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World news
E-commerce giant Amazon supports the MORE Act to legalize cannabis in the US
June 02, 2021 05:22 PM AEST| By Tripti JoshiSummary Amazon disclosed that it would actively support the MORE Act for the federal legalization of marijuana in the US. The e-commerce behemoth has revealed that it will stop screening its job applicants for cannabis use. The Company will al.....
Opinion: India will take years to wipe off the bruise marks wreaked by COVID-19
June 02, 2021 04:50 PM AEST| By Furquan MoharkanAs the second wave of the COVID-19 pandemic seems to be finally receding in India, the trail of tragedies that it has left behind is beyond imagination. It will probably take years to come out of it. Officially, 335,114 Indians have lost their lives...
Explained: The pros and cons of using social media in the healthcare space
June 02, 2021 11:46 AM AEST| By Tripti JoshiSummary Social media can be channelized in quite constructive ways to help the healthcare sector. Prudent use of social networking sites and platforms in the healthcare sector can help promote individual and public health. In times of crisis, .....
Zoom posts blockbuster earnings but cautious of slowdown
June 02, 2021 10:48 AM AEST| By Furquan MoharkanSummary Revenue almost triples; earnings up 9x The company expects slowdown going forth. Shares zoom in the aftermarket. The revenues of Zoom Video Communications, Inc. (NASDAQ:ZM) multiplied about three-times in the first quarter of curr.....
US Stocks Pull Back Amid Rising Oil Prices
June 02, 2021 08:04 AM AEST| By Sanjeeb BaruahUS stock markets closed flat on Tuesday following a lacklustre session as investors took cues from the rising international oil prices that can potentially aggravate the inflation rate. The S&P 500 was down 0.05% to 4,202.04. The Dow Jones rose...
APAC markets mixed; ASX200 drops 0.33% ahead of RBA decision
June 01, 2021 02:14 PM AEST| By Furquan MoharkanSummary The APAC markets are trading on a mixed note. Private survey shows Chinese factory activity expanding in May. Investors await interest rate decision by RBA. The equity markets in the Asia Pacific (APAC) region were mixed on Tuesda.....
What does the US budget mean for cryptocurrencies?
June 01, 2021 01:01 PM AEST| By Team Kalkine MediaSummary US President Joe Biden’s budget proposal, released on Friday, includes new reporting requirements for crypto investors, which means the US Treasury Department would require additional information surrounding cryptocurrency assets b.....
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.....
AI on the Rise: A Look at Top AI Companies and Their Stocks