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Nissan Denies Tying Up with Apple for Its Electric Car
February 16, 2021 11:29 AM CET| By Team Kalkine MediaJapanese automobile company Nissan (TYO: 7201) announced that it was not in talks with technology major Apple (NASDAQ: AAPL) for developing its a self-driving electric car. According to a Financial Times report, the companies had held brief.....
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Equity markets continue their uptrend; Crude oil rises to 13 months high
February 16, 2021 06:40 AM CET| By Kunal SawhneyOn Tuesday, Global markets held the ground firmly and continued their bull run for the 12th straight session on the back of high optimism for the global economic recovery. The low-interest rates are also forcing investors to channelise their money .....
Texans Struggle Amid Deadly Winters and Power Outages
February 16, 2021 04:44 AM CET| By Hina ChowdharyTexas is facing a challenging situation due to the freezing temperature and rolling power blackouts across the state. As extreme weather conditions spiked the demand for electricity, the agency responsible for managing the electric grid has ordered.....
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Why is platinum at multi-year highs?
February 16, 2021 04:35 AM CET| By Kunal SawhneyFollowed by the emphatic industrial metals’ price rally on the expectations of global economic improvements, the prices of the Platinum contract hit ~US$1,291 an ounce on 15 February 2021, highest since September 2014. The current platinum p.....
US Dollar drops to 3-week low as vaccine optimism abounds
February 15, 2021 02:16 PM CET| By Team Kalkine Mediasignificantly as it rose to its highest level in about three years pushing past USD1.39. Tuesday marked a three-week low for US Dollar and a three-year high for Sterling as news surrounding the vaccine injected optimism into investors. The Brit....
A race against COVID-19: Meet five global vaccine developers in the fray
February 15, 2021 10:34 AM CET| By Kunal SawhneyVaccine development typically requires years of research, testing and additional time for large-scale manufacturing. However, this time researchers across the globe raced against the clock to develop anti-coronavirus vaccines within a year amid the.....
Bitcoin Continues to Zoom, Gold Investors Left Behind?
February 15, 2021 09:20 AM CET| By Kunal SawhneyBitcoin prices are going through the roof again with the digital currency reaching a record high of over USD 49K on 14 February 2021. So far, investors have been negatively correlating the digital asset with gold. However, the recent performance of...
Auckland under lockdown after 3 COVID-19 cases, Australia suspends quarantine-free travel
February 15, 2021 03:35 AM CET| By Team Kalkine MediaOn 14 February, New Zealand reported 3 new locally acquired coronavirus incidents in Auckland, putting the city into a 3-day lockdown. The largest city in NZ went into lockdown on 14 February with the rest of the country set at Alert Level 2. Jaci.....
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What is BNY Mellon’s latest initiative into the crypto world?
February 15, 2021 03:18 AM CET| By Team Kalkine MediaThe geopolitical environment around the cryptospace is getting spiced up day by day with a plethora of information emerging in the market. After developments like a bill proposed by the Indian government to ban the currency, many positive news or sen...
Disney nets 146 million paid subscribers in Q4
February 14, 2021 02:24 PM CET| By Team Kalkine MediaSource: Marko Aliaksandr, Shutterstock Summary The Walt Disney company revealed its December quarter results with Disney+ subscriptions being the major source of revenue during the quarter. The company reported that the total paid subscri...
Shopify, Walmart to Report Q4 Earnings Next Week: What to Expect
February 14, 2021 07:47 AM CET| By Hina ChowdharyShopify Inc. (NYSE: SHOP) and Walmart Inc. (NYSE: WMT) are expected to report their fourth-quarter earnings next week. Both the companies were expected to have performed relatively well in the quarter, supported by their increased online sales volu.....
Q4 Earnings Show Market Resilience, Positive Growth
February 14, 2021 06:32 AM CET| By Kunal SawhneyAs one-third of the fourth-quarter earnings season already behind us, markets would be looking forward to ending the remaining period with a positive note. Most of the big companies, at least on the heavyweight S&P 500 index, have either beaten.....
Trump Escapes Conviction, Leaving Door Open for 2024 Run
February 14, 2021 05:28 AM CET| By Team Kalkine MediaFormer US President Donald Trump escaped conviction in a Senate vote on Saturday on charges of inciting insurrection on the Capitol Hill, leaving the door open for another run in the 2024 elections. The sentencing motion was defeated in 57 guilty .....
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Three financial strategies for all single men or women
February 13, 2021 04:49 PM CET| By Hina ChowdharyAre you a single man or woman? If yes, have you financially secured your future? Worries would be less for those who have secured their financial future. And for others, it’s time for a serious rethink. Since single people are sole financial .....
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Bloomberg Commodity Index hits a 26 month-high after demand growth surged
February 13, 2021 03:43 PM CET| By Kunal SawhneyThe Bloomberg Commodity Index continues to recover as it rocketed to a 26-month high of USD84.05 on 9 February 2021. The Bloomberg commodity index incorporates 23 commodity futures, and all were trading at an all-time low during April 2020. The co.....
Banning BBC another nail in the coffin of UK-China relations
February 13, 2021 11:28 AM CET| By Team Kalkine MediaFollowing the UK’s media watchdog Ofcom decision to disallow China Global Television Network to broadcast in the UK, the Chinese authorities on Thursday banned the BBC from being aired in its country. The Chinese governm.....
US Markets End Week With Modest Gains; Disney Revenues Up 22%
February 13, 2021 02:45 AM CET| By Kunal SawhneyUS stock markets ended the week with modest gains on Friday after the Biden administration announced that more COVID vaccines are on the way and positive sentiment over the central bank’s efforts to contain any potential risk to the economy. .....
Tesla's (NASDAQ:TSLA) Chinese New Year Software Update Includes TikTok
February 12, 2021 05:17 PM CET| By Hina ChowdharyIn the essence of Chinese New Year, which falls on Friday, February 12, Tesla Inc (NASDAQ:TSLA, TSLA:US) has unveiled a new software update in China that contains social media app TikTok. Tesla China’s 2021.04.05 Software Update also include.....
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What is Stellar & Lumen (XLM)? How Does It Work?
February 13, 2021 01:16 AM AEDT| By Kunal SawhneyStellar is a blockchain-based payment system. Its crypto coin trades under the ticker name Lumen (XLM). The token offers discounted transactions to financial institutions via its blockchain-backed platform. Jed McCaleb, a serial cryptocurrency entre...
How PepsiCo wrapped up an uncertain year?
February 12, 2021 02:15 PM CET| By Team Kalkine MediaPepsiCo, Inc. recently released full-year and last quarter results. The consumer goods business clocked full-year revenue growth of 4.8%, while fourth-quarter revenue was up 8.8%. FX impact for the full-year negative 2%. Source: PepsiCo NY.....