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US stocks edge higher after weak start in early trade
October 06, 2021 02:50 PM PDT| By Sanjeeb BaruahBenchmark US indices closed higher on Wednesday, October 6, as stocks recovered following a weak start to the trading day and bullish sentiments rose after lawmakers sealed a debt-ceiling deal. The S&P 500 was up 0.41% to 4,363.55. The Dow Jones...
Crude futures hit three-year high; what’s driving the rally?
October 06, 2021 06:48 PM AEDT| By Furquan MoharkanThe prices of crude oil in the international markets have surged by a whopping 27% in the past one and a half months as the world continues to face the energy crunch. The December 2021 Futures of benchmark crude were trading at US$83 a barrel, up .....
What is a DApp platform? Is it secure to use?
October 06, 2021 05:46 PM AEDT| By Jasmine AnandHighlights Decentralised applications, popularly known as DApps, are innovative open-source, P2P network, allowing developers to create online tools, which are of the interest to businesses. These new-age software ecosystems are both secu.....
World View to charge US$68,585 for Epic Balloon Rides to the space.
October 06, 2021 03:58 PM AEDT| By SamtaHighlights World View Enterprises is developing a balloon-based system to carry people to the stratosphere. Passengers will float above the stratosphere on Spaceship Neptune. company is planning to charge US$68,585 per person and is currently.....
Sonde introduces vocal features to check mental health
October 06, 2021 03:04 PM AEDT| By Tripti JoshiHighlights To help users manage their mental wellness, Sonde Health has introduced voice-powered Sonde Mental Fitness. The voice-powered technology of Sonde Mental Fitness uses a short voice recording to detect and monitor mental well-being. S.....
Is Victoria premier Daniel Andrews under IBAC lens?
October 06, 2021 01:47 PM AEDT| By Furquan MoharkanVictorian Premier Daniel Andrews and a senior public servant have reportedly come under the scanner of anti-graft agency Independent Broad-based Anti-Corruption Commission (IBAC). The IBAC has been investigating their role in controversial deals that...
What does APRA’s new move on home loans mean for borrowers?
October 06, 2021 01:42 PM AEDT| By Furquan MoharkanIn a move that will make it harder for some borrowers to get a mortgage, the prudential regulator of the Australian financial services industry has announced stricter serviceability tests for home loans. In a letter to lenders, the Australian Pruden...
US stocks edge higher as big tech firms reap gains
October 05, 2021 02:54 PM PDT| By Sanjeeb BaruahBenchmark US indices bounced back strong to close higher on Tuesday, October 5, boosted by robust gains in the technology sector. Economy-linked stocks also saw significant gains. The S&P 500 was up 1.05% to 4,345.72. The Dow Jones rose 0.92% to...
Evergrande contagion spreads: Another Chinese developer defaults
October 05, 2021 08:08 PM AEDT| By Furquan MoharkanHighlights The China Evergrande fiasco seems to be spreading. Chinese developers Fantasia Holdings and Sinic Holdings are in soup over their strained cash flow situations. Fantasia has total liabilities of CNY82.9 billion. The stress eman.....
RBA holds fire on rate cuts, expects COVID-19 impact to be temporary
October 05, 2021 06:43 PM AEDT| By Furquan MoharkanHighlights The central bank maintains interest rate and the bond rate. The bond buying programme is set to continue at AU$4 billion till mid-February. The impact of COVID-19 is likely to be temporary in nature The Reserve Bank of Australi.....
COVID-19: Massive spike in infections in Victoria ups Australian tally
October 05, 2021 04:19 PM AEDT| By Furquan MoharkanHighlights Massive surge in cases around northern Melbourne. Australia reported 14,379 infections in the last seven days In the last seven days, the daily infections have doubled. The southeastern state of Victoria is seeing a massive sur.....
Why Musk’s tweet about his dog did wonders for Shiba Inu
October 05, 2021 02:58 PM AEDT| By Jasmine AnandHighlights Elon Musk can't let go his temptation of tweeting about cryptocurrencies, especially meme-themed crypto coins. Recently, he posted a picture of his pet Shiba Inu, Floki, which led to the price rise of the coin. Many opine that it in.....
Facebook restores services after nearly six-hours of outage
October 05, 2021 01:22 PM AEDT| By Furquan MoharkanHighlights All three social media services owned by the company– Facebook, Instagram and WhatsApp were functional only after a global outage of almost six hours. Outage detector Downdetector said that it was the largest failure with arou.....
What’s Pandora Papers all about?
October 05, 2021 12:38 PM AEDT| By Furquan MoharkanThe Pandora Papers – pegged as the world’s largest expose of hidden wealth – is a collection of almost 12 million leaked documents that reveal tax avoidance and, in some of the cases, money laundering. The names exposed in it includ...
US markets retreat as technology stocks dip
October 04, 2021 02:37 PM PDT| By Sanjeeb BaruahBenchmark US indices retreated on Monday, October 4, dragged down by losses in technology and communication stocks amid mixed signals. The S&P 500 fell 1.30% to 4,300.46. The Dow Jones was down 0.94% to 34,002.92. The NASDAQ Composite fell 2.14%...
Which companies accept Dogecoin as payment?
October 04, 2021 03:35 PM AEDT| By Jasmine AnandEarlier, when somebody talked about making purchases through a QR scan, transferring cryptocurrency from one wallet to another, it sounded like a process related to sci-fi. But, in present times, it has become a reality, as more and more retail out.....
Tesla’s (TSLA) robust sales beat expectations despite chip shortage
October 03, 2021 05:01 PM AEDT| By Anam SiddiquiTesla, Inc. (NASDAQ: TSLA) continues to make a splash in the global automotive industry on the back of its growing sales and out-of-the-box plans. The Palo Alto, California-based Company reported the sales of 241,300 electric vehicles worldwide, ex.....
Uncertainty around economic recovery deepens amidst the global supply chain crisis
October 03, 2021 05:00 PM AEDT| By Anam SiddiquiHighlights The rise in demand in the past couple of months has resulted in a global supply chain crisis. The demand for energy, goods, labour and transportation has surged significantly across several economies. The energy crisis h.....
US markets close higher as tech, energy stocks gain
October 01, 2021 02:02 PM PDT| By Sanjeeb BaruahBenchmark US indices edged higher on Friday, October 1, after technology, energy, and communication stocks registered handsome gains lifted by positive economic data. The S&P 500 was up 1.15% to 4,357.04. The Dow Jones gained 1.43% to 34,326.46....
COVID-19 lockdowns hit Aussie jobs; vacancies drop 10%
October 02, 2021 12:00 AM AEST| By Furquan MoharkanJob vacancies in Australia have seen a 9.8% decline in the three-month period between May and August 2021, as some of the major cities in the country were placed under lockdowns to battle the third wave of the COVID-19 pandemic. According to the l.....
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