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US Markets Close Higher As Tech, Cyclical Stocks Shine
May 25, 2021 08:38 AM AEST| By Team Kalkine MediaAll benchmark US indices closed higher on Monday, May 24, lifted by technology and cyclical stocks as investors kept their inflation worries aside to focus on opportunities from the reopening of the economy. The S&P 500 gained 0.99% to 4197.05....
London and US Equities Traded Higher; Crude Oil up 3%
May 25, 2021 04:29 AM AEST| By Team Kalkine MediaUS Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 46.54 points or 1.12 per cent higher at 4,202.40, Dow Jones Industrial Average Index surged by 219.51 points or 0.64 per cent higher at 34,4...
Wall Street escorts late recovery in FTSE 100 as investors eye momentum
May 25, 2021 01:01 AM AEST| By AbhijeetSummary UK shares traded lacklustre after falling in the pre afternoon deals Riding high on Wall Street’s gains, FTSE 100 staged a marginal recovery Nasdaq fairly outnumbered the Dow, rising nearly 1.5 per cent UK shares trade.....
The business of podcasting: How do podcasters rake in revenue?
May 24, 2021 07:44 PM AEST| By Team Kalkine MediaSummary Podcasting is the fastest growing medium in the world, but it hasn’t yet realised its monetary potential. A meagre one per cent of podcasts accounts for the lion’s share of revenue despite there being over 1.7 million podcas.....
Cryptocurrencies Across the World Experience a Free-Fall over the Weekend
May 24, 2021 03:10 PM AEST| By Team Kalkine MediaThe global cryptocurrency market has suffered considerable losses in the past 24 hours as several of the most prominent digital currencies struggle to maintain the record highs achieved one month ago. The price of the world’s largest cryptoc.....
How can a shift in clean energy initiatives spark job creation in Australia?
May 24, 2021 11:06 AM AEST| By Team Kalkine MediaSummary Australia has been observing significant progress in renewable energy resources. The transition to renewables will create jobs in the local manufacturing industry and create new opportunities for an array of Australians. Australia&rsqu.....
Virgin Galactic Completes Third Spaceflight
May 23, 2021 06:55 PM AEST| By Kiran MuraliSummary VSS Unity reached space at an altitude of 55.45 miles before gliding back. The flight marks the company’s third spaceflight and the first from New Mexico. Jeff Bezos’ space company Blue Origin will launch its first space to.....
How protective are COVID-19 vaccines against new variants?
May 23, 2021 06:51 PM AEST| By Kiran MuraliSummary A study by Public Health England says two doses of Pfizer-BioNTech and AstraZeneca vaccines are effective against the B.1.617.2 variant. Both the vaccines give similar protection against the strain first found in India and the one domin.....
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IMF Estimates US$50B Cost To End Pandemic In 2022
May 23, 2021 06:46 PM AEST| By Kiran MuraliA probable end to the COVID-19 pandemic could cost US$50 billion, according to the latest report by the International Monetary Fund. The international financial institution believes that vaccinating at least 40 percent of the global population by .....
What Synergies Amazon Can Expect from MGM Acquisition?
May 23, 2021 10:20 AM AEST| By Suhita PoddarSummay Amazon is in talks to acquire the renowned MGM Studios. MGM was looking for a buyer since December 2020, as per reported by media sources. A bid of about $7 to $10 billion is being considered by Amazon for this acquisition of MGM St.....
Carbon Prices at an All-Time High; What’s Ahead?
May 23, 2021 12:40 AM AEST| By Nitish KumarSummary The prices of carbon have touched an all-time high during this week. The trend is expected to continue, on the back of implementation of more reforms to reduce greenhouse gas emissions in the near future. The European Union (EU) is hom.....
“Pied Piper”: the curious case of Elon Musk
May 23, 2021 12:37 AM AEST| By Furquan MoharkanBillionaire Elon Musk, the CEO of Tesla Inc (NYSE:TSLA), has a habit of staying in headlines – from his off-the-cuff tweets to ideas that seem irrational. This time, he is again in news, but a large section of people is angry at him, calling hi...
Volatility on rise; markets gripped with fear
May 23, 2021 12:33 AM AEST| By Furquan MoharkanThe volatility in Wall Street has shown a massive spike in the past one month, while the fear has been visible – a trend which may lead to further downside in the shares. The volatility index – represented by Chicago Board Options Exchan...
How Renewable Energy Sources Evolved in The UK Over the Years
May 22, 2021 01:49 PM AEST| By Suhita PoddarSummary The UK’s energy mix has changed drastically over the years and 42% of electricity is now from renewable sources. In the UK, the biggest source of renewable energy is offshore and onshore The renewable energy prices have bee.....
US Proposes 15% Tax On Global Corporate Profits
May 22, 2021 01:34 PM AEST| By Team Kalkine MediaSummary Treasury Department eyes 15% minimum corporate tax on overseas profits of US companies. OECD estimates that countries lose US$240 billion to companies that shift their earnings to countries having lower tax base. The Treasury D.....
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US Markets End Mixed As Stocks Retreat
May 22, 2021 01:02 PM AEST| By Team Kalkine MediaThe S&P 500 and the tech-heavy NASDAQ Composite Index closed lower, while the Dow Jones Industrial Average saw muted gains on Friday, May 21, as investors moved away from risker assets. The S&P 500 was down 0.08% to 4,155.86. Dow Jones rose...
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London equities remained muted after robust UK retail sales data
May 22, 2021 05:03 AM AEST| By Team Kalkine MediaUS Markets: Broader indices in the United States traded on a mixed note - particularly, the S&P 500 index traded 9.49 points or 0.23 per cent higher at 4,168.62, Dow Jones Industrial Average Index surged by 220.62 points or 0.65 per cent higher a...
FTSE 100 stays range bound, struggles to catch European momentum
May 22, 2021 01:37 AM AEST| By AbhijeetSummary UK shares struggled with FTSE 100 failing to catch the regional momentum A mixed opening action was witnessed on Wall Street on Friday Record-breaking uptick in UK retail sales wasn’t enough to revive optimism UK share.....
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UK retail sales see record jump in April 2021 as consumers flock for shopping
May 22, 2021 12:43 AM AEST| By AbhijeetSummary UK retail sales recorded sharpest growth on record in April 2021 Easements have cumulatively assisted in driving the retail sales Clothing and footwear provided the biggest upward contribution to the net sales a drop was seen in onlin.....
How Green Mortgages Can Revolutionise Energy Efficiency in the UK
May 22, 2021 12:05 AM AEST| By Suhita PoddarSummary UK’s climate goals will increasingly depend on how it can address heating and insulation inefficiencies in the housing sector. The government’s Ten Point Plan for Green Industrial Revolution points out green mortgages and en.....
