AUS
NZ
UK
CA
USA
IND
World news
APAC markets mixed as China inflation soars to 12-year high
June 08, 2021 11:53 PM EDT| By Furquan MoharkanSummary APAC markets are mixed with the Japanese and South Korean markets trading in the red. China factory gate inflation surges to highest in 12-years. Philippine markets are the best performers in the region. The equity markets in the .....
US revises travel ratings for 110 nations; eases restrictions
June 08, 2021 09:43 PM EDT| By Furquan MoharkanIn a major sigh of relief for the sports lovers across the world, the US has eased travel restrictions on over 110 countries including Japan, just before the start of the Olympics. The new ratings by the US Centers for Disease Control and Prevention...
Bitcoin tumbles 8% after US nabs US$2.3M crypto ransom from Colonial hackers
June 08, 2021 09:03 PM EDT| By Supriya KumariIn yet another cryptocurrency meltdown, Bitcoin prices tanked overnight once again, as officials in the US were able to recover most of the ransom paid to hackers that targeted Colonial Pipeline – the largest pipeline system for refined oil pro...
_(1).jpg)
US Stocks Wobble On Inflation Worries
June 08, 2021 05:49 PM EDT| By Sanjeeb BaruahUS stocks saw subdued trade in Tuesday’s session, with all major indices ending flat as inflation worries weighed on the markets. The S&P 500 was up 0.02% to 4,227.26. The Dow Jones declined 0.09% to 34,599.82. The NASDAQ Composite gained...
AMC, GameStop, other meme stocks delivered multibagger returns in 2021
June 08, 2021 05:31 AM EDT| By Chitranjan KumarSummary AMC, GameStop, BlackBerry and other meme stocks ended higher on Wall Street on Monday. AMC shares have rallied 2,636% in 2021, while GameStop has zoomed over 1,500% year to date. The valuation of meme stocks is based on social media hy.....
Afterpay fiasco: What is a class action lawsuit and what is its significance?
June 08, 2021 01:45 AM EDT| By Furquan MoharkanOn Tuesday, it was reported that Australian fintech giant Afterpay Ltd (ASX:APT) is facing a proposed class action complaint filed in the US Northern District Court of California by two US law firms. The claim alleges that the company’s marketi...
Historic! Biogen’s aducanumab becomes the first FDA-approved Alzheimer’s drug in ~20 years
June 08, 2021 01:14 AM EDT| By Tripti JoshiSummary Biogen has received accelerated approval from the Food and Drug Administration (FDA) for its Alzheimer’s disease (AD) treatment, aducanumab. The clinical trials results demonstrate that aducanumab reduced amyloid-beta plaques by 5.....
Money For Nothing? The Economic Marketplace of Art
June 08, 2021 12:28 AM EDT| By Daniel Paul JohnsSummary The world of art has always encompassed a society often mocked for its pretentiousness, paying through the nose for works that on the surface could’ve been done by a blindfolded kindergartener. And yet, some of these so-called work.....
APAC shares in green, ASX 200 the best performer; Japanese GDP beats estimates
June 07, 2021 09:58 PM EDT| By Furquan MoharkanSummary APAC markets are in the green after the Japanese economy performed better than the estimates. China is trading in the red. The ASX 200 is the best performer in the region. The equity markets in the Asia Pacific region were mostly .....
India offers free COVID-19 vaccines to all as daily cases hit 68-day low
June 07, 2021 09:12 PM EDT| By Furquan MoharkanSummary India has declared to offer free vaccines to all adults. The move comes a week after the top court lashed out at the central government for botched-up vaccine rollout. The daily cases in the country have slipped to a 68-day low. I.....
Second high-profile exit: Another Tesla veteran quits
June 07, 2021 08:58 PM EDT| By Furquan MoharkanSummary Tesla veteran Jerome Guillen quits the EV maker. Move comes just three months after he was appointed the head of trucking business. He is the second top executive to quit in less than two months. Jerome Guillen – a veteran a.....
US Stocks Start Week On Hesitant Note As Blue-Chips Retreat
June 07, 2021 06:30 PM EDT| By Sanjeeb BaruahBenchmark US indices began the week with a subdued note on Monday as investors returned to a new trading session following their weekend break. The S&P 500 was down 0.08% to 4,226.52. The Dow Jones Industrial Average declined 0.36% to 34,630.24....
Role of mRNA vaccines in combating COVID-19: Pros & Cons
June 07, 2021 01:29 AM EDT| By Tripti JoshiSummary Scientists have been examining messenger RNA (mRNA) vaccines for decades and have gained attention as an important way to tackle COVID-19. mRNA is a type of ribonucleic acid (RNA) necessary for protein production in the body. Despite t.....
Tesla pulls the plug on Model S Plaid Plus plan
June 07, 2021 12:57 AM EDT| By Furquan MoharkanAmerican electric vehicle maker Tesla Inc (NASDAQ:TSLA) has officially cancelled the most expensive variant of its flagship sedan – the Model S Plaid Plus. “Plaid+ is canceled. No need, as Plaid is just so good,” tweeted Tesla CEO...
APAC markets mixed as China trade data misses estimates
June 07, 2021 12:15 AM EDT| By Furquan MoharkanSummary APAC markets are a mixed bag after China trade numbers missed the estimates. China and Australia are trading in the red. Japan and Korea are in the green. The markets across the Asia Pacific (APAC) region were mixed on Monday morn.....
How is virtual reality transforming the healthcare sector?
June 06, 2021 10:19 PM EDT| By Tripti JoshiSummary Virtual reality (VR) in the healthcare sector is in a nascent stage. However, it is gaining popularity as many healthcare organizations have started implementing virtual reality. VR solutions allow both patients and healthcare professio.....
What is PMI and why is it important?
June 06, 2021 09:03 PM EDT| By Furquan MoharkanThe Purchasing Managers’ Index (PMI) has been in news all through the last two weeks. Many countries across the world released their PMI numbers for the month of May – which determined the trend in their stock markets. So, what is PMI?...
G7 Group Strikes Deal On Taxing Multinationals
June 06, 2021 03:33 AM EDT| By Raza NaqviIn an unprecedented move on Saturday, June 5, the Group of Seven (G7) countries struck a historic deal to overhaul international laws stopping corporate tax avoidance by large multinational companies.Under the new agreement put forward by the Finan.....
.jpg)
Which are the three best-performing stock indices this year?
June 05, 2021 10:36 AM EDT| By Furquan MoharkanThe stock markets across the globe have continued the last year’s bull-run in 2021. Most markets across the globe have seen huge wealth creation for investors, as global liquidity continues to remain high. Many experts are certain that this bul...
US Markets End Week On High Note As Tech Stocks Roar Back
June 04, 2021 05:29 PM EDT| By Sanjeeb BaruahBenchmark US indices closed the week on a high note on Friday, June 5, as all segments saw broad gains led by bluechip technology stocks and reassuring labor data helped shed investors’ concerns over the recent uncertainties in the markets. Th...
