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What exactly does OPEC do?
Investing Essentials

What exactly does OPEC do?

The journey of the oil market amid this pandemic has been a wild ride, with crude oil experiencing both the boom-and-bust phases. Last year, the COVID-19 pandemic-led global lockdowns forced cars, aeroplanes, and rail coaches to restrict movement....

APAC markets a mixed bag; commodity price swings in focus
World News

APAC markets a mixed bag; commodity price swings in focus

The equity markets in Asia-Pacific (APAC) region were a mixed bag on Friday, as Bank of Japan maintained status quo over the monetary policy and investors tracked moves in the commodities space. In Japan, the Nikkei 225 closed near the flatline at t...

What will Ethereum’s price be at the end of 2021?
Cryptocurrency

What will Ethereum’s price be at the end of 2021?

Summary Ethereum’s Ether is the second-largest cryptocurrency after Bitcoin, with a market cap of US$273.19 billion. Ethereum is an open software platform that allows users worldwide to create software and applications, making it a &ldquo...

Why are commodity prices rising and what is its impact on inflation?
World News

Why are commodity prices rising and what is its impact on inflation?

The rise in the prices in any economy gets one and all unnerved – from the government to the masses. Price rises bring down the purchasing power parity of the buyer. Simply put, it makes common man poorer in the real terms – he can now bu...

What is nuclear energy? What is its importance?
Climate Change

What is nuclear energy? What is its importance?

Summary Nuclear power is considered as one of the most environmentally friendly and efficient sources of electricity generation. Due to the surging demand for green energy sources globally, nuclear energy is gaining traction as it is among thos...

Seven unbelievable facts about cryptocurrencies
Cryptocurrency

Seven unbelievable facts about cryptocurrencies

Summary Crypto trading has taken everyone by storm in the past few years. With over five million users, cryptocurrencies are steadily getting well-accepted across the world. Nevertheless, cryptos still have a long way to go before they become ...

  • June 17, 2021 09:43 PM PDT
  • Ashish
What is blockchain technology? Why is there an unbelievable hype?
World News

What is blockchain technology? Why is there an unbelievable hype?

As the concept of cryptocurrencies continues to gain traction across the globe, so does the talk around the blockchain technology. For some, especially the not-so-tech-savvy lot, the blockchain technology and cryptocurrency were the same. However, i...

US banks to close early on Friday for Juneteenth Holiday
Economy

US banks to close early on Friday for Juneteenth Holiday

Summary Many corporate offices and organizations such as Google and the National Football League will remain closed for the day. Around 5,000 branches of JPMorgan Chase will close in the second half. Juneteenth, also celebrated as the African A...

How destructive is energy-intensive crypto mining?  
Cryptocurrency

How destructive is energy-intensive crypto mining?  

Summary Cryptocurrency miners have swarmed the network, attracted by the skyrocketing prices of many cryptocurrencies.  The Bitcoin mining process involves high energy consumption, causing a significant threat to the environment. The use ...

Facebook launches ad service on Instagram Reels
Technology Stocks

Facebook launches ad service on Instagram Reels

Summary Facebook’s daily active users as of March 31 was 1.88 billion, an increase from 1.84 million in December 2020. Facebook segments the users in various categories, such as location, gender, behavior, and interests, for ads on Facebo...

US jobless claims climb to 412,000 last week after a pause
Economy

US jobless claims climb to 412,000 last week after a pause

Summary Some states have terminated the federal pandemic benefits checks for some households to stem a labor shortage in the market. The number of jobless benefits claims rose by 37000 to 412,000 last week, the first increase following a five-w...

US markets close flat as stocks slip on inflation fears
Market Updates

US markets close flat as stocks slip on inflation fears

Major US stock markets closed the session flat on Thursday, June 17, as key segments on the indices saw muted movements a day after the Federal Reserve signalled a rate hike by 2023 to curb prices. The S&P 500 was down 0.04% to 4,221.86. The Dow...

After EU, US resolves aviation tariff dispute with Britain
World News

After EU, US resolves aviation tariff dispute with Britain

Summary US Trade representative Katherine Tai said the deal could serve as a model to counter common challenges from China and other “non-market” economies. The US-UK tariff war had hit businesses hard on both sides of the Atlantic....

ByteDance revenues surge 111% to US$34.3 billion in 2020
Technology Stocks

ByteDance revenues surge 111% to US$34.3 billion in 2020

Summary ByteDance, considered the world’s most valuable startups, is yet to announce its IPO plans. It was valued at US$180 billion during a funding round in December last year in which it raised US$5 billion. ByteDance is a major rival t...

US Supreme Court dismisses Trump-backed challenge to Obamacare
Economy

US Supreme Court dismisses Trump-backed challenge to Obamacare

Summary In a 7-2 ruling on Thursday, the Supreme Court observed the petitioners had no legal standing to file the lawsuit seeking to invalidate the Affordable Care Act. Republicans questioned the legality of a key proviso and sought to know if ...

JPMorgan Chase clinches deal to acquire UK’s roboadviser Nutmeg
World News

JPMorgan Chase clinches deal to acquire UK’s roboadviser Nutmeg

Summary JPMorgan Chase said the agreement with the London-based company would complement its forthcoming online retail banking operations in the UK. The JPM stock was trading at US$152.08 at 11:24 am ET on Thursday, June 17, down 2.68%. Nutmeg...