AUS
NZ
UK
CA
USA
IND
World news
Who is replacing Jeff Bezos as Amazon CEO?
February 03, 2021 04:05 AM GMT| By Team Kalkine MediaEven before coronavirus pandemic, Amazon CEO Jeff Bezos had lowered his participation in the company's day-to-day operations. On Tuesday, Amazon announced that Bezos would step down and take up the role of executive chairman. The company announced .....
Oil Giant BP Posts Dismal Annual Performance; Q4 Numbers Improve
February 03, 2021 02:33 AM GMT| By Kunal SawhneyGlobal oil & gas trading giant British Petroleum (BP) has announced the fourth-quarter and full-year 2020 results. The Company registered an underlying replacement cost profit of $0.1 billion in Q4 ended 31 December 2020, which remained in...
.jpg)
Apple Taps Bond Market for the Third Time Amidst Aggressive Share Buybacks and Dividends
February 03, 2021 02:08 AM GMT| By Team Kalkine MediaApple Inc plans to sell USD 14 billion worth of bonds in order to take advantage of the current cheap borrowing cost, tapping the market for the third time since May 2020. while funding operations like share buybacks. Image Source: © Kalkine...
Will tough times force oil majors ExxonMobil and Chevron into a merger?
February 03, 2021 12:18 AM GMT| By Team Kalkine MediaThe crude oil prices' dismal situation during the peak of COVID-19 got the chief executives of two major oil companies ExxonMobil (NYSE:XOM) and Chevron (NYSE:CVX) across the table to discuss a possible merger. According to medi.....
US stocks extend gains after GameStop reversal continues
February 02, 2021 09:45 PM GMT| By Hina ChowdharyExtending gains to the second straight day, the US stocks jumped on Tuesday after a sharp reversal in GameStop’s stock value continued. The mania around speculative retail trading continued to ease in the market after the video game stock fel.....
Eaton Corp Buys Cobham Mission Systems For £2 Billion
February 02, 2021 03:41 PM GMT| By Kunal SawhneyAmerican Irish-domiciled multinational engineering firm Eaton Corporation Plc (NYSE: ETN) has bought British aerospace manufacturing company Cobham Limited’s air-to-air refuelling arm for £2 billion. The amount paid by Eaton for Co.....
Wheels Up eyes NYSE with enterprise value of $2.1 billion
February 02, 2021 02:18 PM GMT| By Kunal SawhneyWheels Up, the New York-headquartered private aviation firm, has been eyeing to list on the New York Stock Exchange (NYSE) with the company notching an enterprise value of $2.1 billion after its merger with Aspirational Consumer L.....
GME shares tank after short squeeze; 4Q earnings due
February 02, 2021 05:41 AM GMT| By Team Kalkine MediaGameStop shares lost track on Monday in the US, closing nearly 31% lower at $225. In the after-hours trading, the stock took a further plunge of 15.77%. The recent momentum in silver prices has also cooled off after CME raised margins on the precio.....
.jpg)
Robinhood raises USD 3.4B to support its burgeoning customer base
February 02, 2021 04:56 AM GMT| By Hina ChowdharyOnline trading app Robinhood had an exceptional run during the pandemic as it experienced exponential growth last year. To invest in its growing customer base, the fintech company raised USD 3.4 billion through a private placement. The funding come.....
.jpg)
Silver lining for Wall Street: US shares rebound as silver gets attention
February 01, 2021 10:04 PM GMT| By Kunal SawhneyThe US shares rebounded on Monday after retail traders shifted their focus to silver, driving up mining stocks. The quick recovery comes after a steep slump in the benchmark Wall Street indices amid concerns around speculative trading frenzy and no.....
More Borrowing & Disinvestments in India’s 2021 Union Budget
February 01, 2021 12:31 PM GMT| By Kunal SawhneyCanada and the US, which have a significant population of Indian origin, showed a keen interest in India’s annual budget presented in parliament on Monday by Finance Minister Nirmala Sitharaman. The Indian budget has drawn keen inter.....
How GameStop short squeeze roiled Wall Street
February 01, 2021 03:57 AM GMT| By Kunal SawhneyThe US stock market, beginning January 2021, witnessed a ‘short squeeze’ on select stocks such as GameStop amid a coordinated effort by retail investors on Reddit to keep their prices higher. Since the stock prices skyrocketed in no tim.....
.jpg)
US shares end worst week since October; Dow down over 600 points
January 31, 2021 10:23 PM GMT| By Team Kalkine MediaThe US benchmark equity indices closed Friday’s trade on a negative note after a rally in select stocks such as GameStop triggered volatility. The shares of GameStop surged nearly 68 per cent on Friday and 400 per cent last week. The stock ro.....
Mission Possible Partnership brings 400 global leaders to accelerate worldwide decarbonisation
January 29, 2021 02:23 PM GMT| By Team Kalkine MediaThe Mission Possible Partnership (MPP), another alliance framed to quicken the decarbonisation of worldwide industries addressing 30% of worldwide emissions was launched on 27 January 2021, at the Davos Agenda. The MPP was formed on the back of fo.....
Novavax shares spurt 35% afterhours as its Covid vaccine shows 89% efficacy
January 29, 2021 12:53 PM GMT| By Kunal SawhneySummary Novavax share price soared more than 35 per cent after-hours on Nasdaq after vaccine indicated promising efficacy results. The stock of Novavax has already registered a gain of more than 1,800 per cent in the last 12 months. Shares.....
German software company SAP SE (NYSE: SAP) announces results
January 29, 2021 12:17 PM GMT| By Team Kalkine MediaGermany-headquartered multinational software company SAP SE (NYSE: SAP) released its results for the fourth quarter of FY 2020 along with the full year results on Friday, 29 January. The report highlighted that the.....
Hottest Stock of The Year So Far, Gamestop Plunge as Platforms Block Trading
January 29, 2021 09:51 AM GMT| By Team Kalkine MediaShares of US high street shop that sells games, consoles, and other electronics, GameStop Corp (NYSE: GME) nosedived by 55 per cent as trading platforms such as Robinhood and Interactive Brokers curbed buying of shares in the US games firm. The ban.....
.jpg)
Is Robinhood Saving the Rich and Robbing the Poor?
January 29, 2021 05:27 AM GMT| By Team Kalkine MediaThe year 2020 had been extraordinary for Robinhood, an online trading app that attracts the young and mostly first-time investors to its commission-free platform. It is especially designed to tempt the new video game-loving generation. Image sou.....
.jpg)
Retail brokers block long trades on GameStop shares
January 29, 2021 05:20 AM GMT| By Team Kalkine MediaFollowing days of wild frenzy, US games firm GameStop’s shares crashed 44% on Thursday. However, the stock also touched over $490 during the day. More importantly, GME stock was up 61.15% in the after-hours trading. Source © Kalkine G.....
General Motors to bid adieu to Gasoline and Diesel-powered Vehicles by 2035
January 29, 2021 04:42 AM GMT| By Team Kalkine MediaGeneral Motors Co, the one of the largest automakers across the world, has announced that it would end sales of gasoline and diesel light-duty vehicles including its new cars, SUV’s, and light pickup trucks by 2035 and eventually shift towards...
