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World news
Why Do Markets Not React Much To GDP Data?
June 01, 2021 10:59 AM AEST| By Furquan MoharkanThe COVID-19 pandemic wreaked havoc last year, turning the world upside down. While the world economy was probably hammered with one of the worst recessions since 1930s, the stock markets were going gaga. Markets started to seem tone-deaf to the act...
Mixed open for APAC markets; China’s PMI data out
May 31, 2021 02:17 PM AEST| By Furquan MoharkanThe equity markets across the Asia Pacific (APAC) region were a mixed bag on Monday, as China reported less-than-expected growth in its manufacturing activity. Mainland Chinese stocks were in the red, with the Shanghai Composite down by 20 basis p.....
COVID-19: The Latest World Wrap-Up
May 31, 2021 01:09 PM AEST| By RomaSummary Asian countries still deep under the COVID-19 fire. The US hits an all-time low COVID-19 infection rate. Efforts being made by governments to help travel recovery. With over a year of the world struggling with the coronavirus pand.....
Global Markets: Key events to watch out for this week
May 31, 2021 01:01 PM AEST| By Furquan MoharkanIt was a mixed bag for the global markets last week – with gains and corrections. However, with a barrage of macro numbers likely this week, markets would be reacting more frequently than ever. Here are four key events of the week: Australia...
What has the COVID-19 pandemic taught us? A look at five key lessons
May 30, 2021 12:41 AM AEST| By Tripti JoshiSummary The ongoing global COVID-19 crisis has underlined the requirement of international collaboration to combat any global pandemic. Social distancing has become a buzzword worldwide, with the importance of practising hygiene highlighted mor.....
E-Mobility firm Tritium to list on Nasdaq: Here’s all you need to know
May 30, 2021 12:26 AM AEST| By Chitranjan KumarAustralian electric vehicle fast-charger Tritium has decided to go public in the United States through a special purpose acquisition company (SPAC) route, valuing the company at US$1.2 billion (AU$1.55 billion). .....
US Stocks Rise On Budget Hopes, Inflation Data
May 29, 2021 07:35 AM AEST| By Team Kalkine MediaAll benchmark US indices closed the week with modest gains on Friday as investors weighed the Federal Reserve’s new inflation data and President Joe Biden’s first federal fiscal budget for 2022. The S&P 500 was up 0.08% to 4,204.11....
Where will you get Cash Prize Money to get Vaccinated?
May 28, 2021 07:17 PM AEST| By Kiara KhannaCalifornia has announced one of the most luring vaccination lottery program called VAX FOR THE WIN today. Governor of California Gavin Newson revealed the state vaccine lottery of more than 116 million dollars in cash prizes to fully vaccinated Cal.....
APAC markets rally on Wall Street cues, ASX200 rises 1.16%
May 28, 2021 03:33 PM AEST| By Furquan MoharkanSummary Asian markets rally, following cues from Wall Street. Japan leads the rally with 2.11%. Australia is the third best performer in the region. The equity markets in the Asia-Pacific (APAC) rallied on Friday morning on the back of st.....
Africa’s predicament: WHO says the continent needs 20mn vaccine jabs urgently
May 28, 2021 01:21 PM AEST| By Tripti JoshiCOVID-19 vaccination campaigns across Africa are facing significant delays because of Oxford-AstraZeneca’s COVID-19 vaccine export ban imposed by India as the country grapples with the rapidly spreading strains of coronavirus. Oxford-As.....
New ‘meme stock’? AMC Entertainment’s shares surge
May 28, 2021 10:48 AM AEST| By Furquan MoharkanThe shares of American movie theater chain, AMC Entertainment Holdings Inc (NYSE:AMC), surged 47% on Thursday, as speculative trading by Reddit-obsessed day traders spiked. However, at the end of day’s trade, it closed at US$26.52 a piece &n.....
US Markets Gain As Industrial, Financial Stocks Advance
May 28, 2021 08:37 AM AEST| By Team Kalkine MediaUS stock markets saw significant gains on Thursday, May 27, after new economic data lifted investors’ spirits, with the S&P 500 gaining back over 80% of its losses since March 2020. The S&P 500 was up 0.12% to 4,200.88. The Dow Jones I...
APAC markets mostly open in red; ASX200 flat
May 27, 2021 12:39 PM AEST| By Furquan MoharkanSummary Most APAC markets have opened in the red. ASX200 opens flat in green. China macros disappoint. Most of the equity markets across the Asia Pacific region were trading in the red on Thursday, as Chinese industrial profits data showe.....
China’s Inner Mongolia doubles down on Bitcoin ban, outlines punishments
May 27, 2021 12:05 PM AEST| By Furquan MoharkanChinese autonomous region of Inner Mongolia region is planning to further crack down on cryptocurrencies by proposing punishments for companies and individuals involved in digital currency mining. The administrative body of the region -- Inner Mon.....
Move over Bezos & Musk, the world has a new richest man - Bernard Arnault
May 27, 2021 12:01 PM AEST| By Team Kalkine MediaStirred up by the pandemic, the word volatility has been trending across all areas of life and business. The Forbes’ Real Time Billionaires rankings, too, are living the sways as this week saw fashion tycoon Bernard Arnault moving past Elon M.....
Was COVID-19 virus leaked from Wuhan lab? Biden seeks detailed report
May 27, 2021 10:54 AM AEST| By Furquan MoharkanUS President Joe Biden has upped the ante on investigation into the origins of the COVID-19 pandemic, ordering the US intelligence officials to conduct a detailed probe and report back in 90 days. The earlier investigation has zeroed in on tw.....
Australian EV charger developer Tritium to make debut on NASDAQ via SPAC route
May 27, 2021 09:18 AM AEST| By Tripti JoshiBrisbane-based Tritium, a developer and manufacturer of direct current fast chargers for electric vehicles (EVs), has entered into a definitive agreement with a special purpose acquisition company (SPAC) Decarbonization Plus Acquisition Corporation.....
US Markets Close Higher As Energy, Consumer Stocks Lead Broad Rally
May 27, 2021 08:41 AM AEST| By Team Kalkine MediaAll benchmark US indices closed higher on Wednesday, May 26, as investors resumed their bets on economy-linked stocks after inflation worries began to fade. The S&P 500 was up 0.19% to 4,195.99. The Dow Jones Industrial Average increased 0.03% t...
COVID-19 Vaccine Development: A Glance at the Latest Updates around the World
May 27, 2021 08:36 AM AEST| By Tripti JoshiWith several global pharmaceutical companies launching their respective vaccines for the adult population, they are now evaluating them in adolescents, which form a sizeable section of the total population. Experts believe that herd immunity can on.....
Amazon Announces US$8.45B Deal To Buy MGM
May 27, 2021 02:55 AM AEST| By Kiran MuraliAmazon.Com Inc. (NASDAQ:AMZN) said on May 26 that it agreed to buy entertainment company MGM for US$8.45 billion. California-based MGM, Metro-Goldwyn-Mayer, produces and distributes film and television content. It also owns the EPIX television net.....
AI on the Rise: A Look at Top AI Companies and Their Stocks