News
Italy to become the first EU nation to manufacture Russia’s Sputnik V vaccine
March 10, 2021 12:53 AM EST| By Team Kalkine MediaSource: LookerStudio, Shutterstock Summary Italy is all set to become the first EU country to manufacture Russia’s COVID-19 vaccine, Sputnik V. Some European nations have authorized the use of Sputnik V even before the EMA approval. Des...
Peloton Interactive Set to Spread Wings to Australia in H2, Shares Fly
March 10, 2021 12:27 AM EST| By Team Kalkine MediaAustralia will mark the entry of the company into the Asia-Pacific region. American company Peloton Interactive, Inc. (NASDAQ:PTON) is all set to enter Australia. The leading interactive fitness platform maintains a strong global presence ....
Walt Disney's hopes up as Disneyland set to reopen after months of closure
March 09, 2021 08:46 PM EST| By Team Kalkine MediaSource: Marko Aliaksandr,Shutterstock Summary Walt Disney observed an uptick of more than 6% in its share price after health officials gave a green signal to reopen theme parks in California. The parks are required to open with limited ca...
8 Bargain Cyclical Stocks To Keep An Eye On In 2021
March 09, 2021 08:45 PM EST| By Mark O'DonnellSource: Vintage Tone,Shutterstock Summary Cyclical stocks are picking up steam as investor optimism grows for global economies. US Airliners have had strong price movements this week and are quickly losing their bargain status. US Tanker stoc...
Canada’s Royal Bank Reclaims Most Valuable Company Title From Shopify
March 09, 2021 06:22 PM EST| By Ipsita SarkarSource: BalkansCat, Shutterstock Summary Royal Bank of Canada’s worth rose to $163 billion to reclaim the top place. Shopify's value fell reportedly to about $153 billion amid tech decline. BlackBerry and Valeant Pharmaceuticals had sur...
TSX Hits New High In Intraday Trade, Aphria & Ballard Top Movers
March 09, 2021 05:08 PM EST| By Team Kalkine MediaCopyright © 2021 Kalkine Media Pty Ltd. The broader Canadian benchmark index, the S&P/TSX Composite, touched a new high of 18,711.4 on Tuesday, up 1.4% from the previous close. However, market cooled down in the later and settled 0.77% or 1...
US Markets Today: Top Five Developments
March 09, 2021 05:04 PM EST| By Team Kalkine MediaSource:isak55 ,Shutterstock From OECD’s improved US growth forecast, Zoom Video CEO’s ownership transfers to Beyond Meat’s latest collaborations with Walmart Inc., the US markets saw a variety of developments on Tuesday, which kept...
US Indices Edge Higher As Tech Stocks Rally, Bond Yield Drops
March 09, 2021 04:51 PM EST| By Team Kalkine MediaSource: Anikin Denis,Shutterstock Summary S&P 500 rose 1.42%, Dow Jones was up 0.10%, and NASDAQ gained 3.69%. The 10-year Treasury bond yields declined 3.59% to 1.537 on Tuesday. Zoom Video’s Eric Yuan transfers US$6 billion w...
Bitcoin Reclaims US$1 Trillion MCap As Price Hits 2-Week High
March 10, 2021 08:25 AM AEDT| By AnujSource:3Dsculptor,Shutterstock Bitcoin zoomed back to its two-week high, rallying over US$ 54,500 in early Tuesday morning trade as Wall Street investors went bullish on crypto assets. The top electronic currency token soared over 7 per to US$54,50...
Inter Pipeline (TSX:IPL) Scraps Brookfield’s Hostile Takeover Bid
March 09, 2021 04:21 PM EST| By Shreya BiswasSource: Oaklizm, Shutterstock Summary Inter Pipeline Ltd (TSX:IPL) has unanimously rejected Brookfield Infrastructure Partners’ (TSX:BIP.UN) C$ 13.5-billion hostile takeover offer launched earlier in February. Brookfield Infrastruct...
Here’s Why Uncertainty Looms Over Canadian Businesses
March 09, 2021 06:46 AM EST| By Team Kalkine Mediay 42 per cent businesses bracing themselves for it in the next three months. As the COVID-19 pandemic crisis continues to affect markets and day-to-day business operations, Canadian companies fear that they might not be able to survive this publ...
IonQ Confirms SPAC Merger With DMY Technology (DMYI)
March 09, 2021 05:03 AM EST| By Shreya BiswasSource: HelloRF Zcool, Shutterstock Summary IonQ Inc, a quantum computing firm, said on Monday, March 8, that it will go down the reverse merger route with a blank check company DMY Technology Group Inc III (NYSE:DMYI, DMYI:US) to get publicly...
Two NYSE-listed stocks benefiting from natural gas price rally
March 09, 2021 04:57 AM EST| By Team Kalkine Mediaes are getting crucial support from the Parabolic SAR indicator. The NYMEX Natural gas has climbed almost ~49 percent from its 28 December 2020 low of USD 2.238 to a high of USD 3.316 levels made on 17 February 2021. The analysis of the c...
Know What’s Latest in Global Economic Calendar
March 09, 2021 03:27 AM EST| By DaminiSource: dokurose, Shutterstock Summary The US Senate’s approval of USD 1.9 trillion relief bill has fuelled optimism in the global economy. The latest results of various economic indicators worldwide turned out to be a mixed bag. The on...
Australia warns against protectionism on Italy's vaccine export block
March 09, 2021 12:55 AM EST| By Team Kalkine MediaSource: Seasontime, Shutterstock Summary Australian government triggers a warning against vaccine protectionism on the vaccine export block from Italy. The country has asked the European Commission to review Italy’s decision. The govern...
Amazon-backed Deliveroo set for London IPO with Dual-Class Structure
March 08, 2021 09:51 PM EST| By Team Kalkine MediaSource: zaozaa19,Shutterstock Summary Deliveroo, a British food delivery firm, is set to launch its IPO, expected to be London's biggest listing in several years. The plan follows strong business traction during 2020. The com...
Legacy Automakers Transitioning to EV by 2030
March 08, 2021 08:53 PM EST| By Mark O'DonnellSource: Virrage Images,Shutterstock Summary Legacy Automakers are ramping up EV production, with many signalling a complete transition to EV within the decade. Electrified versions of popular makes and models are being pushed out over the...
Canadian Markets Extend Gains, Mullen & Sprott Top Gainers
March 08, 2021 05:57 PM EST| By Team Kalkine MediaCopyright © 2021 Kalkine Media Pty Ltd. On Monday, the House of Representatives passed Biden’s landmark US$1.9 trillion stimulus package. This drove the Dow Jones to a new record high in the early trading hours. However, surge in the US B...
US Stocks End Mixed Amid Recovery Hopes, Bond Selloff
March 08, 2021 04:43 PM EST| By Team Kalkine Mediaden’s US$1.9 trillion relief bill set for a final Senate vote on Tuesday. US stocks ended mixed on Monday ahead of a crucial Senate vote on President Joe Biden’s US$1.9 trillion stimulus package this week, even as investors continued...
Why Is Goldman Sachs Group Inc Planning to Resume Its Cryptocurrency Desk?
March 08, 2021 08:56 AM EST| By AbhijeetSource: Chinnapong, Shutterstock Summary A study by Goldman Sachs has found renewed interest in the group’s digital assets. Media reports had said that the group would now be dealing in bitcoin futures, non-deliverable forwards. Ami...