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News
‘Who Let the Doge Out’: Elon Musk’s tweet that did wonders for Dogecoin
February 11, 2021 07:23 PM AEDT| By Team Kalkine MediaDogecoin is once again grabbing headlines with its price reaching a record high of USD 0.8106 (intraday high on 7 February 2021) at cryptocurrency exchange Binance, and billionaire Elon Musk revelling in his purchase of the digital currency. Dogec.....
5 stocks to keep an eye on in February 2021
February 11, 2021 06:21 PM AEDT| By Team Kalkine MediaSource: DavidEwingPhotography, Shutterstock 2021 started on a very volatile note for stock exchanges with overall bullish momentum in the air. Technology companies continued with strong performances. The stimulus package announcement also...
Tsunami Warning Eases But NEMA Advises People To Be On The Alert
February 11, 2021 05:38 PM AEDT| By Team Kalkine MediaOn Wednesday there was a high alert raised on coastal areas in New Zealand together with a Tsunami warning issued. This came after an earthquake of a whopping 7.7 in magnitude was experience on Wednesday in areas near New Caledonia. The warning is.....
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Are Energy Stocks Better Alternative to Tech Stocks?
February 11, 2021 02:20 PM AEDT| By Team Kalkine MediaOn the weekly chart, NASDAQ 100 Technology Sector Index has broken out of its upward trend line (orange line in the below chart) at 7,560.70 and made a new lifetime high of 8,121.84 (as on 08 February 2021). The index price is trending upward, form.....
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Why is Copper at a New Seven-Year High?
February 11, 2021 01:12 PM AEDT| By Team Kalkine MediaCopper prices are once again climbing the price ladder swiftly with prices of the commodity now surpassing the previous seven-year high seen in January 2021, thanks to the unfolding Supercycle in the commodity. To Know More, Do Read: Copper Tops U.....
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Qatar Eyes Top Spot With World’s Largest LNG Project
February 11, 2021 12:48 PM AEDT| By Team Kalkine MediaIn a major boost to the oil & gas sector, Qatar Petroleum has approved a final investment decision (FID) for an LNG project. The project, entailing an investment of US$28.75 billion, will involve the construction of four mega LNG trains, each .....
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What drove Twitter’s Q4 Revenue to Record High?
February 11, 2021 11:39 AM AEDT| By Team Kalkine MediaSocial media giant Twitter had an outstanding 2020. The company registered a robust increase in its revenue and average monetizable daily active usage (mDAU) in the last quarter of 2020. Q4 2020 Financial highlights Revenue - 2020 revenue stood.....
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Why US Markets Ended Flat For Second Straight Day
February 11, 2021 08:43 AM AEDT| By Team Kalkine MediaMajor US stock indices ended lower for the second day in a row on Wednesday as investors appeared to have extended their break after some turbocharged market sessions recently. The S&P 500 was down 0.03% to 3909.88, while the Dow Jones Industr.....
How are US Copper Stocks Reacting to the Underlying Commodity Price Rally?
February 11, 2021 05:31 AM AEDT| By Team Kalkine MediaSource:Christian Vinces, Shutterstock Copper futures has climbed the price ladder swiftly with the price now crossing the previous month top of $3.7338 per pound on COMEX. The price has hit $3.7735 per pound, establishing a new eight-year high. The...
Heineken To Cut 8,000 Jobs as FY20 Net Profit Slumps Nearly 50%
February 11, 2021 04:42 AM AEDT| By Team Kalkine MediaAmsterdam-based brewing major Heineken NV (AMS: HEIA) on Wednesday announced to cut at least 8,000 jobs as a part of organisation redesign after its net profits slumped by 50 per cent year-on-year due to the Covid-induced backlash and slugg.....
US Consumer Prices Rise as Gasoline Cost increases
February 11, 2021 02:48 AM AEDT| By Team Kalkine MediaSource: Ksw Photographer, Shutterstock Summary US consumer prices rose by 0.3 percent in January due to rising fuel cost. Besides food and oil, prices for clothing, medical care, renting, and car insurance also increased. Gasoline prices rose...
US Consumer Sector Hopes for 2021 comeback Amid Dark Covid Cloud
February 11, 2021 02:04 AM AEDT| By Team Kalkine MediaSource: insta_photos, Shutterstock Summary More and more people buying daily essentials directly from stores as restrictions ease Stocks of consumer staples and durables see impressive gains Trend likely to continue as the pandemic situa...
Why is SF Holdings Eager to Acquire Kerry Logistics Network?
February 10, 2021 10:14 PM AEDT| By Kunal SawhneyChinese multinational delivery services and logistics company SF Holdings Company (SHE: 002352) has recently expressed its intention to buy a controlling stake in Hong Kong-based logistics company Kerry Logistics Network. In a bid to bolster its g.....
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Elon Musk drops hints on the timing of Starlink IPO
February 10, 2021 06:54 PM AEDT| By Team Kalkine MediaBusiness tycoon Elon Musk had a blockbuster 2020. His company Tesla, the world's leading electric car maker, broke records when it entered S&P 500 last year. Early in 2021, Musk became the world's wealthiest person, overtaking Amazon's founder .....
New Zealand gives final go-ahead to Pfizer-BioNtech’s COVID-19 vaccine
February 10, 2021 04:11 PM AEDT| By Team Kalkine MediaNZ Government gave its formal authorisation to Pfizer COVID-19 vaccine on Wednesday. Chris Hipkins COVID-19 Response Minister stated that Cabinet had given its consent to Pfizer/BioNTech vaccine and arrangements were ongoing to rollout the vaccine.....
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Is Cryptocurrency hitting the mainstream again?
February 10, 2021 04:08 PM AEDT| By Mark O'DonnellCryptocurrency is again filtering into the NZ mainstream news at a regular rate. This is because investors have been flocking to the digital asset while record prices are being set every other week. The price of Bitcoin, the most popular and well-.....
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INSIGHTEC’s MR-guided focused ultrasound treatment approved by China’s NMPA
February 10, 2021 02:02 PM AEDT| By Team Kalkine MediaA global medical technology innovator INSIGHTEC Inc updated the market that the Company has obtained market approval from the National Medical Products Administration (NMPA) for its Exablate Neuro platform. NMPA is a Chinese agency which focu.....
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US Markets End Flat After Early Losses; NASDAQ Gains on Tech, Energy Boost
February 10, 2021 09:14 AM AEDT| By Team Kalkine MediaS&P 500 and Dow Jones saw several ups and down during the trading session, dragged by the cyclical and utilities sectors, to end flat on Tuesday. The tech-heavy NASDAQ held its ground to shrug off the downward trend, as the anticipation of the .....
Elon Musk’s Romance With Cryptocurrency
February 10, 2021 04:37 AM AEDT| By Hina ChowdharyElon Reeve Musk, the founder and chief executive officer of Tesla Inc (US:TSLA or NASDAQ: TSLA), has been actively tweeting on cryptocurrency since the beginning of this year, expressing his love for the crypto market. His posts have contributed to t...
New Zealand to Impose Fundamental changes in its Relationship with Myanmar
February 10, 2021 03:49 AM AEDT| By Kunal SawhneyPrime Minister Jacinda Ardern made her stance about Myanmar clear at the press conference held post the cabinet session. As revealed by Nanaia Mahuta the foreign minister, there is going to be some major changes in the way New Zealand conducts itse.....
