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Didi: Why this Chinese ride-hailing giant wants to delist from NYSE?
December 03, 2021 01:18 AM PST| By Sreenivas D AjankarHighlights Chinese ride-hailing service provider Didi Chuxing said on Friday that it plans to delist its stock from the New York Stock Exchange. The company’s decision to delist its shares has come within six months of listing follo.....
US stocks rise, lifted by financial, energy stocks
December 02, 2021 01:33 PM PST| By Versha JainBenchmark US indices closed higher on Thursday, December 2, as stocks across all sectors, including financial, energy, healthcare, and technology, moved higher after Omicron concerns waned. The S&P 500 rose 1.42% to 4,577.10. The Dow Jones surge...
Microsoft’s (MSFT) new Teams Essentials is dirt cheap – know features
December 02, 2021 11:45 AM PST| By Sanjeeb BaruahHighlights The latest version is specially designed for small businesses and has key features like video calls, file sharing, calendaring, and group chat. Teams Essentials is Microsoft’s first standalone service, separate from its Office.....
Square Inc (SQ) changes corporate name to Block
December 02, 2021 10:13 AM PST| By Team Kalkine MediaHighlights Square Inc will officially become Block on Dec 10, the company said in a release on Wednesday. Square Inc’s ticker symbol SQ on the NYSE exchange will remain as it is. The company also said there would be no organizational c.....
US indices close lower, weighed down by tech, financial stocks
December 01, 2021 01:32 PM PST| By Versha JainAll key benchmark US indices closed in the red on Wednesday, December 1, weighed down by technology, basic materials, and financial stocks amid mixed global cues. The S&P 500 was down 0.42% to 4,547.63. The Dow Jones declined 0.69% to 34,246.34....
US stocks retreat on Omicron, inflation fears
November 30, 2021 01:30 PM PST| By Versha JainUS stocks slid on Tuesday, November 30, recording one of their worst performances in recent days as concerns over the new Covid-19 variant Omicron weighed on investors’ minds. The S&P 500 was down 1.90% to 4,567.00. The Dow Jones declined...
US stocks close higher as oil prices surge, Omicron worries ebb
November 29, 2021 01:31 PM PST| By Versha JainBenchmark US indices closed higher on Monday, November 29, after the major stock segments saw gains amid soaring oil prices and fading concerns around the Omicron variant of Covid-19. The S&P 500 climbed 1.32% to 4,655.12. The Dow Jones was up 0...
Who is Parag Agrawal?
November 29, 2021 11:11 AM PST| By Versha JainHighlights Parag Agrawal is appointed as the new CEO of Twitter, succeeding Jack Dorsey. Agrawal completed his bachelor’s degree from IIT-Bombay and PhD from Stanford University in Computer Science. He has been with Twitter since 2011. .....
Why is Jack Dorsey stepping down as Twitter CEO?
November 29, 2021 10:09 AM PST| By Rupam RoyHighlights Jack Dorsey will step down as Twitter CEO. Parag Agrawal has been appointed as Twitter’s new CEO. Bret Taylor has been named as the new board chairman of Twitter. Twitter, Inc. (NYSE: TWTR) has named Parag Agrawal as the .....
World in panic mode as Omicron arrives
November 28, 2021 04:18 AM PST| By AkshayHighlights Omicron has made its way to the UK, Germany, Italy, Israel, Belgium and Hong Kong. WHO has classified the new infection as a “variant of concern”. Omicron or B.1.1.529 strain was first confirmed from a sample collected o.....
US markets slip on new covid variant fears
November 26, 2021 01:28 PM PST| By Versha JainBenchmark US indices wrapped up the week on a gloomy note Friday, November 26, after concerns over a new covid variant in South Africa triggered bearish sentiments. The S&P 500 fell 2.27% to 4,594.62. The Dow Jones fell 2.53% to 34,899.34. The N...
Polestar 5 sedan reveals production timeline, up against Tesla, Lucid
November 26, 2021 10:11 AM PST| By Versha JainHighlights Polestar plans to launch its electric sedan Polestar 5 to compete against the likes of Lucid and Rivian. Polestar Automotive is owned by Geely. Polestar, a spin-off from Volvo in 2016, was founded as a premium EV maker in 2017. .....
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US stocks close flat after upbeat labor data
November 24, 2021 02:10 PM PST| By Rupam RoyBenchmark US indices closed flat on Wednesday, November 24, after the weekly jobless claims fell to a 52-year low and Fed minutes showed inflation to persist longer than previously thought. The S&P 500 was up 0.23% to 4,701.46. The Dow Jones fel...
Has Bitcoin’s price stabilised after a lean patch past week?
November 23, 2021 10:23 PM PST| By Jasmine AnandHighlights Bitcoin in the last seven days witnessed a decline in its prices and reached the mark of US$56,299.0, recently. However, it is now showing signs of rebound and may go beyond US$60,000. Further, El Salvador reveals its plans to build.....
The Startup Show: A Show For The Virtual Era
November 23, 2021 09:28 PM PST| By Daniel Paul JohnsHighlights Theta TV is advised by Steve Chen, co-founder of YouTube and Justin Kan, co-founder of Twitch Theta TV is advised by Steve Chen, co-founder of YouTube and Justin Kan, co-founder of Twitch The interview with Randi Zuckerberg covers h.....
Rest Super unveils plan to invest in cryptocurrency
November 23, 2021 06:09 PM PST| By Priyanka PayalThe future is digital, and cryptocurrency, also known as virtual currency, has become a hot topic these days. As Cryptocurrencies are gaining popularity across the globe, more and more companies are showing interest in the digital currency. In the .....
US markets close mixed as tech stocks take a hit, bond yields rise
November 23, 2021 02:29 PM PST| By Versha JainBenchmark US indices closed mixed on Tuesday, November 23, as technology stocks declined, and bond yields rose a day after Biden re-nominated Gerome Powell as Fed chair. The S&P 500 climbed 0.17% to 4,690.70. The Dow Jones was up 0.55% to 35,813...
Elon Musk ups ante with Yelp downgrade in JPMorgan warrant dispute
November 23, 2021 02:14 PM PST| By Versha JainHighlights Tesla-JPMorgan warrant trade dispute took a new turn after Elon Musk threatened the bank to give one-star rating on Yelp in a WSJ interview. The bank said it owes US$162 million from Tesla in a warrant trade case dating back to 2014......
Why is Dogecoin the flavour of the season?
November 22, 2021 09:47 PM PST| By Jasmine AnandHighlights Dogecoin is the most explored crypto on Google, as per reports. This is partly because of Elon Musk’s endorsement of the meme currency, plus it is cheaply priced. Apart from all the hype around DOGE, one crypto which is .....
US stocks close mixed as Biden renominates Powell as Fed chair
November 22, 2021 02:10 PM PST| By Versha JainBenchmark US indices closed mixed on Monday, November 22, as President Joe Biden nominated Jereme Powell as the Federal Reserve chairman for the second time. The S&P 500 declined 0.32% to 4,682.94. The Dow Jones was up 0.05% to 35,619.25. The NA...
