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News
Is Meta Platforms’ (FB) US$250-bn loss biggest wipeout in US history?
February 05, 2022 06:58 AM AEDT| By Versha JainHighlights Meta Platforms, Inc. (FB) lost around US$250 billion in market value in a single day. The Dow Jones US Technology Total Stock Market Index’s total YTD decline widened to 10.97% after the stock rout. Meta&.....
Snap Inc (NYSE: SNAP) nixes iPhone privacy fears - answer to Meta woes?
February 05, 2022 03:58 AM AEDT| By Rupam RoyHighlights Snap Inc forecasts revenue of US$1.03 billion to US$1.08 billion in Q1, FY22. It expects daily active users to be in the range of 328 million to 330 million. The company reported its first positive net income since its IPO in March .....
UK markets tread water, energy stocks gain
February 05, 2022 03:41 AM AEDT| By Sreenivas D AjankarUK Market: The UK stock markets were showing a cautious move on the last trading day of the week. FTSE 100 has modestly entered in green towards the last leg of the trade, led by energy stocks like Shell Plc (3.13%) and BP Plc (2.83%) following the r...
Will Manchester United-Tezos deal trigger a fan token?
February 05, 2022 01:23 AM AEDT| By Manu ShankarHighlights • UK football giant Manchester United unveiled their £20 million per year training kit sponsorship with blockchain platform Tezos. • Tezos previously had deals with Red Bull Racing Honda, other leading MLB teams as well.....
Bitcoin down nearly 50% from all-time high. What led to this fall?
February 05, 2022 12:50 AM AEDT| By Aditi SahaHighlights Bitcoin started the year 2022 with a lot of pain and has been going through a rough patch. Investors had high hopes for Bitcoin’s rise in 2022, but the crypto’s lacklustre performance disappointed them. Bitcoin has been .....
Is Crypto bear market coming to an end? What is the future for crypto?
February 05, 2022 12:29 AM AEDT| By Daniel Paul JohnsHighlights The money supply in the US normally grows about 7% per year. However the COVID relief funds, which in November last year were estimated to be US$5 trillion, increased the money supply by 27% The vast majority of major digital currenc.....
The impact of climate change- warming Winter Olympics?
February 05, 2022 12:21 AM AEDT| By Toshiva JainHighlights The Beijing Winter Olympics 2022 is the first-ever Winter Olympics to rely on 100% artificial snow. Additionally, 49 million gallons of water is required to build artificial snow for the Beijing Olympics 2022. According .....
Decoding carbon tax
February 05, 2022 12:18 AM AEDT| By Toshiva JainThe Paris agreement was signed in 2015 in order to keep global warming within 1.5 degrees Celcius. However, according to the recent IPCC report, we will soon cross the global warming limit by 2040, if corrective measures are not put to place. Thus,.....
What is Ontology crypto? All you need to know
February 04, 2022 11:58 PM AEDT| By Raza NaqviHighlights: Ontology network has an integrated support of smart contracts and ledger accounts. Ontology crypto is the native token of Ontology, which is a network of public blockchains. Ontology cryptocurrency seems to be gaining investors' at.....
Why is TRON (TRX) climbing up the charts today?
February 04, 2022 11:34 PM AEDT| By Manu ShankarHighlights Founded by Justin Sun, Tron (TRX) crypto is primarily a unique blockchain-based protocol that operates as an entertainment and content-sharing platform on a peer-to-peer (P2P) technology. With the ability to accommodate smart contrac.....
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Market correction: 5 things you should do to shield your investment
February 04, 2022 11:14 PM AEDT| By Sreenivas D AjankarHighlights The start of 2022 has seen a mini-crash in many of the key markets, including the FTSE100 index. Long-term investors should not get worried about the short-term crashes in the market; instead, they should be careful and avoid certain.....
The Animal Farm crypto: Why is it trending?
February 04, 2022 08:10 PM AEDT| By Manu ShankarThe Animal Farm crypto is primarily a unique deflationary token that offers an extensive yield farming or lending opportunities to its users. Operating on Binance Smart Chain protocol, the project has been grabbing the attention of investors ever s.....
What is Quantstamp (QSP) crypto & why is its price rising?
February 04, 2022 06:32 PM AEDT| By Raza NaqviSince the past few days, Quantstamp (QSP) cryptocurrency prices have been on the rise and it appears to be gaining the attention of crypto market investors. In the last 24 hours, the price of Quantstamp crypto jumped 30 per cent and was trading at.....
Know the 5 popular crypto exchanges in NZ
February 04, 2022 03:28 PM AEDT| By Jasmine AnandHighlights NZ boasts numerous crypto exchanges which offer a smooth trading experience to crypto enthusiasts. These exchanges have a simple user interface and offer enhanced security to their users. Some of these popular exchanges include Bina.....
Amazon (AMZN) rides Rivian stake to US$14.3-bn profit, raises membership fees
February 04, 2022 11:38 AM AEDT| By Sanjeeb BaruahAmazon.com Inc (AMZN) on Thursday posted a fourth-quarter profit of US$14.3 billion, boosted by a pre-tax gain from its stake in electric vehicle maker Rivian Automotive. The stock rose as much as 15% in the after-market hours after dipping nearly.....
US stocks close in red after Meta (FB) rout, Zuckerberg loses US$29 bn
February 04, 2022 10:00 AM AEDT| By Versha JainBenchmark US indices closed in the red on Thursday, February 3, after Mark Zuckerberg-led Meta Platforms, Inc lost roughly US$200 billion in market value in a massive stock rout. Shares of other tech companies, such as Amazon.com, Google, and Spotif...
World's Largest Asset Management Firm Sees Opportunity in Stakeholder Capitalism & Sustainability
February 04, 2022 04:30 AM AEDT| By 3BL“I believe the de-carbonization of the global economy is going to create the greatest investment opportunity of our lifetime.” This bold prediction is part of the annual letter sent to CEO...
World's Largest Asset Management Firm Sees Opportunity in Stakeholder Capitalism & Sustainability
February 04, 2022 04:30 AM AEDT| By 3BL“I believe the de-carbonization of the global economy is going to create the greatest investment opportunity of our lifetime.” This bold prediction is part of the annual letter sent to CEO...
What is NFT? How to create and sell?
February 04, 2022 04:14 AM AEDT| By Versha JainNon-fungible tokens (NFT) shot into the limelight after some of them were sold at eye-popping price tags, showing their enormous earning potential. For instance, Beeple sold an NFT titled "Everyday: The First 5000 Days" for an astounding US$.....
Why is HMRC’s new DeFi lending tax policy dubbed ‘unnecessary burden’?
February 04, 2022 03:09 AM AEDT| By Manu ShankarHighlights Britain’s tax agency, Her Majesty’s Revenue and Customs (HMRC), is bringing down the gavel on DeFi lending and staking rules which could have an impact on the development of innovation in the Decentralized Finance se.....
AI on the Rise: A Look at Top AI Companies and Their Stocks