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APAC markets a mixed bag; commodity price swings in focus
June 17, 2021 11:59 PM PDT| By Furquan MoharkanThe equity markets in Asia-Pacific (APAC) region were a mixed bag on Friday, as Bank of Japan maintained status quo over the monetary policy and investors tracked moves in the commodities space. In Japan, the Nikkei 225 closed near the flatline at t...
Is New Zealand-UK trade deal in the offing?
June 17, 2021 11:56 PM PDT| By RomaSummary Speculation strong on the UK-NZ dairy trade deal. Could mean trade benefits for both the countries. Complete tariffs phase out being talked about. In a recent report, it has been announced that New Zealand and the UK were looking .....
What will Ethereum’s price be at the end of 2021?
June 18, 2021 04:35 PM AEST| By Daniel Paul JohnsSummary Ethereum’s Ether is the second-largest cryptocurrency after Bitcoin, with a market cap of US$273.19 billion. Ethereum is an open software platform that allows users worldwide to create software and applications, making it a &ldquo.....
Why are commodity prices rising and what is its impact on inflation?
June 17, 2021 11:15 PM PDT| By Furquan MoharkanThe rise in the prices in any economy gets one and all unnerved – from the government to the masses. Price rises bring down the purchasing power parity of the buyer. Simply put, it makes common man poorer in the real terms – he can now bu...
What is nuclear energy? What is its importance?
June 17, 2021 10:17 PM PDT| By Team Kalkine MediaSummary Nuclear power is considered as one of the most environmentally friendly and efficient sources of electricity generation. Due to the surging demand for green energy sources globally, nuclear energy is gaining traction as it is among thos.....
Seven unbelievable facts about cryptocurrencies
June 18, 2021 02:43 PM AEST| By AshishSummary Crypto trading has taken everyone by storm in the past few years. With over five million users, cryptocurrencies are steadily getting well-accepted across the world. Nevertheless, cryptos still have a long way to go before they become .....
What is blockchain technology? Why is there an unbelievable hype?
June 17, 2021 08:11 PM PDT| By Furquan MoharkanAs the concept of cryptocurrencies continues to gain traction across the globe, so does the talk around the blockchain technology. For some, especially the not-so-tech-savvy lot, the blockchain technology and cryptocurrency were the same. However, i...
US banks to close early on Friday for Juneteenth Holiday
June 17, 2021 07:45 PM PDT| By Team Kalkine MediaSummary Many corporate offices and organizations such as Google and the National Football League will remain closed for the day. Around 5,000 branches of JPMorgan Chase will close in the second half. Juneteenth, also celebrated as the African A.....
How destructive is energy-intensive crypto mining?
June 18, 2021 12:28 PM AEST| By Team Kalkine MediaSummary Cryptocurrency miners have swarmed the network, attracted by the skyrocketing prices of many cryptocurrencies. The Bitcoin mining process involves high energy consumption, causing a significant threat to the environment. The use .....
Is New Zealand economy at pre-covid levels?
June 17, 2021 05:02 PM PDT| By RomaSummary GDP growth shows pre-covid levels Monetary policy relaxations may occur in wake of improving economy. Domestic business did well enough to make up for international losses. GDP numbers were announced yesterday. Stats NZ anno.....
US jobless claims climb to 412,000 last week after a pause
June 17, 2021 03:57 PM PDT| By Team Kalkine MediaSummary Some states have terminated the federal pandemic benefits checks for some households to stem a labor shortage in the market. The number of jobless benefits claims rose by 37000 to 412,000 last week, the first increase following a five-w.....
US markets close flat as stocks slip on inflation fears
June 17, 2021 03:24 PM PDT| By Team Kalkine MediaMajor US stock markets closed the session flat on Thursday, June 17, as key segments on the indices saw muted movements a day after the Federal Reserve signalled a rate hike by 2023 to curb prices. The S&P 500 was down 0.04% to 4,221.86. The Dow...
After EU, US resolves aviation tariff dispute with Britain
June 17, 2021 01:32 PM PDT| By Team Kalkine MediaSummary US Trade representative Katherine Tai said the deal could serve as a model to counter common challenges from China and other “non-market” economies. The US-UK tariff war had hit businesses hard on both sides of the Atlantic......
US Supreme Court dismisses Trump-backed challenge to Obamacare
June 17, 2021 11:30 AM PDT| By Team Kalkine MediaSummary In a 7-2 ruling on Thursday, the Supreme Court observed the petitioners had no legal standing to file the lawsuit seeking to invalidate the Affordable Care Act. Republicans questioned the legality of a key proviso and sought to know if .....
JPMorgan Chase clinches deal to acquire UK’s roboadviser Nutmeg
June 17, 2021 09:59 AM PDT| By Team Kalkine MediaSummary JPMorgan Chase said the agreement with the London-based company would complement its forthcoming online retail banking operations in the UK. The JPM stock was trading at US$152.08 at 11:24 am ET on Thursday, June 17, down 2.68%. Nutmeg.....
Is pandemic the real reason behind the ‘Bitcoin Boom?’
June 17, 2021 08:17 PM AEST| By Kiara KhannaFor the past two years in my work-from-home stint, news around the Bitcoin has time and again caught my attention. When I look at the way the price of Bitcoin has moved over the last twelve months, I wonder — is the pandemic and the millions of...
Can Dogecoin make millennials rich? How much would it be worth by 2030?
June 17, 2021 07:23 PM AEST| By Team Kalkine MediaSummary Dogecoin was launched in 2014 as a joke designed to satirise other cryptos. Dogecoin’s value and its correlation to celebrity tweets has triggered scepticism among experts. Today, the price of Dogecoin is around US$0.31 cents - a.....
Why was Kiwi dollar not enthused by the better-than-expected GDP numbers?
June 17, 2021 02:12 AM PDT| By ManikaSummary Kiwi dollar struggles to regain lost ground on GDP numbers Aussie and Kiwi had lost their gains on Wednesday after change in the Fed’s’s dovish stand Overall, the good economic news in both countries did not have much impac.....
ANZ expects RBNZ to hike rates in February 2022 after remarkable GDP numbers
June 17, 2021 12:02 AM PDT| By SonalSummary ANZ now expects the RBNZ to hike OCR in February 2022 after the country records strong GDP numbers in Q1 of 2021. Q1 GDP results stunned and failed many economists’ predictions. ANZ stated that inflationary pressure is rising and.....
Is Cardano better than Bitcoin?
June 17, 2021 01:33 PM AEST| By AayushSummary Cardano can be termed as a third-generation cryptocurrency, offering enhanced functionality. Cardano can handle at least 257 transactions a second compared to Bitcoin’s 5 transactions a second. The supply of Cardano is capped at .....
