AUS
NZ
UK
CA
USA
IND
News
Premiers Demand Funding Boost From Trudeau-Led Govt Amid Surging COVID Cases
December 11, 2020 09:23 AM EST| By Team Kalkine MediaPremiers of the 13 provinces and territories in Canada left their recent meeting with Prime Minister Justin Trudeau feeling disappointed, as per media reports. In the virtual first ministers' meeting held on Thursday, December 10, the prem.....
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...
Energy Sector Pulls Up TSX, Up 0.19%
December 10, 2020 05:25 PM EST| By Team Kalkine MediaThe broader index of the Canadian Stock market, the S&P/TSX Index, on Thursday pared some of the losses of the previous trading session, driven by higher crude oil prices and rising energy sector. The S&P/TSX Composite traded 33.48 points or...
How Bitbond and BVDH launched Euro stablecoin
December 11, 2020 12:57 AM AEDT| By Kunal SawhneyOne of the oldest Germany’s banks Bankhaus von der Heydt and blockchain technology provider Bitbond have successfully launched the first-ever Euro stablecoin, which is now available for trading. On 9 December, the BVDH launched Euro stablecoi.....
After Shopify’s (TSX:SHOP) Expansion, Amazon Takes On More Office Space In Toronto
December 10, 2020 07:34 AM EST| By Team Kalkine MediaE-commerce giant Amazon signed leases for 100,000 square feet in two buildings in downtown Toronto. The development comes months after ecommerce rival Shopify, the largest public company of Canada, expanded in the area acquiring floorspace...
Canadian Home Prices To Decline By Up To 5% In 2021: Fitch
December 10, 2020 07:34 AM EST| By Team Kalkine MediaRatings agency Fitch said the decline in Canadian home prices will be because of low demands due to long periods of unemployment and affordability factors. The drop is also due to declining rents and low immigration due to the pandemic. T...
Clothing Retailer Roots (TSX: ROOT) Q3 Results Out
December 10, 2020 07:33 AM EST| By Team Kalkine MediaRoot Corporation’s third-quarter profit rose to $10.3 million as compared to $2 million a year ago. Overall sales went down to $72.9 million in Q3 2020 from $86.4 million in Q3 2019. Gross profit was $43.6 million, down from $47.4 m...
Whitecap Resources (TSX: WCP) Merges With TORC Oil & Gas (TSX: TOG)
December 10, 2020 07:33 AM EST| By Team Kalkine MediaWhitecap is buying Calgary rival TORC Oil & Gas Ltd for $550-million in an all-stock deal, which is expected to close in late February. As per deal terms, TORC share owned can be exchanged for 0.57 of a Whitecap stock. The merger come...
US Shoots First Complaint Against Canada Under CUSMA Over Dairy Markets
December 10, 2020 07:32 AM EST| By Team Kalkine MediaThe United States complained that its dairy producers are being unfairly shut out of “highly protected” Canadian markets. Canada’s tariff-rate quotas allows import of certain dairy products such as milk and cheese at lowe...
Bank of Canada Maintains Policy Rate, Says ‘Choppy’ Growth Trajectory Ahead
December 10, 2020 04:18 AM EST| By Team Kalkine MediaThe Bank of Canada (BoC) once again upheld its current policy rate and ongoing quantitative easing (QE) program. In an official briefing on Wednesday, the central bank said the key interest rate will continue to be at 0.25 per cent until the 2 per ce...
Health Canada Approves Pfizer-BioNTech COVID Vaccine, First Shots Due Next Week
December 10, 2020 04:12 AM EST| By Kunal SawhneySummary Health Canada has approved Pfizer Inc (NYSE: PFE, PFE:US) and BioNTech SE’s COVID-19 vaccine for public use in the country. Administration of the vaccine shots are expected to begin as quickly as the third week of December. Prime.....
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.....
