News

Is New Zealand economy at pre-covid levels?

Summary GDP growth shows pre-covid levels Monetary policy relaxations may occur in wake of improving economy. Domestic business did well enough t...

US markets close flat as stocks slip on inflation fears

Major US stock markets closed the session flat on Thursday, June 17, as key segments on the indices saw muted movements a day after the Federal Reserv...

Is pandemic the real reason behind the ‘Bitcoin Boom?’

For the past two years in my work-from-home stint, news around the Bitcoin has time and again caught my attention. When I look at the way the price of...

Can Dogecoin make millennials rich? How much would it be worth by 20...

Summary Dogecoin was launched in 2014 as a joke designed to satirise other cryptos. Dogecoin’s value and its correlation to celebrity tweets...

Why was Kiwi dollar not enthused by the better-than-expected GDP num...

Summary Kiwi dollar struggles to regain lost ground on GDP numbers Aussie and Kiwi had lost their gains on Wednesday after change in the Fed&rsquo...

ANZ expects RBNZ to hike rates in February 2022 after remarkable GDP...

Summary ANZ now expects the RBNZ to hike OCR in February 2022 after the country records strong GDP numbers in Q1 of 2021. Q1 GDP results stunned a...

Is Cardano better than Bitcoin?

Summary Cardano can be termed as a third-generation cryptocurrency, offering enhanced functionality. Cardano can handle at least 257 transactions...

APAC shares in red after Fed signals rate hikes in 2023

The equity markets in the Asia Pacific (APAC) region were trading in red on Thursday after the US Federal Reserve signalled at preponing the hike in i...

Why ASB is slapped with a $8.9 million penalty

After the Commerce Commission’s warnings to one of the largest banks in New Zealand, ASB bank, of overcharging borrowers on early repayment adju...

US Federal Reserve shifts its rate hike timeline to 2023

Summary The US Fed has raised the inflation expectations for this year. The central bank has brought forward the timeline for rate hikes. The Dow...

How Does The Quantity Theory of Money Serve Digital Currencies?

Cryptocurrencies have gained huge momentum over the past few months, following Bitcoin’s explosive rally, which closed in at $64,000 in mid-Apri...

New Zealand just escaped recession, GDP grows by 1.6% in March quart...

Smmary Stats NZ announced today that GDP grew by 1.6% in the March quarter. NZ escaped a double-dip recession. RBNZ in its May Monetary Policy ha...

Golden Mile to be a car free zone soon?

Summary Golden Mile envisioned to be car-emission free in the next three years. Affordable housing instead of pre-1930 homes proposed as a solutio...

What is SafeMoon crypto?

Summary SafeMoon is a cryptocurrency and costs only a few cents. It's cheaper than any other cryptocurrencies. SafeMoon charges 10% of its value a...

US stocks dip on Fed's rate-hike plan for 2023

Benchmark US indices closed lower on Wednesday, June 16, after the Federal Reserve signalled that it might consider increasing the interest rates in 2...

5,000% in 14 months! Can ethereum reach $50,000?

Summary The euphoria around cryptocurrencies has grown invariably in last few years Ethereum hit a low of $86 during the global market crash durin...

What will Bitcoin be worth in 2025?

Back at the beginning of twentieth century, a gentleman named Joseph C Wilson started a company named Xerox Corporation in Rochester, New York, United...

Will Dogecoin reach $5?

Summary Dogecoin has been the most popular Altcoin since its inception. It has recently touched a high of US$0.64 on 8 May 2021, and investors sta...

Ether vs Ethereum: What is the difference?

Summary Ethereum is a decentralised blockchain, within which Ether is the platform’s currency. Ethereum cannot be bought and sold, whereas Et...

What is Superannuation Fund and how it is different from KiwiSaver?

Summary Superannuation Fund is a sovereign wealth fund. It is for people above 65 years of age. It invests in equities in NZ and overseas. It pr...