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Tesla Share Price at Record high, EV Leader Enters S&P 500 with a bang
December 18, 2020 11:11 PM EST| By Hina ChowdharyTesla is breaking all records with the stock contouring another record high of USD 695.00 a share yesterday. The EV giant is now all set to see its inclusion in America’s benchmark S&P 500 stock index on Monday, i.e., 21 December 2020. I...
US banks can now buy back shares post green signal from Fed
December 18, 2020 10:26 PM EST| By Hina ChowdharyShare repurchases or share buybacks are heavily preferred by US companies as a part of shareholder returns. Federal Reserve has given a green signal on share repurchases by US bank for the first quarter of 2021. The decision comes after the late.....
COVID-19 blues hit Coca Cola, thousands to lose jobs
December 18, 2020 10:23 PM EST| By Kunal SawhneyCoca Cola has sprung to limelight after announcing its plan to lay off 2,200 workers around the globe. The Company had to take this step as a part of its restructuring plan, which was necessitated because of unpalatable COVID-19 repercussions. In .....
Ahead of an IPO, Robinhood agrees to pay US$65 million to settle SEC charges
December 18, 2020 04:47 AM EST| By Edita IvancevicRobinhood, a financial service company, will pay US$65 million (A$85 million) to settle the government lawsuit in regard to not disclosing full information of its dealings with high-speed traders, and also not providing the best deal prices to its .....
BarkBox set to go public via $1.6M SPAC merger
December 18, 2020 02:15 AM EST| By Edita IvancevicBarkBox, the start-up company that became famous for its monthly subscription service for dogs, has announced a significant US$1.6 billion merger with Northern Star Acquisition Corporation. The merger will consequently make BarkBox a public company.....
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Ten Republican US states drag Google to court for its monopoly over ad business
December 17, 2020 11:58 PM EST| By Edita IvancevicTen attorneys general in the US opened another antitrust lawsuit against the search engine giant Google on Thursday. The Republican-led group of attorneys accused the multibillion-dollar company of showing monopoly behaviour in online advertisemen.....
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Meet Katherine Tai, Biden’s pick for top trade diplomat
December 17, 2020 03:16 AM EST| By Edita IvancevicAfter the electoral college officially confirmed Joe Biden as the 46th American President, Mr Biden nominated Katherine Tai to be the next Trade Representative for the US on 10 December. However, the final decision is yet to be verified by the US .....
What are the most trustworthy COVID-19 websites?
December 17, 2020 01:40 AM EST| By Edita IvancevicThe coronavirus pandemic, besides having unleashed the worst health crisis in a century, also went on to prove how powerful media and fake news could be. False information regarding the novel coronavirus began to spread like wildfires, forcing Twi.....
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Coronavirus rescue package on cards in US, markets cheer
December 17, 2020 12:41 AM EST| By Kunal SawhneyU.S. congressional leaders announced on Wednesday that they are working towards bringing a stimulus package of $900 billion. The COVID-19 aid bill will come as a massive relief for the Americans struggling for help. The deadline to close the negoti.....
US Fed Continues to Pump Money, Nasdaq Contours New ATH
December 16, 2020 11:04 PM EST| By Kunal SawhneyThe US stock market has once again ended at a record high on 16 December 2020, with S&P 500 and Nasdaq 100 both hitting their previous record highs while Nasdaq 100 even establishing a new record of 12,698.11 (intraday high). One of the primary...
Giving away billions of fortunes in charity: The McKenzie Scott way
December 16, 2020 08:57 PM EST| By Edita IvancevicMcKenzie Scott on Wednesday shot into limelight again after she announced to donate A$5.5 billion (US$4.2 billion) in charity in four months. Ms Scott has already given away A$2.3 billion in July. That philanthropic cause included 116 organisations.....
Historic! Bitcoin Surpasses $20,000-Mark Amid Cryptocurrency Bull Rally
December 16, 2020 12:01 PM EST| By Team Kalkine MediaBitcoins have never been more valuable! The virtual currency crossed the US$-20000 mark in it short two-decade life, supported by massive growth and mainstream acceptance of cryptocurrencies. The world largest virtual currency soared almost 3.....
Are America’s wealthiest 1% calling dibs on COVID-19 vaccine?
December 16, 2020 02:02 AM EST| By Edita IvancevicAfter Pfizer’s pioneer COVID-19 vaccine received emergency approval for distribution in the US, many Americans are keenly waiting for an opportunity to get the first jab. READ MORE: Pfizer’s COVID-19 vaccine receives a go-ahead sign fr.....
Australia drags China to the WTO over barley tariffs
December 16, 2020 01:54 AM EST| By Edita IvancevicThe Australian government announced that it would take China to the World Trade Organisation over massive tariffs on Australian barley. The situation which arose in May has posed a significant threat to the A$2.5-billion sector. This is the first.....
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Wish to tap the US secondary market with US$1.1 billion IPO
December 15, 2020 11:59 PM EST| By Team Kalkine MediaAfter the successful launch of Airbnb and DoodDash’s billion-dollar IPOs, now its time for the Online retailer, Wish to hit the market. The company is coming out with an IPO of US$1.1 billion, making it the 31st IPO this year to exceed the bi.....
Disney+ on cloud nine after engaging billion-plus subscribers
December 15, 2020 02:22 AM EST| By Edita IvancevicSince its launch in November 2019, Disney Plus has attracted a significant number of subscribers, becoming one of the most notable competitors to Netflix. Last week, the streaming platform held an online event, where it presented its goals and ide.....
Google services’ global outage: Here’s what exactly happened?
December 15, 2020 12:53 AM EST| By Edita Ivancevicwere forced to take a break or an entire day-off until the problem was rectified. Numerous Google and YouTube services, including Gmail and Google Drive, suffered a 45-minute outage on Monday, disrupting the operations of schools and work envir....
China turns up the heat on trade war, bans Australian coal
December 14, 2020 11:13 PM EST| By Edita Ivancevice A$14 billion coal industry joins the show, raising anxiety in Australian miners. Chinese authorities are thought to have confirmed a formal ban on A$14 billion coal imports from Australia on Monday night. Since then, the Australian government...
Biden Gets Green Signal from Electoral College to Become 46th US President
December 14, 2020 09:52 PM EST| By Team Kalkine MediaOn Monday, 14 December 2020, the US president-elect Biden got a substantial majority of votes in the Electoral College. This confirms his victory in the last month's presidential elections and affirms that he would be the next president of the US. .....
Global Economy to regain speed on a Bumpy Road to recovery
December 14, 2020 04:27 AM EST| By Team Kalkine MediaThe global economy has shown its remarkable resilience as it gradually progressed through the COVID-19 pandemic. Though prospects for a way out of the crisis have risen, some countries are still battling the rising number of virus cases by re-impo.....
