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All Crypto Transactions Are Illegal, Says China's PBOC
Cryptocurrency

All Crypto Transactions Are Illegal, Says China's PBOC

Highlights The People’s Bank of China (PBOC) has said that as cryptocurrencies don’t form a part of the payment system. On Friday, Bitcoin was perhaps one of the first one to react to the statement as its prices immediately dropped ...

PBOC Says All Crypto-Related Transactions Are Illegal
Cryptocurrency

PBOC Says All Crypto-Related Transactions Are Illegal

In a major crackdown on the cryptocurrency market, China’s central bank, The People’s Bank of China, announced that all the cryptocurrencies in the country will now be deemed illegal and should be banned from trading. The People’...

7 Roadblocks every EV customer is facing
World News

7 Roadblocks every EV customer is facing

Highlights  Electric car sales touched 2.1 million worldwide, surpassing the numbers in 2018. EV adoption is gaining pace across the globe, but there are numerous roadblocks to the adoption of EVs by customers. Overcoming these challenges...

Why China Evergrande Group shares sank 12% today
World News

Why China Evergrande Group shares sank 12% today

Highlights China Evergrande Group shares nosedived over 12% on Friday. The stock has tumbled 46% in past one month and 83% since the beginning of this year. The real estate giant’s debt deadline for US$83.5 million interest payment elaps...

How soaring inflation might sway interest rates
World News

How soaring inflation might sway interest rates

Highlights The BoE and Fed have indicated rate hikes and taper early next year. The RBA has already truncated its bond buying programme. Inflation is pushing central banks to adopt hawkish policy. Inflation is running hot and it may drive...

Did you miss these one-year gains on Ethereum?
Cryptocurrency

Did you miss these one-year gains on Ethereum?

Ethereum has cemented its place in the crypto world as the world’s first programmable money. Being the second largest cryptocurrency in the world, Ethereum surpassed Bitcoin in terms of the crypto’s price rise during early 2021. Such m...

How much would you have made in Bitcoin in one year?
Cryptocurrency

How much would you have made in Bitcoin in one year?

Bitcoin has been the star of the cryptocurrency realm, with all eyes fixed on the price movements of the internet’s favourite cryptocurrency. The previous year has been exceptional for Bitcoin owing to some major developments affecting its pr...

Internet sensation Chloe Clem to sell her iconic meme as NFT
Cryptocurrency

Internet sensation Chloe Clem to sell her iconic meme as NFT

The famous meme girl “Side-eyeing Chloe’’ is selling her “disapproving look” meme – an iconic reaction photo used as meme over the internet -- as an NFT. Representative Image Source: © Jirsak | Megapixl.c...

  • September 23, 2021 11:51 PM PDT
  • Samta
Micro Investing Apps: What You Need to Know
Personal Finance

Micro Investing Apps: What You Need to Know

Today, people want to receive stable wages and have the possibility of passive income. That is why micro-investing is becoming more popular in the world than ever. Moreover, this tool is available to everyone. Surprisingly, it is true that just a cou...

Debt, mortgage and collateral: Decoding the jargons
World News

Debt, mortgage and collateral: Decoding the jargons

The Evergrande fiasco has brought back the focus on debt, a term that motivates as well as scares people. The Chinese property developer, hit by a severe liquidity crunch, sits on a pile of debt worth US$305 billion – 2.1% of the country&rsquo...

MEDIROM (MRM) stock surged 73%, Eargo (EAR) tanked 68% on Thursday
Healthcare Stocks

MEDIROM (MRM) stock surged 73%, Eargo (EAR) tanked 68% on Thursday

Highlights MEDIROM Healthcare Technologies Inc (NASDAQ: MRM) agreed to acquire all the shares of Japanese hair salon operator ZACC Kabushiki Kaisha.  Eargo, Inc. (NASDAQ: EAR) stock tanked nearly 68% on Thursday on the news of a ...

Earnings Alert: Accenture (ACN), Nike (NKE) post strong revenue growth
Stock Market

Earnings Alert: Accenture (ACN), Nike (NKE) post strong revenue growth

Highlights Accenture plc’s (NASDAQ: ACN) revenue was US$13.41 billion in Q4, FY21, compared to US$10.83 billion in the year-ago quarter. Nike, Inc’s (NYSE: NKE) revenue surged 16 percent YoY to US$12.24 billion in Q1, FY22. Accentu...

Argo Plc (ARBK) stock jumps 13% in NASDAQ debut
IPO

Argo Plc (ARBK) stock jumps 13% in NASDAQ debut

Highlights Argo Blockchain Plc (Nasdaq: ARBK) stocks soared 13.20% in Nasdaq debut. The London-based blockchain company raised US$112 million in an IPO. Argo owns land in Texas, where it will construct a crypto mining facility. The stock...

US stocks march on, lifted by business optimism
Market Updates

US stocks march on, lifted by business optimism

Benchmark US indices closed higher for the second consecutive day on Thursday, September 23, lifted by positive sentiments from Fed’s economic outlook. The S&P 500 was up 1.21% to 4,448.98. The Dow Jones rose 1.48% to 34,764.82. The NASDAQ...

With chipmakers in the spotlight, here’s a peek at five of them
Technology Stocks

With chipmakers in the spotlight, here’s a peek at five of them

Highlights Advanced Micro Devices, Inc. (NASDAQ: AMD) has a P/E ratio of 37.96 and a forward P/E one-year of 45.98. The stock raked in 16.06% YTD.  NVIDIA Corporation (NASDAQ: NVDA) has a forward P/E one year ratio of 61.46. The stock gain...

Top five communication stocks that rode the Q2 rebound
Communication Stocks

Top five communication stocks that rode the Q2 rebound

Highlights Facebook, Inc’s (NASDAQ: FB) revenue rose 56% YoY in Q2, FY21. Alphabet Inc’s (NASDAQ: GOOGL) revenue increased by 62% YoY in Q2, FY21. The net income of Netflix Inc. (NASDAQ: NFLX) was US$1.35 Bn in Q2, FY21. The c...

ONTX stock dives 16%, DVAX stock in green after clinical data
Healthcare Stocks

ONTX stock dives 16%, DVAX stock in green after clinical data

Highlights Onconova Therapeutics, Inc. (ONTX) stock shot up nearly 29% to close at US$6.3 on Sep 22. But it was down nearly 16% at 10.40 am ET on Thursday.   Dynavax Technologies Corporation (DVAX) stock is close to its 52-week high o...

Crypto exchanges Binance vs Kraken: Where would you like to trade?
Financial Stocks

Crypto exchanges Binance vs Kraken: Where would you like to trade?

The global crypto market has been fast evolving with technological innovation and investment. As the industry continues to expand, new crypto coins are entering the market at a rapid pace. Similarly, crypto exchanges are upgrading their platforms ...

Why are COTI, LTX cryptos drawing attention today?
Financial Stocks

Why are COTI, LTX cryptos drawing attention today?

Highlights COTI holds 143rd rank with a live market cap of US$380.8 million, and LTX holds 470th rank, with a live market cap of US$66.2 million. COTI’s circulation is 868.6 million, but its maximum supply is 2.0 billion coins.  Lat...