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News
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Why are investors eyeing Nasdaq Listed NIU Technologies?
August 31, 2021 06:56 PM AEST| By Team Kalkine MediaHighlights NIU technologies is a China-based electric two-wheeler maker and seller. The company is listed on NASDAQ. The company has reported robust earnings in its second quarter ending 30 June 2021. NASDAQ listed NIU technologies ...
China’s new regulation to reduce children’s online gaming time significantly
August 31, 2021 06:32 PM AEST| By Jasmine AnandHighlights China would be executing an online gaming restriction for the country’s young population under 18 years of age. No online gaming on weekdays, children to now access online games for only an hour on weekends and public holidays....
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Why are Coinbase users panicking?
August 31, 2021 06:26 PM AEST| By Suhita PoddarHighlights Widespread panic among Coinbase users was witnessed over the weekend after receiving 2FA reset notices. The leading US crypto exchange took to Twitter to apologise for the incident. Mixed public reactions was witnessed as several us...
Who is Dr Ashley Bloomfield, the Guardian angel of NZ health?
August 31, 2021 05:50 PM AEST| By RomaHighlights Dr Ashley Bloomfield, a household name in the Kiwi healthcare is again on the forefront Fighting the COVID-19 outbreak for the second time, he advises caution. A decreasing number of cases on Tuesday is an indication that the diseas...
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Impossible Foods to foray into ANZ market ahead of its US IPO
August 31, 2021 05:47 PM AEST| By AayushAs Impossible Foods prepares for its US$10 billion IPO in the US over the next few months, the company is looking to expand its operations outside the home country. The company already operates in the US, Canada, Hong Kong, etc. and is now planning...
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Mining difficulties bog down Bitcoin for the third time this year
August 31, 2021 05:11 PM AEST| By Suhita PoddarCryptocurrency prices were mostly higher as of Friday, but bitcoin (BTC) still continued to be below the US $50,000 (£36,462) mark, in the midst of mining difficulties. According to several mining sites, the blockchain's mining difficulty has...
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Fantom (FTM) price surges; What's behind this NFT's rise?
August 31, 2021 04:18 PM AEST| By Daniel Paul JohnsSource: © Babyd2 | Megapixl.com A clear resurgence is currently happening in the cryptocurrency market following a hellish correction period in May, June, and July. Since then, the market has come back with a vengeance. In particula...
Are underlying drivers of Meridian Energy’s (NZX: MEL) business value strong?
August 31, 2021 02:40 PM AEST| By RomaHighlights Meridian Energy announces its full-year results, indicates strong growth in customer sales. COVID-19 and the drought brought about certain challenges for the Company. Future plans for the growth and development of the new windfarm a...
Is Trustpower (NZX:TPW) based in NZ? What are the recent deals struck by it?
August 31, 2021 12:59 PM AEST| By ManikaHighlights Mercury NZ to buy Trustpower’s retail business for a consideration of NZ$441 million. The deal is subject to a nod from the Commerce Commission, the shareholders and TECT. TPW to retain generation business and to call it Manaw...
Longest war in US history comes to an end as last US troops exit Afghanistan
August 31, 2021 11:53 AM AEST| By Furquan Moharkanrime accused in 9/11 terror attacks In last days of the war, the US evacuated about 120,000 people out of Afghanistan The US has ended its long-drawn-out war in the Central Asian country of Afghanistan after two decades, as it completed final e...
Zoom Video (ZM), Cloudera Inc (CLDR) post solid Q2 revenue growth
August 31, 2021 09:48 AM AEST| By Team Kalkine MediaHighlights Zoom Video Communications Inc’s (NASDAQ: ZM) total revenue jumped 54% YoY. ZM expects its full-year revenue to be around US$4.005 billion and US$ 4.015 billion. Cloudera, Inc. (NYSE: CLDR) total revenue rose 10% YoY. Zoom...
When is Rivian IPO planned? Know all about the offer
August 31, 2021 09:26 AM AEST| By Ipsita SarkarHighlights Rivian Automotive files Form S-1 for stock exchange listing with the Security and Exchange Commission (SEC) on Friday. The company is targeting a maximum valuation of US$80 billion. The electric vehicle manufacturer has raised US$10...
Top 10 stocks receiving maximum attention from Reddit investors
August 31, 2021 08:37 AM AEST| By Sanjeeb BaruahHighlights Reddit WallStreetBets is a social media community for stocks-related discussion. The short squeeze of GME and AMC had led to massive losses of hedge fund managers stocks earlier this year. Root, Inc. (NASDAQ: ROOT) received the high...
S&P 500, Nasdaq extend gains on tech boost
August 31, 2021 07:58 AM AEST| By Sanjeeb BaruahBlue-chip S&P 500 and tech-heavy Nasdaq Composite continued their gains on Monday, August 30, from the previous week’s record closes after technology and consumer discretionary stocks rallied. The S&P 500 was up 0.43% to 4,528.79. The ...
Globalstar (GSAT) stocks go skyward after Apple tie-up rumors
August 31, 2021 06:00 AM AEST| By Team Kalkine MediaGlobalstar, Inc. (AMEX: GSAT) stock jumped more than 57% after rumors that it may supply its satellite communication technology to Apple Inc. for a new phone. The stock was up 57.99% to US$2.2592 at 2:04 pm ET on Monday. Globalstar provides satel...
China Petroleum (SNP), Li Auto (Li) post strong revenue growth
August 31, 2021 05:00 AM AEST| By Team Kalkine MediaHighlights China Petroleum & Chemical Corporation (NYSE: SNP) stock went up by 3.83% after reporting strong revenue growth on Aug 29. China Petroleum reported a US$6.18 billion profit attributed to its shareholders in the first half of 202...
How a rise in TSMC chip price could affect the electronics industry?
August 31, 2021 01:24 AM AEST| By Sanjeeb BaruahHighlights Taiwan Semiconductor Manufacturing Company (NYSE: TSM) might increase the prices of its microchips used in the electronics industry. Rising raw material costs and orders may have forced the chipmaker to hike prices. Smartphones, car...
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5 Cryptos To Watch In September 2021
August 30, 2021 09:36 PM AEST| By Daniel Paul JohnsAs we head into September, the last third of 2021, the cryptocurrency market tells a completely different story to the end of June, 2021 – which saw huge cross corrections across the market. Three months later and we’ve seen dramatic t...
Asia Pacific markets close in green
August 30, 2021 08:35 PM AEST| By Furquan MoharkanHighlights Most APAC markets began the week on a positive note. Australia recorded an unprecedented surge in fresh COVID-19 cases. Investors are keeping track of Meituan results. Asia Pacific shares on Monday closed mostly in the green, w...
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What’s driving the Tezos (XTZ) rally?
August 30, 2021 06:01 PM AEST| By Team Kalkine MediaHighlights Blockchain network Tezos has seen 95% spike since the end of July. Its initial coin offering (ICO) began on 1 July 2017 and earned US$232 million from the ICO. Tezos is distinguished by its governance. Bullish action in T...
