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News
Alibaba (BABA) revenue up 34%, Eli Lilly (LLY) lowers earnings outlook
August 04, 2021 03:42 AM AEST| By Team Kalkine MediaSummary Alibaba Group’s (NYSE: BABA) June quarter revenue grew by 34% year-over-year, non-GAAP net income increased by 10% year-over-year. Eli Lilly and Company’s (NYSE: LLY) revenue increased by 23% in the June quarter. Its ne.....
RBA to cut bond buying program by 20% after a month
August 03, 2021 05:02 PM AEST| By Furquan MoharkanThe Reserve Bank of Australia (RBA) will trim its bond purchase program by 20% after a month despite the need for more liquidity in a system which has been hit hard by the COVID-19 pandemic. The Australian central bank said that it will purchase gov...
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Why Nigerian Government Is So Concerned About Bitcoin
August 03, 2021 04:57 PM AEST| By Kamalika GhoshSummary According to Paxful platform, Nigeria is now the second country with the most Bitcoin trading transactions after the US. As per a Statista survey, 32% of respondents in Nigeria actively use and trade in cryptocurrencies. Experts .....
Which 10 global conglomerates are accepting Bitcoin as payment option?
August 03, 2021 04:10 PM AEST| By Jasmine AnandWith the ever-increasing popularity of cryptocurrencies, Bitcoin, the first and the largest cryptocurrency of the world, is getting bigger and better. Hence, a growing number of companies ranging from tech firms to travel agencies to food giants ha.....
Australia’s biggest buyout: What you need to know about Square-Afterpay takeover deal
August 03, 2021 03:49 PM AEST| By Furquan MoharkanCalifornia-based financial services and digital payments company Square Inc (NYSE:SQ) has announced its acquisition of Australian Fintech major Afterpay Ltd (ASX:APT). With the transaction valued at US$29 billion (AU$39 billion), this is the biggest...
APAC markets open mixed ahead of RBA decision
August 03, 2021 11:34 AM AEST| By Furquan MoharkanThe equity markets in Asia-Pacific (APAC) region traded mixed on Tuesday morning as investors are keenly looking out for the Reserve Bank of Australia’s latest monetary policy decision. In Japan, the benchmark Nikkei 225 slipped 0.34% in early...
US markets end flat; consumer, healthcare stocks gain
August 03, 2021 07:46 AM AEST| By Sanjeeb BaruahBenchmark US indices closed flat on Monday, August 2, as investors started trading in the new month with a subdued note amid concerns over rising cases of covid infections from delta mutant. The S&P 500 was down 0.18% to 4,387.16. The Dow Jones...
Why ON, XPO stocks jumped on Monday?
August 03, 2021 06:16 AM AEST| By Team Kalkine MediaSummary ON Semiconductor stock jumped around 15%, while XPO Logistics grew 7%. ON Semiconductor posted better-than-expected second-quarter earnings. XPO Logistics completed the spin-off of its supply chain business GXO Logistics Inc. ON S.....
Reinventing the Facebook: What does Zuckerberg’s metaverse plan mean?
August 03, 2021 04:56 AM AEST| By Team Kalkine MediaSummary Facebook Inc. (Nasdaq: FB) has created a ‘reality lab’ where researchers are working to make Mark Zuckerberg’s metaverse dream a reality. Facebook’s vast resources, knowledge, and user base will help build the pl.....
Why are Ever-Glory (EVK), Marin Software (MRIN) stocks trending today?
August 03, 2021 03:23 AM AEST| By Kiran MuraliSummary Ever-Glory stock jumped over 160%, while Marin Software plunged 15% on Monday morning. Ever-Glory will repurchase up to US$5 million of its outstanding common stock. Marin Software’s second-quarter revenues fell 16 percent year o.....
What do we know about UK's fuel poverty?
August 03, 2021 12:36 AM AEST| By Kamalika GhoshSummary Another half a million homes are pushed towards fuel poverty as global gas prices hit a 16-year high. Ofgem is expected to raise the price cap on energy to unaffordable levels, leading to soaring costs this winter. UK’s net.....
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What is The Triple Lock on Pension Saving?
August 02, 2021 11:00 PM AEST| By Kamalika GhoshChancellor of Exchequer Rishi Sunak has given a broad hint that the UK government may temporarily break the pension triple lock this year to prevent the UK Treasury being landed with a £7 billion uprating bill. The chancellor added that a po.....
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The burgeoning fame of "buy now, pay later" entices a US$29 billion deal between Square and Afterpay
August 02, 2021 10:09 PM AEST| By Team Kalkine MediaSummary In a US$29 billion agreement, Square will purchase Australia's Afterpay. Square and Afterpay had inked a Scheme Implementation Deed following the requirements of a court-approved Scheme of Arrangement. Afterpay will accelerate Square's.....
How has 2021 treated major commodities? A snapshot of their price swings
August 02, 2021 07:51 PM AEST| By Arpit VermaSummary The outbreak of coronavirus in 2020 stirred chaos in the global commodity market, disrupting the supply chains and demand. Crude oil prices have recovered more than 70% in the past one year amid improvement in demand and significant sup.....
Would cryptocurrency become a popular payment mode in travel space?
August 02, 2021 06:07 PM AEST| By SonalSummary Firms are now accepting cryptocurrencies for the payment of goods and services. CheapAir.com, Virgin Galactic, GetYourGuide are some of the travel providers accepting the use of digital currencies. Crypto payments can reduce transactio.....
Why to keep an eye on the 6 global stocks in 2021?
August 02, 2021 04:22 PM AEST| By ManikaInvestors today prefer to build their portfolio by diversifying their risks. There are several opportunities for investing in stocks of other countries these days. Gone are the days when it was unthinkable to invest in stocks of foreign companies s.....
APAC markets in green; US ups the ante on Chinese firms’ IPOs
August 02, 2021 02:53 PM AEST| By Furquan MoharkanSummary Japan leads the APAC rally. ASX200 touches a new record level. Afterpay shares surge 19% after the acquisition announcement. The equity markets across the Asia Pacific region seemed to move past the gloom of last week, as they tra.....
A week when central banks meet
August 02, 2021 12:58 PM AEST| By Furquan MoharkanIf the economy and the financial system were a ship, the captain of that ship would be the central bank of that economy. That conveys the importance of central banks across economies. While central banks may not be hogging as much limelight as govern...
Climate pledges to the UN: India, China miss deadline, smaller nations submit ambitious plans
August 01, 2021 07:06 PM AEST| By Kamalika GhoshSummary China and India failed to comply with the UN deadline on submitting fresh pledges for reducing greenhouse emissions. A smaller group of nations submitted more ambitious pledges, which directly mounted considerable pressure on larg.....
What is nanotechnology and where can it be applied?
August 01, 2021 12:54 AM AEST| By Team Kalkine MediaNanotechnology, which grew considerably during the period 1960-1990, is expected to hit US$70 billion in the next five years, according to a recent study by Global Industry Analysts Inc. Nanotechnology is essentially the study of minute particles,.....
