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GameStop Quarterly Earnings Report Due. What Is Next For The Meme Stock?
March 19, 2021 01:31 AM CET| 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...
US Stocks Tumble Amid Supply Chain Woes, Bond Rally
March 18, 2021 10:25 PM CET| 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....
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The Economic Corner
March 18, 2021 02:30 PM CET| By Team Kalkine MediaSource: vwhiteMocca, Shutterstock Welcome to the Economic Corner – where we update you on all the biggest global economic announcements. The Fed upgraded US growth forecast and signalled that the interest rates will be kept close to zero unti...
Fintech player SumUp raises capital worth €750m to fund global expansion
March 18, 2021 10:07 AM CET| By Team Kalkine MediaSource: Olena Yakobchuk, Shutterstock Summary London-based SumUp has raised a debt of €750 million from existing and new investors. Goldman Sachs, Bain Capital, Temasek and Crestline were the primary investors along with funds managed by...
NHTSA To Investigate Another Tesla Crash Involving Autopilot
March 18, 2021 09:02 AM CET| By Suhita PoddarSource: TierneyMJ, Shutterstock Summary The US National Highway Traffic Safety Administration has formed a special crash investigation team to investigate a crash involving Tesla’s Model Y. The car was running on Autopilot in Michigan an...
New Zealand Retains America's Cup Title, What's Next?
March 18, 2021 07:18 AM CET| By RomaSource: Steve Todd, Shutterstock Summary Team NZ holds fort at the America’s Cup for the 4th consecutive year. The UK team has been confirmed as a challenger for the next leg of the event. Team NZ to be awarded NZ$5M, talks about the ev...
Biggest Global Economic Updates
March 18, 2021 06:33 AM CET| By Team Kalkine MediaSource: Sittipong Phokawattana ,Shutterstock Welcome to the Economic Corner – where we update you on all the biggest global economic announcements. US Federal Reserve meeting on 17 March was one that was closely watched by the world. The...
US Banks’ Increasing Exposure To Chinese Market
March 18, 2021 04:58 AM CET| By Mark O'DonnellSource: Mike Flippo ,Shutterstock Summary The Chinese Market is increasingly alluring the world biggest banks. The US and European banks are increasing their exposure to the world’s second-biggest economy. While the Chinese market i...
Top 5 developments from Australia and world
March 18, 2021 04:06 AM CET| By AshishSource: Tendo, Shutterstock Summary Fed Chair Jerome Powell said that it was too early to discuss tapering off measures to support the struggling economy. Australia’s unemployment decreased by 70,000 people in February. The unemploy...
Carbon Neutral Goal Setting By Multinational Brands
March 18, 2021 03:20 AM CET| By Mark O'DonnellSource: PH.MarkoStanojevic ,Shutterstock Several big multinational brands have announced plans to transform their businesses and go carbon neutral. Big brands are beginning to recognise their environmental responsibility and plan to cater to co...
How oil trader Vitol cashed in on 2020 oil glut to score record profit
March 18, 2021 03:15 AM CET| By Team Kalkine MediaSource: Oil and Gas Photographer, Shutterstock Summary Commodity trading behemoth Vitol has registered a record profit in 2020. Most of the oil traders booked huge profits in the second half of 2020, capitalising on the market volatility...
What Triggered New Zealand’s GDP Contraction in Q4 FY20?
March 18, 2021 03:13 AM CET| By ManikaSource: ESB Professional, Shutterstock Summary Last quarter GDP of New Zealand declines by 1%. Even though GDP picked up in September, total annual drop has been 2.9%. Economists had expected GDP to improve in Q4 also as there was an upt...
Luxury Retail Stocks Paying Off In 2021
March 18, 2021 01:54 AM CET| By Mark O'DonnellSource: Mihai_Andritoiu, Shutterstock Summary Luxury retailers have performed surprisingly well over the past year and a half, attracting customers and investors. LVMH has a wide range of products and customer base to weather downturns in...
US Markets End Higher After Fed Statement, Stocks Trim Losses
March 17, 2021 10:40 PM CET| By Team Kalkine Mediacan Airlines Group secures $10 billion loan to pay-off its government debts. US stocks edged higher on Wednesday after the Federal Reserve highlighted the growth momentum in the economy and kept the interest rates steady, and tech, consumer cycl...
3 US listed Renewable Energy stocks with interesting chart patterns
March 17, 2021 11:27 AM CET| By Team Kalkine MediaSource: Eviart, Shutterstock Summary Sunpower Corp. prices are trading above the crucial upward sloping trendline support on the weekly chart. Sunpower Corp. prices hold the 61.8% Fibonacci retracement level and delivered multifold returns in...
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Australia sends 8000 vaccines to PNG, requests AstraZeneca to send 1 million more jabs
March 17, 2021 11:05 AM CET| By Team Kalkine MediaSource: insta_photos, Shutterstock Summary: Australia has requested AstraZeneca to send one million doses of vaccine to PNG. It will also provide masks, sanitiser, ventilators, gowns, and other essentials. The island has 2,351 confirmed cases,...
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Kiwis Rejoiced St. Patrick’s Day With Policemen On Guard
March 17, 2021 08:53 AM CET| By Team Kalkine MediaSource: Ryan McCarrel, Shutterstock Commonly known as the Feast of Saint Patrick, St. Patrick’s Day was celebrated in New Zealand on 17 March. Source: © Shootalot | Megapixl.com St. Patrick’s Day marks the celebration of St. Pat...
New Zealand’s first carbon auction receives massive response
March 17, 2021 08:05 AM CET| By SonalSource: Kodda ,Shutterstock Summary NZ’s first auction of emission allowances happened on 17 March. 7 million units were sold in NZ’s first carbon auction. The NZ government made changes to auction process in 2020 as it intro...
Would The Rise In NZ Coal Imports Pose A Threat To Its Low Emissions Goal?
March 17, 2021 02:51 AM CET| By Team Kalkine MediaSource:Wojciech Wrzesien, Shutterstock Established in 1993 as the Association of Consumers and Taxpayers, ACT’s representative Simon Court opined that the agency feels mocked every time when the NZ government claims of working towards a carbon...
Electric Revolution For European Automakers In The Next Decade
March 17, 2021 01:55 AM CET| By Mark O'DonnellSource: temp-64GTX, Shutterstock Summary Public and investor sentiment indicates that EVs would be the future of private transport. Government regulations coming into force worldwide is helping to accelerate the adoption of EVs and forcin...