AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
World news
Cyberpunk 2077 removed from Sony’s PlayStation Store, online buyers offered refunds
December 20, 2020 12:29 AM AEDT| By Kunal SawhneySony Interactive Entertainment (SIE) has removed the much-anticipated Cyberpunk 2077 game from the PlayStation Store. The company is now offering refunds to the customers who had purchased the game through its online stores. It happened just a week.....
Microsoft’s plan of in-house chip deals a heavy blow on Intel’s stock
December 20, 2020 12:26 AM AEDT| By Hina ChowdharyThe shares of Intel dropped significantly over 6% by the market close on 18 December 2020. The technology industry and stock market participants have been recently showing concerns over Intel’s future revenue prospects as Microsoft plans...
FDA greenlights Moderna’s COVID-19 vaccine
December 19, 2020 04:22 PM AEDT| By Hina ChowdharyFor a world striving to emerge out of COVID-19 gloom, the light at the end of the tunnel just got brighter. Adding to the hope for the future, another vaccine to prevent the coronavirus has got the green light to hit the sales counters. Just a wee.....
Tesla Share Price at Record high, EV Leader Enters S&P 500 with a bang
December 19, 2020 03:11 PM AEDT| By Hina ChowdharyTesla is breaking all records with the stock contouring another record high of USD 695.00 a share yesterday. The EV giant is now all set to see its inclusion in America’s benchmark S&P 500 stock index on Monday, i.e., 21 December 2020. I...
US banks can now buy back shares post green signal from Fed
December 19, 2020 02:26 PM AEDT| By Hina ChowdharyShare repurchases or share buybacks are heavily preferred by US companies as a part of shareholder returns. Federal Reserve has given a green signal on share repurchases by US bank for the first quarter of 2021. The decision comes after the late.....
COVID-19 blues hit Coca Cola, thousands to lose jobs
December 19, 2020 02:23 PM AEDT| By Kunal SawhneyCoca Cola has sprung to limelight after announcing its plan to lay off 2,200 workers around the globe. The Company had to take this step as a part of its restructuring plan, which was necessitated because of unpalatable COVID-19 repercussions. In .....
Cannabis Companies Tilray And Aphria Announce £2.8bn Merger
December 18, 2020 09:09 PM AEDT| By Hina ChowdharyCanada cannabis companies Aphria Inc and Tilray Inc have agreed to merge their business to form the world’s largest weed firm by sales. Tilray and Aphria have announced an all-share deal giving the new company a stock market valuation of C$4......
Ahead of an IPO, Robinhood agrees to pay US$65 million to settle SEC charges
December 18, 2020 08:47 PM AEDT| By Edita IvancevicRobinhood, a financial service company, will pay US$65 million (A$85 million) to settle the government lawsuit in regard to not disclosing full information of its dealings with high-speed traders, and also not providing the best deal prices to its .....
BarkBox set to go public via $1.6M SPAC merger
December 18, 2020 06:15 PM AEDT| By Edita IvancevicBarkBox, the start-up company that became famous for its monthly subscription service for dogs, has announced a significant US$1.6 billion merger with Northern Star Acquisition Corporation. The merger will consequently make BarkBox a public company.....
.jpg)
Ten Republican US states drag Google to court for its monopoly over ad business
December 18, 2020 03:58 PM AEDT| By Edita IvancevicTen attorneys general in the US opened another antitrust lawsuit against the search engine giant Google on Thursday. The Republican-led group of attorneys accused the multibillion-dollar company of showing monopoly behaviour in online advertisemen.....
US treasury department accuses Vietnam of currency manipulation
December 17, 2020 11:08 PM AEDT| By Hina ChowdharyThe US treasury department has accused Vietnam of manipulating the foreign exchange markets to gain an advantage to its exports. In its semi-annual currency manipulation report, the department has said that it suspects Vietnam of taking measures to.....
Freedom Foods (ASX: FNP) Hives Off Snacks and Cereals Business to Arnott’s Group
December 17, 2020 09:16 PM AEDT| By Team Kalkine MediaIn a move to boost profitability, leading Australia-based food & beverage group Freedom Foods Group Limited (ASX: FNP) is hiving off its Snacks and Cereals division for around $20 million to private equity giant KKR-backed Arnott’s Group......
.jpg)
Meet Katherine Tai, Biden’s pick for top trade diplomat
December 17, 2020 07:16 PM AEDT| By Edita IvancevicAfter the electoral college officially confirmed Joe Biden as the 46th American President, Mr Biden nominated Katherine Tai to be the next Trade Representative for the US on 10 December. However, the final decision is yet to be verified by the US .....
What are the most trustworthy COVID-19 websites?
December 17, 2020 05:40 PM AEDT| By Edita IvancevicThe coronavirus pandemic, besides having unleashed the worst health crisis in a century, also went on to prove how powerful media and fake news could be. False information regarding the novel coronavirus began to spread like wildfires, forcing Twi.....
.jpg)
Coronavirus rescue package on cards in US, markets cheer
December 17, 2020 04:41 PM AEDT| By Kunal SawhneyU.S. congressional leaders announced on Wednesday that they are working towards bringing a stimulus package of $900 billion. The COVID-19 aid bill will come as a massive relief for the Americans struggling for help. The deadline to close the negoti.....
US Fed Continues to Pump Money, Nasdaq Contours New ATH
December 17, 2020 03:04 PM AEDT| By Kunal SawhneyThe US stock market has once again ended at a record high on 16 December 2020, with S&P 500 and Nasdaq 100 both hitting their previous record highs while Nasdaq 100 even establishing a new record of 12,698.11 (intraday high). One of the primary...
Giving away billions of fortunes in charity: The McKenzie Scott way
December 17, 2020 12:57 PM AEDT| By Edita IvancevicMcKenzie Scott on Wednesday shot into limelight again after she announced to donate A$5.5 billion (US$4.2 billion) in charity in four months. Ms Scott has already given away A$2.3 billion in July. That philanthropic cause included 116 organisations.....
Zoom (NASDAQ: ZM) On an Expansion Drive, To Open R&D Centre in Singapore
December 17, 2020 02:02 AM AEDT| By Hina ChowdharyZoom Video Communications Inc. has said it would come up with a new R&D centre in Singapore which would hire hundreds of engineering staff to support its operations. The pandemic made the company a household name, which saw a meteoric rise in t.....
MSCI To Remove 10 Chinese Securities from GIMI Series Following US Order
December 16, 2020 10:56 PM AEDT| By Hina ChowdharyNew York-headquartered global securities index manager MSCI Inc announced on Tuesday that it would delete 10 Chinese securities from the Global Investable Market Index (GIMI) series after the US imposed restrictions on their ownerships. The changes.....
KBC Bank reports rise in Irish consumer sentiments in December
December 16, 2020 10:53 PM AEDT| By Kunal SawhneyConsumer sentiment in Ireland has bounced back strongly in December as the second lockdown in the country was withdrawn at the beginning of the month. KBC Bank, which maintains a consumer sentiment index for Ireland, has reported a value of 74.6 fo.....
AI on the Rise: A Look at Top AI Companies and Their Stocks