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News
Elon Musk loses US$50 bn this week but retains ‘richest person’ title
November 11, 2021 09:52 AM AEDT| By Ipsita SarkarHighlights Tesla Inc (NASDAQ: TSLA) lost about US$200 billion after a huge stock selloff in recent sessions. The Tesla stock price is up more than 40% YTD. The electric vehicle maker’s revenue jumped 57% YoY in Q3, FY21. Electric ve...
US stocks slip as inflation rises to 30-year high
November 11, 2021 09:21 AM AEDT| By Versha JainBenchmark US indices closed in the red on Wednesday, Nov 10, after the latest economic data showed inflation rose at an annualized rate of 6.2% last month, the highest increase in 30 years. The S&P 500 was down 0.82% to 4,646.71. The...
EV-maker Rivian (RIVN) raises US$11.9 bn in IPO: How to buy the stock?
November 11, 2021 04:35 AM AEDT| By Team Kalkine MediaHighlights Rivian’s first electric pickup truck, R1T, was delivered to clients a couple of months ago. Rivian’s IPO is the sixth-largest listing of all time in a US exchange. The Irvine, California-headquartered Rivian is on trac...
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Vaxxinity IPO: Is biotech firm’s VAXX stock worth considering?
November 11, 2021 02:45 AM AEDT| By Raza NaqviThe healthcare sector has witnessed a flurry of IPOs in recent times, which were successful in gaining investors' attention. Among others, Vaxxinity, Inc. is one of the major IPOs this week, that traders are eagerly waiting for. Vaxxinity IPO: I...
How to buy Manchester City Fan Token & why is it skyrocketing?
November 10, 2021 11:13 PM AEDT| By Raza NaqviThe Manchester City Fan Token (CITY) has caught investors' attention and skyrocketed on Wednesday, November 10. At the time of writing, CITY token's one-day volume expanded massively by 4,400 per cent to $119.6 million. According to the data from ...
Coinbase lists GYEN crypto: What is its price prediction?
November 10, 2021 10:52 PM AEDT| By Ankit SethiIs cryptocurrency investment all about Bitcoin? Did you know that altcoins like Axie Infinity (AXS) and Shiba Inu (SHIB) dwarfed the return of Bitcoin in 2021 by a big margin? In this light, let’s find out more about another altcoin, GYEN cry...
How To Invest in Web 3.0?
November 10, 2021 10:10 PM AEDT| By Daniel Paul JohnsHIghlights Web 3.0 offers a “decentralised” web in which content will cater to the individual. Web 3.0 is a boon for crypto world which operates on decentralised networks. With Web 3.0, Apple’s Siri now seeks contextual...
Welcome to Disney’s NFT paradise! Elsa, Simpsons, and Iron Man might be yours
November 10, 2021 08:32 PM AEDT| By Aditi SahaHighlights The VeVe companies and Disney have teamed up to give crypto enthusiasts a gift by releasing the NFT series of Marvel, Pixar, Star Wars, and other Disney flicks. The wave of happiness could be witnessed in the crypto world as crypto l...
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Race to crypto throne: Which currency will dethrone Bitcoin?
November 10, 2021 05:21 PM AEDT| By Aditi SahaHighlights Created in 2009, Bitcoin is known as the "granddaddy of cryptocurrency". With a sky-high price tag, Bitcoin is beyond reach for many, paving way for altcoins to gain market sha...
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Nano crypto: Will it outpace Shiba Inu?
November 10, 2021 04:45 PM AEDT| By Jasmine AnandUltra-popular meme coin Shiba Inu’s popularity has reached unprecedented levels. Its historic price gains have turned its ardent followers into millionaires. On 23 October, it gained about 21% when it was priced at US$0.00003385. It rose...
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Copper futures tumble on worries about Chinese property crisis
November 10, 2021 04:22 PM AEDT| By Arpit VermaHighlights Copper prices tumbled on Tuesday due to an ongoing property crisis in China. However, the prices of the red metal grew a day earlier on Monday as the country's export growth beat forecasts. Ease in power crunch and ...
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Crude oil reaches 2-week high on rising demand
November 10, 2021 02:39 PM AEDT| By Arpit VermaHighlights Crude oil reached two-week high levels on Tuesday. Crude oil prices started rallying after the US Energy Information Administration (EIA) projected in its Short-Term Energy Outlook. EIA&nb...
Tesla (TSLA) stock slide continues amid groundswell of adverse headlines
November 10, 2021 02:37 PM AEDT| By Sanjeeb BaruahHighlights However, despite its latest two-day rout, the stock is still up about 46% this year. Tesla Inc. hit the US$1-trillion mark in market cap in late October as stocks continue to rise. Most gains were accrued after its third-quarter re...
No delivery address to send gifts? Don’t worry, Amazon has a solution
November 10, 2021 02:26 PM AEDT| By AshishHighlights Amazon recently launched a new shopping feature, which allows its Prime members to purchase gifts for others without having their home delivery address. The feature just requires the recipient's email address or mobile phone number. ...
Coinbase (COIN) falls short on Q3 revenue, but profits beat estimates
November 10, 2021 11:49 AM AEDT| By Sanjeeb BaruahHighlights Coinbase’s trading volume fell by nearly 30% to US$327 billion in the quarter on a sequential basis from US$462 billion in the prior quarter. The company’s net income was US$405.34 million, or US$1.62 per share. Its tota...
As Bitcoin’s winning streak continues, should you invest too?
November 10, 2021 10:44 AM AEDT| By Versha JainHighlights Bitcoin surged to an all-time high of US$68,530.34 on Tuesday. The cryptocurrency continues to maintain its No. 1 position among some 13000 cryptos in the market. The recent launch of the ProShares Bitcoin ETF and a likely debut of ...
US stocks close in red as tech, financials slump after labor data
November 10, 2021 09:09 AM AEDT| By Sanjeeb BaruahBenchmark US indices closed in the red on Tuesday, Nov 9, after strong rallies in recent days, dragged down by new economic data that confirmed inflation remained worryingly high. The S&P 500 was down 0.35% to 4,685.25. The Dow Jones fell 0.31% ...
GE stock jumps 17% on plans to split into three companies
November 10, 2021 04:33 AM AEDT| By Versha JainHighlights GE Electric Company (NYSE: GE) announced plans to split into three public companies, with the spin-off starting in early 2023. The Boston-based company was founded in 1892 before it became a massive business conglomerate. The stock ...
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BioNTech (BNTX), Palantir (PLTR) revenue soars in Q3, raise outlook
November 10, 2021 03:52 AM AEDT| By Versha JainHighlights BioNTech SE (NASDAQ: BNTX) revenue rose to US$6.08 billion covid vaccine sales. Palantir Technologies Inc. (NYSE: PLTR) revenue jumps 36% YoY to US$392 million. Palantir raises outlook for fiscal 2021 after a strong quarterly ...
Sono Motors IPO: Solar EV firm’s stock SEV price range revealed
November 10, 2021 03:39 AM AEDT| By Team Kalkine MediaThe parent firm of Sono Motors, Sono Group N.V. said that it has launched its initial public offering on November 8. The company has gained investors' attention due to its innovative development of solar-powered cars. Precisely, the EV sector has b...
