News

Robinhood stock slides over 8% in dismal stock market debut

July 30, 2021 11:43 AM AEST| By Team Kalkine Media

Summary The stock had opened at US$38 apiece, but by the end of the session, it plunged 8.37% to US$34.82 in dismal first day trading. The brokerage firm had offered each stock at US$38 apiece in the IPO on Wednesday. The company was valued at...

What does the second half of 2021 hold for Ether?

July 30, 2021 11:25 AM AEST| By Daniel Paul Johns

Summary A panel of cryptocurrency experts predicted this week that Ethereum’s price might hit US$4,600 by year-end. This would be nearly double the price as of 29 July 2021, which sits at approximately US$2,319. Coinbase reported Ether ra...

Mastercard’s revenue climbs 36%, T-Mobile’s net income rises by 789%

July 30, 2021 08:31 AM AEST| By Team Kalkine Media

Summary Mastercard’s (NYSE: MA) Q2 revenue grew by 36% year-over-year. The stock surged 2.11% at 9:52 am ET after the earnings report. T-Mobile (NASDAQ: TMUS) net income jumped 789% to US$978 million in the June quarter. T-Mobile’s...

US stocks advance on GDP data, economy outlook

July 30, 2021 07:50 AM AEST| By Sanjeeb Baruah

Benchmark US indices closed higher on Thursday, July 29, after the latest government data showed that the GDP grew marginally from the pre-pandemic peak of 2019 in the second quarter. The S&P 500 was up 0.42% to 4,419.15. The Dow Jones rose 0.44...

Elon Musk inspires a cryptocurrency - What’s there to know about ELONGATE?

July 30, 2021 07:45 AM AEST| By Daniel Paul Johns

Summary Another crypto that started as a joke, ELONGATE, has gained significant popularity of late. As per its website, ELONGATE’s goal is to grow a global movement that goes against traditional financial systems by linking profitab...

US GDP grew by 6.5% in Q2, falls short of expectations

July 30, 2021 06:24 AM AEST| By Team Kalkine Media

Summary The latest figure fell short of economists’ expectations. However, it was a slight improvement from the 6.3% growth rate in the first quarter of 2021. The second-quarter growth rate was higher than the pre-pandemic level, signific...

Five fastest-growing S&P 500 stocks making investors drool

July 30, 2021 04:29 AM AEST| By Team Kalkine Media

Summary Moderna, Inc. (NASDAQ: MRNA) gave a 234.37% return YTD. Its P/E ratio is 271.02. L Brands, Inc. (NYSE: LB) gave a 108.2% return YTD. The stock closed at US$77.43 on July 28. Generac Holdings Inc. (NYSE: GNRC) YTD return is 89.54%. It h...

Ford lifts full-year outlook; Comcast Q2 net income up 24%

July 30, 2021 02:31 AM AEST| By Kiran Murali

Summary Ford projects volume to grow 30% in the second half as semiconductor supplies stabilize. Comcast’s saw record second-quarter customer net additions in cable communications. Ford’s stock gained 5 percent and Comcast rose 2 p...

I3 Energy: Two wells at Martin Hills now in production; Wapiti acquisition completed

July 30, 2021 12:38 AM AEST| By Team Kalkine Media

Summary I3 Energy’s two wells at Martin Hills are now in production, and the clean-up process is currently underway. The company has also completed the Wapiti production acquisition, effective 1 April 2021. The company reported 09-...

Bitcoin vs Ethereum: Their journeys so far

July 29, 2021 08:45 PM AEST| By Kamalika Ghosh

After losing almost 53% between April and July, Bitcoin has bounced back by gaining 32% in the past week. Cryptocurrencies are linked to volatility and investors are used to such unnerving moments fall and rise. In the last one year, the cryptocurr...

What is SafeMoon coin? Is SafeMoon a good cryptocurrency?

July 29, 2021 05:58 PM AEST| By Jasmine Anand

One of the most talked-about cryptocurrencies of recent time is known as SafeMoon. Being launched in March 2021, SafeMoon took inspiration for its slogan (safely to the moon) from the English phrase-to the moon. And, in such a short span of time, i...

APAC markets in green as Hong Kong shares snap losing streak

July 29, 2021 04:18 PM AEST| By Furquan Moharkan

Having been battered earlier this week, Hong Kong stocks rebounded today after a comforting statement from the Chinese market regulator. Meanwhile, equity markets in Asia-Pacific also rose after the US Federal Reserve left its benchmark interest rate...

What is value-based pricing in healthcare?

July 29, 2021 02:10 PM AEST| By Tripti Joshi

Summary Value-based pricing in the healthcare sector can offer patients access to better health services and treatments at a lower cost. In healthcare value-based pricing, the value of relevant drugs, components or services is identified, measu...

Big Tech crushes earnings estimates: How have their shares reacted?

July 29, 2021 02:06 PM AEST| By Furquan Moharkan

Three big tech companies – Apple Inc (NASDAQ:AAPL), Microsoft Corporation (NASDAQ:MSFT), and Alphabet Inc (NASDAQ:GOOG) – with a combined worth of over US$5 trillion, announced their second quarter results on Tuesday. All the three compa...

Bitcoin hits US$40,000; how high can it go in 2021?

July 29, 2021 12:03 PM AEST| By Furquan Moharkan

Bitcoin, Ethereum and Ripple coins - largest cryptocurrencies by market capitalisation. When the world’s largest cryptocurrency – Bitcoin -- crashed below the US$30,000-mark on 20 July 2021, no one would have thought that it would ...

Can Bitcoin again shoot past US$50,000 in 2021?

July 29, 2021 10:15 AM AEST| By Ashish

This week is turning out to be an eventful one for the world’s largest cryptocurrency. After the recent sell-off, bitcoin rallied this week and topped US$40,000 for the first time since June. The major catalysts for this surge emerged from th...

Facebook doubles Q2 profit; PayPal’s net profit declines 23%

July 29, 2021 08:41 AM AEST| By Kiran Murali

Facebook, Inc. (NASDAQ: FB) posted a 101 percent year-over-year growth in its second-quarter profit after the markets closed on Wednesday, while PayPal Holdings, Inc. (NASDAQ: PYPL) reported a 23 percent decline in its second-quarter GAAP net incom...