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US Markets Close Higher As Tech, Cyclical Stocks Shine
May 25, 2021 12:38 AM CEST| By Team Kalkine MediaAll benchmark US indices closed higher on Monday, May 24, lifted by technology and cyclical stocks as investors kept their inflation worries aside to focus on opportunities from the reopening of the economy. The S&P 500 gained 0.99% to 4197.05....
The business of podcasting: How do podcasters rake in revenue?
May 24, 2021 11:44 AM CEST| By Team Kalkine MediaSummary Podcasting is the fastest growing medium in the world, but it hasn’t yet realised its monetary potential. A meagre one per cent of podcasts accounts for the lion’s share of revenue despite there being over 1.7 million podcas.....
Cryptocurrencies Across the World Experience a Free-Fall over the Weekend
May 24, 2021 03:10 PM AEST| By Team Kalkine MediaThe global cryptocurrency market has suffered considerable losses in the past 24 hours as several of the most prominent digital currencies struggle to maintain the record highs achieved one month ago. The price of the world’s largest cryptoc.....
COVID-19 Vaccines’ Global Roll-Out A Tough Nut to Crack
May 24, 2021 05:26 AM CEST| By RomaSummary Vaccine roll-out across the world facing a lot of challenges. Different countries facing vaccine shortage. AstraZeneca’s side effects caused huge concerns in the roll-out pace. Vaccine roll-out across the world has witnessed.....
New Zealand’s Retail spending grows 2.5% in Q1 2021
May 24, 2021 04:51 AM CEST| By SonalSummary The total retail sales volumes (seasonally adjusted) in New Zealand rose 2.5% on quarter in March 2021. Higher retail expenditure on electrical and electronic goods (+8.4%) and recreational goods (+16%) helped in improving overall spend.....
How can a shift in clean energy initiatives spark job creation in Australia?
May 24, 2021 03:06 AM CEST| By Team Kalkine MediaSummary Australia has been observing significant progress in renewable energy resources. The transition to renewables will create jobs in the local manufacturing industry and create new opportunities for an array of Australians. Australia&rsqu.....
Virgin Galactic Completes Third Spaceflight
May 23, 2021 10:55 AM CEST| By Kiran MuraliSummary VSS Unity reached space at an altitude of 55.45 miles before gliding back. The flight marks the company’s third spaceflight and the first from New Mexico. Jeff Bezos’ space company Blue Origin will launch its first space to.....
How protective are COVID-19 vaccines against new variants?
May 23, 2021 10:51 AM CEST| By Kiran MuraliSummary A study by Public Health England says two doses of Pfizer-BioNTech and AstraZeneca vaccines are effective against the B.1.617.2 variant. Both the vaccines give similar protection against the strain first found in India and the one domin.....
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IMF Estimates US$50B Cost To End Pandemic In 2022
May 23, 2021 10:46 AM CEST| By Kiran MuraliA probable end to the COVID-19 pandemic could cost US$50 billion, according to the latest report by the International Monetary Fund. The international financial institution believes that vaccinating at least 40 percent of the global population by .....
Carbon Prices at an All-Time High; What’s Ahead?
May 22, 2021 04:40 PM CEST| By Nitish KumarSummary The prices of carbon have touched an all-time high during this week. The trend is expected to continue, on the back of implementation of more reforms to reduce greenhouse gas emissions in the near future. The European Union (EU) is hom.....
“Pied Piper”: the curious case of Elon Musk
May 22, 2021 04:37 PM CEST| By Furquan MoharkanBillionaire Elon Musk, the CEO of Tesla Inc (NYSE:TSLA), has a habit of staying in headlines – from his off-the-cuff tweets to ideas that seem irrational. This time, he is again in news, but a large section of people is angry at him, calling hi...
Volatility on rise; markets gripped with fear
May 22, 2021 04:33 PM CEST| By Furquan MoharkanThe volatility in Wall Street has shown a massive spike in the past one month, while the fear has been visible – a trend which may lead to further downside in the shares. The volatility index – represented by Chicago Board Options Exchan...
US Proposes 15% Tax On Global Corporate Profits
May 22, 2021 05:34 AM CEST| By Team Kalkine MediaSummary Treasury Department eyes 15% minimum corporate tax on overseas profits of US companies. OECD estimates that countries lose US$240 billion to companies that shift their earnings to countries having lower tax base. The Treasury D.....
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US Markets End Mixed As Stocks Retreat
May 22, 2021 05:02 AM CEST| By Team Kalkine MediaThe S&P 500 and the tech-heavy NASDAQ Composite Index closed lower, while the Dow Jones Industrial Average saw muted gains on Friday, May 21, as investors moved away from risker assets. The S&P 500 was down 0.08% to 4,155.86. Dow Jones rose...
Budget 2021 Aims At Greenhouse Gas Emissions; A glance At 5 NZX Energy Stocks- ZEL, MEL, MCY, TPW, TLT
May 21, 2021 10:00 PM CEST| By SonalSummary The New Zealand government has set out new funds and policies in budget 2021 to reduce the country’s GHG emissions. Budget has revealed the government’s plans to make investments in rail, EVs, and agriculture for greener pra.....
Elon Musk Calls for Renewable Energy Audits by Bitcoin Miners
May 21, 2021 04:57 PM AEST| By Team Kalkine MediaTesla (NASDAQ:TSLA) CEO and Bitcoin flip-flopper Elon Musk said on Thursday that concerns about Bitcoin’s environmental impact could be addressed by audits of renewable energy used by its miners. Source: © Niserin | Megapixl.com In a.....
Would New Zealand’s Budget Open Doors For More Employment In The Country?
May 21, 2021 07:09 AM CEST| By ManikaSummary Unemployment numbers still not that high in New Zealand Economic revival will boost employment. With focus on higher training for Kiwis, government revived the Training Incentive Allowance. The New Zealand Budget 2021 was mainl...
Budget 2021: What Is On the Horizon For New Zealand’s SMEs?
May 21, 2021 04:08 AM CEST| By Team Kalkine MediaSummary With the emergence of numerous technological innovations during the coronavirus pandemic, SMEs to scale up their digitalisation process. Budget 2021 announces ‘The Digital Boost Training Programme’. The programme aims at au.....
Would Budget 2021 Restore Vigour In New Zealand Property Market?
May 21, 2021 03:35 AM CEST| By SonalSummary House prices are anticipated to slow down in the coming years. A fall in expected house price growth could hinder the economic growth of New Zealand. Maori housing gets a budget boost. New Zealand has been struggling with relentle.....
US Stocks Rebound On Upbeat Labor Data
May 21, 2021 12:17 AM CEST| By Team Kalkine MediaAll benchmark US indices closed higher on Thursday, May 20, halting a downward trend witnessed in the past three days, as stocks bounced back sharply amid positive labor data. The S&P 500 was up 1.06% to 4,159.12. The Dow Jones Industrial Averag...