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World news
Top three GameStop stock’s alternatives
February 08, 2021 08:18 AM AEDT| By Kunal SawhneyThe GameStop (NYSE:GME) mania was one of the most hyped short squeeze events in the US. However, the buying frenzy seems to be running out of steam. GameStop's overboard buying has also turned investors to some other alternatives that probably don&.....
Can Microsoft’s Bing impress Australians if Google opts out?
February 07, 2021 12:35 AM AEDT| By Hina ChowdharyAdding another chapter to the ongoing war between Australian Federal Government and the US tech giant duo Facebook and Google, Microsoft has jumped into the fray. Microsoft has assured the Australian government that if Google pulls out its s...
Ford Doubles Investment on EVs, Warns About Profit Decline
February 06, 2021 11:40 AM AEDT| By Hina ChowdharyUS-based automotive giant Ford (NYSE: F) has decided to nearly double its investment in electric vehicles (EVs) to US$ 22 billion through 2025 despite the challenges due to the shortage of semiconductors within the industry. It has not.....
Glencore Reports Bleak 2020 Numbers As Pandemic Bites
February 06, 2021 03:19 AM AEDT| By Kunal SawhneyAnglo-Swiss multinational commodity mining and trading company, Glencore plc has unveiled its 2020 full-year production report with a significant fall in copper and cobalt production. The production was significantly impacted due to mining suspens.....
Better than injection? All about nasal COVID-19 vaccines in the pipeline
February 06, 2021 03:06 AM AEDT| By Kunal SawhneyThe intramuscular route has been thought of as the ultimate way to administer a vaccine. However, intranasal vaccines have multiple advantages of their own, including ease of self-administration and systematic immunity. The nasal route has outstan.....
Advertising Platform Magnite Inc Buys Spotx for $1.17bn
February 06, 2021 01:59 AM AEDT| By Kunal SawhneyMagnite Inc (NASDAQ: MGNI), one of the largest independent sell-side advertising forums, has signed an agreement to buy SpotX, a video advertising group from RTL Group, a European broadcasting group for a whopping amount of $1.17 billion in the for.....
Technical Overview of Global Tech Giants- Microsoft Corporation and IBM
February 05, 2021 08:55 PM AEDT| By Team Kalkine MediaMicrosoft Corporation (NASDAQ: MSFT) has witnessed a sharp rally from the low of USD 212.03 on 15 January 2021 and made a new lifetime high of USD 245.07 (as on 03 February 2021), a gain of ~15.50 percent in this short span. Microsoft Corp. Shoots.....
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Remdesivir drives Gilead’s Q4 FY20 sales, sales momentum likely to continue
February 05, 2021 05:23 PM AEDT| By Team Kalkine MediaAmerican biopharmaceutical player Gilead Sciences Inc (Nasdaq:GILD) continues to play a central role in the COVID-19 pandemic, with its drug remdesivir (Veklury®). On 4 February 2021, the biopharmaceutical player announced its Q4 and FY 2020 r.....
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Myanmar Military Temporarily Shutters Facebook Access
February 05, 2021 04:15 PM AEDT| By Team Kalkine MediaThe military government in Myanmar has temporarily shut down access to social media platform Facebook. The move comes almost a week after the ouster of the democratically elected Aung San Suu Kyi. As per reports, Facebook and its other services, i.....
Ford Motor focuses on EVs; says semiconductor chip shortage to hit Q1 production
February 05, 2021 04:10 PM AEDT| By Team Kalkine MediaMichigan-headquartered Ford Motor Company announced today that it intends to increase investments in electric vehicles (EVs) and self-driving (or autonomous) vehicles. Earlier, the automaker stated that it would slash shifts at two plants that deve.....
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US to get 3rd COVID-19 vaccine, Johnson & Johnson files Emergency Use Authorization
February 05, 2021 03:08 PM AEDT| By Team Kalkine MediaJohnson & Johnson (NYSE:JNJ) updated the market that Janssen Biotech Inc has submitted an application to the US regulator for an Emergency Use Authorization (EUA) of its COVID-19 vaccine candidate. Let us deep dive and discuss in detail: The .....
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Brazil's Vale Agrees To Cough Up $7Bn In Brumadinho Settlement
February 05, 2021 12:53 PM AEDT| By Team Kalkine MediaBrazilian iron ore mammoth Vale S.A. has reached a deal with the state of Minas Gerais and prosecutors to settle the claims concerning the Brumadinho disaster. The iron ore major will now address the environmental and social damage resulting from th...
Microsoft All Praise For New Media Laws Amid Australia-Google Row
February 05, 2021 12:17 PM AEDT| By Team Kalkine MediaThe Australian government’s ongoing efforts for implementation of new media rules has taken a new turn. The rules proposed by the government are said to support the local businesses amid increasing global competition. With the new rules, the.....
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US stock rally continues; Dow ends up over 330 points
February 05, 2021 08:48 AM AEDT| By Team Kalkine MediaThe US stocks rose on Thursday following three straight positive sessions, as the speculative retail trading frenzy faded and robust corporate earnings and economic data remained in focus. Besides, the rise in vaccine roll-outs in the US adds to th.....
Revelation Biosciences finishes dosing for five single dose cohorts
February 05, 2021 12:17 AM AEDT| By Hina ChowdharyClinical stage life sciences company Revelation Biosciences Inc. announced on 3 February that it has been conceded approval to make an addition of a multiple dose cohort to its Phase-1 clinical study of REVTx‑99 in healthy volunteers by t...
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Fitch Ratings dominates The Asset’s Rating Agency Awards 2020, wins five honours
February 04, 2021 06:24 PM AEDT| By Hina ChowdharyFitch Ratings Inc. dominated ‘The Asset Triple A Rating Agency of the Year Awards 2020’ by winning five awards. The credit rating agency won in the categories including Corporate, ESG, Public Finance and Sovereign Rating Agency of the Y.....
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Apple to reportedly invest USD 3.6B in Kia for EVs production
February 04, 2021 05:19 PM AEDT| By Hina ChowdharyThere has always been speculation around Apple Inc (NASDAQ: AAPL) entering the growing EV market, though the iPhone maker never officially commented on it. Media is abuzz with reports of an imminent Apple-Kia Motors deal worth 3.6 billion.....
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BNPL stocks react after the UK proposed regulatory changes
February 04, 2021 03:55 PM AEDT| By Team Kalkine MediaThe unsecured credit market has been expanding with each passing year. The growing need for credit has risen for the diverse range of goods, demanded by consumers. The popularity of digital lending in the recent past has further expanded the credit.....
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PayPal caps off 2020 in style with record numbers
February 04, 2021 03:03 PM AEDT| By Team Kalkine MediaBuoyed PayPal Holdings Inc. (NASDAQ:PYPL) today unveiled an excellent set of numbers to present the fourth-quarter and full-year 2020 results. Riding high on the consumers’ shift towards online payments amid the pandemic, the fintech giant cl.....
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GameStop’s shares closed higher as company makes new leadership appointments
February 04, 2021 02:30 PM AEDT| By Team Kalkine MediaGameStop shares have lost significant value after smashing through the roof last week. On Wednesday, the meme stock closed 2.68% higher at $92.41, but GME shares were nearly 4% lower in the after-hours trading. Copyright © 2021 Kalkin.....
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