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Are Bitcoin Chartists Picking Bearish Signals?
Cryptocurrency

Are Bitcoin Chartists Picking Bearish Signals?

Summary Bitcoin price has dropped by ~30.66 percent from its lifetime high. on the daily chart Bitcoin prices are trading in a rising channel formation and below its 100-Period Simple Moving Average (SMA). The price has broken a rising trendli...

Is the Crypto Grass Greener? The Search for ‘Greener’ Cryptos
Cryptocurrency

Is the Crypto Grass Greener? The Search for ‘Greener’ Cryptos

Summary Elon Musk announced on Thursday that Tesla would no longer accept Bitcoin to purchase its vehicles. The decision has led to a heated debate over the amount of electricity required to mine bitcoins. Tesla’s move has resulted in at...

APAC markets open mostly in green on Wall Street cues
World News

APAC markets open mostly in green on Wall Street cues

The Asia Pacific (APAC) markets opened mostly in green on Friday, following the Wall Street rally overnight. The Japanese shares were the biggest gainers in the region, with Nikkei225 up 2.3%, having wiped most of the losses it made in the Thursda...

Will Chevron Corp. (NYSE: CVX) Prices Cross the Hurdle on Charts?
World News

Will Chevron Corp. (NYSE: CVX) Prices Cross the Hurdle on Charts?

Summary Chevron Corp. (NYSE: CVX) has outperformed the index and generated ~16.01 percent returns in the last 3 months. On the daily chart, CVX’s prices are moving in a horizontal channel pattern and taking support from the 100-period Sim...

US tax sleuths, justice dept set to probe Binance: Reports
World News

US tax sleuths, justice dept set to probe Binance: Reports

One of world's largest cryptocurrency exchanges, Binance is facing investigation from the US Internal Revenue Service and the Justice Department, reports said. The probing officials have asked for detailed information from individuals with insight...

Ready For Your Next Trip? Points To Keep In Mind For Safe Travel
Covid-19

Ready For Your Next Trip? Points To Keep In Mind For Safe Travel

COVID-19 pandemic confined everyone to their homes for the most of 2020. Going by the rulebook, social gatherings got confined to video calls, eating out no longer meant dine in and travel ban took away the joy of travel and exploration. However, wi...

Coinbase rides the crypto boom to hit over US$1 billion in revenue
World News

Coinbase rides the crypto boom to hit over US$1 billion in revenue

Coinbase Global Inc (NASDAQ:COIN), a US-based holding company for an cryptocurrency exchange platform by the same name, has reported 9.45 times jump in its revenue as it surged past the $US1 billion-mark in quarterly revenue. The company reported ...

Three Penny Stocks Worth Exploring
Penny Stocks

Three Penny Stocks Worth Exploring

Penny stocks are considered as a high-risk investment due to their volatile nature. But lower price points and the potential for high returns make these stocks attractive. In this article, we explore three penny stocks on investors’ radar: W...

Why has IEA slashed 2021 oil demand forecast?
Commodities

Why has IEA slashed 2021 oil demand forecast?

The oil industry has been on a roller coaster ride since last year. Experiencing gloomy days, the prices of WTI crude oil dipped to negative levels in April 2020 due to supply glut and nearly no buyers. However, a robust vaccination program couple...

Trulieve Acquires Harvest Health’s Cannabis Arm For Record US$2.1 bn
Cannabis Stocks

Trulieve Acquires Harvest Health’s Cannabis Arm For Record US$2.1 bn

Summary Florida-based marijuana company Trulieve (TCNNF) has acquired Harvest Health’s cannabis arm for a record US$2.1 billion in the biggest deal for the US cannabis industry to date. It will now have a presence in 11 states from its cu...

Alibaba’s revenues up 64% YoY, Adds 1 Billion Active Customers
Technical Analysis

Alibaba’s revenues up 64% YoY, Adds 1 Billion Active Customers

Summary Alibaba’s revenues up 64% YoY to US$28.6, with adjusted earnings of US$1.58 a share. Loss of US$1.1 billion due to penalty of US$2.7 billion in antitrust probe by Chinese regulators. The company plans to invest more in growth-ori...

US Stock Market Rebounds From Wednesday’s Slump
Market Updates

US Stock Market Rebounds From Wednesday’s Slump

The benchmark U.S. stock indexes S&P 500, Dow Jones, and the NASDAQ Composite staged a comeback on Thursday, May 13, snapping a three-day losing streak. The blue-chip index Dow Jones gained 434 on Thursday while S&P 500 and tech-savvy NASDAQ...

What’s Next for Xiaomi After US Ban Revoked?
Technology Stocks

What’s Next for Xiaomi After US Ban Revoked?

Summary The recent lifting of the ban by the US Defence Department – a ruling that it had been waiting for some time - has raised the bar for its annual target. Consumer sentiments towards the company are likely to improve from the decisi...

3 Technology Stocks To Explore On Wall Street
Technology Stocks

3 Technology Stocks To Explore On Wall Street

Technology was one of the best performing sectors in 2020. Yet, the NASDAQ 100 Index has been an underperformer to the S&P 500 year-to-date. Recent trends show that investors have turned their attention to stocks whose progress is typically li...

Renewables Get A Jumpstart After Biden’s US$2.8bn Wind Project
Energy Stocks

Renewables Get A Jumpstart After Biden’s US$2.8bn Wind Project

In a major boost to the renewable energy sector, the Biden administration has approved the country's largest wind farm project valued at around US$2.8 billion. The farm will be jointly developed by Vineyard Wind LLC., Avangrid (NYSE: AGR), and Cop...

Tesla Eyes Entry Into Multimillion-Dollar US Renewable Market
Energy Stocks

Tesla Eyes Entry Into Multimillion-Dollar US Renewable Market

Summary Tesla is one of the eight companies that submitted applications with the Environmental Protection Agency (EPA) for power generation and renewable credits. Then-President George W. Bush created the Renewable Fuel Standard (RFS) program t...