AUS
NZ
UK
CA
USA
IND
World news
US stocks end flat on positive economic outlook
June 29, 2021 02:36 PM PDT| By Sanjeeb BaruahBenchmark US indices closed flat on Tuesday, June 29, after technology and economy-linked stocks logged modest gains in intraday trading marked by high enthusiasm following consecutive record closings of the S&P 500 and NASDAQ Composite in the pr...
Major APAC markets tread in the red zone
June 29, 2021 02:40 AM EDT| By Furquan MoharkanMost of the equity markets in the Asia Pacific (APAC) region were in the red on Tuesday, despite Wall Street indices clocking a record high overnight. In Mainland China, stocks were down by the afternoon: the Shanghai Composite Index was trading 95...
Wall Street banks are hosting a dividend party. Here’s why
June 29, 2021 01:33 AM EDT| By Furquan MoharkanEvery year, investors eagerly wait for capital allocation from the companies they hold positions in. Capital allocation can happen through dividend payouts, buybacks, and issue of bonus shares, among others. Among these, dividend is one of the most...
Klay, Binance and the ban: All this happened within a week
June 29, 2021 12:46 AM EDT| By Furquan MoharkanKlaytn, the public blockchain project of the South Korean Internet giant Kakao, on June 24, announced the official listing of its KLAY token on Binance -- world's largest crypto exchange by volume. On that day, the cryptocurrency seemed to have reve...
Facebook joins the trillion-dollar club for the first time
June 28, 2021 09:33 PM EDT| By Furquan MoharkanAmerican tech multinational giant Facebook Inc (NASDAQ:FB) became the latest company to cross US$1 trillion valuation mark, joining the elite club of tech only companies. The shares of the company that operates some of the largest social media platf...
.jpg)
S&P 500, NASDAQ make record closes as tech stocks rally
June 28, 2021 03:22 PM PDT| By Sanjeeb BaruahThe S&P 500 and the tech-heavy NASDAQ Composite closed at record highs on Monday, June 28, providing a strong headstart to the week as investors waited for a new set of economic data and a critical OPEC meeting this week whose outcome might sway...
.png)
Which digital coin is winning the cryptocurrency race?
June 28, 2021 03:45 AM EDT| By Furquan MoharkanCryptocurrencies have been all the rage – especially this year. Digital assets have given such returns over the years, that they have beaten the riskiest assets out there fair and square. Even though i...
APAC markets mixed on Chinese industrial numbers; HK trading delayed
June 28, 2021 01:57 AM EDT| By Furquan MoharkanThe equity markets across the Asia Pacific (APAC) region were a mixed bag on the Monday morning, as Chinese industrial profits for May witnessed a slowdown. In Mainland China, stocks were trading in the green during morning trade hours: the Shanghai...
What’s brewing in the cryptocurrency world? Here are some of the hottest developments
June 27, 2021 11:53 PM EDT| By Furquan MoharkanCryptocurrencies, unlike the traditional money and equity markets, operate round the clock, throughout the year. So, unlike stock, currency, money, or oil markets, there are no weekends when it comes to crypto. As a result, the buzz around cryptocur...
Why do governments go for lockdowns to battle COVID-19?
June 27, 2021 10:58 PM EDT| By Furquan MoharkanThe menace around the COVID-19 pandemic seems to be picking up the momentum, yet again. The monster virus has already churned out its new variant that is making up almost half of the growing daily cases in the UK. On a lighter note, COVID-19 seems t...
Pfizer, Moderna COVID-19 vaccines under the lens as FDA adds heart inflammation warning
June 27, 2021 12:29 AM EDT| By Mohammad ZaidSummary The US FDA has added a warning for Pfizer and Moderna COVID-19 vaccines to suggest an unusual risk of heart inflammation. Experts believe that the benefits of receiving vaccines outweigh the risks associated with them. WHO scientists h.....
Volkswagen shifts focus on EVs as it plans to move away from combustion engine sales
June 27, 2021 12:13 AM EDT| By Mohammad ZaidSummary Growing concerns around sustainable modes of transportation are compelling leading automakers to take initiatives that are boosting electric vehicles demand. German auto giant Volkswagen is planning to focus more on electric vehicles an.....
Carbon-tracking startups sprout as climate action takes centerstage
June 26, 2021 06:16 PM EDT| By Team Kalkine MediaAs climate change issues gain traction globally, many carbon-tracking startups are popping up across the world. And guess what? Their clients are ready to pay hefty amounts to get accurate forest data that can help determine carbon presence or seques...
How covid is changing our fitness habits
June 26, 2021 06:13 PM EDT| By Team Kalkine MediaCovid has been an eye-opener for most people. It showed how a virus can wreak havoc in society, destroy lives and economies, but most importantly, it underscored the importance of health in life. Shaken and heartbroken by the daily deluge of disturb...
John McAfee found dead in jail: A peek into the software titan’s life
June 26, 2021 10:17 AM EDT| By Furquan MoharkanJohn McAfee, the security software pioneer who seemed to live his life on the edge while mired in a gamut of legal woes, was found dead in his jail cell near Barcelona on Wednesday. Mr. McAfee reportedly died by suicide hours after a Spanish court a...
Why NATO sees climate change as a major threat?
June 26, 2021 06:08 AM EDT| By Team Kalkine MediaClimate change has wreaked havoc across the world with heatwaves, droughts, floods, and icy weather conditions, killing millions of lives in these catastrophic events. While the EU already has an overarching framework to address the issue, its milita...
US stocks close week on positive note as financials lead
June 25, 2021 02:23 PM PDT| By Sanjeeb BaruahBenchmark US indices closed the week on a positive note on Friday, June 25, as stocks saw broad gains led by financials despite some minor pushback from the tech segment. The S&P 500 was up 0.33% to 4,280.70. The Dow Jones gained 0.69% to 34,433...
Asia’s richest man moves to internationalise his company
June 25, 2021 02:23 AM EDT| By Furquan MoharkanAsia’s richest man – billionaire Mukesh Ambani – has announced the appointment of Yasir Al-Rumayyan, Chairman of Saudi Aramco and Governor of Public Investment Fund (PIF), to the board of Reliance Industries Limited (RIL). "His joi...
APAC markets, except NZ, bask in a sea of green on US cues
June 25, 2021 01:02 AM EDT| By Furquan MoharkanAll the equity markets in the Asia Pacific (APAC) region, save New Zealand, were trading in green on Friday, following in the footsteps of its peers in the US. In Japan, the benchmark Nikkei 225 was up 81 basis points at the time of filing this copy...
Why are policymakers averse to cryptocurrency?
June 25, 2021 12:59 AM EDT| By Furquan MoharkanRarely do we find a situation when policymakers are averse to allow any new asset class in their domain. Policymakers usually treat an asset class as a new investment option. However, when it comes to cryptocurrency, policymakers seem to be singing...
