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Is HyperVerse (HVT) crypto a Ponzi scam?
February 18, 2022 04:12 PM EST| By Rupam RoyHighlights HyperVerse (HVT) has a circulating supply of 18 million. HVT reached an all-time high of US$7.74 in January 2022. Binance said the HVT token is not listed on its platform for trading or any service. The crypto market is witness.....
What did Charlie Munger say on cryptocurrencies? 5 things to know
February 17, 2022 09:36 AM EST| By Rupam RoyWhile the cryptocurrency market has many supporters, a few loathed it. Its opponents see many drawbacks in cryptocurrencies, including persistent volatility, and wish they are banned. One such opponent is the billionaire investor and Berkshire Hath.....
US indices close mixed after Fed minutes; ABNB, KHC rise
February 16, 2022 06:58 PM EST| By Versha JainBenchmark US indices closed mixed on Wednesday, February 16, after Fed minutes gave no clear timeline for a rate hike to curb inflation and tension over Ukraine persisted. The S&P 500 rose 0.09% to 4,475.01. The Dow Jones fell 0.16% to 34,934.27...
Singapore Airlines becomes the first airline to sign the Global SAF Declaration
February 16, 2022 04:44 AM EST| By SamtaHighlights Singapore Airlines has signed the Global Sustainable Aviation Fuel (SAF) Declaration. SIA has partnered with Safran, Airbus, and Rolls-Royce to sign the Declaration. SIA is actively accelerating the usage of SAF in Singapore w.....
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US stocks break three-day losing streak, RESN, SPCE fly high
February 15, 2022 05:10 PM EST| By Versha JainBenchmark US indices reversed their three-day losing streak on Tuesday, February 15, after broad gains across sectors amid Russia’s decision to withdraw troops from the Ukraine border. The S&P 500 surged 1.58% to 4,471.07. The Dow Jo...
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US stocks plunge amid Ukraine fears; SU, MRNA among top losers
February 14, 2022 05:16 PM EST| By Versha JainBenchmark US indices were down for the second consecutive session on Monday, February 14, amid rising Russia-Ukraine tension and lingering fears over Fed’s possible interest rate hikes. The S&P 500 declined 0.38% to 4,401.65. The Dow Jones...
Ford Motor Co (F) mulls setting up EV manufacturing hub in India
February 11, 2022 06:00 PM EST| By Sanjeeb BaruahFord Motor Co (NASDAQ: F) may produce electric vehicles in India for exports, the company said on Friday, months after it announced the closing of operations in the country due to lack of profitability. In a statement on Friday, cited by Reuters, .....
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US stocks slip as oil prices rise to 8-year high; KOS, XOM top gainers
February 11, 2022 05:43 PM EST| By Versha JainBenchmark US indices slipped into the red on Friday, February 11, as oil prices surged to an eight-year high, further adding to the inflationary pressure a day after the crushing CPI data. The S&P 500 fell 1.90% to 4,418.49. The Dow Jones declin...
Uber (UBER) to accept cryptos if exchange costs, climate issues resolve
February 11, 2022 03:56 PM EST| By Versha JainHighlights Uber said it will accept cryptocurrency in the future. It said the high transaction cost in the exchange makes it unviable for adoption now. Uber Technologies (UBER) stock fell 37.8% in one year. Ride-hailin.....
Space storm gobbles up 40 Elon Musk's SpaceX satellites
February 09, 2022 06:28 PM EST| By Sanjeeb BaruahHighlights SpaceX’s Starlink satellites were launched on February 3 from Florida’s Kennedy Space Center. According to scientists, the geomagnetic storm was caused by a solar flare over the weekend. On Monday, Astra Space, Inc. (A.....
Biden backs Australian Tritium's move to build EV charging plant in US
February 09, 2022 04:51 AM EST| By Sukriti NairAustralian EV startup Tritium is set to build a new production plant in Tennessee, US in the upcoming months. Tritium’s new plant in the US will make approximately 30,000 electric-vehicle (EV) fast chargers a year and create roughly 500 local.....
Tritium (NASDAQ:DCFC) shares zoom 40% on US expansion plans
February 09, 2022 03:44 AM EST| By Bhawna GuptaHighlights DCFC plans to launch a new manufacturing facility in the US. Tritium stocks closed at US$9.54 each on Tuesday. The news came within a fortnight when DCFC announced a deal with Electromin. Tritium DCFC Limited's (NASDAQ:DCFC) sh.....
US seizes US$4.5 bn in Bitcoin stolen from Bitfinex in 2016
February 08, 2022 10:19 PM EST| By Team Kalkine MediaThe Justice Department on Tuesday said that it seized more than US$4.5 billion worth of Bitcoins stolen in a hacking attack on a cryptocurrency exchange in 2016. It is the largest cryptocurrency seizure ever made by the Justice Department, it said.....
Amazon hikes base salary for its employees to $350,000
February 08, 2022 04:51 AM EST| By Priyanka PayalHighlights Amazon Inc. announces its decision to more than double the maximum base salary it pays to its employees to US$350,000. In its fourth-quarter results announced last week, Amazon revealed that its net sales increased 9% to US$137.....
Meta (FB) builds shield after avatars ‘harass’ proxies in metaverse
February 07, 2022 06:09 PM EST| By Team Kalkine MediaHighlights Some users have faced harassment on Meta’s Horizon network, its virtual reality platform. The protective function will be turned on by default. Meta Platforms had opened its virtual reality platform to the public in North Am.....
Frontier Group (ULCC) to acquire Spirit Airlines for US$6.6 billion
February 07, 2022 02:35 PM EST| By Rupam RoyThe Colorado-based airline holding company, Frontier Group Holdings, Inc (NASDAQ: ULCC), is acquiring its rival Spirit Airlines Inc. (NYSE: SAVE) for US$6.6 billion in a cash-and-stock deal. The purchase is expected to help Frontier compete with l.....
Can Fed rate hikes impact emerging markets?
February 05, 2022 08:52 AM EST| By AshishHighlights Kristalina Georgieva, managing director of the IMF, recently said interest rate hikes by the Fed could have an impact on global recovery. She feared that escalated interest rates in the US could make repayment costlier for econom.....
Volvo, Northvolt to build US$3.3-bn battery gigafactory in Sweden
February 04, 2022 07:27 PM EST| By Rupam RoyHighlights The plant’s construction, which includes an R&D center, will begin next year. The batteries for Volvo and Polestar models are expected to start in 2025. The new facility would create 50-gigawatt-hour (GWh) of battery c.....
S&P, Nasdaq rise after Amazon.com Inc (AMZN) earnings, jobs report
February 04, 2022 05:53 PM EST| By Team Kalkine MediaThe S&P 500 index and Nasdaq Composite closed in the green, while Dow Jones marginally declined on Friday, February 4, after Amazon’s strong earnings and positive jobs report. The S&P 500 rose 0.52% to 4,500.53. The Dow Jones fel...
Is Meta Platforms’ (FB) US$250-bn loss biggest wipeout in US history?
February 04, 2022 02:58 PM EST| By Versha JainHighlights Meta Platforms, Inc. (FB) lost around US$250 billion in market value in a single day. The Dow Jones US Technology Total Stock Market Index’s total YTD decline widened to 10.97% after the stock rout. Meta&.....
