AUS
NZ
UK
CA
USA
IND
World news
US indices tumble as stocks retreat again
January 21, 2022 01:15 PM PST| By Versha JainBenchmark US indices nosedived on Friday, January 21, 2022, as they saw broad losses across all stock segments amid Omicron and interest rate increase concerns. The S&P 500 was down 1.90% to 4,397.73. The Dow Jones fell 1.30% to 34,265.50. The N...
Intel to spend US$20 billion on new chip manufacturing hub in Ohio
January 21, 2022 10:33 AM PST| By Rupam RoyHighlights Intel to invest US$20 billion for building two new chip plants in Ohio. It will also invest an additional US$100 million to help build the manufacturing site in partnering with educational institutions. The project is expected to cr.....
What is Twitter’s new feature about NFT and profile picture?
January 20, 2022 09:29 PM PST| By Jasmine AnandHighlights Twitter comes up with a new feature, allowing its users to display their NFTs as their profile pictures. New NFT avatars would appear in a hexagonal border instead of a circle. At present, the service is extended to Twitter Blue sub.....
_(1).jpg)
US stocks retreat for third straight day on inflation woes
January 20, 2022 02:31 PM PST| By Versha JainUS stocks closed in a sea of red on Thursday, January 20, as investors paused their bullish bets amid mixed signals from the economy. The S&P 500 fell 1.10% to 4,482.73. The Dow Jones declined 0.89% to 34,715.39. The NASDAQ Composite was down 1....
Pfizer covid vaccine for kids under five on the anvil
January 20, 2022 12:06 PM PST| By Sanjeeb BaruahWhite House chief medical advisor Anthony Fauci has said that the US Food and Drug Administration (FDA) could authorize a Pfizer-BioNTech Covid-19 vaccine for children under five years next month. In an interview with an NGO, he said that it could.....
Amazon to open first physical store near Los Angeles
January 20, 2022 08:19 AM PST| By Sanjeeb BaruahAmazon.com Inc (AMZN) will open its first apparel store near Los Angeles this year, managing director Simoina Vasen said on Thursday. It will be smaller than a typical departmental store but will have unique virtual features to guide the customers......
.jpg)
What led to Grayscale Bitcoin Trust’s (GBTC) record-high discounts?
January 19, 2022 10:39 PM PST| By Jasmine AnandHighlights Grayscale Bitcoin Trust, a popular crypto fund, has been witnessing steep discounts in the trading of its share. GBTC’s discount has reached 26.5%, the highest in the last 12 months. Some of the reasons for the same can .....
.jpg)
US stocks edge lower as technology, financial sectors slip
January 19, 2022 01:35 PM PST| By Rupam RoyBenchmark US indices drifted lower at the close on Wednesday, January 19, dragged down by losses in technology and financial sectors amid a choppy trading session. The S&P 500 was down 0.97% to 4,532.76. The Dow Jones fell 0.96% to 35,028.65. Th...
Sony loses US$20 bn in market value after Microsoft-Activision deal
January 19, 2022 10:57 AM PST| By Sanjeeb BaruahHighlights Sony and Microsoft are top competitors in the gaming industry. Microsoft’s big-ticket purchase is expected to unleash a fierce rivalry between the two. Microsoft’s Xbox console is a direct competitor to Sony’s Play.....
.png)
Thousands of flights disrupted worldwide amid US 5G rollout
January 19, 2022 09:59 AM PST| By Sanjeeb BaruahHighlights Experts said the new 5G networks use a radio segment close to the one used by radio altimeters in an aircraft to measure a flight's altitude, which helps pilots land in low visibility. The US Federal Communications Commission sets a.....
Wealth of richest men doubled in pandemic, says Oxfam
January 19, 2022 12:42 AM PST| By Toshiva JainHighlights The 2022 Oxfam report highlights that the collective wealth of the world’s top 10 richest men has doubled in the pandemic. About 99% of the world’s population is in a worse condition due to lockdowns, loss of business, em.....
Walmart is ready to penetrate the Metaverse world
January 18, 2022 10:36 PM PST| By Jasmine AnandHighlights Renowned retailer Walmart is taking a leap into the Metaverse and blockchain technology. It aims to introduce NFTs and create its own crypto in the future and has filed applications for the same. To explore emerging technologies and.....
US stocks tumble as yields rise
January 18, 2022 03:00 PM PST| By Versha JainBenchmark US indices slipped after a sluggish start on Tuesday, January 18, weighed down by financial and technology stocks as Treasury bond yields climbed to a two-year high, raising investors’ concern over the prospect of a sharp rate hike to...
Microsoft buys Activision Blizzard to become third-largest gaming firm
January 18, 2022 08:38 AM PST| By Rupam RoyHighlights Microsoft said it would acquire Activision Blizzard for nearly US$69 billion in an all-cash deal. Since July, Activision has fired over three dozen employees and disciplined around 40 more staff members over sexual harassment and mis.....
Will Tonga’s post-Tsunami crisis affect NZ economy as well?
January 17, 2022 10:39 PM PST| By ManikaHighlights On 15 January, a major volcanic eruption occurred in the South-East Island of Tonga. Significant damage has been reported where all communication lines have been disrupted. New Zealand which is a neighbouring island country ha.....
Why is Singapore alerting people against crypto marketing services?
January 17, 2022 08:59 PM PST| By Jasmine AnandHighlights Singapore’s Central Bank has issued guidelines to limit activities of crypto players for marketing or promoting their services to retail investors. To protect interests of the general public and shield them from extreme price f.....
Why does China want to strengthen economic ties with New Zealand?
January 17, 2022 01:48 AM PST| By ManikaEven though diplomatic ties between China and New Zealand are getting strained, both countries are keen on deepening economic ties. An indication of this is likely the appointment of a new Chinese ambassador who has previously worked on the Belt an.....
Credit Suisse chairman resigns over COVID-19 rules breach
January 17, 2022 01:31 AM PST| By Sukriti NairGlobal conglomerate’s chairman Antonio Horta-Osorio has quit Switzerland-based bank Credit Suisse, on an internal probe over COVID-19 rules breach. Why is the Credit Suisse top boss quitting? In not just one year after he took charge, Osori.....
What led to Cardano’s price rise during weekend?
January 17, 2022 12:04 AM PST| By Jasmine AnandHighlights Cardano, the fifth most popular crypto worldwide, is seeing the maximum rise in its prices over the past seven days as compared to its peers. It rose by more than 19% since the last week, owing to a boost in investors' confidence. I.....
US stocks end mixed after gloomy economic data
January 14, 2022 01:00 PM PST| By Rupam RoyDow Jones retreated on Friday, January 14, dragged down by the decline in some heavyweight financial stocks after reporting their quarterly earnings results, while gains in the technology stocks fuelled gains in Nasdaq and S&P 500 index. Meanwhi...
