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Second high-profile exit: Another Tesla veteran quits
June 08, 2021 01:58 AM BST| By Furquan MoharkanSummary Tesla veteran Jerome Guillen quits the EV maker. Move comes just three months after he was appointed the head of trucking business. He is the second top executive to quit in less than two months. Jerome Guillen – a veteran a.....
US Stocks Start Week On Hesitant Note As Blue-Chips Retreat
June 07, 2021 11:30 PM BST| By Sanjeeb BaruahBenchmark US indices began the week with a subdued note on Monday as investors returned to a new trading session following their weekend break. The S&P 500 was down 0.08% to 4,226.52. The Dow Jones Industrial Average declined 0.36% to 34,630.24....
Role of mRNA vaccines in combating COVID-19: Pros & Cons
June 07, 2021 06:29 AM BST| By Tripti JoshiSummary Scientists have been examining messenger RNA (mRNA) vaccines for decades and have gained attention as an important way to tackle COVID-19. mRNA is a type of ribonucleic acid (RNA) necessary for protein production in the body. Despite t.....
Tesla pulls the plug on Model S Plaid Plus plan
June 07, 2021 05:57 AM BST| By Furquan MoharkanAmerican electric vehicle maker Tesla Inc (NASDAQ:TSLA) has officially cancelled the most expensive variant of its flagship sedan – the Model S Plaid Plus. “Plaid+ is canceled. No need, as Plaid is just so good,” tweeted Tesla CEO...
APAC markets mixed as China trade data misses estimates
June 07, 2021 05:15 AM BST| By Furquan MoharkanSummary APAC markets are a mixed bag after China trade numbers missed the estimates. China and Australia are trading in the red. Japan and Korea are in the green. The markets across the Asia Pacific (APAC) region were mixed on Monday morn.....
How is virtual reality transforming the healthcare sector?
June 07, 2021 03:19 AM BST| By Tripti JoshiSummary Virtual reality (VR) in the healthcare sector is in a nascent stage. However, it is gaining popularity as many healthcare organizations have started implementing virtual reality. VR solutions allow both patients and healthcare professio.....
What is PMI and why is it important?
June 07, 2021 02:03 AM BST| By Furquan MoharkanThe Purchasing Managers’ Index (PMI) has been in news all through the last two weeks. Many countries across the world released their PMI numbers for the month of May – which determined the trend in their stock markets. So, what is PMI?...
G7 Group Strikes Deal On Taxing Multinationals
June 06, 2021 08:33 AM BST| By Raza NaqviIn an unprecedented move on Saturday, June 5, the Group of Seven (G7) countries struck a historic deal to overhaul international laws stopping corporate tax avoidance by large multinational companies.Under the new agreement put forward by the Finan.....
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Which are the three best-performing stock indices this year?
June 05, 2021 03:36 PM BST| By Furquan MoharkanThe stock markets across the globe have continued the last year’s bull-run in 2021. Most markets across the globe have seen huge wealth creation for investors, as global liquidity continues to remain high. Many experts are certain that this bul...
US Markets End Week On High Note As Tech Stocks Roar Back
June 04, 2021 10:29 PM BST| By Sanjeeb BaruahBenchmark US indices closed the week on a high note on Friday, June 5, as all segments saw broad gains led by bluechip technology stocks and reassuring labor data helped shed investors’ concerns over the recent uncertainties in the markets. Th...
How Will Norton’s New Mass Crypto Mining Feature Impact the Environment?
June 04, 2021 11:59 AM BST| By Suhita PoddarSummary Global cyber safety firm Norton announced the introduction of a new feature Norton Crypto to help users mine cryptocurrencies safely. This is the first time a cyber safety company has launched this feature. Critics have argued mass coi.....
APAC markets in green; ASX200 up 0.37%
June 04, 2021 06:15 AM BST| By Furquan MoharkanSummary APAC markets have been unaffected by Biden ban China markets among top performers in the region Australia markets continue winning streak for 4th day in a row. The equity markets across the Asia Pacific (APAC) region were mostly .....
Biden bans US investments into 59 Chinese firms
June 04, 2021 04:46 AM BST| By Furquan MoharkanSummary Biden bars American from investing in 59 more companies. The US president has signed an executive order to this effect. Trump had already banned 48 companies. US President Joe Biden on Thursday prohibited American entities from in.....
How does a meme stock work?
June 04, 2021 03:34 AM BST| By Furquan MoharkanGameStop, AMC Theatres, Nokia, BlackBerry Enterprise, Reddit, Robinhood application icons grouped in Meme Stocks folder on smartphone. If 2020 was a year of unprecedented bull run, 2021 would be remembered as the year of memes – a year when me...
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US Stocks Retreat, Weighed Down By Bluechip Stocks
June 03, 2021 10:40 PM BST| By Sanjeeb BaruahUS stock markets closed lower on Thursday, June 3, dragged down by bluechip stocks as investors waited for the latest economic data from the Labor Department in a lacklustre session. The S&P 500 shed 0.36% to 4,192.85. The Dow Jones dropped 0.07...
APAC markets trade in green; ASX200 jumps 0.71%
June 03, 2021 07:11 AM BST| By Furquan MoharkanSummary Markets in green as investors react to data from Australia and China. South Korean markets are the outperformers. Thai and Hong Kong markets are in the red. The equity markets in Asia Pacific (APAC) region were mostly trading in t.....
Did Mudrick Capital rush into selling AMC shares?
June 03, 2021 04:03 AM BST| By Furquan MoharkanSummary Meme stock, AMC Entertainment Holdings is once again in news as company raises US$230 million. Mudrick Capital Management, L.P. flips shares post the private placement. Is long-term investing a passe? On Tuesday, AMC Entertainment.....
The new economy: 6 ways how the coronavirus has changed the global economy
June 03, 2021 02:25 AM BST| By Team Kalkine MediaSummary The lockdown period has brought about many necessary innovations and realizations pertaining to better and more efficient ways to conduct business. The COVID-19-led lockdowns have accelerated this trend as companies have been forced to .....
Why AMC shares doubled in one session
June 03, 2021 02:16 AM BST| By Furquan MoharkanThe shares of American movie theatre chain AMC Entertainment Holdings Inc (NYSE:AMC) almost doubled in just one trading session as Reddit-driven frenzy continued to grip the retail investors. The shares of the company closed at US$62.55 each in Ne.....
How did US stocks perform on Wednesday?
June 02, 2021 11:13 PM BST| By Team Kalkine MediaBenchmark US stock indices saw muted gains on Wednesday, although the segments broadly remained subdued as investors took cues from the recent spike in oil prices and inflation data. The S&P 500 was up 0.14% to 4,208.12. The Dow Jones rose 0.07%...
