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Apple Taps Bond Market for the Third Time Amidst Aggressive Share Buybacks and Dividends
February 03, 2021 01:08 PM AEDT| By Team Kalkine MediaApple Inc plans to sell USD 14 billion worth of bonds in order to take advantage of the current cheap borrowing cost, tapping the market for the third time since May 2020. while funding operations like share buybacks. Image Source: © Kalkine...
Will tough times force oil majors ExxonMobil and Chevron into a merger?
February 03, 2021 11:18 AM AEDT| By Team Kalkine MediaThe crude oil prices' dismal situation during the peak of COVID-19 got the chief executives of two major oil companies ExxonMobil (NYSE:XOM) and Chevron (NYSE:CVX) across the table to discuss a possible merger. According to medi.....
US stocks extend gains after GameStop reversal continues
February 03, 2021 08:45 AM AEDT| By Hina ChowdharyExtending gains to the second straight day, the US stocks jumped on Tuesday after a sharp reversal in GameStop’s stock value continued. The mania around speculative retail trading continued to ease in the market after the video game stock fel.....
Wheels Up eyes NYSE with enterprise value of $2.1 billion
February 03, 2021 01:18 AM AEDT| By Kunal SawhneyWheels Up, the New York-headquartered private aviation firm, has been eyeing to list on the New York Stock Exchange (NYSE) with the company notching an enterprise value of $2.1 billion after its merger with Aspirational Consumer L.....
3 tech stocks to watch out for in 2021
February 02, 2021 08:05 PM AEDT| By Team Kalkine Mediaproducts and services, giving them profitable quarters during the end of 2020. The U.S. has dominated the global technology industry with some of the world’s tech leaders originating from the country. Tech leaders like Apple, Amazon, Face....
Why these three Retail stocks are worth your attention in 2021
February 02, 2021 07:59 PM AEDT| By Team Kalkine MediaSource: Gorodenkoff, Shutterstock The global retail industry went through a transformation amid the COVID-19 pandemic. Notably, many retailers were facing pressure even before the onset of the pandemic, due to a shift towards e-commerce. Howeve...
NZ government decides to remove hazardous material from Mataura warehouse
February 02, 2021 06:21 PM AEDT| By Team Kalkine MediaIn a significant move and after prolonged discussions, the NZ Government has decided that tonnes of hazardous material lying in Mataura warehouse be moved to Tiwai at the New Zealand Aluminium Smelters Limited (NZAS) site. The ouvea premix .....
GME shares tank after short squeeze; 4Q earnings due
February 02, 2021 04:41 PM AEDT| By Team Kalkine MediaGameStop shares lost track on Monday in the US, closing nearly 31% lower at $225. In the after-hours trading, the stock took a further plunge of 15.77%. The recent momentum in silver prices has also cooled off after CME raised margins on the precio.....
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Robinhood raises USD 3.4B to support its burgeoning customer base
February 02, 2021 03:56 PM AEDT| By Hina ChowdharyOnline trading app Robinhood had an exceptional run during the pandemic as it experienced exponential growth last year. To invest in its growing customer base, the fintech company raised USD 3.4 billion through a private placement. The funding come.....
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Silver lining for Wall Street: US shares rebound as silver gets attention
February 02, 2021 09:04 AM AEDT| By Kunal SawhneyThe US shares rebounded on Monday after retail traders shifted their focus to silver, driving up mining stocks. The quick recovery comes after a steep slump in the benchmark Wall Street indices amid concerns around speculative trading frenzy and no.....
All you need to know about GameStop Mania
February 02, 2021 04:41 AM AEDT| By Team Kalkine MediaSource: mundissima, Shutterstock Summary Video game retailer GameStop experienced a meteoric rise in its share prices following a Reddit frenzy coupled with a short squeeze. GameStop’s financial performance does not reflect its rall...
How is the US Oil & Gas space developing post 2020 plunge and EV revolution?
February 02, 2021 03:10 AM AEDT| By Team Kalkine MediaSource:pan demin, Shutterstock Summary Oil prices have started recovering from the 2020 crisis on the back of the economic stimulus and the start of vaccine roll-out. How the staged vaccine roll-out and further restrictions in several geograph...
More Borrowing & Disinvestments in India’s 2021 Union Budget
February 01, 2021 11:31 PM AEDT| By Kunal SawhneyCanada and the US, which have a significant population of Indian origin, showed a keen interest in India’s annual budget presented in parliament on Monday by Finance Minister Nirmala Sitharaman. The Indian budget has drawn keen inter.....
Is NZ on its way to success yet again? Zero new COVID-19 case recorded on 1 February
February 01, 2021 07:37 PM AEDT| By Team Kalkine MediaNZ Ministry of Health updated on 1 February 2021 that it recorded zero new COVID-19 case. It was further reported that the previously reported single case has also recovered now. Besides this, there was another case which has now been classified as.....
Indian Government Proposes Ban on Cryptocurrency, What It Could Mean for Investors?
February 01, 2021 05:04 PM AEDT| By Kunal SawhneyThe cryptospace is poised to witness a drastic change with the introduction of a new bill in the Indian Parliament, seeking to bar all private cryptocurrencies in the Asian country. Parliamentary Bill to Ban Cryptocurrency Across India The Indian...
How GameStop short squeeze roiled Wall Street
February 01, 2021 02:57 PM AEDT| By Kunal SawhneyThe US stock market, beginning January 2021, witnessed a ‘short squeeze’ on select stocks such as GameStop amid a coordinated effort by retail investors on Reddit to keep their prices higher. Since the stock prices skyrocketed in no tim.....
Is NZ on track to slash its greenhouse gas emissions and achieve 2050 targets?
February 01, 2021 02:27 PM AEDT| By Team Kalkine MediaIn a recent report it has been revealed that New Zealand requires to further manage their greenhouse emissions in order to be able to meet the Paris Agreement. Over the span of the next few years there is need to bring down the levels of emissions .....
Medsafe could give its go-ahead to Pfizer-BioNtech vaccine Tuesday
February 01, 2021 01:25 PM AEDT| By Team Kalkine MediaOn 26 January 2021, NZ government declared that Medicines regulator Medsafe would take a decision on the approval of Pfizer and BioNTech vaccine after taking advice and recommendations from the Medicines Assessment Advisory Committee (MAAC). MAAC w.....
New Zealand’s trade balance positive for first time in 10 years
February 01, 2021 12:23 PM AEDT| By Mark O'DonnellThe value of imports that made into New Zealand in 2020 was $7.4 billion lower than in 2019. Total imports fell from $64.4 billion to $57.0 billion as supply chains were disrupted by COVID-19 and demand in NZ for exports dropped as well. Goods tha.....
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US shares end worst week since October; Dow down over 600 points
February 01, 2021 09:23 AM AEDT| By Team Kalkine MediaThe US benchmark equity indices closed Friday’s trade on a negative note after a rally in select stocks such as GameStop triggered volatility. The shares of GameStop surged nearly 68 per cent on Friday and 400 per cent last week. The stock ro.....
