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Virgin Galactic (SPCE) stock soars 30% on ticket sales for space trip
February 15, 2022 03:20 PM PST| By Rupam RoyHighlights Virgin Galactic said it would start selling tickets for space trips on Wednesday. Each ticket costs US$450,000, the same as before. The company also plans to make changes to its logo. The Virgin Galactic Holdings, Inc. (N.....
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US stocks break three-day losing streak, RESN, SPCE fly high
February 15, 2022 02:10 PM PST| By Versha JainBenchmark US indices reversed their three-day losing streak on Tuesday, February 15, after broad gains across sectors amid Russia’s decision to withdraw troops from the Ukraine border. The S&P 500 surged 1.58% to 4,471.07. The Dow Jo...
What does NZ’s AI-tech start-up Soul Machines want to do with latest funding?
February 15, 2022 12:56 AM PST| By SonalHighlights Soul Machines raised US$70 million in Series B1 financing on Monday. SoftBank Vision Fund 2 was the lead investor, with fresh investors joining in as well. New investment will help the company in pursuing deeper research into replic.....
On 20th anniversary, PayPal (PYPL) caps era of growth, sets new goals
February 14, 2022 04:38 PM PST| By Rupam RoyPayPal Holdings, Inc. (NASDAQ: PYPL), which marks its 20th anniversary on Tuesday, has benefited from the increased digitalization. The demand for digital payment services, accelerated by the rapid growth of eCommerce, helped the company expand its.....
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US stocks plunge amid Ukraine fears; SU, MRNA among top losers
February 14, 2022 02:16 PM PST| By Versha JainBenchmark US indices were down for the second consecutive session on Monday, February 14, amid rising Russia-Ukraine tension and lingering fears over Fed’s possible interest rate hikes. The S&P 500 declined 0.38% to 4,401.65. The Dow Jones...
AMD finalizes US$50-billion Xilinx purchase in industry’s biggest deal
February 14, 2022 01:16 PM PST| By Sanjeeb BaruahHighlights AMD had announced the deal with Xilinx Inc (XLNX) in October 2020. At the time, the chip manufacturer was valued at US$35 billion. But the XLNX stock’s price gains have pushed the valuation higher. In what is being call.....
Ford Motor Co (F) mulls setting up EV manufacturing hub in India
February 11, 2022 03:00 PM PST| By Sanjeeb BaruahFord Motor Co (NASDAQ: F) may produce electric vehicles in India for exports, the company said on Friday, months after it announced the closing of operations in the country due to lack of profitability. In a statement on Friday, cited by Reuters, .....
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US stocks slip as oil prices rise to 8-year high; KOS, XOM top gainers
February 11, 2022 02:43 PM PST| By Versha JainBenchmark US indices slipped into the red on Friday, February 11, as oil prices surged to an eight-year high, further adding to the inflationary pressure a day after the crushing CPI data. The S&P 500 fell 1.90% to 4,418.49. The Dow Jones declin...
Uber (UBER) to accept cryptos if exchange costs, climate issues resolve
February 11, 2022 12:56 PM PST| By Versha JainHighlights Uber said it will accept cryptocurrency in the future. It said the high transaction cost in the exchange makes it unviable for adoption now. Uber Technologies (UBER) stock fell 37.8% in one year. Ride-hailin.....
Rapper Drake places US$1.26-mn bet in Bitcoin on Super Bowl LVI game
February 11, 2022 05:00 AM PST| By Rupam RoyAs Americans gear up for one of the country's biggest sports extravaganzas, Canadian rapper Drake said in an Instagram post that he placed over US$1.26 million bets in Bitcoin (BTC) on Los Angeles Rams that will play against Cincinnati Bengals in S.....
US stocks plunge after CPI data; AAPL, MSFT, NVDA among top losers
February 10, 2022 03:25 PM PST| By Versha JainBenchmark US indices fell sharply on Thursday, February 10, after the latest economic data showed inflation rose to 7.5% in January and bond yields rose over 2% in intraday trading. The S&P 500 fell 1.81% to 4,504.08. The Dow Jones fell 1.47% to...
Space storm gobbles up 40 Elon Musk's SpaceX satellites
February 09, 2022 03:28 PM PST| By Sanjeeb BaruahHighlights SpaceX’s Starlink satellites were launched on February 3 from Florida’s Kennedy Space Center. According to scientists, the geomagnetic storm was caused by a solar flare over the weekend. On Monday, Astra Space, Inc. (A.....
Biden backs Australian Tritium's move to build EV charging plant in US
February 09, 2022 01:51 AM PST| By Sukriti NairAustralian EV startup Tritium is set to build a new production plant in Tennessee, US in the upcoming months. Tritium’s new plant in the US will make approximately 30,000 electric-vehicle (EV) fast chargers a year and create roughly 500 local.....
Tritium (NASDAQ:DCFC) shares zoom 40% on US expansion plans
February 09, 2022 12:44 AM PST| By Bhawna GuptaHighlights DCFC plans to launch a new manufacturing facility in the US. Tritium stocks closed at US$9.54 each on Tuesday. The news came within a fortnight when DCFC announced a deal with Electromin. Tritium DCFC Limited's (NASDAQ:DCFC) sh.....
US seizes US$4.5 bn in Bitcoin stolen from Bitfinex in 2016
February 09, 2022 02:19 PM AEDT| By Team Kalkine MediaThe Justice Department on Tuesday said that it seized more than US$4.5 billion worth of Bitcoins stolen in a hacking attack on a cryptocurrency exchange in 2016. It is the largest cryptocurrency seizure ever made by the Justice Department, it said.....
Ford Motor (F) starts shipping E-Transit vans in US as orders flood in
February 08, 2022 04:38 PM PST| By Versha JainHighlights Ford Motor Company (F) starts shipping its E-Transit commercial vans across the US. The company has already received 10,000 orders from 300 customers for the vans. Ford’s Kansas City plant will assemble all electric ve.....
Aluminum’s record high price means a windfall for stocks?
February 08, 2022 04:29 PM PST| By Rupam RoyHighlights Aluminum price hit a 13-year high of US$3,235 on Tuesday. Leading aluminum producer Slovalco cut its output by around 60%. Aluminum stocks in LME-registered warehouses fell to their lowest level since 2007. Aluminum prices hit .....
Amazon hikes base salary for its employees to $350,000
February 08, 2022 01:51 AM PST| By Priyanka PayalHighlights Amazon Inc. announces its decision to more than double the maximum base salary it pays to its employees to US$350,000. In its fourth-quarter results announced last week, Amazon revealed that its net sales increased 9% to US$137.....
US renews calls on China to fulfil Trump-era trade commitments
February 07, 2022 07:38 PM PST| By Sanjeeb BaruahUS officials on Monday renewed calls on China to fulfill its promises made in a trade pact with than Trump administration to buy US$200 billion worth of American goods, Reuters reported. The officials asked China to take "concrete action" to meet .....
Meta (FB) builds shield after avatars ‘harass’ proxies in metaverse
February 07, 2022 03:09 PM PST| By Team Kalkine MediaHighlights Some users have faced harassment on Meta’s Horizon network, its virtual reality platform. The protective function will be turned on by default. Meta Platforms had opened its virtual reality platform to the public in North Am.....
