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Amazon (NASDAQ: AMZN) Prime Day sale kicks off; 2 mn deals on offer
June 21, 2021 07:09 PM BST| By Team Kalkine MediaSummary Two-day Amazon Prime Day sale has 2 million products on offer across 20 countries. In 2020, Amazon’s Prime Day sales were up 45.2% to US$104 billion from the previous year. Macy’s, Kohl’s, Walmart, Bed, Bath & Bey.....
China intensifies crackdown on crypto mining industry
June 21, 2021 06:02 PM BST| By Team Kalkine MediaChina has intensified a crackdown on the crypto mining industry over the weekend, renewing calls to national banks and private payment platforms such as Alipay not to offer their services to cryptocurrency exchanges and miners. The Chinese authori.....
What is all the brouhaha about the Amazon Prime Day?
June 21, 2021 08:03 AM BST| By Furquan MoharkanShopping is one thing that almost everyone loves – that is when you have the purchasing power to buy things. You get to buy the things you have always wished for. It sparks a sense of instant gratification, elevating your dopamine levels. Howe...
This IPO raised over $29 billion, plus other biggest global IPOs of all time
June 21, 2021 06:00 AM BST| By SonalThe first thing that is needed to start a business is money or capital due to higher costs and inconsistent revenues initially. People can get money by putting in their own capital, raising capital by getting investors or by getting loans from banks....
Massive sell-off in APAC shares; Japanese & Australian markets in deep red
June 21, 2021 04:55 AM BST| By Furquan MoharkanThe equity markets in Asia-Pacific (APAC) region witnessed a heavy sell-off on Monday as the Federal Reserve’s hawkish stance on monetary policy continued to weigh heavily on the markets. Japan was the worst performer in the region with the Ni...
What exactly does Federal Reserve do?
June 21, 2021 04:17 AM BST| By Furquan MoharkanA country’s economy can be compared to a chariot driven by two different horses - the government and the central bank. While the government is involved in giving broader push to economy, the central bank takes the responsibility (which may, at...
What is meatless meat? Is it slowly replacing animal-based meat?
June 21, 2021 03:50 AM BST| By Tripti JoshiSummary Plant-based meat, or meatless meat, is an essential element for people who prefer a vegan diet and adopt a lifestyle devoid of animal-based foods. Plant-based meats are often low in calories and saturated fat while having high fibre and.....
Amazon Forecast to Hold Leading Ecommerce Position with Prime Day
June 20, 2021 10:01 AM BST| By Suhita PoddarSummary E-commerce retail giant Amazon is holding its annual prime day online shopping sale event on June 21. The event is expected to help the company capture over 40 per cent of total US digital sales by the end of 2021, thus retaining its le.....
EU Loses Legal Battle Against AstraZeneca to Speed Up Vaccine Deliveries
June 20, 2021 09:59 AM BST| By Suhita PoddarSummary Pharma giant AstraZeneca won a legal battle against the EU in Brussels, which would have forced the company to supply up to 120 million covid-19 vaccine doses by the end of June. The court ruled AstraZeneca can supply up to 80.2 million.....
US Markets end week in red, Dow Jones down 500 points
June 18, 2021 10:30 PM BST| By Sanjeeb BaruahBenchmark US indices closed the week in red on Friday, June 18, with Dow Jones diving to its lowest level since January, as Americans marked the Juneteenth Holiday to commemorate the end of slavery some 155 years ago. The S&P 500 was down 1.31%...
Why is it important to understand the mechanism of the Internet of Things?
June 18, 2021 03:54 PM BST| By Mohammad ZaidSummary Internet of Things is a breakthrough technology composed of various layers that facilitate interaction to produce output to enhance productivity. The industry, as well as domestic applications of IoT, have increased significantly over t.....
Global IPO market is on fire; Q1 proceeds surge 529%
June 18, 2021 03:05 PM BST| By Furquan MoharkanSummary Global IPO proceeds in Q1 surged by a whopping 529%. The total ECM activity picked up by 229%. SPAC deals have helped the cause of equity markets. The equity capital market (ECM) activity in quarter ended March 2021 touched an unp.....
APAC markets a mixed bag; commodity price swings in focus
June 18, 2021 07:59 AM BST| By Furquan MoharkanThe equity markets in Asia-Pacific (APAC) region were a mixed bag on Friday, as Bank of Japan maintained status quo over the monetary policy and investors tracked moves in the commodities space. In Japan, the Nikkei 225 closed near the flatline at t...
Why are commodity prices rising and what is its impact on inflation?
June 18, 2021 07:15 AM BST| By Furquan MoharkanThe rise in the prices in any economy gets one and all unnerved – from the government to the masses. Price rises bring down the purchasing power parity of the buyer. Simply put, it makes common man poorer in the real terms – he can now bu...
What is blockchain technology? Why is there an unbelievable hype?
June 18, 2021 04:11 AM BST| By Furquan MoharkanAs the concept of cryptocurrencies continues to gain traction across the globe, so does the talk around the blockchain technology. For some, especially the not-so-tech-savvy lot, the blockchain technology and cryptocurrency were the same. However, i...
US markets close flat as stocks slip on inflation fears
June 17, 2021 11:24 PM BST| By Team Kalkine MediaMajor US stock markets closed the session flat on Thursday, June 17, as key segments on the indices saw muted movements a day after the Federal Reserve signalled a rate hike by 2023 to curb prices. The S&P 500 was down 0.04% to 4,221.86. The Dow...
APAC shares in red after Fed signals rate hikes in 2023
June 17, 2021 03:43 AM BST| By Furquan MoharkanThe equity markets in the Asia Pacific (APAC) region were trading in red on Thursday after the US Federal Reserve signalled at preponing the hike in interest rates to 2023. The move by the Fed has cut short the record run of the benchmark Australi.....
US Federal Reserve shifts its rate hike timeline to 2023
June 17, 2021 02:38 AM BST| By Furquan MoharkanSummary The US Fed has raised the inflation expectations for this year. The central bank has brought forward the timeline for rate hikes. The Dow30 slipped in the red after the announcement. Raising the estimates for the inflation this ye.....
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US stocks dip on Fed's rate-hike plan for 2023
June 16, 2021 11:10 PM BST| By Sanjeeb BaruahBenchmark US indices closed lower on Wednesday, June 16, after the Federal Reserve signalled that it might consider increasing the interest rates in 2023 if the inflationary pressures do not ease. The S&P 500 was down 0.54% to 4,223.70. The Dow...
Crude oil rises 44% YTD, stoking up inflationary pressure
June 16, 2021 08:10 AM BST| By Furquan MoharkanThe prices of brent crude have surged by 44% in the calendar year 2021, which has been adding to the inflationary pressure across the economy. Brent crude oil prices, as on date, stand at US$74.62 a barrel, compared with US$51.8 a barrel on close of...
