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What is Assemble Protocol (ASM) crypto? Find out why it is soaring
Cryptocurrency

What is Assemble Protocol (ASM) crypto? Find out why it is soaring

The rapid decline in the prices of cryptocurrencies has kept crypto market enthusiasts hooked on the latest developments associated with the virtual currency market. On Wednesday, May 25, Assemble Protocol (ASM) crypto caught the attention of the ...

NZX closes in red as Reserve Bank delivers another rate hike
Market Updates

NZX closes in red as Reserve Bank delivers another rate hike

Highlights Another rate hike by the RBNZ pulls the market down Global markets also down on macro-economic factors Blue-chip Fisher and Paykel reports a drop in profit by 28% The New Zealand share market was down on Wednesday taking cues f...

  • May 25, 2022 08:45 PM NZST
  • Manika
Eying EV stocks? Tesla, Li Auto, Nio: 3 stocks creating a buzz
Climate Change

Eying EV stocks? Tesla, Li Auto, Nio: 3 stocks creating a buzz

Electric vehicle (EV) stocks have been a rage in recent times, thanks to growing awareness among people regarding global warming and climatic changes. As a result, many nations are gradually phasing out oil and gas for sustainable renewable energy...

Why is Alchemy Pay (ACH) crypto soaring today?
Cryptocurrency

Why is Alchemy Pay (ACH) crypto soaring today?

Highlights As per the whitepaper, Alchemy Pay was built to fill the gap between the fiat and crypto worlds. The ACH crypto is the native token of Alchemy Pay, and it is an ERC-20 token. Alchemy Pay integrates technology and traditional finance...

STU, CRP: Why are these 2 NZX material stocks surging today?
Industrial Stocks

STU, CRP: Why are these 2 NZX material stocks surging today?

Highlights Material stocks play an important role in providing sustainability. Steel and Tube Holdings expects EBIT earnings to be $45 million and above in FY22. Chatham Rock shares were up over 37% on Wednesday. The material sector compr...

  • May 25, 2022 04:41 PM NZST
  • Sonal
SPN, NPH, POT: Port stocks to watch as NZ funding boosts coastal shipping
Industrial Stocks

SPN, NPH, POT: Port stocks to watch as NZ funding boosts coastal shipping

Highlights The NZ government has committed significant funding for upgrading domestic shipping services, etc. South Port New Zealand posts a steady half-year performance Napier Port Holdings to pay an interim dividend next month The New Z...

Kiwis gear up for more mortgage rates as RBNZ raises OCR
Economy

Kiwis gear up for more mortgage rates as RBNZ raises OCR

Highlights As expected, the Reserve Bank of New Zealand raises the OCR by 50 bps This brings the OCR from 1.5% to 2% Expecting to raise the OCR more to bring down inflation to remit levels The Reserve Bank of New Zealand (RBNZ) Wednesday ...

  • May 25, 2022 04:15 PM NZST
  • Manika
WBC, ANZ: 2 big banking stocks in news as RBNZ raises OCR
Financial Stocks

WBC, ANZ: 2 big banking stocks in news as RBNZ raises OCR

Highlights The RBNZ is set to announce a hike in the OCR today This will influence banks’ mortgage and interest rates Two leading bank stocks of NZ traded mixed in the morning session The Central Bank of New Zealand will deliver ano...

  • May 25, 2022 03:52 PM NZST
  • Manika
Fisher & Paykel (NZX:FPH) reports 28% decline in FY22 profit, shares slide
Healthcare Stocks

Fisher & Paykel (NZX:FPH) reports 28% decline in FY22 profit, shares slide

Highlights Fisher & Paykel reported a 28% drop in NPAT in FY22 as demand for its breathing devices slowed globally. FPH’s shares were trading 0.72% lower during the day at $20.56. The Company launched new products and approved a fin...

  • May 25, 2022 02:31 PM NZST
  • Sonal
PGW, SEK, LIC:  3 agri stocks amid new emission reduction norms
Consumer Stocks

PGW, SEK, LIC: 3 agri stocks amid new emission reduction norms

Highlights Agriculture emissions have been in focus in the Emissions Reduction Plan announced recently A special five-year plan has been put in place to reduce methane The government has committed NZ$700 million over 4 years to lower agri emis...

  • May 25, 2022 01:09 PM NZST
  • Manika
ATM, FCG: 2 stocks in focus as dairy prices may rise further
Consumer Stocks

ATM, FCG: 2 stocks in focus as dairy prices may rise further

Milk prices in NZ are getting impacted by the global market. NZ exports nearly 95% of the country’s milk and is an export-led country. Subsequently, dairy product prices in NZ are defined by international markets. A steady rise in dairy pric...

  • May 25, 2022 12:31 PM NZST
  • Sonal
Wall Street retreats after social media stock rout; SNAP, PINS plunge
Stock Market

Wall Street retreats after social media stock rout; SNAP, PINS plunge

Wall Street’s main indices closed mixed on Tuesday, May 24, after Snap Inc’s bleak forecast triggered a sector-wide selloff in social media stocks.   The S&P 500 was down 0.81% to 3,941.48. The Dow Jones rose 0.15% to 31,928.62....

Astar (ASTR) crypto firm joins Microsoft’s (MSFT) startup program
Cryptocurrency

Astar (ASTR) crypto firm joins Microsoft’s (MSFT) startup program

Highlights  Astar (ASTR) is a smart contract hub on Polkadot that supports Ethereum, WebAssembly (WASM), and layer-2 solutions. The ASTR token has a market capitalization of US$263 million.  AstridDAO, a decentralized money market pr...

Why is LCX (LCX) crypto gaining attention?
Cryptocurrency

Why is LCX (LCX) crypto gaining attention?

Highlights LCX (LCX) is a regulated digital currency exchange. The LCX utility token powers the LCX.com platform and the LCX exchange. LCX has a market capitalization of US$48.08 million, with 10,348 token holders. Cryptocurrencies are be...

What is Ariva (ARV) crypto’s tourism ecosystem?
Cryptocurrency

What is Ariva (ARV) crypto’s tourism ecosystem?

Highlights Ariva (ARV) is a travel & tourism payment and reward system. Its ecosystem includes Ariva.World, Ariva.Finance, Ariva Wonderland (a metaverse), and Ariva.Club. With approximately 277 token holders, Arvia's circulating supply is ...

What is LockPay and is it a pump and dump scheme?
Cryptocurrency

What is LockPay and is it a pump and dump scheme?

Amid the declining crypto market, LockPay crypto appears to be gaining attention. As of writing, the global crypto market cap was down by 4.1 per cent to US$ 1.26 trillion. The data of LockPay crypto is not tracked by popular cryptocurrency websit...

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