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America’s $1.9 trillion COVID-19 Relief Package Passed in the House, What’s next?
February 27, 2021 10:15 PM PST| By Manikang the Bill passed as the previous employment aid programe expires America’s major rescue plan of $1.9 trillion for coronavirus pandemic which was passed in the House on Saturday is now headed to the Senate. The Senate is expected to sta...
Airbnb Raises Recovery Optimism Despite Weak Results
February 27, 2021 06:09 PM PST| By Suhita Poddarhe whole of 2020. However, the company has fared better than its rival companies. The coronavirus pandemic continues to weigh on the travel industry across the world amid the growing number of cases and further implementation of restrictions. U...
Two COVID-19 vaccines that are helping the world get over the pandemic
February 27, 2021 05:20 AM PST| By Team Kalkine MediaSource: siam.pukkato, Shutterstock Summary Pfizer-BioNTech and Oxford-AstraZeneca’s respective COVID-19 vaccines were found to have reduced hospitalization in the UK. The two vaccines also proved effective against the contagious UK varia...
Cryptocurrency Boom: Blockchain Stocks to Look for In 2021
February 27, 2021 05:37 PM AEDT| By AbhijeetSource: pedrosala, Shutterstock Summary Investors might consider taking indirect exposure in digital currencies by investing in London listed blockchain stocks. Blockchain stocks have delivered staggering returns in recent times. World&rs...
US Stocks End Week Mixed on Rate Fears, Bond Yield Rise
February 26, 2021 01:32 PM PST| By Team Kalkine MediaSource: Cezary Piwowarski ,Shutterstock Summary S&P 500 shed 0.48%, Dow Jones plunged 1.50%, and NASDAQ was up 0.56%. Real estate, financials, industrials, energy, and consumer cyclicals saw muted gains. Berkshire Hathaway Inc. to pr...
Bitcoin: A New Asset Class Or Greatest Bubble Of All Time?
February 27, 2021 08:01 AM AEDT| By Team Kalkine MediaSource: 3Dsculptor , Shutterstock Summary Bitcoin as a cryptocurrency does not completely fulfills the mandatory qualities of an asset class. Technology based on blockchain makes bitcoin attractive for online transactions and are immune t...
How Are NZ Businesses Progressing on Climate Change and Sustainability?
February 26, 2021 10:18 AM PST| By RomaSource: cornfield, Shutterstock Summary The Paris Agreement gives sustainability goals to countries. Several organisations from the world over are making stringent efforts to leave a nominal carbon footprint. New Zealand organisations taking...
Blue Origin, Virgin Galactic delay trip to space
February 26, 2021 04:01 AM PST| By Team Kalkine Mediaits spaceflight test from February 2021 to May 2021 due to corrective work going on. As per the reports, two major space ventures have postponed the schedules of their respective space trips. These include Jeff Bezos' Blue Origin, which delayed...
US Tech Stocks Down Due To Attractive Bond Yields
February 25, 2021 08:57 PM PST| By Mark O'Donnellopments. Stocks are down globally, including the ones listed with the NZX and ASX. The US stocks experienced large sell-offs during the trading session of Thursday. Tech stocks were particularly hard hit. The tech-heavy NASDAQ composite dropped...
Tesla (NASDAQ:TSLA) Competing With Fast-Growing China Based EVs
February 25, 2021 07:14 PM PST| By Mark O'DonnellSource: Ascannio ,Shutterstock Summary Investors in China based EV manufacturers hope the companies would build upon their success in China and grab some of Tesla’s global market share. The leading Chinese EV brand Nio has proved in...
MicroStrategy spends US$1 billion to buy more Bitcoins
February 26, 2021 09:28 AM AEDT| By AayushSource:Yourg ,Shutterstock Summary MicroStrategy has bought 19,452 more Bitcoins for an average price of US$52,765 per Bitcoin, totalling to a whopping US$1 billion purchase. Now the company holds 90,531 Bitcoins with a current valuation of ar...
Bitcoin Mania- Bubble or Boom?
February 26, 2021 09:11 AM AEDT| By AayushSource: Phongphan,Shutterstock Every asset’s price that moves quite rapidly in a very short span of time often gets dragged into the debate of “Bubble or a Boom?”. Bitcoin has a history of encountering one of the biggest bubbles of...
Wall Street Ends Lower; What Weighed On Stocks
February 25, 2021 01:58 PM PST| By Team Kalkine MediaSource: G-Stock Studio, Shutterstock Summary S&P 500 fell 2.45%, NASDAQ dropped 3.52%, and Dow Jones shed 1.75%. Industrials, technology, consumer cyclical, energy, and real estate drag down indexes. US economy grew at 4.1% in the fo...
Square (NYSE:SQ) Bitcoin Stake Reaches US$220 Million
February 24, 2021 08:49 PM PST| By Mark O'DonnellroStrategy’s CEO believes Bitcoin could be worth US$100 trillion one day. Square Inc (NYSE:SQ) has recently reported the purchase of US$170 million worth of Bitcoin. The announcement coincides with the release of the merchant payment compa...
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Is GameStop (NYSE:GME) Rallying Again?
February 24, 2021 05:39 PM PST| By Mark O'Donnelltop after testifying before the House Financial Services Committee. The share price of the gaming retailer GameStop Corp (NYSE:GME) was halted at US$91.71 with half an hour left in trading yesterday on the NYSE. The closing price presents ~104%...
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US Stocks Roar Back on Fed Reassurance, Recovery Hopes
February 24, 2021 01:39 PM PST| By Team Kalkine MediaBrands, and others to present earnings reports after markets close. After a brief lull, US stock markets came back strongly to end the session higher on Wednesday, driven by hopes of a faster economic recovery and Fed chief’s reassurances...
Federal Reserve says US unemployment scenario far worse than seen
February 24, 2021 04:56 AM PST| By Team Kalkine MediaSource: Shutterstock Summary Federal Reserve chair Jerome H. Powell said that the US economic revival is incomplete and uneven. Powell said unemployment rate of 6.3% does not give the full picture of the .....
How is the Needle Moving on Greenback Amid Powell’s Latest Comments
February 24, 2021 02:12 AM PST| By Team Kalkine MediaAfter a tumultuous start to 2021, the US Dollar continues to remain volatile with bleak expectations of recovery for the remaining year. Bank experts are of the view that this dismal growth of the greenback was expected to continue throughout 2021 .....
Major shakeup at GameStop; CFO Jim Bell set to quit
February 24, 2021 01:34 AM PST| By Team Kalkine MediaSource: Shutterstock GameStop’s Chief Financial Officer Corp Jim Bell will be leaving the organisation in March this year, the video game giant informed today. The Company, in its official statement, sought to clear the air around the resigna...
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How New Zealanders Can Invest In Different Types Of Cryptocurrency
February 24, 2021 03:31 PM AEDT| By Mark O'Donnellstors from having to purchase and manage digital assets themselves. New Zealanders can invest in Cryptocurrency with little restrictions. There are many different avenues available to New Zealanders, including direct and indirect methods. The m...
