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US stocks end lower after retail sales boost
July 16, 2021 10:14 PM BST| By Sanjeeb BaruahBenchmark US indices closed the week lower on Friday, July 16, as losses in cyclical stocks eclipsed the gains in growth stocks after the commerce department said retail sales rose marginally in June. The S&P 500 was down 0.75% to 4,327.16. The...
Ranked: Top five dotcoms raking in the highest revenues
July 16, 2021 07:35 PM BST| By Furquan MoharkanBack in 1990s, the mania around the dotcom businesses had gripped the globe. The mania was so extreme that between 1995 and 2000, the tech-heavy Nasdaq Composite index rose by an astounding 400%. The index’s price to earnings (PE) ratio soared...
Are these 10 global technology companies poised to grow in FY21?
July 16, 2021 08:58 AM BST| By ManikaSummary For technology companies, numbers don’t matter that much. The cutting-edge technology is what makes investors interested about them. There are many cloud-based companies poised to do well in FY21. For technology stocks.....
Fitness firm F45 starts trading on NYSE; raises US$325 million via IPO
July 16, 2021 07:52 AM BST| By Team Kalkine MediaF45 Training Holdings Inc, a global fitness company, rolled out its initial public offering (IPO) yesterday on the New York Stock Exchange (NYSE) at a market value of US$1.6 billion. The company listed its shares for trading under the ticker symbol.....
S&P, NASDAQ retreat as growth stocks slip
July 15, 2021 10:54 PM BST| By Sanjeeb BaruahThe blue-chip S&P 500 and tech-heavy NASDAQ Composite closed lower on Thursday, July 15, weighed down by technology, energy, and consumer discretionary stocks after positive labor data. The S&P 500 fell 0.33% to 4,360.03. The Dow Jones was u...
Riding high: How space tourism sector is warming up
July 15, 2021 11:03 AM BST| By Suhita PoddarSummary The space tourism sector saw record breaking growth in 2020 as investors invested almost US $9 billion into the private companies. US-based Space Adventures transported seven space tourists to international space station between 2001 an.....
APAC countries churn out a mixed bag of macro numbers
July 15, 2021 06:45 AM BST| By Furquan MoharkanSummary China reports a massive dip in its GDP growth. Australia’s unemployment rate falls below 5%. It marks Eight consecutive month of job market improvement is Australia The countries in the Asia Pacific (APAC) region came up wit.....
APAC markets open mixed in wake of Powell’s dovish comments
July 15, 2021 05:10 AM BST| By Furquan MoharkanWith macros in focus, the equity markets across the Asia Pacific (APAC) region were a mixed bag on Thursday morning. The APAC markets followed the trend set by Wall Street overnight. The S&P 500 advanced by 12 basis points to 4,374.30, while the...
US stocks edge higher on Powell's dovish testimony
July 14, 2021 10:43 PM BST| By Sanjeeb BaruahBenchmark US indices closed higher on Wednesday, July 14, after Fed chief Jerome Powell reiterated at a Congressional hearing that inflation is transitory and the economic recovery is on the right path. The S&P 500 was up 0.12% to 4,374.30. The...
Which are the world’s top 10 stock exchanges based on market cap?
July 14, 2021 10:30 AM BST| By Furquan MoharkanGlobal stock markets seem to have been on steroids since April 2020. After touching a multi-year low in March 2020, thanks to COVID-19 woes, equity markets across geographies bounced back – and in a very sharp manner. The surge in stocks has h...
Are these the 10 hottest electric vehicles of 2021?
July 14, 2021 07:49 AM BST| By Jasmine AnandSummary Increased levels of greenhouse gas emissions are severely impacting the environment. With growing awareness, governments of many nations are urging people to move towards more climate-efficient and cost-effective electric vehicles. Peo.....
APAC markets mixed as US inflation overshoots expectation
July 14, 2021 03:43 AM BST| By Furquan MoharkanThe equity markets in the Asia Pacific (APAC) region were a mixed bag on Wednesday as a faster-than-expected rise in US retail inflation dampened investor sentiments. In far east Japan, the Nikkei 225 slipped 21 basis points while the Topix index .....
Chinese firms in US in soup over alleged abuse of Uyghur Muslims
July 14, 2021 03:42 AM BST| By Furquan MoharkanThe businesses with supply chain and investment ties to China’s Xinjiang province face potential legal consequences in the US, owing to increasing proofs of genocide and human right abuses in the north-western region of the world’s most p...
US stocks close flat on inflation data
July 13, 2021 10:53 PM BST| By Sanjeeb BaruahUS stocks traded flat on Tuesday, July 13, after the latest government data showed that inflation surged at an annual rate of 5.4% in June, the highest in 13 years, amid a strong economic rebound. The S&P 500 was down 0.35% to 4,369.21. The Dow...
Walmart’s Indian arm raises US$3.6 billion in mega funding round
July 13, 2021 10:02 AM BST| By Furquan MoharkanSummary Walmart’s India arm raises US$3.6 billion in fresh funding round. The funding pegs the valuation of e-tailer at US$37.6 billion. Another major highlight of the funding round is the re-investment of Japan’s Softbank into the.....
COVID-19 is resurging: How effective can vaccines be?
July 13, 2021 08:34 AM BST| By Furquan MoharkanSummary The COVID-19 virus is resurging through two new variants. In Australia, the weekly fresh infections have started showing a double-digit surge. Vaccines drastically reduce the impact of the new variants, according to WHO. The COVID.....
APAC markets open in green; China’s trade data in focus
July 13, 2021 05:08 AM BST| By Furquan MoharkanThe equity markets across the Asia Pacific region on Tuesday consolidated yesterday’s gains, as investors keenly watched out for China’s trade data for the month of June – released today. In Mainland China, the Shanghai composite.....
Branson steals the march on Bezos in billionaires’ space race
July 13, 2021 01:18 AM BST| By Furquan MoharkanSummary Richard Branson has beaten Jeff Bezos to the punch in billionaires’ space tourism race. With a price tag between US$200,000 to US$250,000 per ticket, an advance sale of about 600 tickets from 60 different countries has already bee.....
US stocks close higher as focus shifts to quarterly earnings
July 12, 2021 10:56 PM BST| By Sanjeeb BaruahAll major US stock markets closed higher on Monday, July 12, ahead of the quarterly earnings reports and new economic data due to be released this week. The S&P 500 was up 0.35% to 4,384.63. The Dow Jones rose 0.36% to 34,996.18. The NASDAQ Comp...
Hot electric car stocks for 2021
July 12, 2021 10:39 AM BST| By Team Kalkine MediaSummary The electric vehicle market is expected to see a more extensive progression in 2021, post-pandemic. The strong government support for passenger EV’s and commitments for lower vehicular emissions are behind its rising demand. Almo.....
