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How GameStop short squeeze roiled Wall Street
February 01, 2021 02:57 PM AEDT| By Kunal SawhneyThe US stock market, beginning January 2021, witnessed a ‘short squeeze’ on select stocks such as GameStop amid a coordinated effort by retail investors on Reddit to keep their prices higher. Since the stock prices skyrocketed in no tim.....
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US shares end worst week since October; Dow down over 600 points
February 01, 2021 09:23 AM AEDT| By Team Kalkine MediaThe US benchmark equity indices closed Friday’s trade on a negative note after a rally in select stocks such as GameStop triggered volatility. The shares of GameStop surged nearly 68 per cent on Friday and 400 per cent last week. The stock ro.....
Gold Had A Terrific 2020; How Did Platinum Fare?
January 31, 2021 12:33 AM AEDT| By Kunal SawhneyThe emphatic gold rally was seen at the start of 2020 in various parts of the world because of its limited supply and high demand as a safe-haven investment. COVID-19-driven lockdowns induced financial droops, globally, which further added.....
Bitcoin Zooms Over US$38,000 Over Elon Musk’s New Twitter Profile Bio
January 30, 2021 03:02 PM AEDT| By Kunal SawhneyBitcoin (BTC) soared over US$ 38,000 per BTC on the back of Tesla (TSLA:US or NASDAQ: TSLA) CEO and founder Elon Musk’s new Twitter profile bio description ‘#bitcoin’. The largest crypto token flew from US$ 32,000 to US$ 36000 in.....
British and European Markets’ Traded Lower; Marston’s Plc Stock Soared by 10.03%
January 30, 2021 04:42 AM AEDT| By Team Kalkine MediaUS Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 80.54 points or 2.13 per cent lower at 3,706.84, Dow Jones Industrial Average Index contracted by 614.77 points or 2.01 per cent lower at 29,9...
What Is Litecoin? How To Buy It?
January 30, 2021 01:30 AM AEDT| By Hina ChowdharyLitecoin is a private cryptocurrency that offers peer-to-peer payment service across the world. It claims to be a hassle-free gateway and has no regulatory obligations. The virtual coin was created in 2011 by Charlie Lee, former Google and .....
Mission Possible Partnership brings 400 global leaders to accelerate worldwide decarbonisation
January 30, 2021 01:23 AM AEDT| By Team Kalkine MediaThe Mission Possible Partnership (MPP), another alliance framed to quicken the decarbonisation of worldwide industries addressing 30% of worldwide emissions was launched on 27 January 2021, at the Davos Agenda. The MPP was formed on the back of fo.....
Novavax shares spurt 35% afterhours as its Covid vaccine shows 89% efficacy
January 29, 2021 11:53 PM AEDT| By Kunal SawhneySummary Novavax share price soared more than 35 per cent after-hours on Nasdaq after vaccine indicated promising efficacy results. The stock of Novavax has already registered a gain of more than 1,800 per cent in the last 12 months. Shares.....
German software company SAP SE (NYSE: SAP) announces results
January 29, 2021 11:17 PM AEDT| By Team Kalkine MediaGermany-headquartered multinational software company SAP SE (NYSE: SAP) released its results for the fourth quarter of FY 2020 along with the full year results on Friday, 29 January. The report highlighted that the.....
Crypto Exchange Coinbase Takes Direct Listing Route For Public Debut
January 29, 2021 10:40 PM AEDT| By Kunal SawhneyCryptocurrency exchange Coinbase Inc is planning to go public via the traditional direct listing route, it revealed in a blog post on Thursday, January 28. The US-based company has already submitted a draft registration form with the U.S. Securitie.....
Hottest Stock of The Year So Far, Gamestop Plunge as Platforms Block Trading
January 29, 2021 08:51 PM AEDT| By Team Kalkine MediaShares of US high street shop that sells games, consoles, and other electronics, GameStop Corp (NYSE: GME) nosedived by 55 per cent as trading platforms such as Robinhood and Interactive Brokers curbed buying of shares in the US games firm. The ban.....
Brexit fallout: Businesses ask government to resolve customs issues at UK ports
January 29, 2021 07:19 PM AEDT| By Team Kalkine MediaBusiness leaders across the UK have warned the government about their members facing difficulties at the national ports post Brexit deal got implemented. If this situation continues as is, industry could face significant financial losses, warned th.....
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FTSE 100 Set to Open Lower as Global Equities Extend Losses
January 29, 2021 07:16 PM AEDT| By Team Kalkine MediaUK stock markets are expected to start on a negative footing on Friday, 29 January, as global equities extended the losses in the early session continuing the weekly drop. The futures linked to FTSE 100 were trading one per cent lower, indicating a n...
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Is Robinhood Saving the Rich and Robbing the Poor?
January 29, 2021 04:27 PM AEDT| By Team Kalkine MediaThe year 2020 had been extraordinary for Robinhood, an online trading app that attracts the young and mostly first-time investors to its commission-free platform. It is especially designed to tempt the new video game-loving generation. Image sou.....
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Retail brokers block long trades on GameStop shares
January 29, 2021 04:20 PM AEDT| By Team Kalkine MediaFollowing days of wild frenzy, US games firm GameStop’s shares crashed 44% on Thursday. However, the stock also touched over $490 during the day. More importantly, GME stock was up 61.15% in the after-hours trading. Source © Kalkine G.....
General Motors to bid adieu to Gasoline and Diesel-powered Vehicles by 2035
January 29, 2021 03:42 PM AEDT| By Team Kalkine MediaGeneral Motors Co, the one of the largest automakers across the world, has announced that it would end sales of gasoline and diesel light-duty vehicles including its new cars, SUV’s, and light pickup trucks by 2035 and eventually shift towards...
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How did Melvin Capital end up blowing $3.75 Billion?
January 29, 2021 01:43 PM AEDT| By Team Kalkine MediaThere’s a company called GameStop which had made a fortune selling video games from its physical stores in the 2000s. However, this is not 2000s and the physical games business has been completely overshadowed by digital space. Considering t.....
What’s Panning Out in the Cryptospace, Is a Reversal on Cards for Bitcoin?
January 29, 2021 01:35 PM AEDT| By Kunal SawhneyWhat’s Panning Out in the Cryptospace, Is a Reversal on Cards for Bitcoin? Bitcoin prices seem to be finally taking a breather from the speculative sell-off seen in the digital currency over the news of double spent. To Know More, Do Read: B...
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US stocks recover from slump; Dow gains over 300 points
January 29, 2021 09:00 AM AEDT| By Kunal SawhneyThe US stocks rebounded on Thursday even as the latest economic data was below expectations. The benchmark equity indices recorded their worst decline in three months in the last session. While S&P 500 gave up its returns in 2021, Dow Jones pos.....
FTSE 250 Index Ended Marginally in Green; Dow Jones up by over 500 points
January 29, 2021 07:43 AM AEDT| By Kunal SawhneyUS Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 72.52 points or 1.93 per cent higher at 3,823.29, Dow Jones Industrial Average Index expanded by 544.69 points or 1.80 per cent higher at 30...
