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World news
Canada backs AstraZeneca’s COVID-19 vaccine but includes coagulation warning
March 25, 2021 01:50 AM EDT| By Team Kalkine MediaSource:rafapress, Shutterstock Summary Health Canada confirmed AstraZeneca’s COVID-19 vaccine safety and stated that it had not obtained any reports citing thrombosis so far. The health department to add a warning indication to the vacci...
US Stocks End Lower Despite Fightback
March 24, 2021 05:35 PM EDT| By Team Kalkine MediaSource: SFIO CRACHO, Shutterstock Summary S&P 500 ticked down 0.55%, Dow Jones fell 0.01%, and NASDAQ plunged 2.01%. Chinese ride-hailing firm Didi Chuxing aims for a US$100-billion valuation in IPO debut. Intel Corp. to spend US$20...
Hyundai And Singtel Sign an MoU On Smart Mobility
March 23, 2021 10:56 PM EDT| By Team Kalkine MediaSource: Mameraman,Shutterstock Summary Hyundai and Singtel Group have signed an MoU to collaborate on 5G-enabled smart manufacturing & connectivity for electric vehicle battery subscription service. The collaboration would merge Hyund...
US Stocks Slip After Fed Chairman’s Comments
March 23, 2021 05:41 PM EDT| By Team Kalkine MediaSource:ramcreations, Shutterstock Summary S&P 500 ticked down 0.76%, Dow Jones shed 0.94%, NASDAQ plunged 1.12%. Amazon to sell stake worth US$148 million in food delivery start-up Deliveroo. SoftBank-backed US real estate firm Compass ai...
Apple Inc. hit with a US$308.5 Mn fine for DRM patent infringement
March 22, 2021 10:03 PM EDT| By Team Kalkine MediaSource: nui7711, Shutterstock Summary Global tech giant Apple Inc. to pay Personalized Media Communications for the infringement of a patent related to DRM (digital rights management). The jurors asked Apple to pay a running royalty depen...
US Markets Edge Higher After Tech, Cyclical Stocks Rally
March 22, 2021 05:43 PM EDT| By Team Kalkine MediaSource:violetkaipa, Shutterstock Summary S&P 500 gained 0.70%, Dow Jones rose 0.32% and NASDAQ surged 1.23%. Canadian Pacific seals deal to acquire US cargo rail company Kansas City for US$25 billion. The 10-year Treasury bond yields drop...
Auto industry back on track? Detroit 3 posts robust Q4 results
March 22, 2021 04:07 AM EDT| By Team Kalkine MediaSource:Jenson, Shutterstock Summary The Detroit 3 automakers - Ford Motor, General Motors, and Fiat Chrysler Automobiles - posted robust earnings in their fourth quarter ended 31 December 2020. Ford’s adjusted EPS during the three months...
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Is US FED Also Slipping Into a Liquidity Trap Like the Bank of Japan?
March 22, 2021 04:01 AM EDT| By ManikaSource: Freedomz, Shutterstock Summary Federal Reserve (Fed) could be getting into a liquidity trap Fed Chairman, Jerome Powell said last week that America is officially trapped below zero After making all the efforts to keep the businesses a...
4 Drone Stocks From Across The World To Watch In 2021
March 21, 2021 10:55 PM EDT| By Mark O'Donnellwing article details four drone companies working across the breadth of the industry. Drone technology has advanced to the point that serious consideration is being given to its commercial and industrial application. The drone industry is expect...
Is Nokia Due For A Comeback In 2021?
March 21, 2021 10:23 PM EDT| By Mark O'DonnellSource: Arnold O. A. Pinto, Shutterstock Summary Nokia was once a leading technology company that has largely fallen from favour. However, the Finnish technology Company generated €6.568 billion in Q4 2020. Nokia is vying to be a ma...
FedEx Q3 Income Soars 153% As E-Commerce Deliveries Surge
March 21, 2021 04:15 AM EDT| By Team Kalkine MediaSource: Carlos Yudica, Shutterstock Summary FedEx stocks jumped nearly 133 percent over the past year as the company’s profits grew. Its revenues for Q3 ended February 28, 2021, grew 23 percent to US$21.5 billion. Its average daily pack...
Coinbase Pays US$6.5 Mn Penalty Over False Data Amid IPO Talks
March 21, 2021 04:10 AM EDT| By Team Kalkine Medialeading data potentially inflated the volume of its digital assets, it noted. Coinbase Global Inc., the world’s largest crypto exchange, has paid a US$6.5 million penalty on charges of falsifying transaction data that may have possibly inf...
Elon Musk Says Tesla May Be Shut Down If Its Cars Spied In China
March 21, 2021 04:05 AM EDT| By Team Kalkine MediaSource: canadianPhotographer56, Shutterstock Summary Military restricted the use of Tesla cars on military compounds over security concerns. Ban was triggered by fears that Tesla cars might be used to collect military data. China accounted fo...
China's Geely To Launch Premium EV brand To Take On Tesla
March 20, 2021 12:53 AM EDT| By Team Kalkine MediaSource: Mike Flippo, Shutterstock Summary Geely to roll out premium EV brand Zeekr to compete with Tesla and others. The company to shun dealership model, build own showrooms to sell cars. Its competitors include Tesla, NIO, Volkswagen, Toyot...
WhatsApp, Instagram, Messenger Resume After Brief Global Outage
March 19, 2021 10:48 PM EDT| By Team Kalkine MediaSource: Rawpixel.com, Shutterstock WhatsApp, Facebook Messenger, and Instagram suffered a brief global outage on Friday, leading to many users resorting to Twitter to air their frustrations. However, the services were resumed shortly after 11:00 pm...
US Stocks Notch Modest Weekly Loss As Bond Yield Retreats
March 19, 2021 10:12 PM EDT| By Team Kalkine MediaSource: jo.pix, Shutterstock Summary S&P 500 dropped 0.06%, Dow Jones fell 0.71%, and NASDAQ gained 0.76%. Google to spend US$7 billion on offices and data centers, hire 10,000 staff. JPMorgan to purchase US$410 million stake in China Mer...
China Leading The World In Wind Energy Market
March 18, 2021 11:39 PM EDT| By Mark O'Donnelli> Total worldwide wind-energy capacity is set to touch 1000 Gigawatts by 2024. Wind farms were one of the most popular renewable energy projects in 2020. The country building the most wind farm capacity is China. In 2020, China alone managed t...
GameStop Quarterly Earnings Report Due. What Is Next For The Meme Stock?
March 18, 2021 08:31 PM EDT| By Mark O'DonnellSource: rarrarorro ,Shutterstock Summary GameStop stock has fallen 23.8% since the close of last week Friday’s market session. The gaming retailer’s earnings report for quarter ended January 2021 is due to hit the market next...
US Stocks Tumble Amid Supply Chain Woes, Bond Rally
March 18, 2021 05:25 PM EDT| By Team Kalkine MediaSource: Creative Stock Studio Shutterstock Summary S&P 500 rose 0.29%, Dow Jones was up 0.58%, and NASDAQ gained 0.40%. HSBC to sell its lossmaking French retail bank to US equity research firm Cerberus Capital. China to invest US$2....
EU Drug Regulator Rules Astra Vaccine Safe After Blood Clot Fears
March 18, 2021 04:58 PM EDT| By Team Kalkine MediaSource: Juan Roballo, Shutterstock Summary EU drug regulator EMA has ruled the AstraZeneca vaccine safe for use. Several countries, including Germany and France, stopped Astra shots after blood clot fears. The World Health Organization (...
