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US stock rally continues; Dow ends up over 330 points
February 04, 2021 10:48 PM CET| By Team Kalkine MediaThe US stocks rose on Thursday following three straight positive sessions, as the speculative retail trading frenzy faded and robust corporate earnings and economic data remained in focus. Besides, the rise in vaccine roll-outs in the US adds to th.....
Revelation Biosciences finishes dosing for five single dose cohorts
February 04, 2021 02:17 PM CET| By Hina ChowdharyClinical stage life sciences company Revelation Biosciences Inc. announced on 3 February that it has been conceded approval to make an addition of a multiple dose cohort to its Phase-1 clinical study of REVTx‑99 in healthy volunteers by t...
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Fitch Ratings dominates The Asset’s Rating Agency Awards 2020, wins five honours
February 04, 2021 08:24 AM CET| By Hina ChowdharyFitch Ratings Inc. dominated ‘The Asset Triple A Rating Agency of the Year Awards 2020’ by winning five awards. The credit rating agency won in the categories including Corporate, ESG, Public Finance and Sovereign Rating Agency of the Y.....
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Apple to reportedly invest USD 3.6B in Kia for EVs production
February 04, 2021 07:19 AM CET| By Hina ChowdharyThere has always been speculation around Apple Inc (NASDAQ: AAPL) entering the growing EV market, though the iPhone maker never officially commented on it. Media is abuzz with reports of an imminent Apple-Kia Motors deal worth 3.6 billion.....
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BNPL stocks react after the UK proposed regulatory changes
February 04, 2021 05:55 AM CET| By Team Kalkine MediaThe unsecured credit market has been expanding with each passing year. The growing need for credit has risen for the diverse range of goods, demanded by consumers. The popularity of digital lending in the recent past has further expanded the credit.....
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PayPal caps off 2020 in style with record numbers
February 04, 2021 05:03 AM CET| By Team Kalkine MediaBuoyed PayPal Holdings Inc. (NASDAQ:PYPL) today unveiled an excellent set of numbers to present the fourth-quarter and full-year 2020 results. Riding high on the consumers’ shift towards online payments amid the pandemic, the fintech giant cl.....
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GameStop’s shares closed higher as company makes new leadership appointments
February 04, 2021 04:30 AM CET| By Team Kalkine MediaGameStop shares have lost significant value after smashing through the roof last week. On Wednesday, the meme stock closed 2.68% higher at $92.41, but GME shares were nearly 4% lower in the after-hours trading. Copyright © 2021 Kalkin.....
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What you need to know about Andy Jassy, Amazon’s Next CEO
February 04, 2021 03:46 AM CET| By Team Kalkine MediaAmerican multinational technology company Amazon is undergoing a major transformation, as Founder Jeff Bezos is all set to step down as the CEO after starting his journey some 27 years ago. Bezos, who went on to become the world’s richest man.....
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Construction sector in the driver’s seat as employment rises in NZ
February 04, 2021 03:38 AM CET| By Kunal SawhneyLabour market is slowly coming out of the shadow of COVID-19 pandemic. Employment is seen picking up in New Zealand as the unemployment rates dropped to 4.9% in the quarter ended December 31,2020 as against 5.3% in the previous quarter of September.....
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Why NZ’s Q4 2020 new home approvals are in record numbers
February 04, 2021 02:50 AM CET| By Kunal SawhneyResidential construction continues to be on a rise. New homes consented reached a record high in Q4 of 2020. As per Stats NZ, 11,291 new homes were consented in the fourth quarter of 2020, beating the earlier record of 10,713 set in December 1973......
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Wall Street rally continues on strong corporate earnings
February 03, 2021 10:58 PM CET| By Kunal SawhneyThe major Wall Street equity indices extended their rally to the third consecutive day on Wednesday on strong corporate earnings and better-than-expected hiring data. Shares of Google’s parent Alphabet closed up 7.28 per cent after the compan.....
Spacex‘S Starship Explodes During Second Test Flight Landing, FAA To Launch Probe
February 03, 2021 05:26 PM CET| By Kunal SawhneyElon Musk’s private space company SpaceX’s next-generation Starship rocket -- Starship prototype Serial Number 9 (SN9) -- though launched successfully on 2 February, exploded while attempting to land after a development test fli.....
Global tech tax: EU officials join US counterparts for early rollout
February 03, 2021 02:03 PM CET| By Kunal SawhneyA global tech tax is in the works, which means tech giants around the world will be hit with higher taxes, after the European Union officials had a detailed discussion with US treasury secretary Janet Yellen and German Finance Minister Olaf Scholz .....
Hormel is eyeing to buy Kraft Heinz’s brand Planters
February 03, 2021 11:55 AM CET| By Team Kalkine MediaThe Kraft Heinz Company (NASDAQ: KHC) is in talks with Hormel Foods Corporation (NYSE: HRL) to sell its Planter snack business for $3 billion. The deal might be finalised in the new few weeks as Hormel is .....
Exxon Mobil Shifts Gears to Clean Technologies Amid Investors’ Pressure
February 03, 2021 10:58 AM CET| By Team Kalkine MediaUS oil and gas giant Exxon Mobil announced a new business venture called ExxonMobil Low Carbon Solutions focusing on low-emission technologies. The company pledged to invest US $3 billion till 2025 in carbon capture storage and other low emissions .....
T-Mobile Finalises Price to Buy Shentel Wireless Business
February 03, 2021 10:42 AM CET| By Team Kalkine MediaMobile telecom company T-Mobile has finally settled upon a price with Shentel or Shenandoah Telecommunications Company to purchase its wireless assets. T-Mobile is expected to shell out $1.95 billion for acquiring Shentel’s wireless business......
Pfizer-BioNTech vaccine gets Medsafe’s go-ahead for roll-out in New Zealand
February 03, 2021 09:10 AM CET| By Team Kalkine MediaNew Zealand’s medicine regulator Medsafe Wednesday gave provisional approval to roll-out the Pfizer/BioNTech vaccine but the date of arrival of the medicine shipment is yet to be provided. On 3 February, Prime Minister Jacinda Ardern welcomed...
Buying frenzy cools off; is there any steam left in GameStop short squeeze?
February 03, 2021 08:34 AM CET| By Kunal SawhneyThe rally in GameStop has probably come to an end as the share price tanked by a massive 60 per cent on Tuesday and closed the session at US$90. The unprecedented volatility seen in this counter is still quite high. However, it is the first time si.....
Myanmar Coup Explained: Here’s What Exactly Happened
February 03, 2021 07:19 AM CET| By Hina ChowdharyThe reports of an unfolding military coup in Myanmar have shocked the world. The military has reportedly detained National League for Democracy (NLD) party's prominent leader Aung San Suu Kyi and other leaders. Suu Kyi won the November 2020 polls .....
Who is replacing Jeff Bezos as Amazon CEO?
February 03, 2021 05:05 AM CET| By Team Kalkine MediaEven before coronavirus pandemic, Amazon CEO Jeff Bezos had lowered his participation in the company's day-to-day operations. On Tuesday, Amazon announced that Bezos would step down and take up the role of executive chairman. The company announced .....