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PayPal, Square Ride High On Strong Digital Payments
May 06, 2021 09:15 PM EDT| By Team Kalkine MediaDigital payments behemoth PayPal Holdings, Inc. (NASDAQ: PYPL) and Square, Inc. (NYSE: SQ) reported stellar first-quarter results amid the government’s stimulus payments and bitcoin transactions. While PayPal posted significant growth in its.....
Will Honeywell International Inc.’s Prices Scale New Highs?
May 06, 2021 10:35 AM EDT| By Team Kalkine MediaSummary HON’s prices are trading above resistance turned support level on the daily chart and getting support from the 50-period Simple Moving Average (SMA). HON outperformed its peer and generated ~42 percent return in the last 9 months.....
Biden Backs Waiver of Patent for COVID-19 Vaccines, Pharma Companies Don’t Like It That Much?
May 06, 2021 03:24 AM EDT| By ManikaIn a big development, Joe Biden, the US President, has supported the waiver of intellectual property rights for COVID-19 vaccines. This would enable the poor countries to manaufacture those vaccines in their territories. While some called it bowing...
Back with a bang after a two-day gap, Japan shares lead APAC rally
May 06, 2021 12:54 AM EDT| By Furquan MoharkanOpening after a two-day holiday, the Japanese shares on Thursday surged even as investors kept their eyes peeled for US jobs report due this week to gauge how long the Federal Reserve (Fed) will stay on hold. Japan’s Nikkei 225 was up by 185.....
Unemployment In Urban India Nearing Double-Digit Mark As COVID-19 Crisis Deepens
May 05, 2021 11:39 PM EDT| By Furquan MoharkanIndia has been reeling under the horror of the deadly second wave of the pandemic since last few weeks now. However, this Wednesday saw the country grappling with a new low, weighed down by a gloomy set of statistics on two additional fronts. On 5 .....
Jeff Bezos sells Amazon shares worth US$2.5 billion in May
May 05, 2021 10:37 PM EDT| By Furquan MoharkanThe world’s richest man, Jeff Bezos, has sold 739,032 shares of the company that he founded – Amazon Inc (NASDAQ: AMZN) – for US$2.49 billion. Source: OpenInsider. Kalkine Graphics According to the filings with the US Securiti.....
GM Expects Strong First Half; Uber Cuts Q1 Loss On Food Delivery Growth
May 05, 2021 08:44 PM EDT| By Team Kalkine MediaSummary GM CEO Mary Barra said the company anticipates a strong first half with adjusted EBIT around US$5.5 billion. Uber’s gross booking in food delivery jumped 166 percent year over year to US$12.5 billion. General Motors Company (.....
Uber, Lyft Stocks Tumble As Biden Scraps Trump-Era Gig Worker Rule
May 05, 2021 07:48 PM EDT| By Team Kalkine MediaSummary Defending the decision, Labor Secretary Marty Walsh said the new policy would help protect essential workers' rights. Uber was down 3.42% to US$51.18, Lyft tumbled 6.34% to US$52.63, and DoorDash declined 5.05% to US$128.39 at the marke.....
Hang Seng, ASX 200 top gainers in APAC; Taiwan indices tumble
May 04, 2021 11:28 PM EDT| By Furquan MoharkanSummary Hang Seng, ASX outperform APAC. Taiwan indices are the worst-hit. China, Japan markets remain closed on Wednesday. Australian benchmark index ASX200 and Hong Kong’s Hang Seng Index were the largest gainers in the Asia-Pacifi.....
High-decibel chorus for national lockdown fails to sway Modi
May 04, 2021 11:23 PM EDT| By Furquan MoharkanThe calls for nationwide lockdown in India have gained momentum as surging COVID-19 cases and deaths have shattered the country and crippled its health care system. However, Indian Prime Minister Narendra Modi seems to be looking the other way and .....
10 Things to Know About Digital Artwork and NFTs
May 04, 2021 01:00 PM EDT| By Team Kalkine MediaSummary NFTs are the latest craze in the investment sphere with many turning to the unconventional tool to keep as a collectible. Big brands have associated themselves with the investment tool, more so to use it as a marketing device. NFTs may.....
Why Commodities Index Hit at A Nine-Year High
May 04, 2021 03:07 AM EDT| By Team Kalkine MediaSummary The Bloomberg commodity spot index surged to nine-year high levels amid robust economic recovery. Almost all the commodities are rallying as the economic rebound bolstered their demand. The commodity prices recovered significantly from.....
Unemployment In Urban India Nearing Hit Double-Digit Mark As COVID-19 Crisis Deepens
May 04, 2021 02:16 AM EDT| By Furquan MoharkanThe chances of economic recovery in the world’s second-most populous country – India – look bleak as the unemployment rate in the urban centres in India has touched its highest level in almost eight months – nearing a double.....
It’s splitsville for the Gates: Bill, Melinda end 27-year marriage
May 03, 2021 11:30 PM EDT| By Team Kalkine MediaMicrosoft co-founder and the world's fourth wealthiest person, Bill Gates and his wife Melinda have mutually decided to end their 27-year-long marriage. On Monday, they announced their split on Twitter through identical tweets. A glimpse into what.....
Mixed opening for APAC markets; Japan, China and Thailand on holidays
May 03, 2021 11:06 PM EDT| By Furquan MoharkanThe Asia-Pacific markets were showing mixed trends on Tuesday, even as three major markets – China, Japan, and Thailand – are closed on account of respective national holidays. South Korea’s KOSPI was down 14 basis points despite.....
Warren Buffett Names Greg Abel As His Successor at Berkshire Hathaway
May 03, 2021 07:55 PM EDT| By Team Kalkine MediaSummary The 90-year-old business mogul said in a TV interview that if he were to step down, Mr. Greg Abel would take over reins. Buffett, who has been the CEO of the company since 1965, had first discussed the succession plan in a letter to sha.....
Pressure to waive off vaccine IP rights increases as COVID-19 cases continue to rise
May 03, 2021 02:29 AM EDT| By Team Kalkine MediaSummary With the surmounting COVID-19 cases, the developing countries are demanding patent exemptions on items, including vaccines, diagnostic kits, and ventilators, to fight the COVID-19 pandemic. The patent waiver will help emerging nations m.....
Hot EV Stocks: How have they fared in the past year?
May 03, 2021 01:04 AM EDT| By Team Kalkine MediaSummary Electric Vehicle (EV) is the booming sector and offers a huge opportunity for the investors. The shift towards sustainable development is pushing the EV sector. The companies across the globe EV and allied sectors have grown tremendous.....
Warren Buffett roots for retained earnings, rues Apple share sale
May 02, 2021 10:58 PM EDT| By Furquan MoharkanAce investor and billionaire Warren Buffett has batted for the importance of retained earnings at a time when more and more investors are pitching for increased capital allocation towards the shareholders. The investment maestro highlighted the ab.....
Good News For Crypto Lovers: Coinbase Allows Crypto Purchase Via PayPal
May 02, 2021 09:38 PM EDT| By Team Kalkine MediaSummary Coinbase allows its customers to buy cryptocurrencies using bank accounts linked to PayPal. Coinbase’s users can purchase up to US$25,000 a day with PayPal account. The facility is currently available for US customers only. .....
