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World news
Auto industry back on track? Detroit 3 posts robust Q4 results
March 22, 2021 07:07 PM AEDT| By Team Kalkine MediaSource:Jenson, Shutterstock Summary The Detroit 3 automakers - Ford Motor, General Motors, and Fiat Chrysler Automobiles - posted robust earnings in their fourth quarter ended 31 December 2020. Ford’s adjusted EPS during the three months...
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Is US FED Also Slipping Into a Liquidity Trap Like the Bank of Japan?
March 22, 2021 07:01 PM AEDT| By ManikaSource: Freedomz, Shutterstock Summary Federal Reserve (Fed) could be getting into a liquidity trap Fed Chairman, Jerome Powell said last week that America is officially trapped below zero After making all the efforts to keep the businesses a...
Railsbank forays into the Australian market with Volt Bank partnership
March 22, 2021 02:22 PM AEDT| By Team Kalkine MediaSource: Dilok Klaisataporn, Shutterstock Summary Banking as a service platform, Railsbank has partnered with Australian Volt Bank to target the country’s embedded finance market. Railsbank would leverage Volt Bank’s BaaS platf...
4 Drone Stocks From Across The World To Watch In 2021
March 22, 2021 01:55 PM AEDT| By Mark O'Donnellwing article details four drone companies working across the breadth of the industry. Drone technology has advanced to the point that serious consideration is being given to its commercial and industrial application. The drone industry is expect...
Is Nokia Due For A Comeback In 2021?
March 22, 2021 01:23 PM AEDT| By Mark O'DonnellSource: Arnold O. A. Pinto, Shutterstock Summary Nokia was once a leading technology company that has largely fallen from favour. However, the Finnish technology Company generated €6.568 billion in Q4 2020. Nokia is vying to be a ma...
FedEx Q3 Income Soars 153% As E-Commerce Deliveries Surge
March 21, 2021 07:15 PM AEDT| By Team Kalkine MediaSource: Carlos Yudica, Shutterstock Summary FedEx stocks jumped nearly 133 percent over the past year as the company’s profits grew. Its revenues for Q3 ended February 28, 2021, grew 23 percent to US$21.5 billion. Its average daily pack...
Coinbase Pays US$6.5 Mn Penalty Over False Data Amid IPO Talks
March 21, 2021 07:10 PM AEDT| By Team Kalkine Medialeading data potentially inflated the volume of its digital assets, it noted. Coinbase Global Inc., the world’s largest crypto exchange, has paid a US$6.5 million penalty on charges of falsifying transaction data that may have possibly inf...
Elon Musk Says Tesla May Be Shut Down If Its Cars Spied In China
March 21, 2021 07:05 PM AEDT| By Team Kalkine MediaSource: canadianPhotographer56, Shutterstock Summary Military restricted the use of Tesla cars on military compounds over security concerns. Ban was triggered by fears that Tesla cars might be used to collect military data. China accounted fo...
US Stocks Notch Modest Weekly Loss As Bond Yield Retreats
March 20, 2021 01:12 PM AEDT| By Team Kalkine MediaSource: jo.pix, Shutterstock Summary S&P 500 dropped 0.06%, Dow Jones fell 0.71%, and NASDAQ gained 0.76%. Google to spend US$7 billion on offices and data centers, hire 10,000 staff. JPMorgan to purchase US$410 million stake in China Mer...
Will QSuper and Sunsuper’s A$200b Superannuation Fund save money for its members?
March 20, 2021 02:46 AM AEDT| By Team Kalkine MediaSource: simez78, Shutterstock Summary The two funds initiated formal talks regarding the merger in the month of March 2020. The proceedings will commence from September 2021. QSuper is coming up with A$120-billion assets while Sunsuper has A$...
China Leading The World In Wind Energy Market
March 19, 2021 02:39 PM AEDT| By Mark O'Donnelli> Total worldwide wind-energy capacity is set to touch 1000 Gigawatts by 2024. Wind farms were one of the most popular renewable energy projects in 2020. The country building the most wind farm capacity is China. In 2020, China alone managed t...
GameStop Quarterly Earnings Report Due. What Is Next For The Meme Stock?
March 19, 2021 11:31 AM AEDT| By Mark O'DonnellSource: rarrarorro ,Shutterstock Summary GameStop stock has fallen 23.8% since the close of last week Friday’s market session. The gaming retailer’s earnings report for quarter ended January 2021 is due to hit the market next...
US Stocks Tumble Amid Supply Chain Woes, Bond Rally
March 19, 2021 08:25 AM AEDT| By Team Kalkine MediaSource: Creative Stock Studio Shutterstock Summary S&P 500 rose 0.29%, Dow Jones was up 0.58%, and NASDAQ gained 0.40%. HSBC to sell its lossmaking French retail bank to US equity research firm Cerberus Capital. China to invest US$2....
Fintech player SumUp raises capital worth €750m to fund global expansion
March 18, 2021 08:07 PM AEDT| By Team Kalkine MediaSource: Olena Yakobchuk, Shutterstock Summary London-based SumUp has raised a debt of €750 million from existing and new investors. Goldman Sachs, Bain Capital, Temasek and Crestline were the primary investors along with funds managed by...
NHTSA To Investigate Another Tesla Crash Involving Autopilot
March 18, 2021 07:02 PM AEDT| By Suhita PoddarSource: TierneyMJ, Shutterstock Summary The US National Highway Traffic Safety Administration has formed a special crash investigation team to investigate a crash involving Tesla’s Model Y. The car was running on Autopilot in Michigan an...
US Banks’ Increasing Exposure To Chinese Market
March 18, 2021 02:58 PM AEDT| By Mark O'DonnellSource: Mike Flippo ,Shutterstock Summary The Chinese Market is increasingly alluring the world biggest banks. The US and European banks are increasing their exposure to the world’s second-biggest economy. While the Chinese market i...
Carbon Neutral Goal Setting By Multinational Brands
March 18, 2021 01:20 PM AEDT| By Mark O'DonnellSource: PH.MarkoStanojevic ,Shutterstock Several big multinational brands have announced plans to transform their businesses and go carbon neutral. Big brands are beginning to recognise their environmental responsibility and plan to cater to co...
How oil trader Vitol cashed in on 2020 oil glut to score record profit
March 18, 2021 01:15 PM AEDT| By Team Kalkine MediaSource: Oil and Gas Photographer, Shutterstock Summary Commodity trading behemoth Vitol has registered a record profit in 2020. Most of the oil traders booked huge profits in the second half of 2020, capitalising on the market volatility...
Luxury Retail Stocks Paying Off In 2021
March 18, 2021 11:54 AM AEDT| By Mark O'DonnellSource: Mihai_Andritoiu, Shutterstock Summary Luxury retailers have performed surprisingly well over the past year and a half, attracting customers and investors. LVMH has a wide range of products and customer base to weather downturns in...
US Markets End Higher After Fed Statement, Stocks Trim Losses
March 18, 2021 08:40 AM AEDT| By Team Kalkine Mediacan Airlines Group secures $10 billion loan to pay-off its government debts. US stocks edged higher on Wednesday after the Federal Reserve highlighted the growth momentum in the economy and kept the interest rates steady, and tech, consumer cycl...
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