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Can Fed rate hikes impact emerging markets?
February 05, 2022 01:52 PM GMT| By AshishHighlights Kristalina Georgieva, managing director of the IMF, recently said interest rate hikes by the Fed could have an impact on global recovery. She feared that escalated interest rates in the US could make repayment costlier for econom.....
Volvo, Northvolt to build US$3.3-bn battery gigafactory in Sweden
February 05, 2022 12:27 AM GMT| By Rupam RoyHighlights The plant’s construction, which includes an R&D center, will begin next year. The batteries for Volvo and Polestar models are expected to start in 2025. The new facility would create 50-gigawatt-hour (GWh) of battery c.....
S&P, Nasdaq rise after Amazon.com Inc (AMZN) earnings, jobs report
February 04, 2022 10:53 PM GMT| By Team Kalkine MediaThe S&P 500 index and Nasdaq Composite closed in the green, while Dow Jones marginally declined on Friday, February 4, after Amazon’s strong earnings and positive jobs report. The S&P 500 rose 0.52% to 4,500.53. The Dow Jones fel...
Is Meta Platforms’ (FB) US$250-bn loss biggest wipeout in US history?
February 04, 2022 07:58 PM GMT| By Versha JainHighlights Meta Platforms, Inc. (FB) lost around US$250 billion in market value in a single day. The Dow Jones US Technology Total Stock Market Index’s total YTD decline widened to 10.97% after the stock rout. Meta&.....
Snap Inc (NYSE: SNAP) nixes iPhone privacy fears - answer to Meta woes?
February 04, 2022 04:58 PM GMT| By Rupam RoyHighlights Snap Inc forecasts revenue of US$1.03 billion to US$1.08 billion in Q1, FY22. It expects daily active users to be in the range of 328 million to 330 million. The company reported its first positive net income since its IPO in March .....
Amazon (AMZN) rides Rivian stake to US$14.3-bn profit, raises membership fees
February 04, 2022 12:38 AM GMT| By Sanjeeb BaruahAmazon.com Inc (AMZN) on Thursday posted a fourth-quarter profit of US$14.3 billion, boosted by a pre-tax gain from its stake in electric vehicle maker Rivian Automotive. The stock rose as much as 15% in the after-market hours after dipping nearly.....
US stocks close in red after Meta (FB) rout, Zuckerberg loses US$29 bn
February 03, 2022 11:00 PM GMT| By Versha JainBenchmark US indices closed in the red on Thursday, February 3, after Mark Zuckerberg-led Meta Platforms, Inc lost roughly US$200 billion in market value in a massive stock rout. Shares of other tech companies, such as Amazon.com, Google, and Spotif...
What is NFT? How to create and sell?
February 03, 2022 05:14 PM GMT| By Versha JainNon-fungible tokens (NFT) shot into the limelight after some of them were sold at eye-popping price tags, showing their enormous earning potential. For instance, Beeple sold an NFT titled "Everyday: The First 5000 Days" for an astounding US$.....
Jeff Bezos gets Dutch bridge dismantled to make way for his yacht
February 03, 2022 02:12 PM GMT| By Sanjeeb BaruahAmazon.com, Inc (AMZN) founder Jeff Bezos is bearing the cost of taking apart a historic Dutch bridge so his US$485-million superyacht can pass, it was revealed this week. Rotterdam officials agreed to dismantle the steel Koningshaven bridge that .....
Can McDonald's (MCD) influence food companies to enter metaverse?
February 01, 2022 02:27 PM GMT| By Rupam RoyFast-food chain McDonald's Corporation is celebrating the Chinese Lunar New Year with a specially created Metaverse-themed VR exhibition inspired by Zodiac signs. McDonald's on Tuesday greeted the citizens with a metaverse-themed exhibition as the.....
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Global inflation pressures may ease in next 12-18 months, says OECD
February 01, 2022 09:33 AM GMT| By Team Kalkine MediaHighlights Global inflation pressures would ease over the next 12 to 18 months, as per the OECD. The OECD sees rebalancing of the global demand and supply equation. Global economy has recovered well after being hit badly by COVID-19 pandemic. .....
Everything you need to know about Winter Olympics 2022
January 31, 2022 09:29 AM GMT| By Toshiva JainThe Winter Olympics 2022 is set to take place in Beijing this year. The sports gala begins on February 4 and will end on February 20. As the date of the long-awaited winter sports matches comes closer, there is a list of questions the world citizen.....
Why are businesses moving out of Myanmar?
January 28, 2022 02:10 PM GMT| By Toshiva JainSince February 2021, a lot has been happening in Myanmar. As the world collectively fights the Covid-19 pandemic, this third world country has another life-threatening war going on. Last year, in February, the military took over the country in its .....
Keppel posts ‘highest in six years’ profit of SG$1.02 billion
January 28, 2022 10:37 AM GMT| By Priyanka PayalHighlights Keppel Corporation posts a net profit of SG$1.02 billion for the entire year ended 31 December 2021. The conglomerate has proposed a final cash dividend of 21.0 cents per share. Keppel’s announcement also includes a share-buyb.....
Bentley all set to go electric!
January 27, 2022 09:45 AM GMT| By Sonal GoyalHighlights Bentley Motors has reaffirmed that by 2050, the company will go completely electric. Bentley will be launching five EVs staring in 2025. The company will be investing around 2.5 billion pounds over the next decade for the “gam.....
A journey into the future: How the world may look like in 2050
January 25, 2022 02:07 AM GMT| By Aditi SahaHighlights Over the next few years, the number of smart cities around the world is predicted to explode. By 2050, smart cities will be home to 70% of the world's population. City: 2050 will be modernised, technologically advanced, and will mak.....
What is Twitter’s new feature about NFT and profile picture?
January 21, 2022 05:29 AM GMT| By Jasmine AnandHighlights Twitter comes up with a new feature, allowing its users to display their NFTs as their profile pictures. New NFT avatars would appear in a hexagonal border instead of a circle. At present, the service is extended to Twitter Blue sub.....
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US stocks retreat for third straight day on inflation woes
January 20, 2022 10:31 PM GMT| By Versha JainUS stocks closed in a sea of red on Thursday, January 20, as investors paused their bullish bets amid mixed signals from the economy. The S&P 500 fell 1.10% to 4,482.73. The Dow Jones declined 0.89% to 34,715.39. The NASDAQ Composite was down 1....
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What led to Grayscale Bitcoin Trust’s (GBTC) record-high discounts?
January 20, 2022 06:39 AM GMT| By Jasmine AnandHighlights Grayscale Bitcoin Trust, a popular crypto fund, has been witnessing steep discounts in the trading of its share. GBTC’s discount has reached 26.5%, the highest in the last 12 months. Some of the reasons for the same can .....
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US stocks edge lower as technology, financial sectors slip
January 19, 2022 09:35 PM GMT| By Rupam RoyBenchmark US indices drifted lower at the close on Wednesday, January 19, dragged down by losses in technology and financial sectors amid a choppy trading session. The S&P 500 was down 0.97% to 4,532.76. The Dow Jones fell 0.96% to 35,028.65. Th...
