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Will these 5 popular Chinese stocks survive the regulatory storm?
July 31, 2021 11:33 AM AEST| By Team Kalkine MediaSummary The crackdown on Chinese companies may affect their business negatively in future. Chinese stocks witnessed a massive sell-off this week. Investors are wary of the situation, and the nervousness may settle only with time. Chinese .....
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US stock indices slip into red amid mixed cues
July 31, 2021 07:17 AM AEST| By Sanjeeb BaruahBenchmark US indices slipped into the red on Friday, July 30, dragged down by losses in most sectors and closing the trading week on a subdued note. The S&P 500 fell 0.54% to 4,395.26. The Dow Jones declined 0.42% to 34,935.47. The NASDAQ Compos...
Caterpillar revenue up 29%, AbbVie sales jump on Humira, Botox demand
July 31, 2021 02:24 AM AEST| By Team Kalkine MediaSummary Caterpillar Inc. (NYSE: CAT) reported revenue of US$12.9 billion in Q2, 2021. It returned US$0.8 billion in dividends and repurchasing stocks. AbbVie Inc.’s (NYSE: ABBV) revenue for the quarter was US$13.959 billion. Industr.....
What are the top technology trends in 2021?
July 31, 2021 12:26 AM AEST| By Team Kalkine MediaSummary COVID-19 has brought about a paradigm shift, and technology has given the shift a face. Changes in the way an economy functions are here to stay, and hence it is essential to explore the technologies that would keep the ball rolli.....
Big Tech: How did these five companies worth US$9.25 trillion fare in June quarter?
July 31, 2021 12:20 AM AEST| By Furquan MoharkanThe last week of July has been a momentous one, with the most valued companies in the US disclosing their quarterly earnings report. All the big tech companies announced their quarterly results this week – some did better than expected, others...
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How hard has COVID-19 hit the commercial value of Tokyo Olympics?
July 31, 2021 12:10 AM AEST| By Team Kalkine MediaSummary Tokyo Olympics is being held under a state of emergency with no spectators to prevent it from becoming a super spreader event. The COVID-19 pandemic has badly hit the commercial value of the event and impaired trade flows at domes.....
What does Credit Suisse investigation into Archegos fiasco reveal?
July 31, 2021 12:07 AM AEST| By Furquan MoharkanAn external investigation into the dealings of Credit Suisse with the collapsed US hedge fund manager Archegos Capital has revealed that the Swiss banking major had failed “to effectively manage risk.” The investigation, which was led by...
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What is net neutrality? Here’s what you need to know
July 31, 2021 12:05 AM AEST| By Sonal SinhaSummary In net neutrality, data available on the internet are treated equally by the internet service providers, businesses, and government. In its absence, internet service providers can prevent users from visiting specific websites by s.....
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How have the COVID-19 lockdowns affected employment in Australia?
July 31, 2021 12:00 AM AEST| By Daniel Paul JohnsSummary Until the beginning of July, Australia was doing very well in terms of recovery. According to the Australian Bureau of Statistics (ABS), in June 2021, unemployment decreased to 4.9% from 5.1% in the previous month. The recent lock.....
Chinese tech stocks drag APAC markets back in red
July 30, 2021 03:01 PM AEST| By Furquan MoharkanThe equity markets across the Asia Pacific region were trading in the red on Friday, as shares of the Chinese technology companies in Hong Kong were battered yet again. The Hang Seng Index of Hong Kong was down 1.96%. Most stocks that had rebounded...
Is Cardano better than Ethereum? What is so good about Cardano?
July 30, 2021 12:40 PM AEST| By SonalInvestors rushed to digital currencies amid times of economic instability created by the pandemic, making 2020 a great year for all digital coins. However, in 2021, several top cryptocurrencies set new highs, indicating even more remarkable growth......
Robinhood stock slides over 8% in dismal stock market debut
July 30, 2021 11:43 AM AEST| By Team Kalkine MediaSummary The stock had opened at US$38 apiece, but by the end of the session, it plunged 8.37% to US$34.82 in dismal first day trading. The brokerage firm had offered each stock at US$38 apiece in the IPO on Wednesday. The company was valued at.....
What does the second half of 2021 hold for Ether?
July 30, 2021 11:25 AM AEST| By Daniel Paul JohnsSummary A panel of cryptocurrency experts predicted this week that Ethereum’s price might hit US$4,600 by year-end. This would be nearly double the price as of 29 July 2021, which sits at approximately US$2,319. Coinbase reported Ether ra.....
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Mastercard’s revenue climbs 36%, T-Mobile’s net income rises by 789%
July 30, 2021 08:31 AM AEST| By Team Kalkine MediaSummary Mastercard’s (NYSE: MA) Q2 revenue grew by 36% year-over-year. The stock surged 2.11% at 9:52 am ET after the earnings report. T-Mobile (NASDAQ: TMUS) net income jumped 789% to US$978 million in the June quarter. T-Mobile’s.....
US stocks advance on GDP data, economy outlook
July 30, 2021 07:50 AM AEST| By Sanjeeb BaruahBenchmark US indices closed higher on Thursday, July 29, after the latest government data showed that the GDP grew marginally from the pre-pandemic peak of 2019 in the second quarter. The S&P 500 was up 0.42% to 4,419.15. The Dow Jones rose 0.44...
Elon Musk inspires a cryptocurrency - What’s there to know about ELONGATE?
July 30, 2021 07:45 AM AEST| By Daniel Paul JohnsSummary Another crypto that started as a joke, ELONGATE, has gained significant popularity of late. As per its website, ELONGATE’s goal is to grow a global movement that goes against traditional financial systems by linking profitab.....
US GDP grew by 6.5% in Q2, falls short of expectations
July 30, 2021 06:24 AM AEST| By Team Kalkine MediaSummary The latest figure fell short of economists’ expectations. However, it was a slight improvement from the 6.3% growth rate in the first quarter of 2021. The second-quarter growth rate was higher than the pre-pandemic level, signific.....
Five fastest-growing S&P 500 stocks making investors drool
July 30, 2021 04:29 AM AEST| By Team Kalkine MediaSummary Moderna, Inc. (NASDAQ: MRNA) gave a 234.37% return YTD. Its P/E ratio is 271.02. L Brands, Inc. (NYSE: LB) gave a 108.2% return YTD. The stock closed at US$77.43 on July 28. Generac Holdings Inc. (NYSE: GNRC) YTD return is 89.54%. It h.....
Ford lifts full-year outlook; Comcast Q2 net income up 24%
July 30, 2021 02:31 AM AEST| By Kiran MuraliSummary Ford projects volume to grow 30% in the second half as semiconductor supplies stabilize. Comcast’s saw record second-quarter customer net additions in cable communications. Ford’s stock gained 5 percent and Comcast rose 2 p.....
I3 Energy: Two wells at Martin Hills now in production; Wapiti acquisition completed
July 30, 2021 12:38 AM AEST| By Team Kalkine MediaSummary I3 Energy’s two wells at Martin Hills are now in production, and the clean-up process is currently underway. The company has also completed the Wapiti production acquisition, effective 1 April 2021. The company reported 09-.....
