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UK Moves Step Closer to First Nuclear Fusion Power plant
December 12, 2020 08:04 AM EST| By Kunal SawhneyThe UK government has started the hunt for a 100-hectare site for its upcoming nuclear fusion-based power plant. Called as Spherical Tokamak for Energy Production (STEP), it is expected to cost around £2 billion. Production is anticipated to .....
Top Players Across the Globe Riding Gaming Boom
December 11, 2020 11:33 AM EST| By Hina ChowdharyThe gaming market has been on a lively run in 2020. As the pandemic forced people to stay put at their homes, gaming emerged as an alternative to many activities which require close contact. Also, the gaming industry has evolved significantl.....
Money doubled! Airbnb (NASDAQ: ABNB) skyrockets on market debut
December 11, 2020 04:33 AM EST| By Team Kalkine MediaAirbnb Inc (NASDAQ: ABNB) has entered the capital markets with a bang as the shares of the San Francisco-headquartered online home-sharing platform rallied over 100 per cent upon the stock market debut on Thursday. Airbnb has successfully raised a .....
What is GoFundMe and how does it work?
December 11, 2020 04:02 AM EST| By Edita Ivanceviconey is required. Raising money for any occasion is possible on GoFundMe, an online platform where anyone can start a campaign to crowdsource money from strangers. GoFundMe is famous for raising thousands of dollars for those experiencing diffi...
Pfizer’s COVID-19 vaccine receives a go-ahead sign from FDA Expert Panel
December 11, 2020 12:40 AM EST| By Team Kalkine MediaIn a significant recent development, the Pfizer-BioNTech coronavirus vaccine gets FDA officials panel's nod for the Emergency Use Authorization (EUA) of the vaccine. The Vaccines and Related Biological Products Advisory Committee (VRBPAC) has endor.....
Airbnb IPO debuts with a bang, share price doubles
December 10, 2020 10:28 PM EST| By Team Kalkine MediaIt was a smashing debut for the much-awaited Airbnb IPO. On the first day of its listing, the stock price got more than doubled. The overwhelming response the share received on debut gave the impression that it was an end to Airbnb’s difficul.....
Disney nails another milestone as subscribers soar in number
December 10, 2020 10:26 PM EST| By Kunal SawhneyEntertainment giant The Walt Disney Company (NYSE:DIS) is only one year old in the online streaming service business, but the company seems to have left no stone unturned to achieve success. On Thursday 10 December 2020, Disney revealed details of .....
India’s Ambanis top the list of the richest families in Asia
December 10, 2020 10:01 PM EST| By Edita Ivancevicg US$76 billion, following with the Kwok, Chearavanont, Hartono, and Lee families. Bloomberg posted the list of the wealthiest families in Asia in early November, where India’s Mukesh Ambani has retained his No. 1 position of September lis...
Why did Kelly Loeffler evade a question during Georgia debate?
December 10, 2020 12:18 AM EST| By Edita Ivancevicicials informed of the upcoming pandemic. The DOJ had dismissed those allegations. Republican Senator Kelly Loeffler has come under spotlight after she attempted to steer clear of a question during a Sunday night debate held in Georgia. Loeffle...
In a first, Australia to make Facebook, Google pay for news content
December 09, 2020 11:17 PM EST| By Hina ChowdharyOn 8 December 2020, Australia unveiled its plans to make Facebook and Google to pay to the local media outlets for the news content. Australia has become the first country in the world to do so. Treasurer Josh Frydenberg mentioned that the two techn...
DoorDash (NYSE:DASH) makes a smashing debut, shares soar ~86% on day one
December 09, 2020 10:19 PM EST| By Team Kalkine MediaOn 09 December 2020, DoorDash made is NYSE debut on New York Stock Exchange, and by the end of the trading session, the shares surged by 85.89%, settling at US$189.51. DoorDash is a technology company that links people with the best in their citie.....
US Government Sues Facebook, Seeks its Breakup
December 09, 2020 08:08 PM EST| By Hina ChowdharyThe Federal Trade Commission (FTC) has sued Facebook on antitrust grounds. The investigation into the matter was conducted in coordination with the Attorney Generals of 46 states. They are alleging that the social media giant has engaged in a stra.....
China’s Consumer Prices lowest in more than a decade
December 09, 2020 04:33 AM EST| By Team Kalkine MediaChina’s consumer prices went down for the first time in a decade, after pork prices fell courtesy recovery from the last year’s African swine fever. Economists had forecast a flat year-on-year CPI outcome after a 0.5% rise in October. As...
OPEC+ agrees to crank up oil production from January
December 09, 2020 03:59 AM EST| By Team Kalkine MediaIn a significant move, OPEC and non-OPEC allies have agreed to raise their oil production starting January, after a meeting on 3 December 2020. The decision came after days of marathon discussions, which were focused on building accord over how to .....
The controversial life of coal mining magnate Ivan Glasenberg
December 08, 2020 10:08 PM EST| By Edita IvancevicIvan Glasenberg at International Economic Forum in St. Petersburg, Russia, 2016 (Image source: Shutterstock) Ivan Glasenberg, the Swiss-based billionaire, has the largest stake in the commodity trading and mining company, Glencore (LON:GLEN). The co...
Pfizer-BioNTech’s COVID-19 vaccine starts working within ten days of first dose, says FDA
December 08, 2020 09:53 PM EST| By Hina ChowdharyAccording to new documents released by the US regulator, Pfizer-BioNTech's COVID-19 vaccine, BNT162b2 shows response within almost ten days of the first dose. In the documents, the US Food and Drug Administration (FDA) mentioned that BNT162b2 was f.....
Tesla to Raise USD 5 Billion, Riding High on Share Price Boom
December 08, 2020 09:11 PM EST| By Team Kalkine MediaAmerican electric vehicle and clean energy company, Tesla Inc., has unveiled its plan to raise USD 5 billion. As per a regulatory filing on Tuesday, the additional shares will be sold from time to time, at the market prices. It is the second time i.....
Deutsche Bank, ANZ, Citi face trials in Australia’s biggest criminal case
December 08, 2020 07:44 AM EST| By Team Kalkine MediaThe three major banks, Australia and New Zealand (ANZ) Banking Group Ltd, Citigroup Inc, Deutsche Bank AG, and six of firms’ former staff were asked to face trial in Australia’s NSW Local Court on Tuesday after pleading not guil.....
In A First, Water Futures Start Trading On Wall Street
December 08, 2020 07:02 AM EST| By Hina ChowdharyWater has now entered the league of oil, gold, and other commodities futures on Wall Street, representing concerns that the life-sustaining natural reserve may become insufficient around the world. Chicago-based CME Group Inc unveiled agre.....
The Story of ‘Big Short’s’ Michael J. Burry
December 08, 2020 03:25 AM EST| By Edita IvancevicImage Source: Shutterstock People in large number remember how nerve-wracking the 2008 Global Financial Crisis was. Wall Street completely crashed, and the world was left with years of financial struggles. Yet, some investors could sense the future...
