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News
SoftBank sheds assets, is it getting ready to go private?
September 14, 2020 08:44 PM AEST| By Team Kalkine MediaSoftBank Group Corp. (TYO:9984) share price surged 8.96% to settle the day at $6,385 on 14 September after the Company announced that it entered into an agreement to sell British chip designer Arm Holdings to Nvidia Corporation, ending SoftBank&rsq.....
China’s Exports Show Striking Growth Momentum While Imports Topple Amid Escalated Tensions
September 14, 2020 02:34 PM AEST| By Team Kalkine MediaChina’s hegemonic appetite serving as a major factor seems to have exacerbated the bitterness of its relationship with several nations. Despite its growing tensions with several economies, China’s trade scenario seems to ride out the st.....
Canopy Growth Partners With Martha Stewart to Launch New Line of Cannabis Products
September 13, 2020 02:02 AM AEST| By Team Kalkine MediaCanadian cannabis manufacturer Canopy Growth will be working with chef Martha Stewart on a line of CBD supplements inspired by Stewart’s famous recipes. Canopy announced that the line, named Martha Stewart CBD, will consist of &ldquo...
Canadian Tech Company Lightspeed Debuts at NYSE
September 13, 2020 02:00 AM AEST| By Team Kalkine MediaStocks of Lightspeed POS Inc (TSX: LSPD) started trading at the New York Stock Exchange on Friday (September 12). The Montreal-based omnichannel software provider had filed an initial public offering (IPO) of 11.65 million shares on T...
Wall Street Blue-Chip Citigroup Appoints New CEO Jane Fraser; A Water Break Moment for Women Leadership?
September 13, 2020 12:15 AM AEST| By Team Kalkine MediaIn its 2030 sustainable development plan, the United Nations has outlined 17 Sustainable Development Goals (SDG) that need urgent action by all for peace and prosperity for people and the planet. One of its goals is gender equality. It means that t.....
Uber luxurious Edgewater trophy home grabbed for $95 million
September 13, 2020 12:10 AM AEST| By Team Kalkine MediaOne of the most expensive residential properties known as Edgewater is believed to be bought by the gold mining businessman "John" Changjin Li. The new buyer is believed to have purchased the waterfront trophy property for about $95 million.....
Are “Work From Home” policies biased towards parents?
September 13, 2020 12:00 AM AEST| By Team Kalkine MediaThe COVID-19 pandemic has redefined the workspace with their humble abode becoming the work zone for the majority of people, post COVID-19 infection infiltrated the society. The concept of “Work from Home” (WFH), which was limited to t.....
TSX Climbs 37 Points, Industrials Biggest Gainer
September 12, 2020 10:07 AM AEST| By Team Kalkine MediaCanada’s leading equity gauge S&P/TSX Composite Index climbed 37.14 points or 0.23% to close at 16,222.46 on Friday. The S&P/TSX 60 index added 3.07 points or 0.32% to 973.383. However, the junior S&P/TSX Venture Composite Index set...
Too Soon to Exit From Monetary Stimulus, Says Bank of Canada Guv
September 12, 2020 06:06 AM AEST| By Team Kalkine MediaBank of Canada (BoC) governor Tiff Macklem, at a recent press briefing, stressed on the central bank’s decision to continue its quantitative easing (QE) program “at the current pace”. The BoC froze its benchmark interest...
Fitness company Peloton’s revenue soars as demand for at-home gym products continue
September 12, 2020 06:04 AM AEST| By Team Kalkine MediaPeloton Interactive, Inc, a New York-based exercise equipment company, reported a fiscal fourth quarter revenue of US$ 607.1 million, a 172 per cent increase from last year. The company raked up a profit of over US$ 89 million in t...
Consumer Debt Rises Due to Recovery in Housing Market and Slower Mortgage, says Equifax Canada
September 12, 2020 06:02 AM AEST| By Team Kalkine MediaA report by Equifax Canada says the country’s total consumer debt has risen to C$ 1.991 trillion in the second quarter of 2020. The housing market’s robust recovery, coupled with a slower payoff of existing mortgages, has led t...
Canada Sees Lowest Household Debt Ratio Since 2010
September 12, 2020 06:00 AM AEST| By Team Kalkine MediaA Statistics Canada report shows that the household credit market debt has fallen to 158.2 per cent of disposable income in the second quarter of 2020. The report said that this was caused by a 10.8 per cent raise in household disposable i...
What is NEO?
September 12, 2020 01:29 AM AEST| By Edita IvancevicNEO is a China-based network and cryptocurrency that is based on a blockchain technology. Da Hongfei and Erik Zhan launched AntShares in 2014, which was later renamed to NEO in 2017. DO READ: What is a cryptocurrency and how to use it? The idea b.....
US elections become a target for hackers
September 11, 2020 06:36 PM AEST| By Edita IvancevicHacker activity connected to Russia, China and Iran was exposed yesterday by Microsoft, stating that they detected cybercrimes targeting upcoming US presidential elections. People and organizations that were a part of both Trump and Biden presiden.....
Before COVID Rattled Stock Markets, There Was 9/11
September 11, 2020 02:53 PM AEST| By Team Kalkine Mediafinancial resilience, while markets in European countries took longer to bounce back. Apart from the staggering levels of loss of lives and infrastructure, the 11 September 2001 terror attacks had a huge impac....
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Water Bottle Maker, Zhong Shanshan Is The New Chinese Billionaire
September 11, 2020 02:09 PM AEST| By Team Kalkine MediaTechnology is an ever-evolving space. With improving and ever-changing features, every time something or other new thing keeps coming. Consequently, we have multiple stories of founders creating fortunes through such businesses. For instance, Zoom.....
TSX Composite Slips 198 Points; Suncor Energy Most Active Stock
September 11, 2020 01:11 PM AEST| By Team Kalkine MediaIn the Thursday trading session, the TSX Composite Index ended 198.28 points or 1.21% lower to 16,185.32. Suncor Energy Inc., Canadian Natural Resources Limited, Enbridge Inc., and Manulife Financial Corporation were the most actively traded stocks d...
Husky Energy Inc Seeks Direct Government Investment in its C$ 2.2-billion West White Rose Project
September 11, 2020 11:32 AM AEST| By Team Kalkine MediaHusky Energy announced on Wednesday that the West White Rose project is being put on review due to a one-year delay in construction delay. The delay in construction, implemented in March, was brought on by the declining prices of oil amid...
House Starts in Canada Hit Record High, Highest Since 2007
September 11, 2020 11:31 AM AEST| By Team Kalkine MediaHouse starts, which reflects the number of new homes under construction, reached 262,396 units in August on an annualized basis, an increase of nearly 7 per cent from 245,425 units in July. The Canada Mortgage and Housing Corp said on Wedn...
Canadian Dollar Rebounds After Three-Week Low
September 11, 2020 11:30 AM AEST| By Team Kalkine MediaThe Canadian dollar strengthened against the US greenback on September 9, trading 0.6 per cent higher at 1.3153 to the dollar. This rebound occurred after oil prices and equity markets recently recovered some of its losses incurred during...
Canadian AI All-Stars: Unveiling the Top Stocks for 2025