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Fitness firm F45 starts trading on NYSE; raises US$325 million via IPO
July 16, 2021 04:52 PM AEST| 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 16, 2021 07:54 AM AEST| 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...
APAC countries churn out a mixed bag of macro numbers
July 15, 2021 03:45 PM AEST| 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 02:10 PM AEST| 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 15, 2021 07:43 AM AEST| 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 07:30 PM AEST| 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 04:49 PM AEST| 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 12:43 PM AEST| 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 12:42 PM AEST| 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 14, 2021 07:53 AM AEST| 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 07:02 PM AEST| 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 05:34 PM AEST| 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 02:08 PM AEST| 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 10:18 AM AEST| 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 13, 2021 07:56 AM AEST| 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 07:39 PM AEST| 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.....
APAC markets open in green; investors watchful of COVID-19 scenario
July 12, 2021 10:59 AM AEST| By Furquan MoharkanThe equity markets in the Asia Pacific region seem to have thwarted the bears that gripped the markets on Friday. The regional indices opened in green on Monday morning as investors have started monitoring the COVID-19 situation locally. In Japan,.....
What is ransomware, and how to stop such attacks?
July 12, 2021 10:40 AM AEST| By Sonal SinhaRansomware is an evolving form of malware that encrypts files on the device, making the files and the systems relying on them useless. Once this process is complete, the malicious users ask the owner of the system and files to pay a ransom to decry.....
Will Google’s latest hybrid policies lead to a global employee unrest?
July 12, 2021 09:38 AM AEST| By RomaSummary Discontent amongst Google employees, unfair policies to blame September to mark the commencement of a hybrid working situation Salary cuts and workplace shifting creating chaos in people’s work-life balance In a recent updat.....
Cuba develops homegrown COVID-19 conjugate vaccine
July 12, 2021 09:34 AM AEST| By Tripti JoshiSummary Caribbean nation Cuba is currently working on developing five COVID-19 vaccines, including Abdala and Soberana 2. On Friday, the country authorized Abdala for emergency use. Abdala became the first Latin American vaccine against coronav.....
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