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World news
Bitcoin Continues to Zoom, Gold Investors Left Behind?
February 15, 2021 07:20 PM AEDT| By Kunal SawhneyBitcoin prices are going through the roof again with the digital currency reaching a record high of over USD 49K on 14 February 2021. So far, investors have been negatively correlating the digital asset with gold. However, the recent performance of...
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What is BNY Mellon’s latest initiative into the crypto world?
February 15, 2021 01:18 PM AEDT| By Team Kalkine MediaThe geopolitical environment around the cryptospace is getting spiced up day by day with a plethora of information emerging in the market. After developments like a bill proposed by the Indian government to ban the currency, many positive news or sen...
Disney nets 146 million paid subscribers in Q4
February 15, 2021 12:24 AM AEDT| By Team Kalkine MediaSource: Marko Aliaksandr, Shutterstock Summary The Walt Disney company revealed its December quarter results with Disney+ subscriptions being the major source of revenue during the quarter. The company reported that the total paid subscri...
Shopify, Walmart to Report Q4 Earnings Next Week: What to Expect
February 14, 2021 05:47 PM AEDT| By Hina ChowdharyShopify Inc. (NYSE: SHOP) and Walmart Inc. (NYSE: WMT) are expected to report their fourth-quarter earnings next week. Both the companies were expected to have performed relatively well in the quarter, supported by their increased online sales volu.....
Q4 Earnings Show Market Resilience, Positive Growth
February 14, 2021 04:32 PM AEDT| By Kunal SawhneyAs one-third of the fourth-quarter earnings season already behind us, markets would be looking forward to ending the remaining period with a positive note. Most of the big companies, at least on the heavyweight S&P 500 index, have either beaten.....
Trump Escapes Conviction, Leaving Door Open for 2024 Run
February 14, 2021 03:28 PM AEDT| By Team Kalkine MediaFormer US President Donald Trump escaped conviction in a Senate vote on Saturday on charges of inciting insurrection on the Capitol Hill, leaving the door open for another run in the 2024 elections. The sentencing motion was defeated in 57 guilty .....
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Three financial strategies for all single men or women
February 14, 2021 02:49 AM AEDT| By Hina ChowdharyAre you a single man or woman? If yes, have you financially secured your future? Worries would be less for those who have secured their financial future. And for others, it’s time for a serious rethink. Since single people are sole financial .....
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Bloomberg Commodity Index hits a 26 month-high after demand growth surged
February 14, 2021 01:43 AM AEDT| By Kunal SawhneyThe Bloomberg Commodity Index continues to recover as it rocketed to a 26-month high of USD84.05 on 9 February 2021. The Bloomberg commodity index incorporates 23 commodity futures, and all were trading at an all-time low during April 2020. The co.....
Banning BBC another nail in the coffin of UK-China relations
February 13, 2021 09:28 PM AEDT| By Team Kalkine MediaFollowing the UK’s media watchdog Ofcom decision to disallow China Global Television Network to broadcast in the UK, the Chinese authorities on Thursday banned the BBC from being aired in its country. The Chinese governm.....
US Markets End Week With Modest Gains; Disney Revenues Up 22%
February 13, 2021 12:45 PM AEDT| By Kunal SawhneyUS stock markets ended the week with modest gains on Friday after the Biden administration announced that more COVID vaccines are on the way and positive sentiment over the central bank’s efforts to contain any potential risk to the economy. .....
Tesla's (NASDAQ:TSLA) Chinese New Year Software Update Includes TikTok
February 13, 2021 03:17 AM AEDT| By Hina ChowdharyIn the essence of Chinese New Year, which falls on Friday, February 12, Tesla Inc (NASDAQ:TSLA, TSLA:US) has unveiled a new software update in China that contains social media app TikTok. Tesla China’s 2021.04.05 Software Update also include.....
How PepsiCo wrapped up an uncertain year?
February 13, 2021 12:15 AM AEDT| By Team Kalkine MediaPepsiCo, Inc. recently released full-year and last quarter results. The consumer goods business clocked full-year revenue growth of 4.8%, while fourth-quarter revenue was up 8.8%. FX impact for the full-year negative 2%. Source: PepsiCo NY.....
Bumble Explodes on the Market with Bumper IPO
February 12, 2021 02:08 PM AEDT| By Team Kalkine MediaBumble Inc., which runs the female-centric dating app Bumble, went public on 11 February 2021. The company had priced its IPO at USD 43 a share, above the expected range. However, the stock started trading up around 77% at USD 76 per share in its .....
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Macquarie Group raised €1.6 billion for second stage global renewable funds
February 12, 2021 01:25 PM AEDT| By Team Kalkine MediaThe world’s leading infrastructure investor, Macquarie Group Ltd has raised €1.6 billion as a part of second stage global renewable funds. The fundraising is backed by the worldwide transition towards green energy projects. The demand fo.....
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US Stock Markets End Mixed; Can Indices Hold Onto Weekly Gains?
February 12, 2021 08:38 AM AEDT| By Team Kalkine MediaUS stock markets ended Thursday’s session on a mixed note, but investor sentiment remained high with positive encouragement from labour data and expectations of better economic growth in 2021. The S&P 500 edged up by 0.17% to 3916.38. Th.....
Ruling Against SK Innovation: Will It Impact EV Plans of Major Automakers
February 12, 2021 12:53 AM AEDT| By Hina ChowdharyAutomakers such as Ford Motor Co. and Volkswagen might witness disruption in the supply of batteries for their electric vehicles (EV) as the US International Trade Commission banned battery maker SK Innovation Co (KRX: 096770) for stealing tra.....
Tomocredit To Offer Credit Cards to People with Poor or No Credit History
February 12, 2021 12:50 AM AEDT| By Kunal SawhneySan Francisco-based start-up TomoCredit is looking to disrupt the market by offering a next-generation credit card to borrowers with no credit history. The credit card start-up is backed by Barclays and KB Investment and will offer credit card to n.....
‘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.....
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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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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 .....
AI on the Rise: A Look at Top AI Companies and Their Stocks