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News
Is COVID-19 wave on the ebb? Signs of relief as cases decline
May 17, 2021 11:51 AM AEST| By Furquan MoharkanThe COVID-19 pandemic is seen easing out across the globe, as fresh infections in India have been dwindling for four days on the trot now. On Sunday, the world reported 529,851 fresh cases of the highly contagious virus – its lowest level in.....
Has Tesla dumped Bitcoin holdings? Elon Musk drops a hint
May 17, 2021 10:39 AM AEST| By Furquan MoharkanBillionaire Elon Musk on Sunday night hinted that Tesla Inc (NASDAQ:TSLA) might have dumped its holdings in the world’s largest cryptocurrency – Bitcoin. This triggered a 12% crash in Bitcoin prices from the 24-hour high. Musk’s .....
Israel-Palestine Conflict: Biden Calls For De-Escalation
May 16, 2021 05:41 PM AEST| By Kiran MuraliAmid the rising conflict between Israel and Palestine, the US President, Joe Biden, spoke to Israeli Prime Minister Benjamin Netanyahu and Palestinian President Mahmoud Abbas on May 15. President Biden supported Israel’s right to defend itself...
Dogecoin explained: All you need to know about the meme currency
May 16, 2021 12:16 AM AEST| By AayushSummary Dogecoin is a meme currency, initially created as a joke. It is significantly faster than its peers where it takes just a minute for completing one Dogecoin transaction. Dogecoin uses a proof-of-work algorithm which is similar to that .....
US Markets End Higher After Volatile Week; Tech, Energy Stocks Advance
May 15, 2021 07:17 AM AEST| By Team Kalkine MediaAll major US stock indexes closed higher on Friday, ending a volatile week that saw a steep decline in the blue-chip and technology stocks amid a positive economic outlook. The S&P 500 rose 0.52% to 3909.52. The Dow Jones Industrial Average gain...
Can inflation woes spark a firestorm in global markets?
May 15, 2021 03:47 AM AEST| By Furquan MoharkanThe global equity markets are witnessing a sizeable correction. The reason? The credit may become costlier for the companies. In the past seven days, two data sets on inflation came to light, and both presented a grim picture. The United States, the...
Cyberattack hits Colonial Pipeline, chokes US East Coast fuel supply
May 15, 2021 03:35 AM AEST| By Nitish KumarLast week, the world witnessed a major cyberattack on a US fuel pipeline that stymied the supply of gasoline and diesel on the east coast of the mighty United States. Colonial Pipeline, the largest pipeline system for refined oil products in the U.....
After 6.7% Job Decline In 2020, Where Does US Solar Industry Stand?
May 15, 2021 03:05 AM AEST| By Team Kalkine MediaYear 2020 saw significant workforce reductions in nearly all sectors due to COVID-triggered shutdowns, and the solar industry wasn’t an exception. Despite record installations of solar capacity last year, the United States recorded 6.7 per cen...
US Fully Vaccinates 35% Of Its Citizens; 58.7% Receive Single Dose
May 15, 2021 03:02 AM AEST| By Team Kalkine MediaSummary The US has fully vaccinated 35.4% of its population and at least one dose to 58.7% of its citizens till date. The vaccination drive has slowed down recently as those who were at risk have been immunized. Immunization for children in th.....
What Are Some Less Energy-Intensive Alternatives to Bitcoin Crypto Mining?
May 14, 2021 11:02 PM AEST| By Suhita PoddarSummary Tesla founder Elon Musk’s announced Tesla would stop accepting Bitcoin as a form of payment, over concerns about Bitcoin’s high energy demand and fossil fuel use Bitcoin’s energy demand comes more from mining over tran.....
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Are Bitcoin Chartists Picking Bearish Signals?
May 14, 2021 08:01 PM AEST| By Team Kalkine MediaSummary Bitcoin price has dropped by ~30.66 percent from its lifetime high. on the daily chart Bitcoin prices are trading in a rising channel formation and below its 100-Period Simple Moving Average (SMA). The price has broken a rising trendli.....
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Can Dogecoin Be A Bitcoin Alternative For Elon Musk’s Tesla?
May 14, 2021 07:38 PM AEST| By AnujTelsa Inc (US:TSLA, NASDAQ:TSLA) founder Elon Musk tweeted on Wednesday, May 12, that the electric vehicle (EV) company is suspending all purchases using Bitcoin. He also hinted that the company is exploring other environment-friendly cryptocurrenci...
Is the Crypto Grass Greener? The Search for ‘Greener’ Cryptos
May 14, 2021 06:06 PM AEST| By Team Kalkine MediaSummary Elon Musk announced on Thursday that Tesla would no longer accept Bitcoin to purchase its vehicles. The decision has led to a heated debate over the amount of electricity required to mine bitcoins. Tesla’s move has resulted in at.....
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Restructure Of the KiwiSaver Signals Improved Benefits For The Default Members
May 14, 2021 05:19 PM AEST| By Team Kalkine MediaSummary New Zealand Government announced a major revamp of its KiwiSaver, reducing it from nine to six. The new improved default providers setting would benefit around 381K Kiwis who are currently in the default schemes. The changed settings w.....
Jacinda Ardern Takes TheTop Spot on Fortune List of World Leaders
May 14, 2021 04:24 PM AEST| By RomaSummary Jacinda Ardern declared the world’s top leader on Fortune List. She beat the likes of Dolly Parton and Melinda Gates This award is due to proactive work in the pandemic. In a recent update, it’s been announced th.....
APAC markets open mostly in green on Wall Street cues
May 14, 2021 03:36 PM AEST| By Furquan MoharkanThe Asia Pacific (APAC) markets opened mostly in green on Friday, following the Wall Street rally overnight. The Japanese shares were the biggest gainers in the region, with Nikkei225 up 2.3%, having wiped most of the losses it made in the Thursda.....
NZ Manufacturing Drops In April, But Still in An Expansionary Mode
May 14, 2021 03:30 PM AEST| By ManikaManufacturing in New Zealand’s is lower than in March but is still expanding, said a report by BusinessNZ. Manufacturing activity dropped by 5.2 points in April as compared to March. According to a report by BusinessNZ. The Performance .....
Will Chevron Corp. (NYSE: CVX) Prices Cross the Hurdle on Charts?
May 14, 2021 03:25 PM AEST| By Team Kalkine MediaSummary Chevron Corp. (NYSE: CVX) has outperformed the index and generated ~16.01 percent returns in the last 3 months. On the daily chart, CVX’s prices are moving in a horizontal channel pattern and taking support from the 100-period Sim.....
US tax sleuths, justice dept set to probe Binance: Reports
May 14, 2021 02:43 PM AEST| By Furquan MoharkanOne of world's largest cryptocurrency exchanges, Binance is facing investigation from the US Internal Revenue Service and the Justice Department, reports said. The probing officials have asked for detailed information from individuals with insight.....
Ready For Your Next Trip? Points To Keep In Mind For Safe Travel
May 14, 2021 02:06 PM AEST| By Team Kalkine MediaCOVID-19 pandemic confined everyone to their homes for the most of 2020. Going by the rulebook, social gatherings got confined to video calls, eating out no longer meant dine in and travel ban took away the joy of travel and exploration. However, wi...
