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News
Can Fed rate hikes impact emerging markets?
February 06, 2022 12:52 AM AEDT| By AshishHighlights Kristalina Georgieva, managing director of the IMF, recently said interest rate hikes by the Fed could have an impact on global recovery. She feared that escalated interest rates in the US could make repayment costlier for econom.....
What is UFO Gaming (UFO) and why was it in news this week?
February 06, 2022 12:39 AM AEDT| By Aditi SahaHighlights Metaverse-themed projects are getting attention in the gaming world. A metaverse gaming platform that is currently hitting the headlines is UFO Gaming. UFO Gaming is a decentralised gaming platform that permits a player to earn more.....
What impact is the crypto market having on the economy?
February 06, 2022 12:36 AM AEDT| By Daniel Paul JohnsHighlights At a time when the the global economy is dealing with the fallout of the pandemic, never has the determination of crypto’s impact on the wider economy been more important Just recently, the Russian media reported the Deputy.....
What’s next for Star Atlas after its recent rally?
February 05, 2022 09:28 PM AEDT| By Manu ShankarStar Atlas crypto (ATLAS) is one of the prominent names that one can’t afford to miss if you are in the metaverse space. The astral-themed metaverse project, which is powered by the Solana blockchain has seen significant growth ever since the.....
Shiba Inu (SHIB) takes plunge into metaverse: 6 facts about meme token
February 05, 2022 12:00 PM AEDT| By Versha JainHighlights Shiba Inu (SHIB) takes the plunge into metaverse with the Shiberse project. Shiba Inu (SHIB) token soared 3.46% at 7:37 am ET on Friday after the recent decline. The token gained 206800% in one year. Shiba Inu (SH.....
Volvo, Northvolt to build US$3.3-bn battery gigafactory in Sweden
February 05, 2022 11:27 AM AEDT| By Rupam RoyHighlights The plant’s construction, which includes an R&D center, will begin next year. The batteries for Volvo and Polestar models are expected to start in 2025. The new facility would create 50-gigawatt-hour (GWh) of battery c.....
Weekly roundup of FTSE 100 risers and fallers (31 January – 04 February)
February 05, 2022 11:00 AM AEDT| By Sreenivas D AjankarFTSE 100 index traded mostly in a range to end the week on a positive note. The important development during the week of an interest rate hike by the Bank of England failed to make any major impact and seemed mostly priced in. Here we are giving th...
S&P, Nasdaq rise after Amazon.com Inc (AMZN) earnings, jobs report
February 05, 2022 09:53 AM AEDT| By Team Kalkine MediaThe S&P 500 index and Nasdaq Composite closed in the green, while Dow Jones marginally declined on Friday, February 4, after Amazon’s strong earnings and positive jobs report. The S&P 500 rose 0.52% to 4,500.53. The Dow Jones fel...
Bitcoin (BTC) price zooms over 9%, biggest jump since October
February 05, 2022 08:49 AM AEDT| By Rupam RoyHighlights Bitcoin (BTC) price made its biggest jump in more than three months. Ethereum (ETH) and Solana (SOL) also rallied on renewed investors’ confidence. An upbeat economic outlook may have turbocharged the crypto market. Bitco.....
Is Meta Platforms’ (FB) US$250-bn loss biggest wipeout in US history?
February 05, 2022 06:58 AM AEDT| By Versha JainHighlights Meta Platforms, Inc. (FB) lost around US$250 billion in market value in a single day. The Dow Jones US Technology Total Stock Market Index’s total YTD decline widened to 10.97% after the stock rout. Meta&.....
Snap Inc (NYSE: SNAP) nixes iPhone privacy fears - answer to Meta woes?
February 05, 2022 03:58 AM AEDT| By Rupam RoyHighlights Snap Inc forecasts revenue of US$1.03 billion to US$1.08 billion in Q1, FY22. It expects daily active users to be in the range of 328 million to 330 million. The company reported its first positive net income since its IPO in March .....
UK markets tread water, energy stocks gain
February 05, 2022 03:41 AM AEDT| By Sreenivas D AjankarUK Market: The UK stock markets were showing a cautious move on the last trading day of the week. FTSE 100 has modestly entered in green towards the last leg of the trade, led by energy stocks like Shell Plc (3.13%) and BP Plc (2.83%) following the r...
Will Manchester United-Tezos deal trigger a fan token?
February 05, 2022 01:23 AM AEDT| By Manu ShankarHighlights • UK football giant Manchester United unveiled their £20 million per year training kit sponsorship with blockchain platform Tezos. • Tezos previously had deals with Red Bull Racing Honda, other leading MLB teams as well.....
Bitcoin down nearly 50% from all-time high. What led to this fall?
February 05, 2022 12:50 AM AEDT| By Aditi SahaHighlights Bitcoin started the year 2022 with a lot of pain and has been going through a rough patch. Investors had high hopes for Bitcoin’s rise in 2022, but the crypto’s lacklustre performance disappointed them. Bitcoin has been .....
Is Crypto bear market coming to an end? What is the future for crypto?
February 05, 2022 12:29 AM AEDT| By Daniel Paul JohnsHighlights The money supply in the US normally grows about 7% per year. However the COVID relief funds, which in November last year were estimated to be US$5 trillion, increased the money supply by 27% The vast majority of major digital currenc.....
The impact of climate change- warming Winter Olympics?
February 05, 2022 12:21 AM AEDT| By Toshiva JainHighlights The Beijing Winter Olympics 2022 is the first-ever Winter Olympics to rely on 100% artificial snow. Additionally, 49 million gallons of water is required to build artificial snow for the Beijing Olympics 2022. According .....
Decoding carbon tax
February 05, 2022 12:18 AM AEDT| By Toshiva JainThe Paris agreement was signed in 2015 in order to keep global warming within 1.5 degrees Celcius. However, according to the recent IPCC report, we will soon cross the global warming limit by 2040, if corrective measures are not put to place. Thus,.....
What is Ontology crypto? All you need to know
February 04, 2022 11:58 PM AEDT| By Raza NaqviHighlights: Ontology network has an integrated support of smart contracts and ledger accounts. Ontology crypto is the native token of Ontology, which is a network of public blockchains. Ontology cryptocurrency seems to be gaining investors' at.....
Why is TRON (TRX) climbing up the charts today?
February 04, 2022 11:34 PM AEDT| By Manu ShankarHighlights Founded by Justin Sun, Tron (TRX) crypto is primarily a unique blockchain-based protocol that operates as an entertainment and content-sharing platform on a peer-to-peer (P2P) technology. With the ability to accommodate smart contrac.....
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Market correction: 5 things you should do to shield your investment
February 04, 2022 11:14 PM AEDT| By Sreenivas D AjankarHighlights The start of 2022 has seen a mini-crash in many of the key markets, including the FTSE100 index. Long-term investors should not get worried about the short-term crashes in the market; instead, they should be careful and avoid certain.....
AI on the Rise: A Look at Top AI Companies and Their Stocks