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News
Hottest Stock of The Year So Far, Gamestop Plunge as Platforms Block Trading
January 29, 2021 08:51 PM AEDT| By Team Kalkine MediaShares of US high street shop that sells games, consoles, and other electronics, GameStop Corp (NYSE: GME) nosedived by 55 per cent as trading platforms such as Robinhood and Interactive Brokers curbed buying of shares in the US games firm. The ban.....
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Is Robinhood Saving the Rich and Robbing the Poor?
January 29, 2021 04:27 PM AEDT| By Team Kalkine MediaThe year 2020 had been extraordinary for Robinhood, an online trading app that attracts the young and mostly first-time investors to its commission-free platform. It is especially designed to tempt the new video game-loving generation. Image sou.....
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Retail brokers block long trades on GameStop shares
January 29, 2021 04:20 PM AEDT| By Team Kalkine MediaFollowing days of wild frenzy, US games firm GameStop’s shares crashed 44% on Thursday. However, the stock also touched over $490 during the day. More importantly, GME stock was up 61.15% in the after-hours trading. Source © Kalkine G.....
General Motors to bid adieu to Gasoline and Diesel-powered Vehicles by 2035
January 29, 2021 03:42 PM AEDT| By Team Kalkine MediaGeneral Motors Co, the one of the largest automakers across the world, has announced that it would end sales of gasoline and diesel light-duty vehicles including its new cars, SUV’s, and light pickup trucks by 2035 and eventually shift towards...
What’s Panning Out in the Cryptospace, Is a Reversal on Cards for Bitcoin?
January 29, 2021 01:35 PM AEDT| By Kunal SawhneyWhat’s Panning Out in the Cryptospace, Is a Reversal on Cards for Bitcoin? Bitcoin prices seem to be finally taking a breather from the speculative sell-off seen in the digital currency over the news of double spent. To Know More, Do Read: B...
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FMA condemns NZX for inadequate technological systems
January 29, 2021 11:59 AM AEDT| By Team Kalkine MediaThe financial markets regulator (FMA) of New Zealand said that New Zealand Stock Exchange (NZX) was inefficient to handle its technological systems. This came to light due to multiple outages and cyber attacks reported at the exchange. FMA’s.....
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US stocks recover from slump; Dow gains over 300 points
January 29, 2021 09:00 AM AEDT| By Kunal SawhneyThe US stocks rebounded on Thursday even as the latest economic data was below expectations. The benchmark equity indices recorded their worst decline in three months in the last session. While S&P 500 gave up its returns in 2021, Dow Jones pos.....
Apple Hits All-Time High Revenue in December Quarter
January 29, 2021 04:38 AM AEDT| By Team Kalkine MediaSource:ShutterstockProfessional, Shutterstock Summary Apple witnessed double-digit growth in each product category during December quarter. Quarterly revenue exceeded USD 100 million for the first time. US-based technology co...
Dogecoin Soars By 240%: What’s Behind This All-Time High Rally?
January 29, 2021 02:52 AM AEDT| By Kunal SawhneyThe dog-symbol crypto-coin, dogecoin, shot up by over 240 per cent in less than 24 hours after a popular but unverified twitter handle posted about the meme-crypto. At the time of writing this, DOGE was trading at its all-time high of US$ 0.024926 .....
US Economy Sees Largest Decline Since WWII But Recovery On Track
January 29, 2021 02:34 AM AEDT| By Team Kalkine MediaSource: Natee K Jindakum, Shutterstock Summary US economy contracts by 3.5 percent in 2020, biggest plunge since WWII. Number of jobless claims reduced to 847,000 in the week ending January 23. The International Monetary Fund (IMF) forec...
Lab tests confirm BioNTech (NASDAQ: BNTX), Pfizer vaccine effective against new Covid-19 variants
January 28, 2021 09:15 PM AEDT| By Hina ChowdharyA new laboratory test report that analysed the coronavirus candidate of BioNTech/Pfizer has revealed that the jab is protective against the new variants of the SARS-CoV-2 virus and is easily adaptable.....
New Zealand’s lowest dairy carbon emissions show country using effective techniques
January 28, 2021 05:16 PM AEDT| By Team Kalkine MediaA recent study has revealed that New Zealand dairy has one of the lowest carbon footprints among 18 other nations. New Zealand beats countries like Denmark, the US, and the Netherlands, in this race. The 25 previous studies were taken into conside.....
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After Saudi Arabia, Iraq pitches in with Crude Oil production cut
January 28, 2021 02:48 PM AEDT| By Team Kalkine MediaIraq produced at an average of 3.821 Mbbl/day throughout the last quarter of 2020 as per the OPEC January MOMR data. To make up for the extra production than the decided quota, Iraq has announced a production cut of 25,000 bbls per day of crude oil.....
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Tech giants report earnings: How did Apple & Tesla fare
January 28, 2021 02:30 PM AEDT| By Kunal SawhneyTechnology giants Apple and Facebook turned in profitable revenue reports amid high expectations for the holiday quarter. However, Tesla has provided some mixed bag results. Profitable quarter for Apple Apple revealed it had closed the book on 20.....
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Auckland’s average Housing rent expected to crack $600 per week
January 28, 2021 12:56 PM AEDT| By Mark O'DonnellAccording to latest report, the average Auckland rent increased to $595 per week in December 2020. This represents a 2.1% increase on the average rent a year prior, or an extra $12 a week. Rent freeze comes to an end The government initiated a re.....
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US stocks fall after Fed’s commentary; Dow slips 700 points
January 28, 2021 08:59 AM AEDT| By Team Kalkine MediaThe US benchmark equity indices slipped steeply on Wednesday as the investors reacted to the Federal Reserve’s January monetary policy commentary and weak earnings. The Federal Reserve kept the interest rates unchanged at near-zero. Fed said .....
Brexit rules prompt Amazon to restrict alcohol sale in Northern Ireland: Report
January 28, 2021 02:18 AM AEDT| By Kunal SawhneyUK-based broadcaster ITV PLC (LON: ITV) reported that US multinational company Amazon has stopped the sale of beers, wines, and spirits in Northern Ireland because of the new Brexi.....
Biden Eyes Long-Term Gain Over Short-Term Pain From Drilling Freeze
January 28, 2021 01:17 AM AEDT| By Kunal SawhneyPresident Joe Biden’s order to halt new oil and gas leasing on federal land will have a rippling effect on the industry but it is part of his larger plan to make the US an absolute green economy by 2030. The president has signed an executive.....
Government urges Kiwis to make frequent use of NZ COVID Tracer application
January 28, 2021 12:49 AM AEDT| By Kunal SawhneyWith Coronavirus bringing about uncertainty across the world, there have been tracking apps developed to keep track of the infected person. However, it may be possible that these apps are not being used to their maximum potential. It was recently r.....
AstraZeneca (LON: AZN) tries to clear the air over vaccine shortage with EU
January 27, 2021 11:07 PM AEDT| By Team Kalkine MediaBritish-Swedish multinational pharmaceutical major AstraZeneca PLC (LON: AZN) seems to be mired in difficulties from all sides. On one side, the EU has been threatening the company to stop the export of its coronavirus vaccine to other coun.....
