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World news
Is a third US stimulus check around the corner?
March 01, 2021 01:10 PM PST| By AayushSource: ungvar,Shutterstock Summary Democrats are pushing to pass a US$1.9 trillion coronavirus relief bill this week. The terms have called for direct payment of US$1,400 to each individual based on the same income thresholds as the prio...
Former French President Sarkozy Gets 1-Year Prison Term in Graft Case
March 01, 2021 08:09 AM PST| By Ipsita SarkarSource: sebra, Shutterstock Summary Nicolas Sarkozy is accused of helping a magistrate in securing a prestigious job while in office. Handing out the prison sentence, Presiding Judge Christine Mée noted that his action was serio...
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Ardern urges Kiwis to assist in implementing COVID-19 lockdown rules
February 28, 2021 11:38 PM PST| By Team Kalkine Mediag to those people who are undermining the country’s coronavirus response. At a press briefing on 1 March, Ardern stated that breaking the rules was intolerable and people who had done the same were already facing the full judgement of the...
How Would GameStop And AMC Entertainment Fare During The Week Ahead?
February 28, 2021 10:25 PM PST| By Mark O'DonnellSource: m_sovinskii, Shutterstock Two stocks caught up in the short squeeze frenzy of the past two months had an interesting five days on the NYSE last week. GameStop Corp (NYSE:GME) and AMC Entertainment Holdings Inc (NYSE:AMC) are both heavily sh...
Are Investors Dropping Gold For Bonds?
February 28, 2021 07:17 PM PST| By Mark O'Donnelland platinum also fell by similar levels to gold during Friday’s trading session. US Treasury Bond yields are affecting more than just stock markets around the world. Precious metals have also seen a considerable drop in desirability and p...
Will the US Markets Continue Bullish Momentum?
February 28, 2021 06:36 PM PST| By Team Kalkine MediaSource: Mike Flippo ,Shutterstock Summary The S&P 500 has broken the major resistance zone on the weekly chart and now prices are getting major support from the Parabolic SAR indicator. On the weekly charts, the S&P 500 is trading...
Australia crowned as the most attractive region for mining investors
February 28, 2021 04:57 PM PST| By Team Kalkine MediaSource: FOTOGRIN,Shutterstock Summary Australia featured on the list of the most attractive regions in the world for mining investment. US state Nevada showed a tremendous improvement and bagged the top position in the 2020 Investment Att...
Higher bond yields: What it means for your portfolio?
February 28, 2021 04:17 PM PST| By AayushSource: Mike_shots ,Shutterstock Summary The US 10-year treasuries’ yield surpassed 1.6 per cent, highest in one year. Higher bond yield is theoretically bad for equity markets. However, high economic growth can offset the negative...
COVID-19: Auckland Slips Back Under Lockdown 3
February 27, 2021 10:29 PM PST| By Manikatrong> Rest of New Zealand is under under lockdown 2 New Zealand’s biggest city Auckland is under a lockdown level-3 for seven days starting from February 28. The Prime Minister, of New Zealand, Jacinda Adern said that t...
Easy-To-Use J&J COVID-19 Vaccine: How Effective Is It?
February 27, 2021 10:24 PM PST| By Manikai> It’s efficacy in preventing severity is 82% The big question about Covid-19 today is: Will the new variants outpace the vaccines? Will the scientist match up with new vaccines to match up to the new variants. In...
America’s $1.9 trillion COVID-19 Relief Package Passed in the House, What’s next?
February 27, 2021 10:15 PM PST| By Manikang the Bill passed as the previous employment aid programe expires America’s major rescue plan of $1.9 trillion for coronavirus pandemic which was passed in the House on Saturday is now headed to the Senate. The Senate is expected to sta...
Airbnb Raises Recovery Optimism Despite Weak Results
February 27, 2021 06:09 PM PST| By Suhita Poddarhe whole of 2020. However, the company has fared better than its rival companies. The coronavirus pandemic continues to weigh on the travel industry across the world amid the growing number of cases and further implementation of restrictions. U...
Two COVID-19 vaccines that are helping the world get over the pandemic
February 27, 2021 05:20 AM PST| By Team Kalkine MediaSource: siam.pukkato, Shutterstock Summary Pfizer-BioNTech and Oxford-AstraZeneca’s respective COVID-19 vaccines were found to have reduced hospitalization in the UK. The two vaccines also proved effective against the contagious UK varia...
US Stocks End Week Mixed on Rate Fears, Bond Yield Rise
February 26, 2021 01:32 PM PST| By Team Kalkine MediaSource: Cezary Piwowarski ,Shutterstock Summary S&P 500 shed 0.48%, Dow Jones plunged 1.50%, and NASDAQ was up 0.56%. Real estate, financials, industrials, energy, and consumer cyclicals saw muted gains. Berkshire Hathaway Inc. to pr...
How Are NZ Businesses Progressing on Climate Change and Sustainability?
February 26, 2021 10:18 AM PST| By RomaSource: cornfield, Shutterstock Summary The Paris Agreement gives sustainability goals to countries. Several organisations from the world over are making stringent efforts to leave a nominal carbon footprint. New Zealand organisations taking...
Blue Origin, Virgin Galactic delay trip to space
February 26, 2021 04:01 AM PST| By Team Kalkine Mediaits spaceflight test from February 2021 to May 2021 due to corrective work going on. As per the reports, two major space ventures have postponed the schedules of their respective space trips. These include Jeff Bezos' Blue Origin, which delayed...
US Tech Stocks Down Due To Attractive Bond Yields
February 25, 2021 08:57 PM PST| By Mark O'Donnellopments. Stocks are down globally, including the ones listed with the NZX and ASX. The US stocks experienced large sell-offs during the trading session of Thursday. Tech stocks were particularly hard hit. The tech-heavy NASDAQ composite dropped...
Tesla (NASDAQ:TSLA) Competing With Fast-Growing China Based EVs
February 25, 2021 07:14 PM PST| By Mark O'DonnellSource: Ascannio ,Shutterstock Summary Investors in China based EV manufacturers hope the companies would build upon their success in China and grab some of Tesla’s global market share. The leading Chinese EV brand Nio has proved in...
Wall Street Ends Lower; What Weighed On Stocks
February 25, 2021 01:58 PM PST| By Team Kalkine MediaSource: G-Stock Studio, Shutterstock Summary S&P 500 fell 2.45%, NASDAQ dropped 3.52%, and Dow Jones shed 1.75%. Industrials, technology, consumer cyclical, energy, and real estate drag down indexes. US economy grew at 4.1% in the fo...
Square (NYSE:SQ) Bitcoin Stake Reaches US$220 Million
February 24, 2021 08:49 PM PST| By Mark O'DonnellroStrategy’s CEO believes Bitcoin could be worth US$100 trillion one day. Square Inc (NYSE:SQ) has recently reported the purchase of US$170 million worth of Bitcoin. The announcement coincides with the release of the merchant payment compa...
