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US stock indices slip into red amid mixed cues
July 30, 2021 10:17 PM BST| 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...
Big Tech: How did these five companies worth US$9.25 trillion fare in June quarter?
July 30, 2021 03:20 PM BST| 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 30, 2021 03:10 PM BST| 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 30, 2021 03:07 PM BST| 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 30, 2021 03:05 PM BST| 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.....
Chinese tech stocks drag APAC markets back in red
July 30, 2021 06:01 AM BST| 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...
US stocks advance on GDP data, economy outlook
July 29, 2021 10:50 PM BST| 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...
APAC markets in green as Hong Kong shares snap losing streak
July 29, 2021 07:18 AM BST| By Furquan MoharkanHaving been battered earlier this week, Hong Kong stocks rebounded today after a comforting statement from the Chinese market regulator. Meanwhile, equity markets in Asia-Pacific also rose after the US Federal Reserve left its benchmark interest rate...
What is value-based pricing in healthcare?
July 29, 2021 05:10 AM BST| By Tripti JoshiSummary Value-based pricing in the healthcare sector can offer patients access to better health services and treatments at a lower cost. In healthcare value-based pricing, the value of relevant drugs, components or services is identified, measu.....
Big Tech crushes earnings estimates: How have their shares reacted?
July 29, 2021 05:06 AM BST| By Furquan MoharkanThree big tech companies – Apple Inc (NASDAQ:AAPL), Microsoft Corporation (NASDAQ:MSFT), and Alphabet Inc (NASDAQ:GOOG) – with a combined worth of over US$5 trillion, announced their second quarter results on Tuesday. All the three compa...
Bitcoin hits US$40,000; how high can it go in 2021?
July 29, 2021 03:03 AM BST| By Furquan MoharkanBitcoin, Ethereum and Ripple coins - largest cryptocurrencies by market capitalisation. When the world’s largest cryptocurrency – Bitcoin -- crashed below the US$30,000-mark on 20 July 2021, no one would have thought that it would...
Nasdaq edges up on tech earnings boost
July 28, 2021 10:49 PM BST| By Sanjeeb BaruahThe tech-heavy Nasdaq Composite Index closed higher on Wednesday, July 28, a day after big technology companies like Google, Apple, and Microsoft posted strong quarterly earnings, while the blue-chip S&P 500 and the Dow Jones saw small gains in a...
How have cryptocurrencies turned around since Musk’s U-turn?
July 28, 2021 08:41 AM BST| By Furquan MoharkanAfter the world’s largest cryptocurrency – Bitcoin – crashed below the US$30,000 mark, analysts started giving their verdict on its future direction. There were two schools of thought at that point in time: one argued that Bitcoin...
Explaining Project Pegasus: What you need to know about snooping right under your nose
July 28, 2021 05:06 AM BST| By Furquan MoharkanLast week, when the Project Pegasus news story was broken by a consortium of media houses across the world, many were left flabbergasted. The shock wasn’t because of the way the espionage was conducted. In the intelligence gathering circles, a...
Multiple Hong Kong indices dip in bear zone
July 28, 2021 02:24 AM BST| By Furquan MoharkanMultiple indices on the Hong Kong Stock Exchange (HKEX) have crashed deep into the bear zone as China continues its purge on tech companies – most of which are listed on the HKEX. Two indices in particular – Hang Seng Tech Index and Hang...
US indices slip, weighed down by technology, consumer stocks
July 27, 2021 11:01 PM BST| By Sanjeeb BaruahBenchmark US indices drifted from their recent gains on Tuesday, July 27, dragged down by technology and consumer stocks, even as Q2 earnings reports of big companies trickled in. The S&P 500 fell 0.47% to 4,401.46. The Dow Jones shed 0.24% to 3...
Lending before COVID-19 was sub-par: This is what write-offs across APAC convey
July 27, 2021 09:57 AM BST| By Furquan MoharkanRight from the start of the pandemic, rating agencies and experts had warned that bad loans will see a surge – a fact that holds true when incomes get truncated in the face of a once-in-a-century pandemic. However, along with the expected surg...
APAC markets a mixed bag; HK tech sell-off continues
July 27, 2021 05:25 AM BST| By Furquan MoharkanThe equity markets in Asia Pacific region traded mixed on Tuesday, as tech shares in Hong Kong continued to be under pressure from investors. On Tuesday morning, shares of Chinese tech giant Tencent – which faced regulatory action by the Chi.....
Earnings on tap for Big Tech: What to expect
July 27, 2021 04:18 AM BST| By Furquan MoharkanOn Tuesday, after the market close, three of the top four most-valued companies in the US – Alphabet, Microsoft, and Apple – would announce their quarterly results. The collective valuation of these three companies is over US$4 trillion....
Tesla races past a milestone, hits US$1 billion in revenues for first time
July 27, 2021 01:33 AM BST| By Furquan MoharkanAmerican electric vehicle maker Tesla Inc (NASDAQ:TSLA) has breached the US$1 billion mark in the quarterly earning for the first time in its history. The company overnight reported a net profit of US$1.14 billion for the quarter ending 30 June 2021...
