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News
Crude oil inches lower ahead of OPEC+ meeting
November 03, 2021 12:28 PM AEDT| By Arpit VermaHighlights Crude oil has surged more than 60% in 2021. The prices are currently playing near three-year high levels. OPEC+ meeting is scheduled on Thursday to discuss further crude oil production. Crude oil traded below US$85 per barrel o.....
Microsoft now joins the Metaverse craze, to launch Mesh for Teams
November 03, 2021 10:26 AM AEDT| By Team Kalkine MediaMicrosoft Corp. is the latest to join the metaverse craze after announcing plans on Tuesday to launch the Mesh for Teams, which will offer a virtual reality capability on its videoconferencing platform. Bloomberg reported that the technology compa.....
Wall Street closes at record high as earnings lift mood
November 03, 2021 09:15 AM AEDT| By Sanjeeb BaruahBenchmark US indices continued their rally on Tuesday, November 2, bolstered by gains across stock segments as strong quarterly earnings of companies lifted the market sentiments. The S&P 500 was up 0.37% to 4,630.65. The Dow Jones rose 0.39% to...
Elon Musk’s net worth now tops Jeff Bezos, Mark Zuckerberg’s combined
November 03, 2021 08:11 AM AEDT| By Sanjeeb BaruahWith a staggering US$335.1 billion, Tesla chief Elon Musk's net worth now tops the combined wealth of Amazon founder Jeff Bezos and Meta Platforms, Inc., formerly Facebook, CEO Mark Zuckerberg. Musk, the world's richest person, got a lot richer on.....
What is Burger King’s crypto reward program and how to join it?
November 03, 2021 05:52 AM AEDT| By Ipsita SarkarBurger King’s popular Royal Perks program, which gives away cryptocurrencies as a reward to its loyal customers, will continue till November 21, the company said. The leading fast-food chain had launched the loyalty program in partnership wi.....
FTSE 100 partly resurrects on upbeat Wall Street
November 03, 2021 03:26 AM AEDT| By AbhijeetUS Markets: When it comes to Wall Street hovering near fresh record highs, the key indices remain in a position to make and break newer records over a couple of sessions. All the three major stock indices registering new all-time highs on Tuesday, 2...
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Shell (RDSB) & Tesco (TSCO): 2 FTSE 100 forecourt operators to buy
November 03, 2021 02:23 AM AEDT| By Suhita PoddarHighlights Petrol prices rose over 30p per litre in the last 12 months, as per DBEIS data. The current average price is at a record high of 143.70 pence per litre, compared to a previous high of 142.17 pence per litre reached in April 2012. .....
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All about French Connection’s £29-mn takeover
November 03, 2021 12:10 AM AEDT| By Rishika RainaHighlights French Connection will be acquired for the first time since 1983. The £29-million takeover of the fashion brand led by a Newcastle-based businessman is backed by the shareholders of French Connection. A final court appro.....
What does ‘fungible’ in NFTs mean?
November 02, 2021 11:50 PM AEDT| By Ankit SethiHighlights CryptoPunks are NFTs, but Leonardo da Vinci's Mona Lisa is just non-fungible All cryptocurrencies are fungible, which means they are a part of some homogeneous group Facebook’s metaverse may give a boost to blockchain ga.....
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How can a company get delisted?
November 02, 2021 10:32 PM AEDT| By Priya BhandariIrish airline Ryanair (LON: RYA) has been in news as it is considering an end to its stock listing on London Stock Exchange. According to a recent statement issued by the company, the volume of its stock trading in London has witnessed a fall after.....
Shiba Inu & DOGE's rival CateCoin set to explode? Know price prediction
November 02, 2021 09:49 PM AEDT| By Raza NaqviOne of the cryptocurrencies gaining investors' attention over the past few weeks is CateCoin (CATE). The cryptocurrency soared 54 per cent in the last 24 hours. Dubbed as a rival to Shiba Inu and Dogecoin, the CATE token is a cat-themed dece.....
A 360-degree view on Australian real-estate market
November 02, 2021 09:21 PM AEDT| By Sonal GoyalHighlights The statistics released by CoreLogic Inc. revealed that there is a 1.4% rise in the value of residential property in Australia in October. 47,040 new property listings were observed in the property market within four weeks ending Oct.....
FB’s metaverse can be a blessing for these 5 blockchain games
November 02, 2021 09:15 PM AEDT| By Ankit SethiHighlights Facebook’s rebranding move has thrust the virtual reality world of metaverse into the spotlight, but it is not the first company to enter the space Many existing cryptocurrency projects have their own metaverse where users can .....
New APRA rules on home lending; here's what has changed
November 02, 2021 08:15 PM AEDT| By Sukriti NairThe Australian Prudential Regulation Authority (APRA) has increased the minimum interest rate buffer for banks to use while assessing the serviceability of home loans and mortgages. The rules are effective from Monday, 1 November 2021. New rules ar.....
It's MANA mania now!
November 02, 2021 08:11 PM AEDT| By Aditi SahaHighlights The MANA fever has now swept the global crypto market after Facebook's "Meta" rebranding. Mark Zuckerberg, the CEO of Facebook, said on 28 October that the company's name would be changed to Meta to reflect a greater focus on the met.....
BBEDS: FAANG stocks’ counterpart in cryptocurrencies space
November 02, 2021 07:18 PM AEDT| By Ankit SethiMost of us know what FAANG is. The acronym relates to listed tech giants – Facebook (now Meta), Apple, Amazon, Netflix and Google (Alphabet). These five companies have a combined market cap of over US$7 trillion with a substantial share in t.....
Five Less Known Meme Coins
November 02, 2021 05:32 PM AEDT| By Daniel Paul JohnsHighlights Dogecoin inspires Samoyedcoin since it is a crypto named after a dog breed Tiger King is a ground-breaking utility token for ChainChat - the first of its kind decentralised application (DApp) After being valued at US$0.00000815 on O.....
Would Bitcoin Cash (BCH) see a turnaround anytime soon?
November 02, 2021 04:04 PM AEDT| By Jasmine AnandCreated in 2017, Bitcoin Cash is a famous altcoin or a spin-off of the world's largest cryptocurrency, Bitcoin. Of late, the crypto has not been performing well, and is now looking at bullish forces for its revival. Though at times, it tends to sh.....
Is COP26 a boon or bane for Australia?
November 02, 2021 03:31 PM AEDT| By ManishaThe borderless climate crisis has brought together nations and organisations to fight the battle. Among the several initiatives across the world making climate change as its global priority, COP26 is an epoch-making platform. The 26th United Natio.....
Squid Scam: The Token That Took Off with Over US$2 Million of Investors’ Money
November 02, 2021 03:11 PM AEDT| By Daniel Paul JohnsCrypto scams are by no means a new thing. Unfortunately, a lot of digital currencies turn out to be nothing more than money grabbers before the anonymous developers disappear into the night either to take their investors’ money to retire on a.....
AI on the Rise: A Look at Top AI Companies and Their Stocks