News

US Markets Close Higher As Energy, Consumer Stocks Lead Broad Rally

All benchmark US indices closed higher on Wednesday, May 26, as investors resumed their bets on economy-linked stocks after inflation worries began to...

COVID-19 Vaccine Development: A Glance at the Latest Updates around...

With several global pharmaceutical companies launching their respective vaccines for the adult population, they are now evaluating them in adolescents...

Will EV Market Help New Zealand Reach Zero Carbon Level?

Summary Clean Car Standard Scheme keeps a tab on the supply of automobiles reaching the NZ region. Budget 2021 has made a substantial allocation t...

Amazon Announces US$8.45B Deal To Buy MGM

Amazon.Com Inc. (NASDAQ:AMZN) said on May 26 that it agreed to buy entertainment company MGM for US$8.45 billion. California-based MGM, Metro-Goldwyn...

Elon Musk’s Dogecoin Preference Backed By “Dogs and Memes”

Tesla Chief Executive and esoteric cryptocurrency enthusiast Elon Musk tweeted over the weekend why he backs Dogecoin over other cryptos like Bitcoin...

Is COVID-19 preying more on vulnerable countries?

Summary India remains the epicentre of the coronavirus. Virus is spreading more in the countries with weak health infrastructure. Vaccination sho...

Cyberattack Cripples Waikato Healthcare Services

Summary New Zealand’s Waikato health systems hit by cyberattack, which paralysed the region’s healthcare services. Hospitals forced to...

Countries to Take A Vow For Productive, Climate-Controlled Tomorrow

Summary UN Secretary General calls for a round table conference of world leaders. They will rally to focus on sustainable development. COVID-19 v...

Crypto Day Traders a Big Cause of Crash

Summary Crypto day traders taking excessive positions on crypto were a major cause of Bitcoin’s massive fall in the past week. China’s...

No Surprises As RBNZ Keeps OCR Unchanged At 0.25%  

 In line with the expectations, the Reserve Bank of New Zealand (RBNZ) decided to keep the current monetary support with OCR unchanged at 0.25%....

APAC markets open mostly in green; ASX200 up 14 bps

Summary APAC markets have opened mostly in green. The Hang Seng Index is the best performer in the region. ASX200 is up 14 bps. The markets...

GOP To Make A Counteroffer of US$1trillion To Biden's Infra Plan

Summary President Biden is pursuing bipartisan support for the bill, which seeks to revamp the country's infrastructure, including roads, bridges,...

Why is Tesla doing away with radar for Autopilot in some models?

ong>The transition is only applicable in Canada and US. Some features would be disabled during the transition period. Electric vehicle manufactu...

New Zealand imports surge in April led by vehicles and crude oil

The monthly trade balance of New Zealand was a surplus of $388 million in April 2021, as per the data released by Stats NZ on overseas merchandise tra...

US Home Prices Surge To 15-Year High Amid Scarce Supply

Summary Home prices in 20 major US cities have gone up due to high demand and low supply. There were 1.07 million homes on sale in March, 28.2% lo...

US Stocks End Flat Amid Mixed Cues, Soaring Home Prices

US stock markets closed flat on Tuesday, May 25, a day after a solid headstart for the week, as investors remained cautious amid volatility in the mar...

Why Did New Zealand adjourn travel bubble with Victoria?

COVID-19 continues to spook the entire world with new variants and has wreaked  enormous havoc in some regions, especially the sub-continent. Th...

Moderna To Seek FDA, Global Approval For New Children Covid Drug

Moderna, Inc. (NASDAQ: MRNA) said on May 25 that a clinical study of its COVID-19 vaccine mRNA-1273 showed 100 percent effectiveness in the 12 to 17 y...

What Is Polygon (MATIC) Crypto? What Is Its Price Prediction?

Polygon (formerly Matic Network) is an easy-to-navigate blockchain platform for Ethereum infrastructure scaling and expansion. Its core components sup...

Have you sold all your Bitcoins? Sustainability Versus Risk

Summary Bitcoin has lost almost 50% of its value since April when it hit a high of US$65,000, leading to serious concerns about its future and whet...