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World news
COVID-19: What is Delta plus? Is it more dangerous than other strains?
June 24, 2021 11:08 PM EDT| By Furquan MoharkanThe Delta plus variant of COVID-19 has been fast spreading across the globe. This has raised alarm bells among the policy makers – with some of them scared, while others adopting a wait and watch strategy. The three countries, which have seen...
NASDAQ, S&P 500 hit all-time highs after infra deal, labor recovery
June 24, 2021 03:25 PM PDT| By Sanjeeb BaruahBlue-chip S&P 500 and NASDAQ Composite closed at all-time highs on Thursday, June 24, after markets responded positively to the news of President Biden’s US$1 trillion infrastructure deal and continued recovery of the US labor market, criti...
APAC markets end flat on mixed sentiments
June 24, 2021 04:33 AM EDT| By Furquan MoharkanThe equity markets in the Asia Pacific (APAC) region closed mostly flat on a day when the sentiments across the geography seemed mixed. In Mainland China, shares closed mixed as the Shanghai Composite Index ended the trading day largely around the f...
Is Grayscale Bitcoin trust an ETF?
June 24, 2021 01:10 AM EDT| By Furquan MoharkanThe world’s largest cryptocurrency, Bitcoin, has been one of the world’s most talked-about assets in 2021. Bitcoin prices, displaying a volatility worse than that of penny stocks, have had wild swings in last five months of this year. Sh...
Does investment maestro Warren Buffet trade in penny stocks?
June 23, 2021 11:08 PM EDT| By Furquan MoharkanWarren Buffett, undoubtedly, has been the world’s most successful serial investor. With a net worth of over US$100 billion, Mr Buffett at one point in time, was the world’s richest man. He and Bill Gates of Microsoft Corporation used to s...
US markets close mixed as financials, energy stocks advance
June 23, 2021 03:26 PM PDT| By Sanjeeb BaruahBenchmark US indices closed mixed on Wednesday, June 23, after financials and energy scrips advanced, while other stock segments remained subdued. The S&P 500 was down 0.11% to 4,241.84. The Dow Jones declined 0.21% to 33,874.24. The NASDAQ Comp...
COVID-19 a tailwind for pet care: What does the future hold?
June 22, 2021 04:36 AM EDT| By Tripti JoshiSummary With pet owners spending more time with their pets, the animal health industry has witnessed a significant boost over the past 12 months. Amid the COVID-19 pandemic, pet therapy has become a popular medicine for humans. Several advance.....
What’s the link between ByteDance and TikTok?
June 22, 2021 02:37 AM EDT| By Tripti JoshiByteDance, the most valuable start-up in the world, is the developer of social networking services and video-sharing apps such as TikTok and Douyin. Douyin is the Chinese-specific counterpart to TikTok. ByteDance was founded by Zhang Yiming in Marc.....
Bitcoin in a freefall as China doubles down on crypto crackdown
June 21, 2021 09:52 PM EDT| By Furquan MoharkanBitcoin, Ethereum and Ripple coins - largest cryptocurrencies by market capitalisation. The price of the world’s largest cryptocurrency – Bitcoin – has now crashed more than 10% in the last 24 hours as China further tightened...
Rebound in energy, industrial stocks lift Wall Street
June 21, 2021 02:59 PM PDT| By Sanjeeb BaruahBenchmark US indices closed higher on Monday, June 21, after the Dow Jones Industrial Average jumped 580 points as energy and industrial stocks rallied sharply amid a strong economic rebound. The S&P 500 was up 1.40% to 4,224.79. The Dow Jones r...
Amazon (NASDAQ: AMZN) Prime Day sale kicks off; 2 mn deals on offer
June 21, 2021 02:09 PM EDT| By Team Kalkine MediaSummary Two-day Amazon Prime Day sale has 2 million products on offer across 20 countries. In 2020, Amazon’s Prime Day sales were up 45.2% to US$104 billion from the previous year. Macy’s, Kohl’s, Walmart, Bed, Bath & Bey.....
China intensifies crackdown on crypto mining industry
June 21, 2021 01:02 PM EDT| By Team Kalkine MediaChina has intensified a crackdown on the crypto mining industry over the weekend, renewing calls to national banks and private payment platforms such as Alipay not to offer their services to cryptocurrency exchanges and miners. The Chinese authori.....
What is all the brouhaha about the Amazon Prime Day?
June 21, 2021 03:03 AM EDT| By Furquan MoharkanShopping is one thing that almost everyone loves – that is when you have the purchasing power to buy things. You get to buy the things you have always wished for. It sparks a sense of instant gratification, elevating your dopamine levels. Howe...
This IPO raised over $29 billion, plus other biggest global IPOs of all time
June 21, 2021 01:00 AM EDT| By SonalThe first thing that is needed to start a business is money or capital due to higher costs and inconsistent revenues initially. People can get money by putting in their own capital, raising capital by getting investors or by getting loans from banks....
Massive sell-off in APAC shares; Japanese & Australian markets in deep red
June 20, 2021 11:55 PM EDT| By Furquan MoharkanThe equity markets in Asia-Pacific (APAC) region witnessed a heavy sell-off on Monday as the Federal Reserve’s hawkish stance on monetary policy continued to weigh heavily on the markets. Japan was the worst performer in the region with the Ni...
What exactly does Federal Reserve do?
June 20, 2021 11:17 PM EDT| By Furquan MoharkanA country’s economy can be compared to a chariot driven by two different horses - the government and the central bank. While the government is involved in giving broader push to economy, the central bank takes the responsibility (which may, at...
What is meatless meat? Is it slowly replacing animal-based meat?
June 20, 2021 10:50 PM EDT| By Tripti JoshiSummary Plant-based meat, or meatless meat, is an essential element for people who prefer a vegan diet and adopt a lifestyle devoid of animal-based foods. Plant-based meats are often low in calories and saturated fat while having high fibre and.....
Amazon Forecast to Hold Leading Ecommerce Position with Prime Day
June 20, 2021 05:01 AM EDT| By Suhita PoddarSummary E-commerce retail giant Amazon is holding its annual prime day online shopping sale event on June 21. The event is expected to help the company capture over 40 per cent of total US digital sales by the end of 2021, thus retaining its le.....
EU Loses Legal Battle Against AstraZeneca to Speed Up Vaccine Deliveries
June 20, 2021 04:59 AM EDT| By Suhita PoddarSummary Pharma giant AstraZeneca won a legal battle against the EU in Brussels, which would have forced the company to supply up to 120 million covid-19 vaccine doses by the end of June. The court ruled AstraZeneca can supply up to 80.2 million.....
US Markets end week in red, Dow Jones down 500 points
June 18, 2021 02:30 PM PDT| By Sanjeeb BaruahBenchmark US indices closed the week in red on Friday, June 18, with Dow Jones diving to its lowest level since January, as Americans marked the Juneteenth Holiday to commemorate the end of slavery some 155 years ago. The S&P 500 was down 1.31%...
