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APAC markets in green; ASX200 up 0.37%
June 04, 2021 01:15 AM EDT| By Furquan MoharkanSummary APAC markets have been unaffected by Biden ban China markets among top performers in the region Australia markets continue winning streak for 4th day in a row. The equity markets across the Asia Pacific (APAC) region were mostly .....
Biden bans US investments into 59 Chinese firms
June 03, 2021 11:46 PM EDT| By Furquan MoharkanSummary Biden bars American from investing in 59 more companies. The US president has signed an executive order to this effect. Trump had already banned 48 companies. US President Joe Biden on Thursday prohibited American entities from in.....
How does a meme stock work?
June 03, 2021 10:34 PM EDT| By Furquan MoharkanGameStop, AMC Theatres, Nokia, BlackBerry Enterprise, Reddit, Robinhood application icons grouped in Meme Stocks folder on smartphone. If 2020 was a year of unprecedented bull run, 2021 would be remembered as the year of memes – a year when me...
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US Stocks Retreat, Weighed Down By Bluechip Stocks
June 03, 2021 05:40 PM EDT| By Sanjeeb BaruahUS stock markets closed lower on Thursday, June 3, dragged down by bluechip stocks as investors waited for the latest economic data from the Labor Department in a lacklustre session. The S&P 500 shed 0.36% to 4,192.85. The Dow Jones dropped 0.07...
APAC markets trade in green; ASX200 jumps 0.71%
June 03, 2021 02:11 AM EDT| By Furquan MoharkanSummary Markets in green as investors react to data from Australia and China. South Korean markets are the outperformers. Thai and Hong Kong markets are in the red. The equity markets in Asia Pacific (APAC) region were mostly trading in t.....
Did Mudrick Capital rush into selling AMC shares?
June 02, 2021 11:03 PM EDT| By Furquan MoharkanSummary Meme stock, AMC Entertainment Holdings is once again in news as company raises US$230 million. Mudrick Capital Management, L.P. flips shares post the private placement. Is long-term investing a passe? On Tuesday, AMC Entertainment.....
The new economy: 6 ways how the coronavirus has changed the global economy
June 02, 2021 09:25 PM EDT| By Team Kalkine MediaSummary The lockdown period has brought about many necessary innovations and realizations pertaining to better and more efficient ways to conduct business. The COVID-19-led lockdowns have accelerated this trend as companies have been forced to .....
Why AMC shares doubled in one session
June 02, 2021 09:16 PM EDT| By Furquan MoharkanThe shares of American movie theatre chain AMC Entertainment Holdings Inc (NYSE:AMC) almost doubled in just one trading session as Reddit-driven frenzy continued to grip the retail investors. The shares of the company closed at US$62.55 each in Ne.....
How did US stocks perform on Wednesday?
June 02, 2021 06:13 PM EDT| By Team Kalkine MediaBenchmark US stock indices saw muted gains on Wednesday, although the segments broadly remained subdued as investors took cues from the recent spike in oil prices and inflation data. The S&P 500 was up 0.14% to 4,208.12. The Dow Jones rose 0.07%...
E-commerce giant Amazon supports the MORE Act to legalize cannabis in the US
June 02, 2021 03:22 AM EDT| By Tripti JoshiSummary Amazon disclosed that it would actively support the MORE Act for the federal legalization of marijuana in the US. The e-commerce behemoth has revealed that it will stop screening its job applicants for cannabis use. The Company will al.....
Opinion: India will take years to wipe off the bruise marks wreaked by COVID-19
June 02, 2021 02:50 AM EDT| By Furquan MoharkanAs the second wave of the COVID-19 pandemic seems to be finally receding in India, the trail of tragedies that it has left behind is beyond imagination. It will probably take years to come out of it. Officially, 335,114 Indians have lost their lives...
Explained: The pros and cons of using social media in the healthcare space
June 01, 2021 09:46 PM EDT| By Tripti JoshiSummary Social media can be channelized in quite constructive ways to help the healthcare sector. Prudent use of social networking sites and platforms in the healthcare sector can help promote individual and public health. In times of crisis, .....
Zoom posts blockbuster earnings but cautious of slowdown
June 01, 2021 08:48 PM EDT| By Furquan MoharkanSummary Revenue almost triples; earnings up 9x The company expects slowdown going forth. Shares zoom in the aftermarket. The revenues of Zoom Video Communications, Inc. (NASDAQ:ZM) multiplied about three-times in the first quarter of curr.....
US Stocks Pull Back Amid Rising Oil Prices
June 01, 2021 06:04 PM EDT| By Sanjeeb BaruahUS stock markets closed flat on Tuesday following a lacklustre session as investors took cues from the rising international oil prices that can potentially aggravate the inflation rate. The S&P 500 was down 0.05% to 4,202.04. The Dow Jones rose...
APAC markets mixed; ASX200 drops 0.33% ahead of RBA decision
June 01, 2021 12:14 AM EDT| By Furquan MoharkanSummary The APAC markets are trading on a mixed note. Private survey shows Chinese factory activity expanding in May. Investors await interest rate decision by RBA. The equity markets in the Asia Pacific (APAC) region were mixed on Tuesda.....
What does the US budget mean for cryptocurrencies?
May 31, 2021 11:01 PM EDT| By Team Kalkine MediaSummary US President Joe Biden’s budget proposal, released on Friday, includes new reporting requirements for crypto investors, which means the US Treasury Department would require additional information surrounding cryptocurrency assets b.....
Why Do Markets Not React Much To GDP Data?
May 31, 2021 08:59 PM EDT| By Furquan MoharkanThe COVID-19 pandemic wreaked havoc last year, turning the world upside down. While the world economy was probably hammered with one of the worst recessions since 1930s, the stock markets were going gaga. Markets started to seem tone-deaf to the act...
Mixed open for APAC markets; China’s PMI data out
May 31, 2021 12:17 AM EDT| By Furquan MoharkanThe equity markets across the Asia Pacific (APAC) region were a mixed bag on Monday, as China reported less-than-expected growth in its manufacturing activity. Mainland Chinese stocks were in the red, with the Shanghai Composite down by 20 basis p.....
COVID-19: The Latest World Wrap-Up
May 30, 2021 11:09 PM EDT| By RomaSummary Asian countries still deep under the COVID-19 fire. The US hits an all-time low COVID-19 infection rate. Efforts being made by governments to help travel recovery. With over a year of the world struggling with the coronavirus pand.....
Global Markets: Key events to watch out for this week
May 30, 2021 11:01 PM EDT| By Furquan MoharkanIt was a mixed bag for the global markets last week – with gains and corrections. However, with a barrage of macro numbers likely this week, markets would be reacting more frequently than ever. Here are four key events of the week: Australia...
