News

Six Major Gold Miners with Massive Reserves

Summary Gold prices have been edging higher over the weaker US dollar and growing inflationary pressure. China, Russia, Australia, Canada, and the...

Coinbase Stock Hits Record Low As Bitcoin Nosedives

Summary Coinbase stock marked its record low of US$208 in Wednesday’s trading. Bitcoin plunged as much as 29 percent before regaining some o...

US Stocks Plunge In Broad Rout, Bitcoin Sees Record One-Day Fall

US stock markets continued a losing streak on Wednesday, May 19, as losses across all sectors deepened amid a dwindling risk appetite among investors...

Canada’s OSF Digital Acquires NZ’s Adept Group To Enhance Its Presen...

Summary Canadian OSF Digital has acquired Adept Group, which has offices located in Auckland and Wellington. Both the companies will draw mutual b...

BofA Joins Amazon, McDonald’s In Raising Minimum Wage

Bank of America Corporation (NYSE: BAC) is the latest to join corporate America in raising the minimum hourly wages for workers. Amazon.com, Inc. (NAS...

Finally, There’s Bitcoin Pizza. But It Doesn't Accept Bitcoin!

Bitcoin has been in the spotlight lately. Despite the volatile nature of the digital currency, crypto enthusiast Anthony Pompliano has come up with a...

Crypto Market Crashes! US$1 Trillion Wiped Off In 5 Days

Virtual currencies plummeted sharply on Wednesday, May 19, leading to a massive sell-off in worldwide crypto markets. Prices of top crypto coins like...

What do Rising Bond Yields Indicate About the Economy?

Summary Bond yields have a significant impact on the economy and the stock markets, with rising bond yields usually indicating a stock market slowd...

100,000 dead in a month: COVID-19 continues relentless onslaught in...

The raging COVID-19 pandemic in India has left 104,488 people in country dead in just a month’s time, as the country is hurtling towards the tot...

APAC markets a sea of red; ASX200 bleeds AU$40 billion

The markets across the Asia-Pacific region were mostly trading in red on Wednesday, with Australian markets being the worst performer. The country&rs...

Waikato DHB latest to be hit by cyberattack

A cyberattack on a New Zealand public health provider knocked off information systems at 5 hospitals, causing some elective procedures to be canc...

Cannabis-Based Company Bags Carbon Efficiency Certification

Summary Cannabis-based Company receives carbon efficiency certification. It paves way for eco-friendly cannabis production in the country. Settin...

Auditor General Advises NZ Government To Ramp Up COVID-19 Vaccinatio...

Summary New Zealand needs to increase its momentum of the vaccine roll-out, says Auditor General. The Government must thoroughly work on contingen...

Chinese ban adds to Bitcoin’s woes, price sinks 8%

The prices of Bitcoin tumbled 7.6% after the world’s second largest economy, China, banned financial institutions from offering Bitcoin and all...

Will Hiked Electricity, Gas Prices In March 2021 Quarter Affect New...

Summary Electricity prices experienced a rise in the March quarter of 2021. Gas supply prices rose due to unanticipated production drop at the Poh...

Did Colonial Pipeline Attack Drive US Oil Prices Up?

Summary US gasoline prices hit a seven-year high of US$3.045 a gallon on Monday. The cyberattack on Colonial Pipeline triggered panic buying of ga...

Yellen bats for increased taxes for businesses

Summary US Treasury Secretary Janet Yellen is all for increased taxes for businesses to aid stimulus package. Yellen also called for stronger labo...

Warren Buffett Buys Shares in Aon; Cuts Stake in Wells Fargo, Chevro...

Summary Berkshire Hathaway held 4,096,146 shares in Aon, worth US$ US$942.6 million, as of March 31. The conglomerate reduced its holding in Wells...

US Markets Close Lower As Tech, Telecom Stocks Retreat

US stock markets retreated for the second day on Tuesday despite some advances made by technology stocks to hold off the slide as inflation woes conti...

2 Major M&As Today: IBM-Waeg & Performance Food-Core-Mark

Summary IBM plans to buy Salesforce's European consulting partner Waeg. Performance Food to acquire Core-Mark in a US$2.5 billion deal. Ameri...