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News
What’s Facebook & Apple’s latest feud all about?
December 21, 2020 01:18 PM AEDT| By Edita Ivancevicll hurt small and middle-sized businesses that largely depend on personalised ads. Public disputes between tech giants Apple (NASDAQ:AAPL) and Facebook (NYSE:FB) are no secret, but tensions in recent days have escalated over new privacy policies...
New Zealand extends visas to meet manpower requirements
December 21, 2020 01:14 PM AEDT| By Team Kalkine MediaNZ Government has announced an extension to Working Holiday visas and Employer-assisted working visas, which comes as a breather for the hospitality industry. Coronavirus-induced border closures hit the hospitality sector hard, resulting in t.....
Alarm Bells in the UK Over new COVID-19 Virus Mutation
December 21, 2020 12:48 PM AEDT| By Hina ChowdharyViruses show mutation regularly, and researchers have found multiple mutations among different samples of the novel coronavirus, the virus that causes COVID-19. Some of the mutants do not have any effect on the spreads of virus or severity of sympt.....
Copper Tops USD 8,000, Commodity Supercycle at Play?
December 21, 2020 12:23 PM AEDT| By Kunal SawhneyAt present, many analysts believe that a copper supercycle is underway and the same has resulted in copper prices hitting a record high. So, what is a commodity supercycle? Image Source: Megapixl Supercycle is defined as a wave degree under the...
Cyberpunk 2077 removed from Sony’s PlayStation Store, online buyers offered refunds
December 20, 2020 12:29 AM AEDT| By Kunal SawhneySony Interactive Entertainment (SIE) has removed the much-anticipated Cyberpunk 2077 game from the PlayStation Store. The company is now offering refunds to the customers who had purchased the game through its online stores. It happened just a week.....
Microsoft’s plan of in-house chip deals a heavy blow on Intel’s stock
December 20, 2020 12:26 AM AEDT| By Hina ChowdharyThe shares of Intel dropped significantly over 6% by the market close on 18 December 2020. The technology industry and stock market participants have been recently showing concerns over Intel’s future revenue prospects as Microsoft plans...
NZ online shopping on a record high, would the uptrend continue?
December 20, 2020 12:16 AM AEDT| By Hina ChowdharyWith the COVID-19 crisis engulfing the entire world, people have moved towards different ways of shopping that do not require them to leave the safety of their homes. Whilst New Zealand is one of the countries that has shown fastest recovery rate .....
Did the COVID-19 wage subsidy fail to fulfil its desired purpose?
December 19, 2020 05:06 PM AEDT| By Team Kalkine MediaNearly $14 billion was paid out under NZ’s wage subsidy scheme that supported millions of jobs around the country during lockdown when businesses had to shut down. However, the wage subsidy costs were the single largest line item in term...
FDA greenlights Moderna’s COVID-19 vaccine
December 19, 2020 04:22 PM AEDT| By Hina ChowdharyFor a world striving to emerge out of COVID-19 gloom, the light at the end of the tunnel just got brighter. Adding to the hope for the future, another vaccine to prevent the coronavirus has got the green light to hit the sales counters. Just a wee.....
Tesla Share Price at Record high, EV Leader Enters S&P 500 with a bang
December 19, 2020 03:11 PM AEDT| By Hina ChowdharyTesla is breaking all records with the stock contouring another record high of USD 695.00 a share yesterday. The EV giant is now all set to see its inclusion in America’s benchmark S&P 500 stock index on Monday, i.e., 21 December 2020. I...
US banks can now buy back shares post green signal from Fed
December 19, 2020 02:26 PM AEDT| By Hina ChowdharyShare repurchases or share buybacks are heavily preferred by US companies as a part of shareholder returns. Federal Reserve has given a green signal on share repurchases by US bank for the first quarter of 2021. The decision comes after the late.....
COVID-19 blues hit Coca Cola, thousands to lose jobs
December 19, 2020 02:23 PM AEDT| By Kunal SawhneyCoca Cola has sprung to limelight after announcing its plan to lay off 2,200 workers around the globe. The Company had to take this step as a part of its restructuring plan, which was necessitated because of unpalatable COVID-19 repercussions. In .....
Crude at Crossroads After Surpassing USD 50 Hurdle
December 19, 2020 02:09 PM AEDT| By Team Kalkine MediaCrude oil price rally has stalled post surpassing the 9-month high with the Brent crude oil futures reaching a high of USD 51.90 per barrel (intraday high on 17 December 2020). The market seems to have backed in the positive news on COVID-19 vaccine....
FCA Calls on Investors to Pull Out Their Money from Unregistered Crypto Asset Firms
December 19, 2020 09:09 AM AEDT| By Kunal SawhneyBritish financial regulator Financial Conduct Authority (FCA) is expected to go hard on unregistered crypto-asset firms. The FCA has urged the investors to pull out their investments from unregistered firms at the earliest. The FCA on Wednesday sa.....
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Coinbase Files For IPO In First For Cryptocurrency Exchange
December 18, 2020 08:55 PM AEDT| By Team Kalkine MediaCryptocurrency exchange, Coinbase Inc, announced on December 17 that it has secretly filed for a public offering on the U.S. Securities and Exchange Commission (SEC), becoming the latest in high-profile startups to follow an IPO route in 2020. If .....
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NZ Beef Cattle persists to rise, Dairy reflects Downtrend
December 18, 2020 07:20 PM AEDT| By Team Kalkine MediaAgricultural production survey in its provisional figures has shown that beef cattle has grown by 2 per cent, to 4 million in 2020, according to June data. Correspondingly, beef exports have also shown an increase to NZ$ 3.8 from NZ$ 3.3 billion in.....
BarkBox set to go public via $1.6M SPAC merger
December 18, 2020 06:15 PM AEDT| By Edita IvancevicBarkBox, the start-up company that became famous for its monthly subscription service for dogs, has announced a significant US$1.6 billion merger with Northern Star Acquisition Corporation. The merger will consequently make BarkBox a public company.....
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Ten Republican US states drag Google to court for its monopoly over ad business
December 18, 2020 03:58 PM AEDT| By Edita IvancevicTen attorneys general in the US opened another antitrust lawsuit against the search engine giant Google on Thursday. The Republican-led group of attorneys accused the multibillion-dollar company of showing monopoly behaviour in online advertisemen.....
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Robinhood Again Accused of Violating Securities Laws, this Time for Downplaying Risk
December 18, 2020 02:22 PM AEDT| By Team Kalkine MediaRecently, Robinhood Markets, the California-based financial services entity has been accused of violating securities laws by aggressively marketing itself to inexperienced investors and not maintaining a proper infrastructure for handling the increas...
Bitcoin surged to an all-time high of US$23,700, High traffic crashed exchanges
December 18, 2020 01:26 PM AEDT| By Team Kalkine MediaOn 16 December 2020, Bitcoin rose to the record high of US$21,569, surpassing the much-awaited level of US$20,000 for the first time in its history. However, the rally didn’t stop there and continued all the way to US$23,776 as of 17 December.....
