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World news
Musk's SpaceX Seeks FCC Nod For Additional Starlink Satellites
April 26, 2021 02:23 PM AEST| By Team Kalkine MediaSummary SpaceX’s Starlink has sought approval from FCC to launch another 2,824 satellites at 550km altitude. Other near-space broadband service rivals have expressed concerns that congestion of many satellites in lower orbits could .....
Muted opening for APAC markets amid mixed global cues
April 26, 2021 01:25 PM AEST| By Furquan MoharkanThe equity markets in the Asia Pacific (APAC) region witnessed a muted opening for the week on Monday morning, due to mixed global cues. Most of the APAC markets, except for Australia, New Zealand, and Indonesia, were trading marginally higher at .....
COVID-19: World comes to rescue as oxygen shortage chokes India
April 26, 2021 12:53 PM AEST| By Furquan MoharkanAs the world is witnessing a raging second wave of COVID-19 pandemic, for India – the world’s second most populous country – the monstrous virus has unleashed a tsunami. The new infections are skyrocketing at such a pace that the.....
Wall Street guarded ahead of action-packed week
April 26, 2021 11:24 AM AEST| By Furquan MoharkanThe futures of various US indices were trading marginally in red as investors braced for one of the busiest weeks of the earnings season. The futures linked to Dow 30 were down 9 basis points (bps), while those linked to S&P 500 and NASDAQ 100 w...
Capital markets will be key going forth
April 25, 2021 04:43 PM AEST| By Furquan MoharkanThe estimates of economic recovery may be sent for a toss, if COVID-19 pandemic does not relent anytime soon. While Europe is also witnessing rise in infection, it has gone out of hand in India – the world’s most populous country. Whil.....
Markets next week: Key things to watch out for
April 25, 2021 04:20 PM AEST| By Furquan MoharkanThe global equity markets were flat last week – primarily on back of mixed global cues. While COVID-19 took the sheen away from the markets, yet more than encouraging macro numbers from the some of the countries supported the markets. Here i.....
World sees 5.7 million cases in a week as COVID-19 wreaks mayhem
April 25, 2021 02:46 PM AEST| By Furquan MoharkanSummary World clocked 5.71 million new cases last week and 88,738 deaths India reports 2.17 million cases in a week and 15,142 deaths These are the worst weekly numbers since onset of pandemic The world witnessed its worst week since the .....
A Revolution in The Making: How EVs Are Stealing Oil Vehicles’ Thunder
April 25, 2021 01:00 AM AEST| By Team Kalkine MediaSummary Governments are encouraging the adoption of electric vehicles to address climate change issues. Many automakers are transitioning to the EV space. The battery industry is also evolving to support the EV space, and the plastics industry.....
On Musk's Rocket, Dogecoin Soars to Record Highs
April 24, 2021 03:01 AM AEST| By Team Kalkine MediaOn 20 April, Dogecoin soared to an all-time high near $0.42 before marginally reversing its gains. Backers of the meme cryptocurrency commemorated 20 April as 'Doge Day' after this incredible rally with #Dogeday420 trending on Twitter and Reddit. .....
How a Chinese woman’s viral video made Tesla apologise
April 23, 2021 06:49 PM AEST| By Team Kalkine MediaSummary A video went viral on Monday, showing a woman shouting complaints atop a Tesla car at Shanghai Auto Show. Elon Musk’s Tesla Inc apologised to Chinese customer for the same. For the US-based electric car making brand Tesla Inc.....
McDonald's Corp. Prices Continue to Shine, are Investors Loving it?
April 23, 2021 06:44 PM AEST| By Team Kalkine MediaSummary McDonald's Corp. (NYSE: MCD) gained 0.30% percent in the last trading session and stock prices are hovering near an all-time high. The stock price had broken an ascending triangle pattern on the daily chart and taking major support from.....
World Climate Change Summit held; Jacinda Ardern Asks Countries to Follow NZ’s Lead
April 23, 2021 01:08 PM AEST| By RomaSummary The US initiates the Climate Change meeting of the world’s leading countries. The US President promises reduction of emissions by half in 2030. Jacinda Ardern urges other nations to join the cause. Earlier today, it was repo.....
APAC shares under pressure as COVID-19, US LTCG woes weigh heavy
April 23, 2021 11:33 AM AEST| By Furquan MoharkanThe shares across the Asia-Pacific (APAC) region opened in red on Friday morning, as sentiments were subdued due to the multiple global concerns. Australian benchmark index ASX 200 opened in red and was trading 24 basis points (bps) lower, at the .....
Technical Alert: IBM Successfully Pierces Through its Price Resistance
April 22, 2021 07:21 PM AEST| By Team Kalkine MediaSummary International Business Machines Corp (NYSE: IBM) gained 3.90% percent in the last trading session. Post breaking out of a crucial resistance level the stock hit a new 52-week high. The stock has broken the rising channel pattern on the.....
Are the Vaccines Working? When will Covid-19 end?
April 22, 2021 07:00 PM AEST| By Kiara KhannaThe deadly coronavirus pandemic was first reported from Wuhan, China in December 2019 and spread across the globe leaving economies of the biggest countries come to a standstill. No one had predicted what the outbreak could cost, and sadly it did c.....
SOS calls giving way to obits as COVID-19 rips through India
April 22, 2021 05:21 PM AEST| By Furquan MoharkanToday morning, I woke up to the devastating news of three fellow journalists passing away – all of them young. The trio fought a long battle with COVID-19 but succumbed to the monster virus. Among the three, I knew one personally, and other t.....
Apple launches new products, fails to impress investors
April 22, 2021 05:16 PM AEST| By Team Kalkine MediaSummary Apple Inc launched a series of new products including iPad Pro and iMac loaded with upgraded and high-tech features. Preorders can be booked from this week, and the shipments will begin later this month. US-based tech giant, A.....
SPAC IPOs top US$100 billion in 2021
April 22, 2021 02:00 PM AEST| By Furquan MoharkanSummary The IPOs through the SPAC route have raised more than US$100 billion annually There has been a huge surge in volume as well However, the average ticket size has dipped by 3.3% The initial public offerings (IPOs) through the specia.....
UiPath Share Price Leaps 23% on NYSE Debut
April 22, 2021 01:40 PM AEST| By Team Kalkine MediaSummary UiPath shares surged 23% on the New York Stock Exchange debut on Wednesday. The company and its shareholders raised US$1.3 billion in one of the biggest software IPOs in the US. The firm sold almost 24 million shares to investors at US.....
Tesla car crash sparks off a debate about self-driven car’s safety parameters
April 22, 2021 11:17 AM AEST| By RomaSummary Elon Musk reacts to the Texas car crash in a tweet. Concerns about self-driven cars’ safety spark. One of the victims identified was a Doctor. With the recent Texas car crash that involved a self-driven Tesla Car, there were.....
AI on the Rise: A Look at Top AI Companies and Their Stocks