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News
US stocks rally on Senate debt-ceiling extension deal
October 08, 2021 09:00 AM AEDT| By Sanjeeb BaruahUS stock markets closed higher on Thursday, October 7, pulled up by gains in the technology sector as positive sentiments grew after the Senate secured a crucial debt-ceiling extension deal. The S&P 500 was up 0.83% to 4,399.76. The Dow Jones ro...
Are these stocks safe from inflation, currency fluctuations?
October 08, 2021 08:00 AM AEDT| By Sanjeeb BaruahHighlights Inflation rose by 5.3% in the 12 months to August, the Labor Department said. The US Dollar Index (DXY) jumped 1.88% in the past three months and 4.69% YTD. Typically, when inflation rises, the value stocks benefit, but growth stock...
Grom Social (GROM), Rocket Lab (RKLB) stocks rally after recent deals
October 08, 2021 04:43 AM AEDT| By Ipsita SarkarHighlights Grom Social Enterprises, Inc. (NASDAQ: GROM) has recently acquired Curiosity Ink, which is currently working on a theatre project called "The Pirate Princess." Rocket Lab USA, Inc. (NASDAQ: RKLB) has recently bagged a NASA contract f...
Earnings Alert: Lamb (LW), Tilray (TLRY) post solid quarterly revenue
October 08, 2021 03:27 AM AEDT| By Ipsita SarkarHighlights Lamb Weston Holdings, Inc’s (NYSE: LW) net sales jumped 13% to US$984.2 million in Q1, 2021. Lamb Weston’s upcoming ex-dividend date is Nov 04, 2021, for a dividend of US$0.235. Tilray, Inc’s. (NASDAQ: TLRY) revenu...
Is Shiba Inu the future altcoin? Know price prediction as it nears ATH
October 08, 2021 01:11 AM AEDT| By Raza NaqviShiba Inu (SHIB) has surpassed Binance USD, Litecoin, Chainlink, Bitcoin Cash, and Algorand to enter the list of top 15 cryptocurrencies in the world in terms of market capitalization. The crypto named after the breed of a Japanese hunting dog rec...
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Is NFT & Fashion, a match made in heaven?
October 07, 2021 11:39 PM AEDT| By Manu ShankarThe non-fungible tokens (NFT) have grown exponentially over the last few months. From sports to art to games, NFTs have managed to enter major markets, and today, many stars, celebrities, artists, clubs etc., are finding it as a unique platform to ...
Gravitoken Crypto: A marketing push, a scam or unique mechanism?
October 07, 2021 09:36 PM AEDT| By Manu ShankarGravitoken (GRV) is a community driven DeFi token, which has an elastic supply mechanism. Launched in 2021, Gravitoken operates on the Binance Smart Chain and is mathematically designed in a way, which would protect the investments by growing liqui...
Selected EU nations suspend Moderna’s vaccine for young adults
October 07, 2021 08:19 PM AEDT| By Tripti JoshiHighlights Moderna’s COVID-19 vaccine suspended in some counties for younger adults due to some rare side effects. Sweden, Norway, and Denmark paused Moderna’s COVID-19 vaccine and urged younger adults to take Pfizer/BioNTech ...
Where Is Bitcoin Headed After Its Latest Jump Past $55K?
October 07, 2021 07:22 PM AEDT| By Daniel Paul JohnsThe Bitcoin bulls have been validated in the past week as Bitcoin surged past US$50,000 and today reached US$55,000. The latest rise from Bitcoin is the largest and steepest since its ascent to its record high of US$64,000 in April this year and i...
Has Brexit affected UK’s passport power?
October 07, 2021 07:17 PM AEDT| By Priya BhandariHighlights Japan and Singapore topped the list of Henley Passport Index that uses data from the international Air Travel Association. The UK secured seventh place with Greece, Malta, the US, and Norway with ability to visit 185 countries. In 2...
Hong Kong shares lead the Asia Pacific rally
October 07, 2021 06:13 PM AEDT| By Furquan MoharkanThe rally in equities of Asia Pacific region on Thursday was led by shares in Hong Kong – a geographical sub-region that has seen its markets get battered this year despite a global rally. The Hong Kong benchmark, Hang Seng index, was up 2.1...
China, Taiwan relationship at worst in last four decades: Taiwan
October 07, 2021 06:09 PM AEDT| By SamtaHighlights China-Taiwan geopolitical tensions have dominated the headlines in the recent days. The cold war like rhetoric can worsen racism against Asian Australians. China sees Taiwan as the part of its territory, but Taiwan sees itself as a...
France to redefine relationship with Australia
October 07, 2021 04:09 PM AEDT| By SamtaHighlights France is sending its ambassador back to Canberra as it tries to redefine future relations with Australia. French Foreign Minister said that this step will end the programme for the future submarines. Paris had entirely reviewed it...
How does Ripple payment work?
October 07, 2021 03:57 PM AEDT| By Jasmine AnandHighlights Ripple, which is both crypto and a payment method, is much sought-after by larger financial organisations for settling their cross-border payments. Its transaction fees are very small when compared to banks and other cryptos, thus ma...
Is It An Oversimplification to Say All NFTs Are Bad For the Environment?
October 07, 2021 03:14 PM AEDT| By Daniel Paul JohnsHighlights A recent report by carbon analyst, Erin Davies, outlines that, on average, a piece of printed art results in around 2.5 kilograms of extra CO2 emissions The report estimates one NFT’s lifetime CO2 emissions equate to a car trav...
How would Contact’s (NZX:CEN) latest deal drive renewable electricity demand?
October 07, 2021 02:21 PM AEDT| By SonalHighlights Contact Energy has signed deals with 2 firms to supply renewable electricity for 10 years. Contact also signed a renewable electricity deal with Genesis in August. The Group aims to increase demand for its renewable electricity by r...
Qantas performs longest ever flight of over 17 hours
October 07, 2021 01:48 PM AEDT| By SamtaHighlights Qantas successfully performed their longest-ever commercial flight of over 17 hours. QF14 flew entirely in the daylight experiencing average headwinds of up to 35 kilometers per hour. This was Qantas’s longest ever non-stop fl...
US stocks edge higher after weak start in early trade
October 07, 2021 08:50 AM AEDT| By Sanjeeb BaruahBenchmark US indices closed higher on Wednesday, October 6, as stocks recovered following a weak start to the trading day and bullish sentiments rose after lawmakers sealed a debt-ceiling deal. The S&P 500 was up 0.41% to 4,363.55. The Dow Jones...
Five technology trends defining the US market
October 07, 2021 06:12 AM AEDT| By Sanjeeb BaruahHighlights More than 760 technology companies are listed on the top three US stock exchanges. Technology plays a key role in the evolution of products, businesses, and markets. Technologies like Blockchain, IoT, AI, Cybersecurity a...
Constellation (STZ), Acuity (AYI) post strong quarterly sales growth
October 07, 2021 02:59 AM AEDT| By Ipsita SarkarHighlights Net sales of Constellation Brands, Inc. (NYSE: STZ) ticked up 5% in Q2, FY22. Net sales of Acuity Brands, Inc. (NYSE: AYI) surged 11.4% YoY in Q4, FY21. STZ expects its beer sales to grow between 9% and 11% in fiscal 2022. Cons...
