| By Team Kalkine MediaUK stock markets are expected to open higher on Monday, 1 February, tracking the upbeat Asian cues with Japanese Nikkei 225 advancing more than 1.5 per cent in the final hours of trading. The Great Britain pound (GBP) once again went past 1.37 agains...
Indian Government Proposes Ban on Cryptocurrency, What It Could Mean for Investors?
February 01, 2021 05:04 PM AEDT| By Kunal SawhneyThe cryptospace is poised to witness a drastic change with the introduction of a new bill in the Indian Parliament, seeking to bar all private cryptocurrencies in the Asian country. Parliamentary Bill to Ban Cryptocurrency Across India The Indian...
