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Unemployment In Urban India Nearing Double-Digit Mark As COVID-19 Crisis Deepens
May 06, 2021 04:39 AM BST| By Furquan MoharkanIndia has been reeling under the horror of the deadly second wave of the pandemic since last few weeks now. However, this Wednesday saw the country grappling with a new low, weighed down by a gloomy set of statistics on two additional fronts. On 5 .....
Jeff Bezos sells Amazon shares worth US$2.5 billion in May
May 06, 2021 03:37 AM BST| By Furquan MoharkanThe world’s richest man, Jeff Bezos, has sold 739,032 shares of the company that he founded – Amazon Inc (NASDAQ: AMZN) – for US$2.49 billion. Source: OpenInsider. Kalkine Graphics According to the filings with the US Securiti.....
GM Expects Strong First Half; Uber Cuts Q1 Loss On Food Delivery Growth
May 06, 2021 01:44 AM BST| By Team Kalkine MediaSummary GM CEO Mary Barra said the company anticipates a strong first half with adjusted EBIT around US$5.5 billion. Uber’s gross booking in food delivery jumped 166 percent year over year to US$12.5 billion. General Motors Company (.....
Uber, Lyft Stocks Tumble As Biden Scraps Trump-Era Gig Worker Rule
May 06, 2021 12:48 AM BST| By Team Kalkine MediaSummary Defending the decision, Labor Secretary Marty Walsh said the new policy would help protect essential workers' rights. Uber was down 3.42% to US$51.18, Lyft tumbled 6.34% to US$52.63, and DoorDash declined 5.05% to US$128.39 at the marke.....
Hang Seng, ASX 200 top gainers in APAC; Taiwan indices tumble
May 05, 2021 04:28 AM BST| By Furquan MoharkanSummary Hang Seng, ASX outperform APAC. Taiwan indices are the worst-hit. China, Japan markets remain closed on Wednesday. Australian benchmark index ASX200 and Hong Kong’s Hang Seng Index were the largest gainers in the Asia-Pacifi.....
High-decibel chorus for national lockdown fails to sway Modi
May 05, 2021 04:23 AM BST| By Furquan MoharkanThe calls for nationwide lockdown in India have gained momentum as surging COVID-19 cases and deaths have shattered the country and crippled its health care system. However, Indian Prime Minister Narendra Modi seems to be looking the other way and .....
10 Things to Know About Digital Artwork and NFTs
May 04, 2021 06:00 PM BST| By Team Kalkine MediaSummary NFTs are the latest craze in the investment sphere with many turning to the unconventional tool to keep as a collectible. Big brands have associated themselves with the investment tool, more so to use it as a marketing device. NFTs may.....
Why Commodities Index Hit at A Nine-Year High
May 04, 2021 08:07 AM BST| By Team Kalkine MediaSummary The Bloomberg commodity spot index surged to nine-year high levels amid robust economic recovery. Almost all the commodities are rallying as the economic rebound bolstered their demand. The commodity prices recovered significantly from.....
Unemployment In Urban India Nearing Hit Double-Digit Mark As COVID-19 Crisis Deepens
May 04, 2021 07:16 AM BST| By Furquan MoharkanThe chances of economic recovery in the world’s second-most populous country – India – look bleak as the unemployment rate in the urban centres in India has touched its highest level in almost eight months – nearing a double.....
It’s splitsville for the Gates: Bill, Melinda end 27-year marriage
May 04, 2021 04:30 AM BST| By Team Kalkine MediaMicrosoft co-founder and the world's fourth wealthiest person, Bill Gates and his wife Melinda have mutually decided to end their 27-year-long marriage. On Monday, they announced their split on Twitter through identical tweets. A glimpse into what.....
Mixed opening for APAC markets; Japan, China and Thailand on holidays
May 04, 2021 04:06 AM BST| By Furquan MoharkanThe Asia-Pacific markets were showing mixed trends on Tuesday, even as three major markets – China, Japan, and Thailand – are closed on account of respective national holidays. South Korea’s KOSPI was down 14 basis points despite.....
Warren Buffett Names Greg Abel As His Successor at Berkshire Hathaway
May 04, 2021 12:55 AM BST| By Team Kalkine MediaSummary The 90-year-old business mogul said in a TV interview that if he were to step down, Mr. Greg Abel would take over reins. Buffett, who has been the CEO of the company since 1965, had first discussed the succession plan in a letter to sha.....
Pressure to waive off vaccine IP rights increases as COVID-19 cases continue to rise
May 03, 2021 07:29 AM BST| By Team Kalkine MediaSummary With the surmounting COVID-19 cases, the developing countries are demanding patent exemptions on items, including vaccines, diagnostic kits, and ventilators, to fight the COVID-19 pandemic. The patent waiver will help emerging nations m.....
Hot EV Stocks: How have they fared in the past year?
May 03, 2021 06:04 AM BST| By Team Kalkine MediaSummary Electric Vehicle (EV) is the booming sector and offers a huge opportunity for the investors. The shift towards sustainable development is pushing the EV sector. The companies across the globe EV and allied sectors have grown tremendous.....
Warren Buffett roots for retained earnings, rues Apple share sale
May 03, 2021 03:58 AM BST| By Furquan MoharkanAce investor and billionaire Warren Buffett has batted for the importance of retained earnings at a time when more and more investors are pitching for increased capital allocation towards the shareholders. The investment maestro highlighted the ab.....
Good News For Crypto Lovers: Coinbase Allows Crypto Purchase Via PayPal
May 03, 2021 02:38 AM BST| By Team Kalkine MediaSummary Coinbase allows its customers to buy cryptocurrencies using bank accounts linked to PayPal. Coinbase’s users can purchase up to US$25,000 a day with PayPal account. The facility is currently available for US customers only. .....
Crucial events that can sway global markets this week
May 03, 2021 02:06 AM BST| By Furquan MoharkanThe rally in the global equity markets has flattened in last few months. Mixed macro numbers numbers and India’s burgeoning COVID-19 numbers are holding the rally. Last week as well, the global equity markets were flat, primarily because of t.....
Is China a major threat to US national security?
May 02, 2021 10:44 AM BST| By Team Kalkine MediaSummary China is seen as a strategic competitor by the US. US-China relations revolve around competition for global power and technology usage. Strained relations between the 2 countries could lead to cold war. Russia, Iran, extremist gro.....
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Global COVID-19 cases cross 152 million, India amongst top contributor
May 02, 2021 06:39 AM BST| By SonalSince the COVID-19 virus wreaked havoc on people's lives all over the world, nations have been struggling to fight infections that keep resurfacing due to mutations. Over 150 million COVID-19 cases have been recorded to date with the death toll cro.....
Global dealmaking is booming; and Wall Street is cashing on it
May 01, 2021 03:23 PM BST| By Furquan MoharkanThe global banks are seeing a massive surge in the revenues generated from their investment banking division as the global dealmaking is booming. European and Asian Banks, like Deutsche Bank and Nomura Holdings, have reported a surge in excess of .....
