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U.S. EIA Anticipates Crude Oil Production to Surpass 2019 Peak
February 08, 2021 03:33 AM GMT| By Kunal SawhneyThe United States Energy Information Administration (EIA) anticipates the U.S. crude oil production to rebound to another record high in 2023 after taking a toll from the COVID-19 outbreak. Source: Copyright © 2020 Kalkine Media Pty Ltd Glob...
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All You Need To Know About Kuaishou That Made a Splash with $5bn IPO
February 08, 2021 01:43 AM GMT| By Kunal SawhneyThe post-pandemic period would belong to technology. Lending weight to this notion is the recent enormously successful debut of Chinese firm Kuaishou Technology that offers a video-sharing mobile app. Last week on 5 February 2021, Kuaishou Technol.....
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Three US giants declaring earnings this week
February 07, 2021 09:41 PM GMT| By Team Kalkine MediaThe earnings season in the US is going on, and this week could be crucial as three of the market’s favourites are about to declare their earnings. The social media giant Twitter Inc. (NYSE:TWTR) would be the first of the three to come out wit.....
Top three GameStop stock’s alternatives
February 07, 2021 09:18 PM GMT| By Kunal SawhneyThe GameStop (NYSE:GME) mania was one of the most hyped short squeeze events in the US. However, the buying frenzy seems to be running out of steam. GameStop's overboard buying has also turned investors to some other alternatives that probably don&.....
Ethereum Hits All Time High! Will It Cross $2,000-Mark?
February 07, 2021 01:41 AM AEDT| By Team Kalkine MediaEthereum rose to a record high of US$ 1,761.35 on Friday, February 5, 2021, as the cryptocurrency market rallied. The world’s second-largest virtual coin has returned more than 133 per cent this year. The token, with a market cap of over US$.....
Can Microsoft’s Bing impress Australians if Google opts out?
February 06, 2021 01:35 PM GMT| By Hina ChowdharyAdding another chapter to the ongoing war between Australian Federal Government and the US tech giant duo Facebook and Google, Microsoft has jumped into the fray. Microsoft has assured the Australian government that if Google pulls out its s...
What is Dogecoin and why it is making a splash?
February 07, 2021 12:31 AM AEDT| By Kunal SawhneyDogecoin is a cryptocurrency just like Bitcoin but with a much smaller market cap (about $6 billion). The currency was invented by two software engineers Billy Markus and Jackson Palmer way back in 2013. The currency features a logo of &ldq.....
Ford Doubles Investment on EVs, Warns About Profit Decline
February 06, 2021 12:40 AM GMT| By Hina ChowdharyUS-based automotive giant Ford (NYSE: F) has decided to nearly double its investment in electric vehicles (EVs) to US$ 22 billion through 2025 despite the challenges due to the shortage of semiconductors within the industry. It has not.....
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FTSE 250 Index Surged by 1.24%; Gold and Crude Oil Prices Traded Higher
February 05, 2021 05:33 PM GMT| By Team Kalkine MediaUS Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 5.51 points or 0.14 per cent higher at 3,877.25, Dow Jones Industrial Average Index expanded by 36.36 points or 0.12 per cent higher at 31,0...
Glencore Reports Bleak 2020 Numbers As Pandemic Bites
February 05, 2021 04:19 PM GMT| By Kunal SawhneyAnglo-Swiss multinational commodity mining and trading company, Glencore plc has unveiled its 2020 full-year production report with a significant fall in copper and cobalt production. The production was significantly impacted due to mining suspens.....
Better than injection? All about nasal COVID-19 vaccines in the pipeline
February 05, 2021 04:06 PM GMT| By Kunal SawhneyThe intramuscular route has been thought of as the ultimate way to administer a vaccine. However, intranasal vaccines have multiple advantages of their own, including ease of self-administration and systematic immunity. The nasal route has outstan.....
Advertising Platform Magnite Inc Buys Spotx for $1.17bn
February 05, 2021 02:59 PM GMT| By Kunal SawhneyMagnite Inc (NASDAQ: MGNI), one of the largest independent sell-side advertising forums, has signed an agreement to buy SpotX, a video advertising group from RTL Group, a European broadcasting group for a whopping amount of $1.17 billion in the for.....
UK Retail Footfall Plummets Amid the Third Lockdown
February 05, 2021 10:55 AM GMT| By Kunal SawhneyThe lockdown 3.0 has led to a substantial decline of 76.9 per cent in the number of store visitors during January in contrast to the previous lockdown in the country. According to the UK’s apex trade association British Retail Consort.....
Elon Musk, Back On Twitter, Sends Dogecoin Surging By 50%
February 05, 2021 09:27 PM AEDT| By Ipsita SarkarTesla CEO Elon Musk, back from a two-day Twitter break on Thursday, sent meme-based cryptocurrency Dogecoin surging by over 50 per cent to US$0.059 after he tweeted about the coin. Musk had said in a tweet on Monday afternoon that he would stay aw.....
Technical Overview of Global Tech Giants- Microsoft Corporation and IBM
February 05, 2021 09:55 AM GMT| By Team Kalkine MediaMicrosoft Corporation (NASDAQ: MSFT) has witnessed a sharp rally from the low of USD 212.03 on 15 January 2021 and made a new lifetime high of USD 245.07 (as on 03 February 2021), a gain of ~15.50 percent in this short span. Microsoft Corp. Shoots.....
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FTSE 100 Opens Flat as Investors Remain Cautious, GBP Swings in Green
February 05, 2021 09:52 AM GMT| By Team Kalkine MediaUK stock markets opened on a flat note on Friday, 5 February, as market participants remained cautious ahead of the macroeconomic data release with the Bank of England holding the interest rates at 0.1 per cent in its recent policy meeting. The marke...
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Crude Oil Rally Continues on Declining US Stockpile
February 05, 2021 09:24 AM GMT| By Team Kalkine MediaThe latest Energy Information Administration (EIA) report with crude oil stockpile data has sparked celebrations across the oil industry. The trend in the weekly inventory data has highlighted a drawdown in the levels. Connecting the dots between t.....
Be prepared for negative rates in six months: BoE tells banks
February 05, 2021 07:59 AM GMT| By Team Kalkine MediaThe Bank of England has told the banks to be ready for negative interest rates in the next six months. The Monetary Policy Committee (MPC) has asked the Prudential Regulatory Authority, the national regulatory body for the British banks,&.....
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Remdesivir drives Gilead’s Q4 FY20 sales, sales momentum likely to continue
February 05, 2021 06:23 AM GMT| By Team Kalkine MediaAmerican biopharmaceutical player Gilead Sciences Inc (Nasdaq:GILD) continues to play a central role in the COVID-19 pandemic, with its drug remdesivir (Veklury®). On 4 February 2021, the biopharmaceutical player announced its Q4 and FY 2020 r.....
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Myanmar Military Temporarily Shutters Facebook Access
February 05, 2021 05:15 AM GMT| By Team Kalkine MediaThe military government in Myanmar has temporarily shut down access to social media platform Facebook. The move comes almost a week after the ouster of the democratically elected Aung San Suu Kyi. As per reports, Facebook and its other services, i.....
