News

Crude oil recovering steadily, Tailwinds to drive the pace over 2020
September 20, 2020 12:59 AM AEST| By Team Kalkine MediaCrude oil prices slumped after 3 days of consecutive gains following the resumption of crude oil facilities in the Gulf of Mexico. Hurricane Sally finally diminished after disrupting oil operations for 5 days. The OPEC+ group had been maintaining d.....

Pet grooming services to reopen, families and industry welcome the move
September 20, 2020 12:38 AM AEST| By Kunal SawhneyWhen it comes to pets, many Australians are willing to go the extra mile for their pet's well being. In fact, according to the Animal Medicines Australia (AMA) study conducted in 2019, there are almost 29 million pets in Australia today, which is m.....

Yoshihide Suga takes over Japan’s reigns: A difficult road ahead?
September 19, 2020 12:00 AM AEST| By Team Kalkine MediaJapan’s longest-serving Prime Minister, Shinzo Abe steps down from the power on account of his chronic health issues. His abrupt departure, however, leaves a trail of challenges that would require dedicated focus from his successor, Chief Cab.....

Buffett-backed Snowflake Makes Bumper Market Debut, All That You Need to Know!
September 18, 2020 08:48 PM AEST| By Team Kalkine MediaWhile the IPO market went into a deep freeze in the first half of the year amidst COVID-19-induced fears, the market seems to be springing back to life on rebounding equities and economic recovery hopes. Tapping lucrative opportunity in the revivin.....

How is cryptocurrency going to be regulated in the EU?
September 18, 2020 07:49 PM AEST| By Edita IvancevicNot so long ago, most nations did not completely regulate cryptocurrencies. However, a recently leaked European Commission draft suggests that the EU will soon have laws and regulations that will monitor the capital gained from these digital assets.....

Why we do not understand Bitcoin?
September 18, 2020 07:23 PM AEST| By Edita IvancevicWhen bitcoin emerged back in 2009, no one would have thought it would come to the level where it is, at the present time. It was greeted with scepticism because everyone was used to fiat currencies, thinking that bitcoin was not genuine since it di.....

TikTok Jumping Through Hoops: Anticipated IPO & Hunt For A New CEO Amid White House Decision
September 18, 2020 06:16 PM AEST| By Team Kalkine MediaTikTok has become the hottest point of disagreement between the world’s biggest economies, the United States and China, which have battled over trade, security, and tech dominance amid growth virus spat. The popular short video app, especial.....

US stockpiles Dry up, a big boost for oil prices. Is oil headed higher from here?
September 18, 2020 05:57 PM AEST| By Team Kalkine MediaU.S. crude oil stockpiles are declining as imports from Saudi Arabia are declining and exports rising. The exports have increased by 1.2 million barrels per day, with China being the major consumer. China has imported nearly 1 million barrels per d.....

How Are Global Crude Oil Giants Responding to the New Normal?
September 18, 2020 03:38 PM AEST| By Team Kalkine MediaSaudi Arabia, the world’s largest crude oil producer, has been supplying crude oil at a price lower than international prices to China in order to capture higher market share. However, the market situation changed as China ran out of space to.....

Are Amazon, Tesla, and Alibaba the growth stocks in a slower economic growth world?
September 18, 2020 01:56 PM AEST| By Team Kalkine MediaThe impact of COVID-19 pandemic on the stock market is one such black swan event that caught nearly everybody by surprise, and has possibly impacted the businesses across several sectors Globally, coronavirus swallowed the growth made by numerous .....

Is the US set for low-interest rates for the next 3 years? The Fed believes so
September 17, 2020 11:11 PM AEST| By Team Kalkine MediaThe US Federal Reserve Board announced a major policy change on 27 August to keep low-interest rates and allowed inflation to run above 2% to support the labour market and broader economy. The new strategy that was detailed in a speech by Federal .....

COVID-19 Pandemic Vs Global Financial Crisis: NZ Economic Indicators Under the Spotlight
September 17, 2020 08:10 PM AEST| By Team Kalkine MediaThe magnitude of COVID-19 disaster was initially underestimated by the policymakers worldwide. However, deep repercussions of the pandemic have ignited debates of its close resemblance with the global financial crisis (GFC) of 2008-2009. At the tim.....

Snowflake Debuts on The Exchange at Mind-Numbing Valuations, Price/Sales >100x
September 17, 2020 06:46 PM AEST| By Team Kalkine MediaSnowflake Inc. made a debut at the New York Stock Exchange on Wednesday, 16 September. With the backing of Warren Buffet’s Berkshire Hathaway, the market hype around the stock remained immense, sending the stock over 100% on the first day of .....

What is NYSE Bitcoin Index?
September 17, 2020 06:13 PM AEST| By Edita IvancevicThe New York Stock Exchange (NYSE), a part of the Intercontinental Exchange Inc (NYSE:ICE), revealed the launch of the NYSE Bitcoin Index (INDEXNYSEGIS:NYXBT) back in May of 2015. The launch of NYXBT meant that there would be a standard index for b.....

Oracle eyeing TikTok operations as it spins off into a separate entity
September 17, 2020 01:11 PM AEST| By Team Kalkine MediaSoftware giant Oracle is believed to be taking an ownership stake in the newly formed TikTok corporation. Oracle plans to team up with China's ByteDance in order to keep TikTok operating and running in the United States. Until a few days bac.....

Is Bitcoin Revolution for real? How do you trade it?
September 17, 2020 11:21 AM AEST| By Team Kalkine MediaIn the sea of automated trading systems, it is easy to get confused while choosing the best one. Most systems promise a fast capital, with only a half an hour a day spent using the app. One of them is Bitcoin Revolution, which caused a lot of contr.....
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Unveiling Sinusoidal Trend of Rocket Companies’ Share Price
September 16, 2020 05:34 PM AEST| By Team Kalkine MediaShare price of Rocket Companies, Inc. (NYSE: RKT) has been on a roller-coaster ride ever since its Initial Public Offering (IPO) in early August. The Company has witnessed a high of US$34.37 and low of US$18.31 within days of commencing trading at .....

How does Bitcoin Circuit work?
September 16, 2020 05:07 PM AEST| By Edita IvancevicBitcoin Circuit is one among many automated trading systems, which is being promoted as a platform that makes its users rich. Similar platforms are famous within the younger population that wants to get rich in a fast and easy way, as those platfor.....

NZ GDP to contract in June quarter, but a quick bounce back expected in Q3
September 16, 2020 03:35 PM AEST| By Team Kalkine MediaNew Zealand government led by PM Jacinda Ardern has garnered international accolades for pursuing the policy of going tough and going early in imposing lockdowns to curb the spread of coronavirus. NZ’s coronavirus free run for 102 days ended.....
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Kiwi’s Thirst for Travel Re-Ignites, Air New Zealand Sells 110k Tickets
September 16, 2020 03:06 PM AEST| By Team Kalkine MediaWhile the travel sector has been one of the worst hit in the face of COVID-19 crisis, Air New Zealand (NZX:AIR) is under the spotlight for reflecting some signs of revival for the sector amidst relaxed social distancing norms. The government of Ne.....