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Adobe (ADBE) revenue jumps 22%, FedEx (FDX) net income falls
September 22, 2021 09:51 AM AEST| By Team Kalkine MediaHighlights The revenue of Adobe Inc. (NASDAQ: ADBE) surged 22% YoY in Q3, FY21. ADBE expects its revenue to be around US$4.07 Bn in Q4, FY21. The GAAP revenue of FedEx Corporation (NYSE: FDX) was US$22.0 Bn in Q1, FY22. Stocks of Adobe In.....
US markets close mixed as defensive stocks lead gains
September 22, 2021 07:16 AM AEST| By Sanjeeb BaruahBenchmark US indices closed mixed on Tuesday, September 21, after healthcare, energy, and technology stocks led gains in intraday trading buoyed by positive income expectations. The S&P 500 fell 0.08% to 4,354.19. The Dow Jones fell 0.15% to 33,...
Google plans to buy one of New York’s costliest office buildings
September 22, 2021 07:05 AM AEST| By Team Kalkine MediaTechnology giant Google Inc (Nasdaq: GOOGL) plans to buy a new swanky office building in Manhattan, New York, for US$2.1 billion in one of the priciest deals in US history. It is also one of the most expensive sales of a single building since the .....
Will Trudeau's return as PM boost US-Canada ties?
September 22, 2021 03:46 AM AEST| By Ipsita SarkarHighlights Canada’s Liberal Party bagged 158 seats after 99% of votes counted. Trudeau was set to swear in as 23rd PM, his third term in office. However, his Liberal Party did not get an absolute majority in the House of Commons this time.....
French reprisal on the trade front for Australia?
September 21, 2021 08:36 PM AEST| By Rini ZachariahHighlights A week ago, Australia scrapped a US$90-billion contract for buying French submarines. Three nations - Australia, the UK and the US - have announced a new trilateral partnership for security. The signs of retaliation from Franc.....
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A video of Tesla’s Autopilot car that grabbed Musk’s eyeballs
September 21, 2021 07:14 PM AEST| By Team Kalkine MediaWhile many people have been doubtful on the Tesla’s Autopilot feature, a Twitter video of Tesla’s Autopilot car has grabbed the company CEO Elon Musk’s attention. Recently a video of a man went viral on Twitter where he was enjoyi.....
Anti-lockdown protests erupt in Melbourne even as COVID-19 cases spike
September 21, 2021 06:37 PM AEST| By Furquan MoharkanHighlights Protests against lockdown continue in Australia’s major cities. Cases in Victoria have spiked to a new high. The country reported 11 deaths on Monday. Anti-lockdown protests rocked Australia’s second most populous c.....
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Why is FreeRiver grabbing the spotlight?
September 21, 2021 05:09 PM AEST| By Team Kalkine MediaChoosing the best cryptocurrency involves choosing an exchange or trading platform that supports deposit and withdrawal of the local fiat currency, hence it is important to consider all factors before starting our investment. The global cryptocurr.....
China holiday softens Evergrande crisis impact on investors
September 21, 2021 04:39 PM AEST| By Furquan MoharkanHighlights Japanese Indices have crashed 1.5% after a long weekend. Chinese share markets are closed on account of holiday. The ASX has recovered by 26 basis points. Equities in the Asia-Pacific (APAC) region were mixed in Tuesday’.....
Immerse yourself into De-Game-Fi Universe: Here’s what you should know about PetKingdom
September 21, 2021 04:32 PM AEST| By Akanksha VashishtThe world of digital assets is a unique and interesting arena which sees frequent metamorphoses of the assets into new and developing market trends. Initially, cryptocurrencies were thought to be the revolution, and in a way, are still considered t.....
Will France retaliate by hampering EU-Australia FTA?
September 21, 2021 03:06 PM AEST| By Team Kalkine MediaHighlights The Australian Trade Minister – Dan Tehan calls the ongoing diplomatic crisis between France and Australia a “business as usual”. Britain and Australia insisted the diplomatic crisis would not affect the French-Aus.....
Has Z Energy’s (NZX:ZEL) fuel demand taken a hit?
September 21, 2021 01:09 PM AEST| By SonalHighlights Z Energy is witnessing reduced demand for all fuels at present. Z has projected its volume reduction as New Zealand moves through various Alert levels amid the COVID-19 outbreak. The Group expects its RC EBITDAF to be between $270 m.....
Why should world worry about Evergrande collapse?
September 21, 2021 12:58 PM AEST| By Furquan MoharkanHighlights Fears of default are looming large for China’s Evergrande Group. The property developer owes US$305 billion in debt across markets. This would be the biggest test for China’s financial system in years. In August of .....
Buy cheap, be a winner, says El Salvador’s Bukele as Bitcoin prices dip
September 21, 2021 10:21 AM AEST| By Sanjeeb BaruahEl Salvadorian President Nayib Bukele has doubled his bets on Bitcoin as the cryptocurrency prices fell in recent days, asserting that one can never lose by buying them cheap. "This can never beat you if you buy the dips," Bukele tweeted. Althoug.....
Top IPOs to keep an eye on this year
September 21, 2021 08:47 AM AEST| By Sanjeeb BaruahThis year saw a flurry of initial public offerings (IPO). While the IPO rush continues in the US, September alone saw more than 40 public offerings. In addition, over 700 IPOs were launched this year, and many are in the pipeline for the remaining .....
US markets close in red, dragged down by energy, financial stocks
September 21, 2021 07:49 AM AEST| By Sanjeeb BaruahAll benchmark US indices closed in the red on Monday, Sep 20, after energy and financial stocks led broad losses across segments and China’s Evergrande default fears loomed. The S&P 500 fell 1.70% to 4,357.73. The Dow Jones fell 1.78% to 3...
CBOE Volatility Index (VIX) hits one-month high on Monday
September 21, 2021 07:36 AM AEST| By Sanjeeb BaruahTop sectors of the S&P 500 (SPX) fell on Monday declined as concerns over the pace of the global economic recovery grew after China’s second-largest real estate firm reported a massive liquidity crunch with a US$300 billion debt. Ten of .....
Top stocks to watch out this week
September 21, 2021 06:20 AM AEST| By Sanjeeb BaruahHighlights Zoominfo retained the No.1 position on the G2’s Fall 2021 Grid Reports on 26 grids. Nike, Inc. (NYSE: NKE) has a P/E ratio of 43.14 and a forward P/E ratio of 36.38. com, Inc. (NASDAQ: AMZN) has opened a fulfillment center i.....
Why has Biden’s approval rating fallen to the lowest?
September 21, 2021 05:00 AM AEST| By Toshiva JainHighlights A recent poll magnified people’s attitude towards Biden’s government. It showed that most people are dissatisfied with Biden’s performance. The poll revealed that around 71% Americans believe that the USA&rsqu.....
China’s Evergrande isn’t a Lehman Brothers type of crisis: Experts
September 21, 2021 04:49 AM AEST| By Team Kalkine MediaHighlights China’s second-largest real estate firm Evergrande has a debt of US$300 billion. The sharp fall of the company’s stocks dragged down the Hang Seng Index. The investors might opt for the American real estate market over .....
