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Financial
Which are the top US banks investing in cryptocurrency, blockchain?
August 28, 2021 05:00 AM AEST| By Sanjeeb BaruahHighlights Bank of New York Mellon Corp. (NYSE: BK) invested US$321 million in blockchain projects. Citigroup Inc. (NYSE: C) has invested US$279 million in 14 cryptocurrency companies. UBS Group AG (NYSE: UBS) invested US$266 million in crypto.....
Are you an NFT fan? Check out these seven hot NFTs in the market
August 27, 2021 06:13 AM AEST| By Ipsita SarkarHighlights The Non-Fungible Tokens (NFTs) are unique; buyers get their ownership rights, but copyrights remain with the creators. People can buy or sell NFTs using cryptocurrencies on various platforms. NFTs are like digital collectibles; howe.....
Seven hot blockchain ETFs to explore as crypto market heats up
August 26, 2021 03:02 AM AEST| By Sanjeeb BaruahHighlights Siren Nasdaq NexGen Economy ETF (BLCN) traded at US$41.21 in the premarket session on August 25. First Trust Indxx Innovative Transaction & Process ETF (LEGR) has an AUM (assets under management) of US$120,610. VanEck Vectors Di.....
What is crypto mining and how do they affect carbon footprint?
August 25, 2021 04:28 AM AEST| By Sanjeeb BaruahHighlights Miners mine the crypto coins from virtual rigs using codes through a mathematical process. A traditional banking institution's activities are governed by a centralized agency, whereas such an organization does not monitor cryptocurre.....
Visa Inc (V) joins crypto craze, buys Cyptopunk NFT for US$150,000
August 24, 2021 06:06 AM AEST| By Team Kalkine MediaHighlights Visa Inc has said that it bought a CryptoPunk NFT for US$150,000. The non-fungible tokens (NFTs) are considered digital collectibles due to their unique non-fungible features. Visa Inc bought a green-eyed female figurine of CryptoPu.....
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BlackRock invests US$382 mn in Marathon Digital, Riot Blockchain
August 24, 2021 01:50 AM AEST| By Sanjeeb BaruahBlackRock (NYSE BLK), the world’s leading asset manager, has invested over US$382 million in the Bitcoin mining companies Marathon Digital Holdings (Nasdaq: MARA) and Riot Blockchain (Nasdaq: RIOT). BlackRock now owns 6.71 percent or US$207 .....
What is a cryptocurrency consultant?
August 21, 2021 11:51 PM AEST| By Team Kalkine MediaHighlights Cryptocurrency consultant is not an accredited designation. The cryptocurrency market is all digital and susceptible to hacking. Investors are required to do their research before investing. A consultant is someone who provides.....
Coinbase looks to beef up crypto investment, enter Japanese market
August 21, 2021 03:11 AM AEST| By Sanjeeb BaruahCryptocurrency exchange Coinbase Global, Inc. (NASDAQ: COIN) plans to earmark 10% of its quarterly net income into crypto assets as it forays into the Japanese digital currency market in partnership with the Mitsubishi UFJ Financial Group (MUFG).&n.....
Will these five financial value stocks beat the economic blues?
August 17, 2021 03:59 AM AEST| By Team Kalkine MediaWhen we hear the words "financial sector," the first thing that comes to our mind is banks. Although banks form a significant part of the sector, non-traditional banking firms, like payment apps or fintech companies, also offer a range of similar s.....
Five digital payment stocks to explore amid e-commerce boom
August 14, 2021 10:58 AM AEST| By Team Kalkine MediaDigital payment companies enable users to make payments easily from anywhere and at any time. Consumers make digital payments while purchasing goods or services through various electronic devices. Let’s look at five digital payments stocks d.....
In the Spotlight: Three financial stocks to consider in August
August 10, 2021 01:53 AM AEST| By Team Kalkine MediaSummary SVB Financial Group (Nasdaq: SVB) reported total revenue of US$751 million in Q2 this year. Principal Financial Group Inc (Nasdaq: PFG) reported a net income of US$361.8 million in Q2 this year. Fifth Third Bancorp’s (Nasdaq: FIT.....
Where to park money? Three high-yield savings accounts worth exploring
August 03, 2021 09:49 AM AEST| By Team Kalkine MediaAll savings accounts pay an interest rate for the money kept in the account. The more is the interest rate, the higher is the growth of your savings. Many online banks offer higher rates than the brick-and-mortar banks like Wells Fargo, JP Morgan C.....
All eyes on Square Inc, Afterplay Ltd after US$29 billion deal
August 03, 2021 02:55 AM AEST| By Team Kalkine MediaThe Square, Inc. (NYSE: SQ) stock was trending on Wall Street and Google and other sites on Monday, a day after it revealed plans to acquire the Australian buy now pay later (BNPL) services company Afterpay Ltd. (ASX: APT) for US$29 billion. Squar.....
Banking on Banks: Five hot bank stocks based on earnings to explore
July 29, 2021 04:34 AM AEST| By Team Kalkine MediaSummary Goldman Sachs (NYSE: GS) net income applicable to common stockholders in Q2 was US$ 5.35 billion, a vast 2614% up YOY. Citigroup, Inc. (NYSE: C) net income increased nearly 487% YOY. The stock price surged 33% in one year. Wells Fargo .....
Square, Paypal stocks on investors’ radar ahead of Q2 earnings
July 27, 2021 04:44 AM AEST| By Team Kalkine MediaFintech stocks are companies that use technology to provide financial services. For example, they use software and digital algorithms to help customers manage their finances. Fintech firms have created consumer-oriented technologies for ease of tra.....
Blackstone (BX) stock rallies as Q2 profit doubles
July 23, 2021 07:43 AM AEST| By Kiran MuraliSummary The asset management company’s stock rose over 4 percent on Thursday. Blackstone’s second-quarter net income more than doubled to US$1.31 billion. Total assets under management rose 21 percent year over year to US$684.0 bil.....
Wells Fargo (WFC) stock gains, BlackRock (BLK) declines after Q2 earnings
July 15, 2021 07:40 AM AEST| By Kiran MuraliSummary Wells Fargo posted US$6 billion profit as it released US$1.6 billion credit reserves. BlackRock’s assets under management soared to a record US$9.456 trillion in the second quarter. Wells Fargo stock returned 51% year to date, Bl.....
Citigroup (C), Bank of America (BAC) post strong Q2 profit growth
July 15, 2021 01:08 AM AEST| By Kiran MuraliCitigroup Inc. (NYSE: C) and Bank of America (NYSE: BAC) posted significant growth in their second-quarter profit on July 14. The American banks saw their earnings multiply despite the decline in revenue. Following the improving economic outlook, .....
Mastercard (NYSE: MA) rides high on Verizon partnership, stock up 2%
July 14, 2021 10:19 AM AEST| By Sanjeeb BaruahSummary Mastercard stock (NYSE: MA) was up 2.17% on Tuesday after Verizon pact. Mastercard and Verizon to provide “transformative” solutions in payment processing. In Q1 of 2021, its revenue was up 3.6% YoY to US$4.16 billion. Its .....
JP Morgan, Goldman Sachs start earnings season with strong Q2 results
July 14, 2021 12:09 AM AEST| By Kiran MuraliSummary JP Morgan attributed the net income growth to credit reserve releases of US$3 billion. Goldman Sachs’ investment bankers generated second-highest quarterly revenues of US$3.61 billion. JP Morgan stock returned around 25 percent y.....
