News

ATO warns Aussie crypto investors it won’t play “Hide and Seek”

July 05, 2021 02:37 PM AEST| By Daniel Paul Johns

Summary The Australian Tax Office (ATO) has revealed they have an extended partnership, until 2023, with cryptocurrency exchanges, requiring them to submit all their trading data. ATO assistant commissioner Tim Loh disclosed that over 550,000 A.....

India’s youngest telco is making it big globally

July 05, 2021 11:57 AM AEST| By Furquan Moharkan

In mid-2016, the Indian telecom sector was taken by storm as Reliance Industries Ltd (RIL) had launched its telecom service nationwide, and the charges were cheap, rather very cheap. To add to it, the company, using its well-established infrastructur...

How really safe is your data? REvil latest attack raises concerns

July 05, 2021 09:36 AM AEST| By Roma

Summary REvil back at it again, targeted Miami Based IT Company this time Several users of the software under attack at the risk of losing data FBI and US Cybersecurity working closely to bust the miscreants The recently increased frequen.....

Semiconductor chips shortages impact June’s sales figure of Ford Motors

July 04, 2021 06:16 PM AEST| By Nitish Kumar

Summary Ford Motor reported sales of 475,327 vehicles during the June quarter, up by 9.6% from PCP. The U.S automaker had set a sales target of 519,007 vehicles for the second quarter. The global semiconductor chip shortage led to significant .....

‘Fire in the Ocean’- a major fire breakout in GOM after an underwater pipeline leak

July 04, 2021 06:05 PM AEST| By Nitish Kumar

Summary An ‘eye of fire’ video goes viral on social media, arouses creativity among the memers who spewed hundreds of memes within a few hours. Gas leakage in the underwater pipeline of PEMEX leads to a massive fire on the ocean wat.....

After Colonial, Another U.S Tech giant hit by ransomware; Kaseya forced to shut

July 04, 2021 03:50 PM AEST| By Nitish Kumar

Summary On Saturday, the world witnessed one of the largest cyber-attacks on a U.S tech service provider. The U.S service provider Kaseya was hit by ransomware which infected the desktop management system of the company. Kaseya in its statemen.....

Emotional health is paramount to your overall happiness: Here’s why

July 04, 2021 12:15 PM AEST| By Team Kalkine Media

Summary Symptoms of emotional health crisis may include sleep disorders, avoidance of friends and family, conflicts in relationships, substance abuse, and eating disorders. Thus, mental illness is closely tied to an individual’s emotional.....

Why UN thinks blockchain technology can help fight climate change?

July 04, 2021 11:10 AM AEST| By Team Kalkine Media

Summary Recognizing its immense disruptive potential and benefits to society in a recent article, the UN revealed how blockchain helped the organization fast-track delivery of emergency funds. Blockchain can expedite climate action in three way.....

DiDi stock dives 5% after China regulators open cybersecurity probe

July 03, 2021 11:19 AM AEST| By Team Kalkine Media

Summary DiDi made its US debut on the New York Stock Exchange under the symbol DIDI on Wednesday. The stock opened 11% down after the Chinese probe announcement on Friday. The company gathers user data on trips, locations, and audio records du.....

Robinhood (HOOD) reveals US$1.4B Q1 loss ahead of IPO

July 03, 2021 08:00 AM AEST| By Kiran Murali

Summary The stock brokerage firm attributed the first-quarter loss to US$3.5 billion debt. Robinhood posted a net income of $7 million in 2020, against a $107 million loss in 2019. The company expects to trade its stock on NASDAQ under the sym.....

US stocks close higher on June employment data

July 03, 2021 07:28 AM AEST| By Sanjeeb Baruah

All major US stock markets closed the week on a positive note on Friday, July 2, as investor sentiments were boosted by the Labor Department’s June employment data. The S&P 500 was up 0.75% to 4,352.34. The Dow Jones gained 0.44% to 34,786...

Alector (ALEC), TAT Technologies (TATT): 2 rising stocks on Friday

July 03, 2021 07:26 AM AEST| By Kiran Murali

Summary Shares of Alector and TAT Technologies set a new 52-week high on Friday. Alector teamed up with GSK to develop therapies for neurodegenerative diseases. TAT Technologies secured an MRO contract for Honeywell’s auxiliary power uni.....

US economy adds 850,000 jobs in June as wages rise

July 03, 2021 03:30 AM AEST| By Team Kalkine Media

Summary It was the biggest gain since August 2020, exceeding economists' estimates but in line with their expectation of a continued improvement in the labor market. The US economy had added 583,000 and 269,000 new jobs in May and April, respec.....

What are technically advanced cryptocurrencies? Which is the most prominent digital currency?

July 03, 2021 12:56 AM AEST| By Jasmine Anand

Summary Cryptocurrencies are the latest addition in the world of digitisation and are changing the payment methods across the globe. Some of the most technologically advanced cryptocurrencies are equipped with the latest innovative features, wh.....

What are Stablecoins? Are they more stable than Bitcoins?

July 03, 2021 12:25 AM AEST| By Aayush

Summary The main purpose of introducing stablecoins is to manage the extreme price volatility by tracking the issues of relatively more stable asset classes. Being backed by real assets, their price volatility is quite subdued, making them cons.....

How is AI lifting mental well- being?

July 03, 2021 12:15 AM AEST| By Team Kalkine Media

Summary Artificial Intelligence has become the buzzword in all facets of life. Its use in the fitness space is increasing day by day. It is not just helping track physical fitness but uses for mental well-being are also getting explored....

Does Apple pay dividends?

July 03, 2021 12:10 AM AEST| By Sonal Sinha

Dividends are the cash payment that a Company provides its shareholders from its earnings during a particular period. Companies that tend to reinvest their profits in new projects or acquisitions do not offer dividend payments. In general, establi.....