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News
Is India’s central bank set to roll out its own digital currency?
July 23, 2021 12:44 PM AEST| By Furquan MoharkanIndia – the world’s most populous country and a start-up hub – is likely to start its official central bank-backed digital currency (CBDC) soon. “RBI is currently working towards a phased implementation strategy and examining...
US stocks end flat after spike in jobless benefits claims
July 23, 2021 07:34 AM AEST| By Sanjeeb BaruahUS stocks closed flat on Thursday, July 22, after two consecutive sessions of solid gains as investors weighed a sudden spike in unemployment benefits claims and threats from Covid’s Delta mutant. The S&P 500 was up 0.20% to 4,367.48. The ...
3 stocks over 100% YTD returns: MRIN, NTLA, XELA
July 23, 2021 05:48 AM AEST| By Kiran MuraliSummary Marin Software (NASDAQ: MRIN) gained 319 percent year to date. Intellia Therapeutics (NASDAQ: NTLA) returned 177 percent this year. Exela Technologies (NASDAQ: XELA) soared 114 percent year to date. The stock markets in the US hav...
Got US$100? Here are two stocks to explore
July 23, 2021 05:45 AM AEST| By Team Kalkine MediaSummary R. Horton, Inc. (NYSE: DHI) reported total revenue of US$7.2 billion in Q3, 2021. CVS Health Corporation’s (NYSE: CVS) revenue increased to US$69.3 billion in Q1, 2021, up 3.5 percent YoY. DHI’s stock price increased by 29....
Robinhood IPO next week, all you need to know
July 23, 2021 02:48 AM AEST| By Team Kalkine MediaSummary Robinhood (HOOD) eyes a US$35 billion valuation after IPO next week. Founders Baiju Bhatt and Vladimir Tenev will hold 26.2% and 39.0% of the voting power of the outstanding shares, respectively. HOOD’s monthly active users are 1...
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Can you avoid paying taxes on your Bitcoin profits?
July 22, 2021 08:35 PM AEST| By Suhita PoddarSummary Putting resources into bitcoins doesn't mean you are excluded from tax liabilities. In Europe, Bitcoin isn't liable to tax burden except for the UK. The cost of bitcoin has taken off dramatically the last year, allowing finan...
What does Biden administration’s latest move on cryptocurrency mean for investors?
July 22, 2021 01:41 PM AEST| By Furquan MoharkanThere have long been concerns surrounding the underground economy supported by cryptocurrencies. Few years back, the global drug trafficking was also alleged to be supported by digital currencies. With more and more formalisation of cryptocurrencies,...
Does Dash have the upper hand over Bitcoin?
July 22, 2021 01:02 PM AEST| By Jasmine AnandSummary Dash, a derivative of Bitcoin, was introduced with the aim of increasing transactional speed and maintaining privacy. Bitcoin, though the most popular cryptocurrency around the world, has few shortcomings, which were improvised upon by ...
Meridian and Contact Energy join hands for ‘biggest’ green hydrogen plant
July 22, 2021 12:59 PM AEST| By RomaSummary Meridian Energy and Contact Energy actively looking for registrations of interest to build the biggest hydrogen plant. The world’s biggest green hydrogen plant could mean major steps toward decarbonisation. McKinsey & Co repo...
What is brewing in the APAC markets?
July 22, 2021 12:51 PM AEST| By Furquan MoharkanIt has been a mixed week for the Asia Pacific (APAC) equity markets – at least till now. While the key benchmarks across the region tanked in the beginning of the week, they recovered most of the losses in Wednesday’s rally. The trigger ...
Worried about COVID-19? Here’s what you can do to stave off the virus
July 22, 2021 11:33 AM AEST| By Furquan MoharkanIn May, when India hit the second wave peak, the world hoped that the virus might have been gone for good. But the tenacious virus seems to have another plan. The virus can beat any mobile phone maker fair and square, when it comes to upgrades. The v...
US stocks surge on robust earnings reports
July 22, 2021 07:47 AM AEST| By Sanjeeb BaruahBenchmark US indices closed higher on Wednesday, July 21, continuing their gains from the previous session as positive quarterly earnings reports lifted the investors' sentiments. The S&P 500 was up 0.82% to 4,358.69. The Dow Jones gained 0.83% ...
5 rules of value investing
July 22, 2021 06:23 AM AEST| By Team Kalkine MediaSummary Value investing means buying the stock at a discounted price. Value investors find out the intrinsic value and margin of safety before investing. Patience, knowledge, and conviction are value investors’ fundamental principles. ...
7 socially responsible ETFs to keep in mind
July 22, 2021 04:34 AM AEST| By Team Kalkine MediaSummary SPDR Select Sector Fund - Financial (ARCX: XLF) ETF’s expense ratio is 0.12%, and it rose 47% in one year. iShares ESG Advanced MSCI EAFE ETF (NASD: DMXF) has an expense ratio of 0.12%. The price increased by 24% in one year....
Core Scientific will list on Nasdaq: what we know about the crypto miner
July 22, 2021 12:54 AM AEST| By InvezzCore Scientific Holding Co., a cryptocurrency mining operator, confirmed Wednesday morning in a press release it will become a public entity via a SPAC deal with Power & Digital Infrastructure Acquisition Corp. As part of the merger agreement, Core Scientific will be worth roughly $4.3 billion. Blockchain infrastructure and mining company Core Scientific is the […] The post Core Scientific will list on Nasdaq: what we know about the crypto miner appeared first on Invezz.
Is buying Tether at this point advisable?
July 21, 2021 09:20 PM AEST| By Kamalika GhoshSummary Tether is a stablecoin, whose value is pegged to the US dollar. It can be used for buying other cryptocurrencies, transferring money, and earning interest. Tether has recently seen a surge amid the Black Thursday sell-off in Marc...
Was the market correct on Bitcoin price prediction?
July 21, 2021 04:37 PM AEST| By Daniel Paul JohnsSummary Renowned investor, Michael Burry, said in June 2021 that Bitcoin and cryptocurrencies, in general, were heading for “the mother of all crashes”. The price of Bitcoin currently sits at US$30,637.11, dropping below the trading...
How Bitcoin went from offering 122% YTD return to being an underperformer
July 21, 2021 02:03 PM AEST| By Furquan MoharkanBitcoin, Ethereum and Ripple coins - largest cryptocurrencies by market capitalisation In April 2021, when the world’s largest cryptocurrency – Bitcoin – touched the US$64,000 mark, it enthralled its investors with a whopping year-...
APAC markets bounce back in green on Wall Street rebound
July 21, 2021 12:03 PM AEST| By Furquan MoharkanSummary APAC markets have made a strong comeback. Australia, Japan are among the region’s star performers. Chinese shares remain flat. The equity markets in the Asia Pacific region rebounded on Wednesday after a day of huge losses y...
COVID-19 fears continue to loom large on Tokyo Olympics
July 21, 2021 11:09 AM AEST| By Furquan MoharkanThe fears about a resurgence of the COVID-19 pandemic are still weighing heavy on Olympics 2020, as officials didn’t rule out the eleventh-hour cancellation. More and more athletes have started testing positive for the virus, and sponsors have...
