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US Federal Reserve shifts its rate hike timeline to 2023
June 17, 2021 11:38 AM AEST| By Furquan MoharkanSummary The US Fed has raised the inflation expectations for this year. The central bank has brought forward the timeline for rate hikes. The Dow30 slipped in the red after the announcement. Raising the estimates for the inflation this ye.....
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US stocks dip on Fed's rate-hike plan for 2023
June 17, 2021 08:10 AM AEST| By Sanjeeb BaruahBenchmark US indices closed lower on Wednesday, June 16, after the Federal Reserve signalled that it might consider increasing the interest rates in 2023 if the inflationary pressures do not ease. The S&P 500 was down 0.54% to 4,223.70. The Dow...
Crude oil rises 44% YTD, stoking up inflationary pressure
June 16, 2021 05:10 PM AEST| By Furquan MoharkanThe prices of brent crude have surged by 44% in the calendar year 2021, which has been adding to the inflationary pressure across the economy. Brent crude oil prices, as on date, stand at US$74.62 a barrel, compared with US$51.8 a barrel on close of...
Is virtual reality the future of eSports?
June 16, 2021 03:06 PM AEST| By Sonal SinhaSummary The eSports industry grew massively in 2020 as gaming became the main source of entertainment for people restricted to their homes during the pandemic. The global digital PC games market is likely to grow at a double-digit CAGR and cros.....
APAC markets mixed as Japan export data misses estimates
June 16, 2021 01:08 PM AEST| By Furquan MoharkanSummary APAC markets mixed ahead of the US Fed’s policy decision announcement. Japan’s export data for May has missed estimates. China is set to release retail sales numbers. The shares across the Asia Pacific (APAC) region we.....
When will COVID-19 be over?
June 16, 2021 12:50 PM AEST| By Furquan MoharkanIn January 2020, I had a bout of cold. As a precautionary measure I wore a mask to the office. It was before COVID-19 became the monster it is known as now. One of my colleagues joked: “do you have Corona?”. That day, the number of globa...
How are medical chatbots transforming patient care?
June 16, 2021 12:27 PM AEST| By Tripti JoshiChatbots are software developed with machine learning (ML) algorithms for stimulating and engaging in a conversation with a user to provide real-time assistance to patients. Chatbots have applications across multiple industries including retail, ba.....
How one gesture by Ronaldo cost Coca Cola US$4 billion
June 16, 2021 12:16 PM AEST| By Furquan MoharkanCristiano Ronaldo of Real Madrid celebrating a goal during a Spanish League match against RCD Espanyol at the Power8 stadium on Maig 17 2015 in Barcelona Spain. Football star Cristiano Ronaldo’s snub to carbonated drink Coca Cola has taken a t...
Wall Street stocks drift on weak retail-sales data
June 16, 2021 07:48 AM AEST| By Sanjeeb BaruahBenchmark US indices edged lower on Tuesday, June 15, in mixed trading after the latest government data showed retail sales fell by 1.3% in May compared to figures in the previous month. The S&P 500 shed 0.20% to 4,246.59. The Dow Jones declined...
APAC markets mixed; ASX 200 rallies to record high
June 15, 2021 03:54 PM AEST| By Furquan MoharkanThe equity markets across the Asia Pacific (APAC) region were a mixed bag on Tuesday, with Australian shares outperforming peers. The Australian benchmark ASX200 was up 1.06% in the day’s trade and trading at its record high levels, as it op.....
Which countries comprise G7? What is its significance?
June 15, 2021 01:59 PM AEST| By Furquan MoharkanThe Group of Seven, popularly known as G7, is a group of seven countries – the US, the UK, Canada, France, Germany, Japan and Italy – the heads of which hold an annual summit to address the issues of mutual concern. As on date, there is a...
Is inflation here to stay? Read what Jamie Dimon of JP Morgan says
June 15, 2021 12:21 PM AEST| By Furquan MoharkanAs nations continue to recover from the COVID-19-induced recession, the highest inflation levels seen across the economies in more than a decade are roiling the markets. In China, which happens to be the world’s second largest economy, factory...
US markets close flat as technology, real estate stocks advance
June 15, 2021 07:52 AM AEST| By Team Kalkine MediaUS stocks closed flat on Monday, June 14, ahead of a crucial meeting of the Federal Reserve in which senior officials are expected to take stock of the current inflationary pressures. The S&P 500 was up 0.18% to 4,255.15. The Dow Jones declined...
Are meme stocks talk of the town?
June 14, 2021 01:17 PM AEST| By SonalMeme stocks are equities that have recently experienced a boom in viral activity, which is typically fueled by online social media sites like Reddit and Twitter. Retail investors in social media discussion groups have come together to look for equi.....
Why Inflation right now could add fuel to income inequality
June 14, 2021 12:23 AM AEST| By Furquan MoharkanAs countries across the globe – from China to the US – have been reporting record inflation numbers, it could be having greater consequences than we can think about. There are four types of inflation that exist: creeping inflation (when...
Climate Investments Must Triple By 2030 To Save Nature: UN
June 13, 2021 12:26 AM AEST| By Team Kalkine MediaSummary Currently, 86 percent of fund come from the governments, financial institutions, or climate protection groups, and the rest, 14 percent, are infused by the private sector. In 2018, private sector contribution was US$18 billion, mobilize.....
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Is cloud computing the future of all businesses?
June 13, 2021 12:26 AM AEST| By Team Kalkine MediaSummary With the onset of an ongoing pandemic, every business is looking towards cloud technologies for survival and growth. Cloud service is getting deployed fast across several markets and geographies. Major cloud service providers are alrea.....
Burger Chain McDonald’s Becomes Latest Victim Of Cyberattack
June 12, 2021 01:19 PM AEST| By Team Kalkine MediaSummary Cyber criminals hack into McDonald’s employee and customer data in South Korea and Taiwan. Meat company JBS and energy firm Colonial Pipeline also have been the target of cyberattacks. JBS and Colonial Pipeline were forced to pay.....
Virginia Joins Global Fight Against Plastic Pollution
June 12, 2021 10:34 AM AEST| By Team Kalkine MediaSummary As per the law, anyone above the age of 16 who intentionally litter plastic outdoors will be fined US$25. It also prohibits the release of 50 gas balloons or more in the air within an hour. The goal is also to reduce single-use plastics.....
US Markets Close Higher Ahead of Fed Meet Next Week
June 12, 2021 07:46 AM AEST| By Sanjeeb BaruahBenchmark US indices closed the week higher on Friday, June 11, ahead of a crucial meeting of the Federal Reserve that may deliberate on the recent spike in inflation and other developments. The S&P 500 was up 0.19% to 4,247.44. The Dow Jones ro...
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