World news
US Stocks Fall, Dragged Down by Tech, Industrials; Is A Rebound On Horizon?
February 18, 2021 01:30 PM PST| By Team Kalkine MediaAll major US stock indexes ended lower on Thursday as the latest data showed jobless claims rose again last week and concerns of a broader economic recovery weighed on the investors’ minds. The S&P 500 plunged 0.44% to 3913.97. The Dow J.....
Facebook's Australia news ban move falsely blocks other pages, including its own
February 18, 2021 03:51 AM PST| By Hina ChowdharyEver since the proposed media law is being debated in the Australian parliament, the tech giants Google and Facebook expressed their non-support. They even labelled it as unworkable. The US didn’t miss the moment of warning Australia .....
NZDF Personnel To Bid Adieu To Afghanistan After Serving 2 Decades
February 17, 2021 06:13 PM PST| By Team Kalkine MediaRecently, New Zealand announced that it will retreat its defense troops, thus, culminating their 2 decades deployment in the Islamic Republic of Afghanistan. NZ Military Personnel’s Journey in Afghanistan As per the latest reports, New Zeal.....
US Markets End Lower; What's Weighing On Stocks?
February 17, 2021 02:04 PM PST| By Team Kalkine MediaUS stock markets ended the session lower on Wednesday after positive retail sales data failed to ignite enthusiasm among investors and uncertainties over the economic recovery remained. The S&P 500 was down 0.03% to 3931.33. The Dow Jones Indu.....
Why Morningstar Credit Ratings Is Under the SEC’s Scanner
February 17, 2021 06:45 AM PST| By Kunal SawhneyThe Securities Exchange Commission (SEC) has filed a lawsuit against Morningstar Credit Ratings LLC for allegedly violating provisions of laws for rating commercial mortgage-backed securities. The Morningstar has been accused of allowing it.....
US Markets End Mixed On Recovery, Earnings Forecast
February 16, 2021 01:46 PM PST| By Team Kalkine MediaUS stock markets ended mixed on Tuesday in anticipation of positive retail earnings and steps by House Democrats to expedite a legislative version of President Joe Biden’s $1.9 trillion stimulus. The S&P 500 was down 0.06% to 3932.59. Th.....
Bitcoin Rockets Past $50000-Mark, Sets Course For US$1-Trillion MCap
February 16, 2021 06:22 AM PST| By Ipsita SarkarBitcoin’s blazing rally continued as the cryptocurrency breached the US$50,000-mark for the first time since its inception over 12 years ago. The crypto giant hit its all-time high price of US$ 50,584.85 on Tuesday morning (February 16) after...
Will Plan to Spin Off Universal Music Keep the Momentum High for Vivendi?
February 16, 2021 06:04 AM PST| By Kunal SawhneyShares of French media conglomerate Vivendi SA (PAR: VIV) rallied nearly 20 per cent on Monday to EUR 31.22 as the company announced its plans to list its profitable division Universal Music Group (UMG) by the end of this year. Last week, the Pari.....
Nissan Denies Tying Up with Apple for Its Electric Car
February 16, 2021 02:29 AM PST| By Team Kalkine MediaJapanese automobile company Nissan (TYO: 7201) announced that it was not in talks with technology major Apple (NASDAQ: AAPL) for developing its a self-driving electric car. According to a Financial Times report, the companies had held brief.....
Equity markets continue their uptrend; Crude oil rises to 13 months high
February 15, 2021 09:40 PM PST| By Kunal SawhneyOn Tuesday, Global markets held the ground firmly and continued their bull run for the 12th straight session on the back of high optimism for the global economic recovery. The low-interest rates are also forcing investors to channelise their money .....
Texans Struggle Amid Deadly Winters and Power Outages
February 15, 2021 07:44 PM PST| By Hina ChowdharyTexas is facing a challenging situation due to the freezing temperature and rolling power blackouts across the state. As extreme weather conditions spiked the demand for electricity, the agency responsible for managing the electric grid has ordered.....
A race against COVID-19: Meet five global vaccine developers in the fray
February 15, 2021 01:34 AM PST| By Kunal SawhneyVaccine development typically requires years of research, testing and additional time for large-scale manufacturing. However, this time researchers across the globe raced against the clock to develop anti-coronavirus vaccines within a year amid the.....
Bitcoin Continues to Zoom, Gold Investors Left Behind?
February 15, 2021 12:20 AM PST| By Kunal SawhneyBitcoin prices are going through the roof again with the digital currency reaching a record high of over USD 49K on 14 February 2021. So far, investors have been negatively correlating the digital asset with gold. However, the recent performance of...
Auckland under lockdown after 3 COVID-19 cases, Australia suspends quarantine-free travel
February 14, 2021 06:35 PM PST| By Team Kalkine MediaOn 14 February, New Zealand reported 3 new locally acquired coronavirus incidents in Auckland, putting the city into a 3-day lockdown. The largest city in NZ went into lockdown on 14 February with the rest of the country set at Alert Level 2. Jaci.....
What is BNY Mellon’s latest initiative into the crypto world?
February 14, 2021 06:18 PM PST| By Team Kalkine MediaThe geopolitical environment around the cryptospace is getting spiced up day by day with a plethora of information emerging in the market. After developments like a bill proposed by the Indian government to ban the currency, many positive news or sen...
Disney nets 146 million paid subscribers in Q4
February 14, 2021 05:24 AM PST| By Team Kalkine MediaSource: Marko Aliaksandr, Shutterstock Summary The Walt Disney company revealed its December quarter results with Disney+ subscriptions being the major source of revenue during the quarter. The company reported that the total paid subscri...
Shopify, Walmart to Report Q4 Earnings Next Week: What to Expect
February 13, 2021 10:47 PM PST| By Hina ChowdharyShopify Inc. (NYSE: SHOP) and Walmart Inc. (NYSE: WMT) are expected to report their fourth-quarter earnings next week. Both the companies were expected to have performed relatively well in the quarter, supported by their increased online sales volu.....
Q4 Earnings Show Market Resilience, Positive Growth
February 13, 2021 09:32 PM PST| By Kunal SawhneyAs one-third of the fourth-quarter earnings season already behind us, markets would be looking forward to ending the remaining period with a positive note. Most of the big companies, at least on the heavyweight S&P 500 index, have either beaten.....
Trump Escapes Conviction, Leaving Door Open for 2024 Run
February 13, 2021 08:28 PM PST| By Team Kalkine MediaFormer US President Donald Trump escaped conviction in a Senate vote on Saturday on charges of inciting insurrection on the Capitol Hill, leaving the door open for another run in the 2024 elections. The sentencing motion was defeated in 57 guilty .....
Three financial strategies for all single men or women
February 13, 2021 07:49 AM PST| By Hina ChowdharyAre you a single man or woman? If yes, have you financially secured your future? Worries would be less for those who have secured their financial future. And for others, it’s time for a serious rethink. Since single people are sole financial .....