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APAC shares in red after Fed signals rate hikes in 2023
June 16, 2021 07:43 PM PDT| By Furquan MoharkanThe equity markets in the Asia Pacific (APAC) region were trading in red on Thursday after the US Federal Reserve signalled at preponing the hike in interest rates to 2023. The move by the Fed has cut short the record run of the benchmark Australi.....
Why ASB is slapped with a $8.9 million penalty
June 16, 2021 06:47 PM PDT| By SonalAfter the Commerce Commission’s warnings to one of the largest banks in New Zealand, ASB bank, of overcharging borrowers on early repayment adjustment (ERA) fees, the bank will pay back roughly $9 million to its customers. The bank failed to.....
Fed signals rate hike by 2023, expects 7% GDP growth this year
June 16, 2021 06:39 PM PDT| By Team Kalkine MediaSummary Currently, the bank’s interest rates are near zero; it also buys around US$120 billion worth of treasury bonds at low-interest rates monthly. Fed Chairman Jerome Powell said discussions would continue before a final decision; he d.....
US Federal Reserve shifts its rate hike timeline to 2023
June 16, 2021 06:38 PM PDT| By Furquan MoharkanSummary The US Fed has raised the inflation expectations for this year. The central bank has brought forward the timeline for rate hikes. The Dow30 slipped in the red after the announcement. Raising the estimates for the inflation this ye.....
How Does The Quantity Theory of Money Serve Digital Currencies?
June 17, 2021 11:21 AM AEST| By Jack Bryan ( Guest)Cryptocurrencies have gained huge momentum over the past few months, following Bitcoin’s explosive rally, which closed in at $64,000 in mid-April. However, amid the rise of this speculative asset class is a volatile market, which has been pushi...
New Zealand just escaped recession, GDP grows by 1.6% in March quarter
June 16, 2021 05:17 PM PDT| By ManikaSmmary Stats NZ announced today that GDP grew by 1.6% in the March quarter. NZ escaped a double-dip recession. RBNZ in its May Monetary Policy had predicted a dip in GDP again. Stats NZ revealed today that the Gross Domestic Product (GDP).....
Golden Mile to be a car free zone soon?
June 16, 2021 05:08 PM PDT| By RomaSummary Golden Mile envisioned to be car-emission free in the next three years. Affordable housing instead of pre-1930 homes proposed as a solution to the growing housing concern. Resistance being faced by retailers who believe this move will .....
What is SafeMoon crypto?
June 17, 2021 09:04 AM AEST| By Team Kalkine MediaSummary SafeMoon is a cryptocurrency and costs only a few cents. It's cheaper than any other cryptocurrencies. SafeMoon charges 10% of its value as a fee from the seller. It has teamed up with the UK-based financial company Simplex for payment.....
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US stocks dip on Fed's rate-hike plan for 2023
June 16, 2021 03:10 PM PDT| By Sanjeeb BaruahBenchmark US indices closed lower on Wednesday, June 16, after the Federal Reserve signalled that it might consider increasing the interest rates in 2023 if the inflationary pressures do not ease. The S&P 500 was down 0.54% to 4,223.70. The Dow...
Ten stocks under US$50 to explore
June 16, 2021 01:33 PM PDT| By Team Kalkine MediaSummary The Simply Good Foods Company reported a net income of US$19.9 million in Q2 of 2021. Corning Incorporated reported core sales of US$3.3 billion, or US$0.67 per share in Q1 of 2021. Arrival Ltd. had US$625 million in cash and cash equi.....
What will Bitcoin be worth in 2025?
June 16, 2021 08:51 PM AEST| By Furquan MoharkanBack at the beginning of twentieth century, a gentleman named Joseph C Wilson started a company named Xerox Corporation in Rochester, New York, United States. The company gained expertise in manufacturing the photostat machines. Such was the impact o...
Will Dogecoin reach $5?
June 16, 2021 08:39 PM AEST| By Team Kalkine MediaSummary Dogecoin has been the most popular Altcoin since its inception. It has recently touched a high of US$0.64 on 8 May 2021, and investors started speculating new heights for it. Being a popular cryptocurrency, its inherent volatility is w.....
Ether vs Ethereum: What is the difference?
June 16, 2021 07:16 PM AEST| By Daniel Paul JohnsSummary Ethereum is a decentralised blockchain, within which Ether is the platform’s currency. Ethereum cannot be bought and sold, whereas Ether can be bought and sold. The difference between Bitcoin and Ethereum is, although both use blo.....
What is Superannuation Fund and how it is different from KiwiSaver?
June 16, 2021 01:08 AM PDT| By ManikaSummary Superannuation Fund is a sovereign wealth fund. It is for people above 65 years of age. It invests in equities in NZ and overseas. It provides supplemental income to the Kiwis. Superannuation Fund in New Zealand is a governm.....
Crude oil rises 44% YTD, stoking up inflationary pressure
June 16, 2021 12:10 AM PDT| By Furquan MoharkanThe prices of brent crude have surged by 44% in the calendar year 2021, which has been adding to the inflationary pressure across the economy. Brent crude oil prices, as on date, stand at US$74.62 a barrel, compared with US$51.8 a barrel on close of...
Rocket Lab gains NASA contract for the Martian mission 2024
June 15, 2021 10:45 PM PDT| By Jasmine AnandSummary Rocket Lab wins NASA contract to build two small Photon spacecraft for the Mars mission, set to be launched in 2024. The low-cost inter-planetary mission would give better insights into the solar system. Rocket Lab pushes its NASDAQ li.....
Have these 5 stocks been most active on NZX today?
June 15, 2021 10:36 PM PDT| By RomaSummary Canterbury floods to have caused multitude of claims from Tower Limited. Investor day to be held virtually by Sky Network Television limited Oceania Healthcare recorded good business despite the pandemic. Depending on various mark.....
Is virtual reality the future of eSports?
June 15, 2021 10:06 PM PDT| By Sonal SinhaSummary The eSports industry grew massively in 2020 as gaming became the main source of entertainment for people restricted to their homes during the pandemic. The global digital PC games market is likely to grow at a double-digit CAGR and cros.....
APAC markets mixed as Japan export data misses estimates
June 15, 2021 08:08 PM PDT| By Furquan MoharkanSummary APAC markets mixed ahead of the US Fed’s policy decision announcement. Japan’s export data for May has missed estimates. China is set to release retail sales numbers. The shares across the Asia Pacific (APAC) region we.....
When will COVID-19 be over?
June 15, 2021 07:50 PM PDT| By Furquan MoharkanIn January 2020, I had a bout of cold. As a precautionary measure I wore a mask to the office. It was before COVID-19 became the monster it is known as now. One of my colleagues joked: “do you have Corona?”. That day, the number of globa...
