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News
US stocks drift after inflation data
September 15, 2021 08:10 AM AEST| By Sanjeeb BaruahBenchmark US indices retreated on Tuesday, September 14, after the latest economic data showed inflation grew at a slower pace in August, renewing the focus on Fed's stimulus tapering talks. The S&P 500 was down 0.57% to 4,443.05. The Dow Jones ...
Oracle (ORCL) stock dips, FuelCell (FCEL) rallies as earnings shine
September 15, 2021 04:30 AM AEST| By Sanjeeb BaruahHighlights The net income of Oracle Corporation (NYSE: ORCL) was US$2.45 billion in Q1, FY22. The gross profit of Fuelcell Energy, Inc. (NASDAQ: FCEL) was US$1.10 million in Q3, FY21. The ORCL stock soared 39.44 percent YTD; FCEL declined by 4...
Day after IPO, SGML stock trades flat; EVCM pops after rating upgrade
September 15, 2021 03:51 AM AEST| By Sanjeeb BaruahHighlights Sigma Lithium Corporation (NASDAQ: SGML) has been in the news after it revealed plans to go net-zero emission by 2024. The company debuted in NASDAQ on Sep 13. EverCommerce Inc. (NASDAQ: EVCM) made stock market debut on July 1, 2021....
5 taper-proof stocks to keep an eye on after Fed’s stimulus rollback
September 15, 2021 02:27 AM AEST| By Ipsita SarkarHighlights The consolidated revenue of United Parcel Service, Inc. (NYSE: UPS) soared 14.5% YoY to US$23.42 billion in Q2, FY21. The sales and operating revenue of LyondellBasell Industries (NYSE: LYB) were US$11.56 billion in Q2, FY21. The ne...
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Why are firms rushing to hop on the BNPL bandwagon?
September 15, 2021 01:15 AM AEST| By Sanjeeb BaruahHighlights The Buy Now Pay Later (BNPL) scheme allows buyers to pay for the purchase of goods and services later in installments without any interest charge. BNPL has become popular during the Covid-19 pandemic. Many financial companies are ei...
How do consumers make purchasing decisions?
September 14, 2021 08:18 PM AEST| By Akanksha VashishtHighlights The modern consumer is well-informed and well-equipped with technological tools that help form decisions. As online consumer activity has picked up the pace, individuals have left behind a large trail of data for marketing firm...
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Google fined for abusing mobile market dominance in South Korea
September 14, 2021 07:34 PM AEST| By Team Kalkine MediaHighlights The South Korea’s antitrust agency fined Google for abusing market dominance. Google has been investigated for allegedly using its market position to block smartphone makers as per Korea Fair Trade Commission. The regula...
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South Korea's strict crypto regulations: Will investors face the brunt?
September 14, 2021 07:14 PM AEST| By Manu ShankarHighlights South Korea’s Financial Services Commission (FSC) has given the smaller cryptocurrency exchanges time till September 24 to apply for an official license. If they fail to comply, they could lose their right to operate in the cou...
Litecoin’s prices roll back after Walmart deal hoax
September 14, 2021 05:55 PM AEST| By Manu ShankarHighlights The prices of Litecoin have rolled back to US $178.45 on Tuesday with a 24-hour trading volume of US $8,99,18,83,634. On Monday, news came in that retailer giant Walmart would accept cryptos for its online purchases. However, the ne...
Why is stablecoin catching investors’ attention?
September 14, 2021 05:20 PM AEST| By Daniel Paul JohnsHighlights A stablecoin is a digital currency which is tied to a commodity or fiat currency, like the US dollar A Stablecoin’s value will remain stable even after an extended period of time and this will ease losses should a sig...
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Why people want an overhaul of childcare costs in UK
September 14, 2021 04:29 PM AEST| By Rishika RainaHighlights The UK has the highest childcare costs across the globe after Slovakia and Switzerland. UK Parents are finding the costs unaffordable and are demanding for an overhaul of childcare costs. According to latest OECD data, the UK ha...
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Swiss digital exchange SIX gets green light to launch digital bourse
September 14, 2021 04:23 PM AEST| By AayushHighlights SDX has secured two licences from the Swiss Financial Market Supervisory Authority (FINMA) to act as an exchange and central securities depository. It is planning to establish a global network for digital assets to include major play...
Walmart Hoax Leads to Litecoin Surge
September 14, 2021 04:16 PM AEST| By Daniel Paul JohnsA press release from US retail giant, Walmart, announcing a partnership with cryptocurrency Litecoin, had been declared a hoax. The retailer is looking into how such a slip up could have occurred. The fake announcement briefly led to Litecoin jum...
Oil rises on slow supply recovery from the US
September 14, 2021 12:14 PM AEST| By Team Kalkine MediaStock Photo Oil Prices Rise Crude oil prices soared to six-week high on Monday due to slow recovery in the US output, two weeks after Hurricane Ida hit the coast. The prices were additionally lifted by the concern of another storm that could h...
Iceland starts the world’s largest carbon dioxide capturing plant
September 14, 2021 12:11 PM AEST| By Team Kalkine MediaCarbon Dioxide Capture Technology Iceland has started operating the world’s largest plant that captures carbon dioxide from the air and deposits it into the ground. Climeworks AG, a Swiss start-up has teamed up with Iceland’s carbon stor...
UN warns of starvation crisis in Afghanistan; one million children ‘could die’
September 14, 2021 11:48 AM AEST| By Furquan MoharkanHighlights UNICEF warns of one million starvation cases by this year in Afghanistan. The UN body’s chief fears that many will die of starvation. 600,000 people, more than half of whom are children, have been displaced by conflict. O...
Apple iPhone 13 launch: Five things to know about California Streaming event
September 14, 2021 11:10 AM AEST| By AshishApple is all set for the launch of its much-hyped grand event scheduled on 14 September. The Apple’s fall event, titled California Streaming, will be hosted virtually and is highly expected to unveil four new iPhone models-- iPhone 13, iPhone...
Is Meridian Energy(NZX:MEL) on a growth path post FY21?
September 14, 2021 10:45 AM AEST| By RomaHighlights Meridian Energy went through tough times due to drought and COVID-19 disruptions Annual results were reflective of these conditions Substantial Dividend declared by the Company with DRP plan Energy companies also witnessed lowe...
How long will COVID-19 pandemic last? Will it continue into 2022?
September 14, 2021 09:13 AM AEST| By Team Kalkine MediaAs the world is battling its once-in-a-hundred-years deadly contagion in the form of COVID-19 pandemic, the people are eagerly awaiting its end. The question on the end of the pandemic is on the mind of many people. But no one can give a definitiv...
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US stocks close mixed as lawmakers mull tax hike
September 14, 2021 08:09 AM AEST| By Sanjeeb BaruahBenchmark US stock indices closed mixed on Monday, September 13, after lawmakers unveiled plans to raise the corporate tax by around 26% in a new spending bill worth US$3.5 trillion. The S&P 500 was up 0.23% to 4,468.73. The Dow Jones rose 0.76%...
