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World news
Big Tech gets bigger in March quarter
May 01, 2021 12:10 AM AEST| By Furquan MoharkanIn the week gone by, five biggest tech companies – Apple Inc (NASDAQ:AAPL), Microsoft Corporation (NASDAQ:MSFT), Alphabet Inc (NASDAQ:GOOG), Amazon Inc (NASDAQ:AMZN) and Facebook Inc (NASDAQ:FB) – announced their quarterly results for t.....
Didi, ByteDance among top Chinese firms set for US IPO in 2021
May 01, 2021 12:05 AM AEST| By Team Kalkine MediaSummary As many as 60 Chinese companies are lined up to launch IPO in the US. China's biggest unicorns ByteDance and Didi Chuxing may hit the US capital market this year. 32 China-based firms raised US$15 billion through IPOs in the US in 2020.....
How have the stocks of Big 5 tech firms responded to their quarterly results?
April 30, 2021 12:37 PM AEST| By Furquan MoharkanMarked by the results of the biggest five tech giants in the US, this week was probably the most crucial one of the ongoing earnings season. Alphabet, Microsoft, Amazon, Facebook, and Apple – all announced their March quarter numbers this wee.....
Intel extends its partnership with Samsung to strengthen the cross-device experience
April 30, 2021 11:59 AM AEST| By Team Kalkine MediaDigitization is becoming noticeable in the present times where you look. The COVID-19 pandemic accelerated the digital transformation. It brought challenges for people, but at the same time, it presented opportunities for many businesses to pursue .....
Amazon’s Net Profit More Than Triples In Q1 As Revenue Hits US$100B
April 30, 2021 11:00 AM AEST| By Team Kalkine MediaAmazon.com, Inc.’s (NASDAQ: AMZN) net income has more than tripled in the first quarter of 2021, backed by strong revenue growth in e-commerce and cloud business, the company said in its earnings report on Thursday, April 29. The technology .....
VISA INC. Price Hits a New Lifetime High
April 30, 2021 07:00 AM AEST| By Team Kalkine MediaSummary VISA INC. gained 1.54 percent in the last trading session and has delivered ~14.81 percent returns in the last one month. Post breaking out of a crucial resistance level the stock hit a new lifetime high. Stock prices are trading in a.....
Robust ad revenue powers Facebook to 48% topline growth
April 29, 2021 01:32 PM AEST| By Furquan MoharkanSocial media behemoth Facebook Inc (NASDAQ:FB) saw a robust topline growth in Q3, owing to massive surge in the advertising revenues. The world’s largest social media company saw its revenues surging by 48% to US$26.17 billion in the quarter.....
US Fed maintains status quo on interest rate, bond purchases
April 29, 2021 12:49 PM AEST| By Furquan MoharkanThe American central bank, the US Federal Reserve (Fed), on Wednesday, maintained the interest rates near zero as part of its easy monetary policy, despite anticipating economic acceleration and higher inflation. The 11 members in the board of gov.....
CDC Asks Vaccinated Americans to Do Away With Masks. Is It Too Early A Decision?
April 29, 2021 12:01 PM AEST| By ManikaSummary CDC announced Wednesday that Americans didn’t need to mask up if they were fully vaccinated. CDC qualified that if going in large gatherings, masks might be needed. Does this guidance signals America’s return to normalcy. .....
Apple net profits double in Q2
April 29, 2021 11:11 AM AEST| By Furquan MoharkanWorld’s largest technology company by market capitalisation, Apple Inc (NASDAQ:AAPL), reported doubling of its net profits in first quarter of the financial year 2021. Apple reported net profit of US$23.63 billion in the quarter ended March .....
Deutsche Bank logs best quarterly show in 28 quarters
April 28, 2021 06:30 PM AEST| By Furquan MoharkanSummary Deutsche Bank reports net profit of EUR908 million – best in 7 years Investment banking propels 14% growth in the revenues Lesser expenses, provisions help the bank Following in the footsteps of its Wall Street peers, German.....
Bitcoin regains lost ground on reports of JPMorgan fund
April 28, 2021 01:15 PM AEST| By Team Kalkine MediaBitcoin (BTC), the most popular cryptocurrency, extended gain on Tuesday as investors took opportunity of the last week’s dip in prices to pile up their digital currency assets. The price of bitcoin climbed as high as US$55,514 in the past 2.....
COVID-19 onslaught at its peak: India marks its deadliest day of pandemic
April 28, 2021 01:00 PM AEST| By Furquan MoharkanThe concerns over have increased manifolds, as the world’s second most populous country – India – marked its deadliest day since the onset of the pandemic. There seemed to be no let-up in the unrelenting onslaught of COVID-19 as .....
NZ Extends Helping Hand to India Amid COVID-19 crisis
April 28, 2021 12:34 PM AEST| By Team Kalkine MediaSummary India is experiencing a harrowing crisis due to COVID-19 with record infections and deaths. The NZ Government assures all possible help to its Indian counterpart. Kiwi players praise the tight bio-secure bubble of the IPL franchises, d.....
Google shares surge on buyback worth US$50 billion
April 28, 2021 11:46 AM AEST| By Furquan MoharkanSummary Google’s shares have surged by 450 bps in the afterhours of trade. The rally has been triggered by a massive buyback. Alphabet Inc has announced blockbuster quarterly results The shares of technology giant Alphabet Inc (NASD.....
Microsoft’s (NASDAQ:MSFT) Q3 Net Profit Up 44% On Cloud Growth
April 28, 2021 09:05 AM AEST| By Team Kalkine MediaSummary Microsoft’s total revenues rose 19% to US$41.7 billion, while its operating income jumped 31% to US$17 billion in the quarter ended March 31, 2021. Microsoft stocks (NASDAQ:MSFT) were trading flat at US$261.97 at 4:00 pm ET on Tue.....
Amazon Stocks (NASDAQ:AMZN) Shine On Stock Split Hopes
April 28, 2021 04:24 AM AEST| By Team Kalkine MediaSummary News of Amazon stock split draws fresh attention to the stocks, whose value jumped nearly 44% over the past year. Amazon is likely to announce its latest quarterly results later this week. Amazon’s net sales had risen by 38% in 2.....
Tesla’s (TSLA) Bet On Crypto & Carbon Credit: A Boon or Bane?
April 28, 2021 02:04 AM AEST| By AnujInvestment in sustainable and eco-friendly companies is at an all-time high on the back of North American governments’ pledge to meet their zero-emission targets by 2050. Although some analysts term this “over-investment” in renewab...
Mining Giant Vale Turns In Stellar Q1 Results On The Back Of Iron Ore Rally
April 27, 2021 07:21 PM AEST| By Team Kalkine MediaSummary Vale S.A. has reported strong 2021 first-quarter financial results. The miner’s Q1 FY21 net income was US$4,807 billion higher than the previous quarter. A week earlier, the miner has announced its 2021 first-quarter production r.....
Which countries are testing the most as COVID-19 explodes?
April 27, 2021 03:56 PM AEST| By Furquan MoharkanThe world is grappling with a deadly second wave of the COVID-19 pandemic. Many countries, like India, Turkey, and Brazil, as of date, are reporting infections and deaths at alarming rates. However, to report the cases accurately, the countries wi.....
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