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News
A quick look at 10 most influential economists
August 19, 2021 12:27 PM AEST| By Team Kalkine MediaAs a field of study, economics has taken a diverse path over years, which is characterised by rapid developments and changing philosophies. Meanwhile, the field has witnessed several monumental changes/new ideologies over the course of time and has...
Over 100M US households didn’t pay federal income tax in 2020, says think tank
August 19, 2021 12:18 PM AEST| By Furquan MoharkanThe COVID-19 pandemic has jacked up the number of nontaxpayers in the US. In 2020, 61% of American taxpayers did not pay federal income tax in the US, reveals a new study. According to the Tax Policy Center estimates, last year nearly 107 million ho...
US stocks end lower after Fed minutes
August 19, 2021 08:04 AM AEST| By Sanjeeb BaruahBenchmark US indices closed lower on Wednesday, August 18, amid concerns over the pace of economic recovery as delta virus spread rapidly. The S&P 500 was down 1.07% to 4,400.27. The Dow Jones fell 1.08% to 34,960.69. The NASDAQ Composite droppe...
How Taliban’s Afghan victory could affect the global rare-earth market
August 19, 2021 08:00 AM AEST| By Team Kalkine MediaHighlights Taliban’s seize of power in Afghanistan may lead to disruption in rare-earth supplies. The mineral-rich country may stop the rare-earth supplies to the global market. Supply disruptions could potentially impact sectors like te...
Is Ghana currency going digital?
August 19, 2021 06:00 AM AEST| By Team Kalkine MediaHighlights Ghana Government announced digitisation as its key objective Numerous programs have been proposed including introduction of a government-backed digital currency. The Ghana digital currency will not be a cryptocurrency. Ghana is...
Why is Warren Buffett doubling down on Kroger?
August 19, 2021 03:22 AM AEST| By Team Kalkine MediaHighlights Berkshire’s major investments in companies like Apple Inc, Coca-Cola Co, and Bank of America remained unchanged in the second quarter. Berkshire trimmed its shares in healthcare companies like Biogen, Merck & Co, AbbVie Inc...
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The Rise of Ethereum – Can ETH hit the US$100K-mark?
August 18, 2021 07:01 PM AEST| By Daniel Paul JohnsHighlights Besides its use as a digital currency, Ethereum can also be used to process other types of financial functions, including the utilisation of smart contracts as well as the ability to store data for third-party applications. The...
Taliban back at the helm of Afghanistan: What is in it for China?
August 18, 2021 05:05 PM AEST| By Furquan MoharkanChina, over the last couple of decades, has quickly climbed up the ladder in the power league of the global nations. The world’s second largest economy now competes directly with the US – which claims itself to be world’s “sup...
APAC markets in green; Japan extends COVID-19 state of emergency
August 18, 2021 03:10 PM AEST| By Furquan MoharkanEquity markets across the Asia Pacific (APAC) region were trading with gains on Wednesday as Japan decided to extend the COVID-19 emergency and Reserve Bank of New Zealand decided to keep the rates unchanged. At the time of writing this, all the APA...
How an allergy helped Johnny Boufarhat, 27, make it to billionaires’ club
August 18, 2021 01:32 PM AEST| By Furquan MoharkanJohnny Boufarhat has become one the youngest self-made billionaires in the world -- a news that has taken the internet by storm. Who is Boufarhat? He is a 27-year-old Australia-born British citizen and an entrepreneur. Mr Boufarhat was born on 1 J...
Bitcoin’s sharp comeback brings back US$100,000 prediction
August 18, 2021 10:55 AM AEST| By AayushHighlights Bitcoin has risen more than 50% from its lows hit in July 2021. Bitcoin’s peers such as Dogecoin, Ethereum, Ripple etc. have also marked their presence with their wild upswings. The fundamental regulatory roadblock has clipped...
RBNZ Governor faces a tough choice in view of Level-4 lockdown
August 18, 2021 09:32 AM AEST| By ManikaIn view of new cases of Coronavirus in Auckland city and resultant Level-4 lockdown, the Reserve Bank Governor will face a difficult choice in deciding whether to hike the OCR now or not. A rate hike which looked imminent some days back due t...
US stocks slip on retail data
August 18, 2021 07:51 AM AEST| By Sanjeeb BaruahBenchmark US indices closed lower on Tuesday, August 17, dragged down by loss in mega-cap stocks and weaker-than-expected retail sales data. The S&P 500 was down 0.71% to 4,448.08. The Dow Jones fell 0.79% to 35,343.28. The NASDAQ Composite was ...
Will Walmart start accepting Crypto?
August 17, 2021 06:09 PM AEST| By Daniel Paul JohnsAs crypto has moved away from the fringes of finance, more major companies have helped its plight to become considered a mainstream part of the finance world. This was most famously seen earlier this year when electric car company Tesla began acce...
APAC markets fall as regulatory fears resurface in Hong Kong
August 17, 2021 04:05 PM AEST| By Furquan MoharkanEquity markets in the Asia-Pacific (APAC) region were mostly lower on Tuesday, with stocks of Chinese companies in Hong Kong falling again as regulatory fears resurfaced. The sentiments in the APAC region turned negative despite Wall Street closing ...
Arweave never forgets – What is Arweave crypto?
August 17, 2021 02:22 PM AEST| By Daniel Paul JohnsOne of the key components of blockchain technology is its ability to undergo metamorphosis and adaptation to expand upon its current capabilities and bring new features to a variety of blockchain platforms. Source: © Iuriimotov | Megapixl.c...
Check out these top three Nasdaq gainers Monday
August 17, 2021 08:25 AM AEST| By Team Kalkine MediaHighlights GoHealth, Inc. (NASDAQ: GOCO) rose 20.88% at 4:00 pm ET on Monday. Magal Security Systems (NASDAQ: MAGS) surged 11.33% to close at US$5.11 at 4:00 pm ET. Travere Therapeutics (NASDAQ: TVTX) closed at US$17.82, up 15.34%, at 4:00 pm ...
US stocks trade flat on gloomy Chinese economic data
August 17, 2021 07:59 AM AEST| By Sanjeeb BaruahBenchmark US indices traded near flat on Monday, August 17, after the latest Chinese economic data showed the country’s recovery rate in July was way below economists’ expectations. The grim outlook triggered investors’ concerns abo...
What first-time investors should know before investing in stocks
August 17, 2021 07:12 AM AEST| By Team Kalkine MediaHighlights Stock investments are always subject to market risk. Learn to swim or keep afloat as you hone the skills required in the stock market. Patience is key to handle downswing or upswing in the market with ease. For first-time inves...
Crypto market holds fort after riding into US$2tr cap as Bitcoin leads
August 17, 2021 05:22 AM AEST| By Team Kalkine MediaIn April 2021, the global cryptocurrency market hit the US$2 trillion mark for the first time before pulling back in the subsequent period. But it retook the US$2 trillion market crown on August 11 at 10.45 am ET as Bitcoin prices surged, which con...
