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US stocks close higher on strong earnings reports
October 14, 2021 03:04 PM PDT| By Sanjeeb BaruahBenchmark US indices closed higher on Thursday, October 14, boosted by strong quarterly results of major banks and upbeat economic data that helped alleviate investors’ concerns. The S&P 500 was up 1.71% to 4438.26. The Dow Jones rose 1.56...
Is China’s loss in crypto mining space US’ gain?
October 13, 2021 09:48 PM PDT| By Jasmine AnandWith the Chinese government declaring a blanket ban on all sorts of crypto activities in the country, its share of global Bitcoin mining has plummeted to almost zero. According to a research conducted by the Cambridge Bitcoin Electricity Consumpti.....
US stocks close flat after inflation data
October 13, 2021 02:58 PM PDT| By Sanjeeb BaruahBenchmark US indices closed flat on Wednesday, October 13, after government data showed inflation rose in September, increasing the possibility of stimulus tapering sooner than expected. The S&P 500 was up 0.30% to 4,363.80. The Dow Jones stayed...
US inflation exceeds forecast; food, rent, cars get more expensive
October 13, 2021 11:51 AM PDT| By Sanjeeb BaruahUS consumer prices jumped across the board in September from food, home rent, cars to electronics items, thanks to inflation which outpaced analysts’ expectations. The Labor Department’s latest Consumer Price Index (CPI) figures are li.....
What is proton (XPR)?
October 12, 2021 10:25 PM PDT| By Jasmine AnandWith a massive rise in the popularity of Bitcoin, many tech-savvy investors are keen to invest in the crypto market. This has given a rise to the advent and creation of many new cryptos, equipped with the latest and unique features. One such new cr.....
India’s power grids are struggling to meet the resurgent energy demand
October 12, 2021 07:20 PM PDT| By Arpit VermaIndia has faced a persistent shortage of electricity since the beginning of October as the country’s power plants were unable to fulfill the rising electricity demand as the economy rebounds after last year’s coronavirus recessions. Th.....
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US stocks close in red amid inflation concerns
October 12, 2021 03:20 PM PDT| By Sanjeeb BaruahBenchmark US indices closed lower on Tuesday, October 12, dragged down by bluechip technology and healthcare stocks as investors trudged cautiously amid inflation concerns. The S&P 500 fell 0.24% to 4,350.65. The Dow Jones fell 0.34% to 34...
What is Sri Lanka doing to entice investments in blockchain?
October 11, 2021 08:55 PM PDT| By Jasmine AnandHighlights In order to create a crypto-friendly business environment, Sri Lanka announces setting up a committee to study the regulatory framework related to crypto mining and blockchain technology. The committee was proposed in order to attrac.....
Chevron pledges to achieve net operational neutrality by 2050
October 11, 2021 07:25 PM PDT| By Arpit VermaThe American multinational energy corporation, Chevron Corp on Monday decided to set targets for cutting and reducing operational emissions and become carbon neutral by 2050. This would be a significant step for the company to join the league for t.....
US economists Card, Angrist and Imbens awarded 2021 Nobel Prize
October 11, 2021 05:55 PM PDT| By Team Kalkine MediaUS professors David Card, Joshua D Angrist, and Guido W Imbens were awarded this year’s Nobel Prize for economics. Card, an economics professor at the University of California, Berkeley, has won the prize for his contribution to labor economi.....
US stocks drift on skyrocketing oil prices, inflation worries
October 11, 2021 03:34 PM PDT| By Sanjeeb BaruahBenchmark US indices closed lower on Monday, October 11, dragged down by losses in utility, healthcare, and technology stocks amid rising global oil prices that renewed inflation concerns. The S&P 500 was down 0.69% to 4,361.19. The Dow Jones fe...
US crude jumps 7-year high to US$81.50 a barrel
October 11, 2021 09:07 AM PDT| By Sanjeeb BaruahUS crude prices rose by 2% on Monday morning to hit a seven-year high of US$81.50 a barrel. Since October last year, oil prices have climbed more than 120%. Monday’s price gain, if sustained, will be the first time the US benchmark would clos.....
Hefty fine on Meituan sparks rally in China tech shares
October 11, 2021 01:43 AM PDT| By Furquan MoharkanHighlights Shares of Chinese tech giants in Hong Kong have surged. Meituan leads the surge in Chinese tech shares. ASX 200 has underperformed its peers in the regional rally. Shares of Chinese online retail platform Meituan on Monda.....
Knitting values of saffron in India, Iran & Spain
October 11, 2021 01:10 AM PDT| By Toshiva JainImage source: © Viperagp | Megapixl.com Saffron flowers Saffron, the golden flower, carries rich ancient history, and it is one of the elitist spice in the world. The rich-golden-hue coloured saffron has multiple usages, from food to praye...
Why are Ripple and Polkadot’s prices surging?
October 10, 2021 09:44 PM PDT| By Jasmine AnandHighlights Crypto prices have witnessed a climb over the past week, with prices of major cryptocurrencies, including Bitcoin and Ethereum, experiencing upwards price trends. Other famous cryptos like Ripple and Polkadot too have witnessed a sha.....
Lessons from the Google Chrome hack
October 10, 2021 08:35 PM PDT| By SamtaHighlights Around 2.6 billion Google Chrome users are on high alert after the company confirmed multiple new high-level hacks. The company has confirmed an exploit of CVE-2021-37973, exists in the wild. Hackers have attacked the browser by do.....
Asia Pacific has its rep in US$100 billion rich club: India’s Mukesh Ambani
October 10, 2021 05:07 PM PDT| By Furquan MoharkanIndia’s richest man Mukesh Ambani has made to the elite US$100-billion rich list – and is the first person from the Asia Pacific region to do so. Mr Ambani is valued at a whopping US$101 billion, as his net worth has surged 31% or US$2.....
Global minimum tax rate: Key things to know about the landmark deal
October 09, 2021 08:30 PM PDT| By AshishAfter years of disagreement and rounds of discussions, the world leaders finally reached a landmark deal on a global corporate minimum tax rate. According to the deal, which is said to be a gamechanger for global economies, the group of developed n.....
Want to raise capital for your startup? Find out here
October 09, 2021 06:22 AM PDT| By Sanjeeb BaruahHighlights Raising capital for startups is often challenging. Self-funding or loans from family and friends can be easier initially. Angel Investors or Venture Capitalists often fund promising startups. However, banks remain the traditional .....
The Great Resignation: How employers can entice quality employees
October 09, 2021 06:17 AM PDT| By Team Kalkine MediaThe last several months have seen a lot of resignations in several industries, in the US and worldwide. Anthony Klotz, a Psychologist and Professor at Texas A&M introduced the term “Great Resignation”. It is an understatement .....
