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News
Biden bans US investments into 59 Chinese firms
June 04, 2021 01:46 PM AEST| By Furquan MoharkanSummary Biden bars American from investing in 59 more companies. The US president has signed an executive order to this effect. Trump had already banned 48 companies. US President Joe Biden on Thursday prohibited American entities from in.....
How does a meme stock work?
June 04, 2021 12:34 PM AEST| By Furquan MoharkanGameStop, AMC Theatres, Nokia, BlackBerry Enterprise, Reddit, Robinhood application icons grouped in Meme Stocks folder on smartphone. If 2020 was a year of unprecedented bull run, 2021 would be remembered as the year of memes – a year when me...
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US Stocks Retreat, Weighed Down By Bluechip Stocks
June 04, 2021 07:40 AM AEST| By Sanjeeb BaruahUS stock markets closed lower on Thursday, June 3, dragged down by bluechip stocks as investors waited for the latest economic data from the Labor Department in a lacklustre session. The S&P 500 shed 0.36% to 4,192.85. The Dow Jones dropped 0.07...
What’s happening in Australia’s wind energy space?
June 04, 2021 06:20 AM AEST| By Team Kalkine MediaThe world is rushing towards adapting to wind power, thanks to renewable energy being the need of the hour. So much so, the world set a new record in new wind power installations, adding 93 gigawatts of new wind turbines last year, as per the .....
Why is BHP Group (ASX:BHP) an important blue chip stock to track?
June 03, 2021 07:45 PM AEST| By Team Kalkine MediaBHP Group Ltd (NYSE:BHP, ASX:BHP) is committed to its strategy focused on creating long-term value and high returns with the best capabilities, best commodities and best assets. The world-leading resources company is engaged in the discovery, deve.....
APAC markets trade in green; ASX200 jumps 0.71%
June 03, 2021 04:11 PM AEST| By Furquan MoharkanSummary Markets in green as investors react to data from Australia and China. South Korean markets are the outperformers. Thai and Hong Kong markets are in the red. The equity markets in Asia Pacific (APAC) region were mostly trading in t.....
How crude oil dynamics influence the upstream and downstream sectors
June 03, 2021 01:35 PM AEST| By Team Kalkine MediaSummary Crude oil prices have witnessed a dramatic journey, rising from a negative territory in 2020 to the pre-pandemic levels in 2021. The dynamics in crude oil prices have a significant impact on all the sectors of the oil & gas industry.....
April retail sales rise as shoppers brush aside pandemic woes; consumer stocks up
June 03, 2021 01:14 PM AEST| By AshishSummary Australia’s retail sales rose in April on expected lines as cafés, restaurants and takeaway food services reported encouraging data. While the retail trade rose1% month-on-month, the sales surged 25% compared with the corre.....
Did Mudrick Capital rush into selling AMC shares?
June 03, 2021 01:03 PM AEST| By Furquan MoharkanSummary Meme stock, AMC Entertainment Holdings is once again in news as company raises US$230 million. Mudrick Capital Management, L.P. flips shares post the private placement. Is long-term investing a passe? On Tuesday, AMC Entertainment.....
Why is iron ore rally hurting these two sectors?
June 03, 2021 12:35 PM AEST| By Team Kalkine MediaSummary The prices of iron ore have almost doubled in the last one year, on account of strong economic growth, globally. China's decision to curb steel production and rising iron ore prices have pushed steel prices to record highs. Constructio.....
The new economy: 6 ways how the coronavirus has changed the global economy
June 03, 2021 11:25 AM AEST| By Team Kalkine MediaSummary The lockdown period has brought about many necessary innovations and realizations pertaining to better and more efficient ways to conduct business. The COVID-19-led lockdowns have accelerated this trend as companies have been forced to .....
Why AMC shares doubled in one session
June 03, 2021 11:16 AM AEST| By Furquan MoharkanThe shares of American movie theatre chain AMC Entertainment Holdings Inc (NYSE:AMC) almost doubled in just one trading session as Reddit-driven frenzy continued to grip the retail investors. The shares of the company closed at US$62.55 each in Ne.....
How did US stocks perform on Wednesday?
June 03, 2021 08:13 AM AEST| By Team Kalkine MediaBenchmark US stock indices saw muted gains on Wednesday, although the segments broadly remained subdued as investors took cues from the recent spike in oil prices and inflation data. The S&P 500 was up 0.14% to 4,208.12. The Dow Jones rose 0.07%...
What’s brewing in the mining industry as ESG debate heats up
June 02, 2021 07:36 PM AEST| By Team Kalkine MediaSummary The mining industry is witnessing growing calls to adopt new standards to meet Environmental, Social and Governance (ESG) compliance. Various mining space players are taking active steps with ESG on their agendas. With more educated co.....
What does the future of shale oil market look like?
June 02, 2021 06:17 PM AEST| By Nitish KumarSummary Advancements in oil and gas drilling technology have unlocked huge reserves of oil, earlier untapped by oil and gas players. Shale oil is crude oil occupied in the void spaces of shale formations beneath the surface of the Earth. Hydra.....
E-commerce giant Amazon supports the MORE Act to legalize cannabis in the US
June 02, 2021 05:22 PM AEST| By Tripti JoshiSummary Amazon disclosed that it would actively support the MORE Act for the federal legalization of marijuana in the US. The e-commerce behemoth has revealed that it will stop screening its job applicants for cannabis use. The Company will al.....
Opinion: India will take years to wipe off the bruise marks wreaked by COVID-19
June 02, 2021 04:50 PM AEST| By Furquan MoharkanAs the second wave of the COVID-19 pandemic seems to be finally receding in India, the trail of tragedies that it has left behind is beyond imagination. It will probably take years to come out of it. Officially, 335,114 Indians have lost their lives...
Cyber attacks on the rise in Australia as cyber criminals spare no sector
June 02, 2021 02:55 PM AEST| By Sonal SinhaA cyber attack is an intentional and malicious attempt by individuals or corporations to breach an individual’s or a corporation’s information system. In this process, the attacker tries to seek benefit from disturbing the network of th.....
Australia’s March quarter GDP rises 1.8%, beats estimates
June 02, 2021 12:32 PM AEST| By AshishThe Australian economic activity recovered to be above pre-coronavirus levels and grew by 1.8% in the March quarter. With this, the annual growth stood at 1.1%, according to the data releases by the Australian Bureau of Statistics (ABS). The GDP n.....
Explained: The pros and cons of using social media in the healthcare space
June 02, 2021 11:46 AM AEST| By Tripti JoshiSummary Social media can be channelized in quite constructive ways to help the healthcare sector. Prudent use of social networking sites and platforms in the healthcare sector can help promote individual and public health. In times of crisis, .....
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