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Twitter, Caterpillar Stocks Plunge After Strong Quarterly Results
April 29, 2021 04:47 PM PDT| By Team Kalkine MediaSummary Twitter stock plunged 11.25% to US$65.09 while Caterpillar ended the session down 0.10% to US$227.24 per share after regaining from a 2.08% slump in intraday trade. Twitter revenues jumped 28% to US$1.04 billion in the first quarter of .....
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US GDP Grows By 6.4% In First Quarter As Economy Reopens
April 29, 2021 02:36 PM PDT| By Team Kalkine MediaSummary This strong impetus in the economy reflects the increased consumer spending, a key factor of GDP growth. A raft of government measures from rapid vaccination to financial aid to US households has helped rekindle demand, which pushed the.....
VISA INC. Price Hits a New Lifetime High
April 29, 2021 02:00 PM PDT| By Team Kalkine MediaSummary VISA INC. gained 1.54 percent in the last trading session and has delivered ~14.81 percent returns in the last one month. Post breaking out of a crucial resistance level the stock hit a new lifetime high. Stock prices are trading in a.....
McDonald’s, Yum! Brands Q1 Sales Exceed Pre-Pandemic Level
April 29, 2021 01:39 PM PDT| By Team Kalkine MediaSummary McDonald’s CEO Chris Kempczinski said the company’s first-quarter global comparable sales and revenue surpassed the numbers in the first quarter of 2019. Yum! Brands’ worldwide same-store sales grew 9 percent in the qu.....
Mastercard Outshines Visa In Revenue Growth Despite Similar Challenges
April 29, 2021 11:54 AM PDT| By Team Kalkine MediaSummary Mastercard’s net income rose 8% to US$1.8 billion (GAAP), compared to US$1.7 billion in the same period of 2020. Mastercard CEO Michael Miebach attributed this growth to increased domestic spending, smart deals, and close collabor.....
Ardern Keen On US Ties And Clears NZ’s Stand Regarding Five Eyes Alliance
April 28, 2021 08:34 PM PDT| By Team Kalkine MediaSummary Post the meeting with the US Chamber of Commerce, NZ PM Jacinda Ardern spoke to the media on the issues discussed. The Government is determined to enhance its economic ties with the US. NZ is focused on maintaining stability in the reg.....
Robust ad revenue powers Facebook to 48% topline growth
April 28, 2021 08:32 PM PDT| By Furquan MoharkanSocial media behemoth Facebook Inc (NASDAQ:FB) saw a robust topline growth in Q3, owing to massive surge in the advertising revenues. The world’s largest social media company saw its revenues surging by 48% to US$26.17 billion in the quarter.....
US Fed maintains status quo on interest rate, bond purchases
April 28, 2021 07:49 PM PDT| By Furquan MoharkanThe American central bank, the US Federal Reserve (Fed), on Wednesday, maintained the interest rates near zero as part of its easy monetary policy, despite anticipating economic acceleration and higher inflation. The 11 members in the board of gov.....
CDC Asks Vaccinated Americans to Do Away With Masks. Is It Too Early A Decision?
April 28, 2021 07:01 PM PDT| By ManikaSummary CDC announced Wednesday that Americans didn’t need to mask up if they were fully vaccinated. CDC qualified that if going in large gatherings, masks might be needed. Does this guidance signals America’s return to normalcy. .....
Apple net profits double in Q2
April 28, 2021 06:11 PM PDT| By Furquan MoharkanWorld’s largest technology company by market capitalisation, Apple Inc (NASDAQ:AAPL), reported doubling of its net profits in first quarter of the financial year 2021. Apple reported net profit of US$23.63 billion in the quarter ended March .....
Deutsche Bank logs best quarterly show in 28 quarters
April 28, 2021 01:30 AM PDT| By Furquan MoharkanSummary Deutsche Bank reports net profit of EUR908 million – best in 7 years Investment banking propels 14% growth in the revenues Lesser expenses, provisions help the bank Following in the footsteps of its Wall Street peers, German.....
Bitcoin regains lost ground on reports of JPMorgan fund
April 27, 2021 08:15 PM PDT| By Team Kalkine MediaBitcoin (BTC), the most popular cryptocurrency, extended gain on Tuesday as investors took opportunity of the last week’s dip in prices to pile up their digital currency assets. The price of bitcoin climbed as high as US$55,514 in the past 2.....
COVID-19 onslaught at its peak: India marks its deadliest day of pandemic
April 27, 2021 08:00 PM PDT| By Furquan MoharkanThe concerns over have increased manifolds, as the world’s second most populous country – India – marked its deadliest day since the onset of the pandemic. There seemed to be no let-up in the unrelenting onslaught of COVID-19 as .....
NZ Extends Helping Hand to India Amid COVID-19 crisis
April 27, 2021 07:34 PM PDT| By Team Kalkine MediaSummary India is experiencing a harrowing crisis due to COVID-19 with record infections and deaths. The NZ Government assures all possible help to its Indian counterpart. Kiwi players praise the tight bio-secure bubble of the IPL franchises, d.....
Google shares surge on buyback worth US$50 billion
April 27, 2021 06:46 PM PDT| By Furquan MoharkanSummary Google’s shares have surged by 450 bps in the afterhours of trade. The rally has been triggered by a massive buyback. Alphabet Inc has announced blockbuster quarterly results The shares of technology giant Alphabet Inc (NASD.....
What caused NZ to lose top COVID-Resilient Nation's Position to Singapore
April 27, 2021 05:45 PM PDT| By Team Kalkine MediaSummary Singapore is now the coronavirus pandemic's most resilient country, NZ slips down slightly by 0.1 points. Around one-fifth of the Singapore’s population has already been vaccinated. Singaporeans remained cautious with Societal Tr.....
A Glance at NZ’s GHG Emissions Profile
April 27, 2021 05:08 PM PDT| By SonalAbout 50% of the greenhouse gas emissions in NZ arise from agricultural sector. The main source of agriculture emissions is methane (75% of agricultural emissions) from livestock systems like cattle, sheep and deer. Nitrogen oxide is the next bigges...
Alphabet Shares Up 4.5% In Extended Trading On Strong Q1 Revenue Growth
April 27, 2021 04:41 PM PDT| By Team Kalkine MediaSummary Strong advertising revenue and cloud business fuelled a 34 percent year-over-year growth in first-quarter revenue. Alphabet’s net income more than doubled to US$17.93 billion from US$6.84 billion in the year-ago quarter. The Goog.....
Microsoft’s (NASDAQ:MSFT) Q3 Net Profit Up 44% On Cloud Growth
April 27, 2021 04:05 PM PDT| By Team Kalkine MediaSummary Microsoft’s total revenues rose 19% to US$41.7 billion, while its operating income jumped 31% to US$17 billion in the quarter ended March 31, 2021. Microsoft stocks (NASDAQ:MSFT) were trading flat at US$261.97 at 4:00 pm ET on Tue.....
General Electric Shares Decline As Company Posts Q1’21 Loss
April 27, 2021 12:54 PM PDT| By Team Kalkine MediaSummary Aviation and healthcare segments saw their profit decline in double digits, while loss in the power and renewable segments narrowed. The company recorded a net loss of US$2.6 billion following the sale of GE Capital Aviation Services. .....
