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Snap Inc (NYSE: SNAP) nixes iPhone privacy fears - answer to Meta woes?
February 04, 2022 11:58 AM EST| By Rupam RoyHighlights Snap Inc forecasts revenue of US$1.03 billion to US$1.08 billion in Q1, FY22. It expects daily active users to be in the range of 328 million to 330 million. The company reported its first positive net income since its IPO in March .....
Amazon (AMZN) rides Rivian stake to US$14.3-bn profit, raises membership fees
February 03, 2022 07:38 PM EST| By Sanjeeb BaruahAmazon.com Inc (AMZN) on Thursday posted a fourth-quarter profit of US$14.3 billion, boosted by a pre-tax gain from its stake in electric vehicle maker Rivian Automotive. The stock rose as much as 15% in the after-market hours after dipping nearly.....
US stocks close in red after Meta (FB) rout, Zuckerberg loses US$29 bn
February 03, 2022 06:00 PM EST| By Versha JainBenchmark US indices closed in the red on Thursday, February 3, after Mark Zuckerberg-led Meta Platforms, Inc lost roughly US$200 billion in market value in a massive stock rout. Shares of other tech companies, such as Amazon.com, Google, and Spotif...
What is NFT? How to create and sell?
February 03, 2022 12:14 PM EST| By Versha JainNon-fungible tokens (NFT) shot into the limelight after some of them were sold at eye-popping price tags, showing their enormous earning potential. For instance, Beeple sold an NFT titled "Everyday: The First 5000 Days" for an astounding US$.....
Jeff Bezos gets Dutch bridge dismantled to make way for his yacht
February 03, 2022 09:12 AM EST| By Sanjeeb BaruahAmazon.com, Inc (AMZN) founder Jeff Bezos is bearing the cost of taking apart a historic Dutch bridge so his US$485-million superyacht can pass, it was revealed this week. Rotterdam officials agreed to dismantle the steel Koningshaven bridge that .....
Can McDonald's (MCD) influence food companies to enter metaverse?
February 01, 2022 09:27 AM EST| By Rupam RoyFast-food chain McDonald's Corporation is celebrating the Chinese Lunar New Year with a specially created Metaverse-themed VR exhibition inspired by Zodiac signs. McDonald's on Tuesday greeted the citizens with a metaverse-themed exhibition as the.....
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Global inflation pressures may ease in next 12-18 months, says OECD
February 01, 2022 04:33 AM EST| By Team Kalkine MediaHighlights Global inflation pressures would ease over the next 12 to 18 months, as per the OECD. The OECD sees rebalancing of the global demand and supply equation. Global economy has recovered well after being hit badly by COVID-19 pandemic. .....
Everything you need to know about Winter Olympics 2022
January 31, 2022 04:29 AM EST| By Toshiva JainThe Winter Olympics 2022 is set to take place in Beijing this year. The sports gala begins on February 4 and will end on February 20. As the date of the long-awaited winter sports matches comes closer, there is a list of questions the world citizen.....
Why are businesses moving out of Myanmar?
January 28, 2022 09:10 AM EST| By Toshiva JainSince February 2021, a lot has been happening in Myanmar. As the world collectively fights the Covid-19 pandemic, this third world country has another life-threatening war going on. Last year, in February, the military took over the country in its .....
Keppel posts ‘highest in six years’ profit of SG$1.02 billion
January 28, 2022 05:37 AM EST| By Priyanka PayalHighlights Keppel Corporation posts a net profit of SG$1.02 billion for the entire year ended 31 December 2021. The conglomerate has proposed a final cash dividend of 21.0 cents per share. Keppel’s announcement also includes a share-buyb.....
Bentley all set to go electric!
January 27, 2022 04:45 AM EST| By Sonal GoyalHighlights Bentley Motors has reaffirmed that by 2050, the company will go completely electric. Bentley will be launching five EVs staring in 2025. The company will be investing around 2.5 billion pounds over the next decade for the “gam.....
A journey into the future: How the world may look like in 2050
January 24, 2022 09:07 PM EST| By Aditi SahaHighlights Over the next few years, the number of smart cities around the world is predicted to explode. By 2050, smart cities will be home to 70% of the world's population. City: 2050 will be modernised, technologically advanced, and will mak.....
What is Twitter’s new feature about NFT and profile picture?
January 21, 2022 12:29 AM EST| By Jasmine AnandHighlights Twitter comes up with a new feature, allowing its users to display their NFTs as their profile pictures. New NFT avatars would appear in a hexagonal border instead of a circle. At present, the service is extended to Twitter Blue sub.....
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US stocks retreat for third straight day on inflation woes
January 20, 2022 05:31 PM EST| By Versha JainUS stocks closed in a sea of red on Thursday, January 20, as investors paused their bullish bets amid mixed signals from the economy. The S&P 500 fell 1.10% to 4,482.73. The Dow Jones declined 0.89% to 34,715.39. The NASDAQ Composite was down 1....
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What led to Grayscale Bitcoin Trust’s (GBTC) record-high discounts?
January 20, 2022 01:39 AM EST| By Jasmine AnandHighlights Grayscale Bitcoin Trust, a popular crypto fund, has been witnessing steep discounts in the trading of its share. GBTC’s discount has reached 26.5%, the highest in the last 12 months. Some of the reasons for the same can .....
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US stocks edge lower as technology, financial sectors slip
January 19, 2022 04:35 PM EST| By Rupam RoyBenchmark US indices drifted lower at the close on Wednesday, January 19, dragged down by losses in technology and financial sectors amid a choppy trading session. The S&P 500 was down 0.97% to 4,532.76. The Dow Jones fell 0.96% to 35,028.65. Th...
Wealth of richest men doubled in pandemic, says Oxfam
January 19, 2022 03:42 AM EST| By Toshiva JainHighlights The 2022 Oxfam report highlights that the collective wealth of the world’s top 10 richest men has doubled in the pandemic. About 99% of the world’s population is in a worse condition due to lockdowns, loss of business, em.....
Walmart is ready to penetrate the Metaverse world
January 19, 2022 01:36 AM EST| By Jasmine AnandHighlights Renowned retailer Walmart is taking a leap into the Metaverse and blockchain technology. It aims to introduce NFTs and create its own crypto in the future and has filed applications for the same. To explore emerging technologies and.....
Why is Singapore alerting people against crypto marketing services?
January 17, 2022 11:59 PM EST| By Jasmine AnandHighlights Singapore’s Central Bank has issued guidelines to limit activities of crypto players for marketing or promoting their services to retail investors. To protect interests of the general public and shield them from extreme price f.....
Why does China want to strengthen economic ties with New Zealand?
January 17, 2022 04:48 AM EST| By ManikaEven though diplomatic ties between China and New Zealand are getting strained, both countries are keen on deepening economic ties. An indication of this is likely the appointment of a new Chinese ambassador who has previously worked on the Belt an.....
