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FedEx Q3 Income Soars 153% As E-Commerce Deliveries Surge
March 21, 2021 07:15 PM AEDT| By Team Kalkine MediaSource: Carlos Yudica, Shutterstock Summary FedEx stocks jumped nearly 133 percent over the past year as the company’s profits grew. Its revenues for Q3 ended February 28, 2021, grew 23 percent to US$21.5 billion. Its average daily pack...
Coinbase Pays US$6.5 Mn Penalty Over False Data Amid IPO Talks
March 21, 2021 07:10 PM AEDT| By Team Kalkine Medialeading data potentially inflated the volume of its digital assets, it noted. Coinbase Global Inc., the world’s largest crypto exchange, has paid a US$6.5 million penalty on charges of falsifying transaction data that may have possibly inf...
Elon Musk Says Tesla May Be Shut Down If Its Cars Spied In China
March 21, 2021 07:05 PM AEDT| By Team Kalkine MediaSource: canadianPhotographer56, Shutterstock Summary Military restricted the use of Tesla cars on military compounds over security concerns. Ban was triggered by fears that Tesla cars might be used to collect military data. China accounted fo...
1 in 5 Canadians Faced Depression, Anxiety Or PTSD Amid COVID: StatCan
March 21, 2021 04:42 PM AEDT| By Shreya BiswasSource: Guschenkova, Shutterstock Summary A Statistics Canada survey found that one in five Canadian adults suffered from either depression, generalized anxiety disorder or posttraumatic stress disorder (PTSD). Nearly one in four women screene...
China's Geely To Launch Premium EV brand To Take On Tesla
March 20, 2021 03:53 PM AEDT| By Team Kalkine MediaSource: Mike Flippo, Shutterstock Summary Geely to roll out premium EV brand Zeekr to compete with Tesla and others. The company to shun dealership model, build own showrooms to sell cars. Its competitors include Tesla, NIO, Volkswagen, Toyot...
WhatsApp, Instagram, Messenger Resume After Brief Global Outage
March 20, 2021 01:48 PM AEDT| By Team Kalkine MediaSource: Rawpixel.com, Shutterstock WhatsApp, Facebook Messenger, and Instagram suffered a brief global outage on Friday, leading to many users resorting to Twitter to air their frustrations. However, the services were resumed shortly after 11:00 pm...
US Stocks Notch Modest Weekly Loss As Bond Yield Retreats
March 20, 2021 01:12 PM AEDT| By Team Kalkine MediaSource: jo.pix, Shutterstock Summary S&P 500 dropped 0.06%, Dow Jones fell 0.71%, and NASDAQ gained 0.76%. Google to spend US$7 billion on offices and data centers, hire 10,000 staff. JPMorgan to purchase US$410 million stake in China Mer...
NFT Explained: Here's what we know so far!
March 20, 2021 08:36 AM AEDT| By Kunal SawhneySource: Tibor Duris, Shutterstock Summary A digital only JPEG image auctioned for $69 million. image made by digital artist Mike Winkelmann; auction held at Christie's website. Non-fungible token or NFT is the digital answer to collectibles?...
TSX Composite Up By 0.09% to 18,854 Level
March 20, 2021 08:08 AM AEDT| By Team Kalkine MediaCopyright © 2021 Kalkine Media Pty Ltd. The TSX Composite Index moved up to 18,854.00 on Friday, March 19, witnessing an increase of 0.09%. The benchmark index dipped around 0.50% in the last five trading sessions. The index recorded a high of...
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Lion Electric To Optimize EV Ops With Geotab’s Open Platform
March 20, 2021 05:18 AM AEDT| By AnujSource: OneSideProFoto, Shutterstock Lion Electric entered a partnership with telematics solutions firm Geotab on Thursday (March 19) to optimize its LionBeat Advanced EV Telematics, a suite offering for electric fleet. The LionBeat system is devel...
Restaurant Brands (TSX:QSR) Stocks Rise On Popeyes’ Expansion Plan
March 20, 2021 03:29 AM AEDT| By Shreya BiswasSource: Edvard Nalbantjan, Shutterstock Summary Fast-food chain Popeyes is set to expand its business in Mexico via a partnership with asset management company JK Capital. Owner Restaurant Brands said that it plans to open hundreds of Popeyes...
Retail Sales Plunge In Canada For 2 Months In A Row
March 20, 2021 01:45 AM AEDT| By AnujSource: Madcat_Madlove, Shutterstock For the second consecutive month, retail sales in Canada went down by 1.1 per cent in January 2021, according a report release by Statistics Canada on Friday. Last month, Canadian retails sales had witnessed the...
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Canada’s Economic Recovery Linked To COVID’s Path: IMF
March 19, 2021 11:56 PM AEDT| By Shreya BiswasSource: Nhemz, Shutterstock Summary The International Monetary Fund’s (IMF) annual report said that the recovery of the Canadian economy is “inexorably linked” with how the COVID-19 evolves. The IMF also suggested that introd...
Moderna May Get First-Mover Advantage In Children’s COVID Vaccine
March 19, 2021 07:54 PM AEDT| By Ipsita SarkarSource: iHumnoi, Shutterstock Summary Moderna to launch pediatric trials for children vaccine in the US and Canada. Moderna may net US1.5 billion from 100 mn doses needed to cover the young population. The income scope is huge as none of...
Experts Bump Up 2021 Global GDP Forecasts on Recovery Hopes
March 19, 2021 04:15 PM AEDT| By Daminintinued government support seems necessary to drive economic recovery in the period ahead. The continuing rollout of COVID-19 vaccines worldwide to contain the spread of the pandemic has emerged as a shot in the arm for the global economy. The...
China Leading The World In Wind Energy Market
March 19, 2021 02:39 PM AEDT| By Mark O'Donnelli> Total worldwide wind-energy capacity is set to touch 1000 Gigawatts by 2024. Wind farms were one of the most popular renewable energy projects in 2020. The country building the most wind farm capacity is China. In 2020, China alone managed t...
GameStop Quarterly Earnings Report Due. What Is Next For The Meme Stock?
March 19, 2021 11:31 AM AEDT| By Mark O'DonnellSource: rarrarorro ,Shutterstock Summary GameStop stock has fallen 23.8% since the close of last week Friday’s market session. The gaming retailer’s earnings report for quarter ended January 2021 is due to hit the market next...
Energy & Healthcare Pulls Down TSX, Investors Dump Tech Stocks
March 19, 2021 08:25 AM AEDT| By Team Kalkine MediaCopyright © 2021 Kalkine Media Pty Ltd. The benchmark index of the Toronto Stock Exchange (TSX) fell from its highs earlier this week, doffing 146.63 points or 0.77 per cent to settle at 18,936.47 on Thursday. Weakness in energy and healthcare...
US Stocks Tumble Amid Supply Chain Woes, Bond Rally
March 19, 2021 08:25 AM AEDT| By Team Kalkine MediaSource: Creative Stock Studio Shutterstock Summary S&P 500 rose 0.29%, Dow Jones was up 0.58%, and NASDAQ gained 0.40%. HSBC to sell its lossmaking French retail bank to US equity research firm Cerberus Capital. China to invest US$2....
EU Drug Regulator Rules Astra Vaccine Safe After Blood Clot Fears
March 19, 2021 07:58 AM AEDT| By Team Kalkine MediaSource: Juan Roballo, Shutterstock Summary EU drug regulator EMA has ruled the AstraZeneca vaccine safe for use. Several countries, including Germany and France, stopped Astra shots after blood clot fears. The World Health Organization (...
