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News
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NZ Beef Cattle persists to rise, Dairy reflects Downtrend
December 18, 2020 07:20 PM AEDT| By Team Kalkine MediaAgricultural production survey in its provisional figures has shown that beef cattle has grown by 2 per cent, to 4 million in 2020, according to June data. Correspondingly, beef exports have also shown an increase to NZ$ 3.8 from NZ$ 3.3 billion in.....
BarkBox set to go public via $1.6M SPAC merger
December 18, 2020 06:15 PM AEDT| By Edita IvancevicBarkBox, the start-up company that became famous for its monthly subscription service for dogs, has announced a significant US$1.6 billion merger with Northern Star Acquisition Corporation. The merger will consequently make BarkBox a public company.....
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Ten Republican US states drag Google to court for its monopoly over ad business
December 18, 2020 03:58 PM AEDT| By Edita IvancevicTen attorneys general in the US opened another antitrust lawsuit against the search engine giant Google on Thursday. The Republican-led group of attorneys accused the multibillion-dollar company of showing monopoly behaviour in online advertisemen.....
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Robinhood Again Accused of Violating Securities Laws, this Time for Downplaying Risk
December 18, 2020 02:22 PM AEDT| By Team Kalkine MediaRecently, Robinhood Markets, the California-based financial services entity has been accused of violating securities laws by aggressively marketing itself to inexperienced investors and not maintaining a proper infrastructure for handling the increas...
Bitcoin surged to an all-time high of US$23,700, High traffic crashed exchanges
December 18, 2020 01:26 PM AEDT| By Team Kalkine MediaOn 16 December 2020, Bitcoin rose to the record high of US$21,569, surpassing the much-awaited level of US$20,000 for the first time in its history. However, the rally didn’t stop there and continued all the way to US$23,776 as of 17 December.....
Climate Change Goal Discussed at ANZ AGM, Transition Planning Disclosure Gets ~ 29% Votes
December 18, 2020 01:18 PM AEDT| By Team Kalkine MediaAustralian and New Zealand Banking Group Limited (ASX:ANZ) has finally concluded its 2020 annual general meeting with 28.74 per cent shareholders voting in favour of transition planning disclosure. The transactional planning disclosure requires the C...
5G and Blockchain: Paving Way For Crypto Mining
December 18, 2020 03:55 AM AEDT| By Team Kalkine Mediacy mining. In 2020, the world witnessed bitcoin breach unprecedented levels. The cryptocurrency crossed US$ 23000 for the first time in history in a dizzyingly rally on December 17. Ethereum, the second-largest cryptocurrency tha...
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Meet Katherine Tai, Biden’s pick for top trade diplomat
December 17, 2020 07:16 PM AEDT| By Edita IvancevicAfter the electoral college officially confirmed Joe Biden as the 46th American President, Mr Biden nominated Katherine Tai to be the next Trade Representative for the US on 10 December. However, the final decision is yet to be verified by the US .....
Will US End the Shale Boom that Brought Energy Independence?
December 17, 2020 06:42 PM AEDT| By Kunal SawhneyUS Energy Secretary Dan Brouillette has hinted towards an aggressive climate policy by the government. He has stated that ESG movements are growing strong and can push the Congress for a change in policy in shale oil. During the Shale Insight Conf.....
What are the most trustworthy COVID-19 websites?
December 17, 2020 05:40 PM AEDT| By Edita IvancevicThe coronavirus pandemic, besides having unleashed the worst health crisis in a century, also went on to prove how powerful media and fake news could be. False information regarding the novel coronavirus began to spread like wildfires, forcing Twi.....
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Coronavirus rescue package on cards in US, markets cheer
December 17, 2020 04:41 PM AEDT| By Kunal SawhneyU.S. congressional leaders announced on Wednesday that they are working towards bringing a stimulus package of $900 billion. The COVID-19 aid bill will come as a massive relief for the Americans struggling for help. The deadline to close the negoti.....
US Fed Continues to Pump Money, Nasdaq Contours New ATH
December 17, 2020 03:04 PM AEDT| By Kunal SawhneyThe US stock market has once again ended at a record high on 16 December 2020, with S&P 500 and Nasdaq 100 both hitting their previous record highs while Nasdaq 100 even establishing a new record of 12,698.11 (intraday high). One of the primary...
Iron Ore Prices Beat Estimates, shoot to 9-Year High
December 17, 2020 02:32 PM AEDT| By Hina ChowdharyIron ore prices are moving against the projections of the world’s largest producer and exporter. The September 2020 edition of the Resources and Energy Quarterly had forecast the price of iron ore to remain at around US$100 per tonne during Q.....
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Silver Spot Price and Sentiment Data Diverges, What Does it Mean for the Precious Metal?
December 17, 2020 01:50 PM AEDT| By Kunal SawhneySilver spot prices are consolidating after correcting from the recent peak of USD 29.863 per ounce (intraday high on 7 August 2020). The current range for the spot is between USD 24.800 to USD 24.100, and the range seems to be shrinking as compared t...
Bitcoin Scales USD 20,000 – Bulls on Charge or a Trap?
December 17, 2020 01:17 PM AEDT| By Kunal SawhneyBitcoin prices have smashed through the USD 20,000 mark to reach a new record high - the blistering rally in Bitcoin has delivered a one-year return of 190 per cent. The recent rally in the cryptocurrency has been well-supported by large institutiona...
AUD rises as job data lifts FX traders
December 17, 2020 01:16 PM AEDT| By Team Kalkine MediaAustralian Dollar is on an upside run against the US Dollar today. Currency traders are speculating relatively better economic conditions compared to the United States. Interest rate differentials on the sovereign yields of two countries are.....
NZ’s quick response to the Pandemic results in 14% GDP gain in Q3
December 17, 2020 01:00 PM AEDT| By Hina ChowdharyEconomic activity in NZ rebounded with GDP rising 14% in the September quarter, recuperating from lockdown in March/April that resulted in the closure of several businesses and halting activity altogether. The gain in the September quarter came af.....
Giving away billions of fortunes in charity: The McKenzie Scott way
December 17, 2020 12:57 PM AEDT| By Edita IvancevicMcKenzie Scott on Wednesday shot into limelight again after she announced to donate A$5.5 billion (US$4.2 billion) in charity in four months. Ms Scott has already given away A$2.3 billion in July. That philanthropic cause included 116 organisations.....
Historic! Bitcoin Surpasses $20,000-Mark Amid Cryptocurrency Bull Rally
December 17, 2020 04:01 AM AEDT| By Team Kalkine MediaBitcoins have never been more valuable! The virtual currency crossed the US$-20000 mark in it short two-decade life, supported by massive growth and mainstream acceptance of cryptocurrencies. The world largest virtual currency soared almost 3.....
Technology giants to provide sensitive information to Federal Trade Commission
December 16, 2020 08:34 PM AEDT| By Kunal SawhneyThe Federal Trade Commission (FTC) said that the major technology companies would need to provide detailed information on how they collect consumer's personal data and how they use it. The Federal regulators have decided to ask Facebook, Twitter, A.....
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