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Jeff Bezos sells Amazon shares worth US$2.5 billion in May
May 06, 2021 12:37 PM AEST| By Furquan MoharkanThe world’s richest man, Jeff Bezos, has sold 739,032 shares of the company that he founded – Amazon Inc (NASDAQ: AMZN) – for US$2.49 billion. Source: OpenInsider. Kalkine Graphics According to the filings with the US Securiti.....
GM Expects Strong First Half; Uber Cuts Q1 Loss On Food Delivery Growth
May 06, 2021 10:44 AM AEST| By Team Kalkine MediaSummary GM CEO Mary Barra said the company anticipates a strong first half with adjusted EBIT around US$5.5 billion. Uber’s gross booking in food delivery jumped 166 percent year over year to US$12.5 billion. General Motors Company (.....
Uber, Lyft Stocks Tumble As Biden Scraps Trump-Era Gig Worker Rule
May 06, 2021 09:48 AM AEST| By Team Kalkine MediaSummary Defending the decision, Labor Secretary Marty Walsh said the new policy would help protect essential workers' rights. Uber was down 3.42% to US$51.18, Lyft tumbled 6.34% to US$52.63, and DoorDash declined 5.05% to US$128.39 at the marke.....
S&P/TSX Soars ~123 Points To 19,310 On Energy Strength
May 06, 2021 07:30 AM AEST| By Team Kalkine MediaThe TSX composite index rose on Wednesday, May 5, boosted by energy stocks after oil prices surged due to easing of lockdowns in the United States and parts of Europe. The TSX energy index rose 2.713%, while the TSX composite index climbed up 0.64% t...
Canada Allows Pfizer-BioNTech Shot For Minors Aged 12-16, Stock Rises
May 06, 2021 02:55 AM AEST| By AnujHealth Canada has authorized the Pfizer-BioNTech COVID-19 vaccine for minors between the ages of 12 and 16. Earlier, the healthcare regulator had approved the Pfizer shot only for people above the age of 16. This decision came after the duo vaccine...
5 Canadian Hot Stocks To Buy This May!
May 06, 2021 02:17 AM AEST| By AnujThe Toronto Stock Exchange’s composite index witnessed an all-time high this year after nosediving in March 2020. We explore five hot stocks, all priced under C$55 apiece, that could be the top picks of the month. This diversified set of stock...
New Cryptocurrency Index Takes Crypto Closer to Mainstream
May 05, 2021 07:49 PM AEST| By Team Kalkine MediaSummary S&P Dow Jones has launched a new series of digital asset benchmarks, further cementing the digital asset class as a mainstream option for investors. The move comes as investor demand for index-based solutions continues to grow amids.....
Can Dogecoin Hit $1 Before Elon Musk's SNL Debut?
May 05, 2021 07:19 PM AEST| By AnujDogecoin (Doge) set a fresh record high on Wednesday, May 5 (2AM EST), smashing over US$ 0.69 apiece. The meme-inspired cryptocurrency, which is also known for its Shiba Inu dog-mascot, currently has a market capitalization of over US$ 89 billion, ac...
Ethereum creator becomes a billionaire at just 27 as the crypto price surges
May 05, 2021 04:26 PM AEST| By Team Kalkine MediaSummary Ethereum has reached a unit value of AU$4,291 for the first time in its history. The sudden surge of the second largest cryptocurrency has made its creator, Vitalik Buterin, a billionaire. A massive upsurge in the trading of Non-Fungib.....
Hang Seng, ASX 200 top gainers in APAC; Taiwan indices tumble
May 05, 2021 01:28 PM AEST| By Furquan MoharkanSummary Hang Seng, ASX outperform APAC. Taiwan indices are the worst-hit. China, Japan markets remain closed on Wednesday. Australian benchmark index ASX200 and Hong Kong’s Hang Seng Index were the largest gainers in the Asia-Pacifi.....
High-decibel chorus for national lockdown fails to sway Modi
May 05, 2021 01:23 PM AEST| By Furquan MoharkanThe calls for nationwide lockdown in India have gained momentum as surging COVID-19 cases and deaths have shattered the country and crippled its health care system. However, Indian Prime Minister Narendra Modi seems to be looking the other way and .....
S&P Dow Jones Indices test the waters in digital assets
May 05, 2021 11:56 AM AEST| By Furquan MoharkanIn what seems to add deeper mainstream hue to cryptocurrencies, the world’s largest index provider – S&P Dow Jones Indices (S&P DJI) – has announced the launch of its digital asset benchmarks named S&P Digital Market I.....
S&P/TSX Down 0.13% to 19,188 Driven By Fall In Tech Stocks
May 05, 2021 07:30 AM AEST| By Team Kalkine MediaThe TSX composite index fell 0.13% to settle at 19,188.03 on Tuesday, May 4, primarily due to the fall in the technology sector in the United States. The tech sector was hit by the anticipation of rising interest rates. Several large US tech players,...
10 Things to Know About Digital Artwork and NFTs
May 05, 2021 03:00 AM AEST| By Team Kalkine MediaSummary NFTs are the latest craze in the investment sphere with many turning to the unconventional tool to keep as a collectible. Big brands have associated themselves with the investment tool, more so to use it as a marketing device. NFTs may.....
Doge To The Moon! Dogecoin Hits Record High Ahead Of Musk’s SNL Debut
May 05, 2021 01:56 AM AEST| By AnujCryptocurrency Dogecoin surpassed Stellar to take the fourth position in terms of market cap after it recorded an all-time high of US$ 0.495439 apiece on Tuesday, 4 May (4:15AM EST). The meme token climbed as much as 26 per cent and pushed its marke...
Why Commodities Index Hit at A Nine-Year High
May 04, 2021 05:07 PM AEST| By Team Kalkine MediaSummary The Bloomberg commodity spot index surged to nine-year high levels amid robust economic recovery. Almost all the commodities are rallying as the economic rebound bolstered their demand. The commodity prices recovered significantly from.....
Unemployment In Urban India Nearing Hit Double-Digit Mark As COVID-19 Crisis Deepens
May 04, 2021 04:16 PM AEST| By Furquan MoharkanThe chances of economic recovery in the world’s second-most populous country – India – look bleak as the unemployment rate in the urban centres in India has touched its highest level in almost eight months – nearing a double.....
XRP Makes Waves, Soars 40% in the Past Week
May 04, 2021 03:50 PM AEST| By Team Kalkine MediaSummary Cryptocurrency Ripple (XRP) has gained a 3% market share, having risen 40% in the past seven days. Ripple, first launched in 2012, was designed to improve upon the limitations of Bitcoin (BTC) by creating a more sustainable digital asse.....
It’s splitsville for the Gates: Bill, Melinda end 27-year marriage
May 04, 2021 01:30 PM AEST| By Team Kalkine MediaMicrosoft co-founder and the world's fourth wealthiest person, Bill Gates and his wife Melinda have mutually decided to end their 27-year-long marriage. On Monday, they announced their split on Twitter through identical tweets. A glimpse into what.....
Mixed opening for APAC markets; Japan, China and Thailand on holidays
May 04, 2021 01:06 PM AEST| By Furquan MoharkanThe Asia-Pacific markets were showing mixed trends on Tuesday, even as three major markets – China, Japan, and Thailand – are closed on account of respective national holidays. South Korea’s KOSPI was down 14 basis points despite.....
