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Is GameStop (NYSE:GME) Rallying Again?
February 24, 2021 05:39 PM PST| By Mark O'Donnelltop after testifying before the House Financial Services Committee. The share price of the gaming retailer GameStop Corp (NYSE:GME) was halted at US$91.71 with half an hour left in trading yesterday on the NYSE. The closing price presents ~104%...
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US Stocks Roar Back on Fed Reassurance, Recovery Hopes
February 24, 2021 01:39 PM PST| By Team Kalkine MediaBrands, and others to present earnings reports after markets close. After a brief lull, US stock markets came back strongly to end the session higher on Wednesday, driven by hopes of a faster economic recovery and Fed chief’s reassurances...
Federal Reserve says US unemployment scenario far worse than seen
February 24, 2021 04:56 AM PST| By Team Kalkine MediaSource: Shutterstock Summary Federal Reserve chair Jerome H. Powell said that the US economic revival is incomplete and uneven. Powell said unemployment rate of 6.3% does not give the full picture of the .....
How is the Needle Moving on Greenback Amid Powell’s Latest Comments
February 24, 2021 02:12 AM PST| By Team Kalkine MediaAfter a tumultuous start to 2021, the US Dollar continues to remain volatile with bleak expectations of recovery for the remaining year. Bank experts are of the view that this dismal growth of the greenback was expected to continue throughout 2021 .....
Major shakeup at GameStop; CFO Jim Bell set to quit
February 24, 2021 01:34 AM PST| By Team Kalkine MediaSource: Shutterstock GameStop’s Chief Financial Officer Corp Jim Bell will be leaving the organisation in March this year, the video game giant informed today. The Company, in its official statement, sought to clear the air around the resigna...
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Are Investors Exiting Tech Stocks For Other Growth Sectors?
February 23, 2021 03:46 PM PST| By Team Kalkine Medias. NASDAQ is down around 6% from its peak on February 12. Blue-chip tech stocks have seen a sixth-straight decline in recent days, but could this be a temporary market deviation or a deliberate shift of investors to other high-growth sectors?...
US Markets End Flat Despite Fed’s Supportive Rate Pledge
February 23, 2021 01:41 PM PST| By Team Kalkine Mediaarkets to maintain low rates, rules out inflation pressure for now. US stock markets ended flat for a second consecutive day on Tuesday despite the Federal Reserve’s reassertion to keep the interest rates unchanged and positive retail earn...
Facebook ‘re-friends’ Australia, set to lift news ban
February 23, 2021 01:32 AM PST| By Team Kalkine MediaSource: Shutterstock In a major triumph for Australia, US tech giant Facebook has finally struck a reconciliatory note with the country’s Federal Government. Australian Treasurer Josh Frydenberg informed that Facebook boss Mark Zuckerber...
Bill Gates' game plan on how to avert a climate disaster
February 22, 2021 08:22 PM PST| By Team Kalkine MediaSource: Shutterstock “How to Avoid a Climate Disaster”, the latest book by tech philanthropist Bill Gates is the talk of the town. From environmentalists to governments, all want to dig into the thoughts of the Microsoft legend about the...
US Markets End Lower, Weighted Down By Tech Stocks, Consumer Cyclicals
February 22, 2021 01:37 PM PST| By Team Kalkine Mediaignal higher optimism in the markets of a faster economic recovery. US stock markets ended lower on Monday, weighted down by traditional blue-chip stocks which appeared less attractive as more options open-up for investors amid improvement in th...
Is NZ Tourism living up to its campaign ‘100% Pure New Zealand’?
February 21, 2021 09:37 PM PST| By Kunal Sawhneyterrains, and interests, which separates it from rest of the world. NZ’s Parliamentary Commissioner for the Environment, Simon Upton, on 18 February 2021, voiced his opinion in his 2nd report of Tourism’s Environmental Effects, and c...
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Canada-based Geothermal Start-up Bags USD 40 Million from Oil Giants Chevron & BP
February 21, 2021 06:35 PM PST| By Team Kalkine MediaSource: Sutterstock Eavor Technologies – a Canada-based geothermal energy start-up has received backing from global oil giants Chevron and BP for its geothermal technology. Eavor has secured USD 40 million in the funding round along with few...
Facebook is back with negotiations after blocking AU news pages
February 21, 2021 12:02 AM PST| By Hina ChowdharyAustralian PM Scott Morrison said Facebook Inc (NYSE:FB) has come up with some negotiating discussions after rising tensions regarding the disabling of many pages in the country, including some health and emergency pages. On 18 February 2021, Face.....
COVID-19 vaccine updates from Nook and Corner
February 20, 2021 10:19 PM PST| By Team Kalkine MediaThe pressure is on for nations to vaccinate people against COVID-19, especially when the new strain is also picking the pace. As per media reports, close to 200 million people have been vaccinated, covering more than 85 countries. With the launch o.....
Excitement In Air As Nasa’s Perseverance Rover Lands On Mars
February 20, 2021 05:58 PM PST| By Ipsita SarkarScientists at the National Aeronautics and Space Administration (NASA) were in an ecstasy of joy after the Perseverance Rover made a historic landing on Mars Thursday. NASA is expected to release some of the rare photos of the landing and nearby ar.....
Fishing in troubled waters: Illegal fishing in NZ thrives amid pandemic
February 20, 2021 05:49 AM PST| By ManikaFishing is an important primary industry and is an important source of food for most Kiwis. In fact, for the early settlers, it was the main source of food. New Zealand is also blessed with the largest area and seabed in the world and it’s better...
US Stock Indexes End Week On Positive Note; Energy, Real Estate Gain
February 19, 2021 05:55 PM PST| By Team Kalkine MediaUS stock markets ended Friday’s session on a positive note, buoyed by encouraging manufacturing data and brightening prospects of economic recovery as investors bet big on energy, and real estate. The S&P 500 shed 0.19% to 3906.71. The D.....
Will Volkswagen’s Decision of Separately Listing Porsche Help It?
February 19, 2021 07:00 AM PST| By Team Kalkine MediaGermany-based automobile giant Volkswagen AG (DE: VOW) is reportedly considering listing its luxury sports car brand Porsche separately in a bid to raise capital for its electric car business and make technological investments. According t.....
IMO 2020 Marpol Convention Unfolds, Maersk to Introduce Carbon Neutral Liner by 2023
February 19, 2021 05:18 AM PST| By Kunal SawhneyThe maritime shipping industry is all set to mark an unprecedented shift towards cleaner fuels to reduce their carbon footprint, thanks to the implementation of the International Maritime Organisation (IMO) Annex VI of the MARPOL Convention or the .....
Is technology giant IBM pondering to sell its Watson Health business?
February 18, 2021 11:02 PM PST| By Team Kalkine MediaAccording to some media sources, New York-headquartered International Business Machines Corporation (NYSE:IBM) is searching for a potential buyer to sell its IBM Watson Health unit. The move could potentially help IBM’s newly appointed CEO, A.....
