News

Amazon’s Net Profit More Than Triples In Q1 As Revenue Hits US$100B

Amazon.com, Inc.’s (NASDAQ: AMZN) net income has more than tripled in the first quarter of 2021, backed by strong revenue growth in e-commerce a...

Twitter, Caterpillar Stocks Plunge After Strong Quarterly Results

Summary Twitter stock plunged 11.25% to US$65.09 while Caterpillar ended the session down 0.10% to US$227.24 per share after regaining from a 2.08%...

US Stocks End Higher On Strong Corporate Earnings, GDP Growth

All the major U.S. stock market benchmark indexes closed higher on April 29 following strong earnings update from corporates including Apple and Faceb...

US GDP Grows By 6.4% In First Quarter As Economy Reopens

Summary This strong impetus in the economy reflects the increased consumer spending, a key factor of GDP growth. A raft of government measures fro...

VISA INC. Price Hits a New Lifetime High

Summary VISA INC. gained 1.54 percent in the last trading session and has delivered ~14.81 percent returns in the last one month. Post breaking o...

McDonald’s, Yum! Brands Q1 Sales Exceed Pre-Pandemic Level

Summary McDonald’s CEO Chris Kempczinski said the company’s first-quarter global comparable sales and revenue surpassed the numbers in...

Mastercard Outshines Visa In Revenue Growth Despite Similar Challeng...

Summary Mastercard’s net income rose 8% to US$1.8 billion (GAAP), compared to US$1.7 billion in the same period of 2020. Mastercard CEO Mich...

Dogecoin Surging! Should You Buy It Ahead Of Elon Musk's SNL Debut?

Cryptocurrency Dogecoin skyrocketed by over 32 per cent on Wednesday, April 29, following Tesla owner Elon Musk’s tweet describing himself as &l...

Dogecoin Skyrockets 20% in Just One Day

Summary Dogecoin has risen over 20% in the past 24 hours following a tweet from Tesla founder Elon Musk. The crypto surged from US$0.25 to US$0.30...

Nexon joins Tesla, Mastercard, PayPal, BNY Mellon in Bitcoin bet

Summary Nexon purchased Bitcoin worth US$100 million, representing nearly 2% cash and cash equivalents reserves of the company. The Japanese onlin...

Indian, Thai and HK stocks lead the APAC rally

Summary US Federal Reserve’s dovish tone has triggered a rally in APAC markets. Indian and Thai stocks are best performers. BSE Sensex has...

Ardern Keen On US Ties And Clears NZ’s Stand Regarding Five Eyes All...

Summary Post the meeting with the US Chamber of Commerce, NZ PM Jacinda Ardern spoke to the media on the issues discussed. The Government is deter...

Robust ad revenue powers Facebook to 48% topline growth

Social media behemoth Facebook Inc (NASDAQ:FB) saw a robust topline growth in Q3, owing to massive surge in the advertising revenues. The world&rsquo...

Why New Zealand registered trade surplus of $33 million for March 20...

Latest numbers from Stats NZ have shown that NZ’s trade balance was a surplus of $33 million for March.  Trade balance shows the differenc...

US Fed maintains status quo on interest rate, bond purchases

The American central bank, the US Federal Reserve (Fed), on Wednesday, maintained the interest rates near zero as part of its easy monetary policy, de...

CDC Asks Vaccinated Americans to Do Away With Masks. Is It Too Early...

Summary CDC announced Wednesday that Americans didn’t need to mask up if they were fully vaccinated. CDC qualified that if going in large ga...

Will supply-demand imbalance continue as asking prices for NZ homes...

Summary NZ’s most used real estate website has revealed that average asking price of a home in NZ had reached $805,000. Housing demand rose...

Apple net profits double in Q2

World’s largest technology company by market capitalisation, Apple Inc (NASDAQ:AAPL), reported doubling of its net profits in first quarter of t...

S&P Ends Flat As Fed Keeps Rates Near Zero; Dow, Nasdaq Decline

S&P 500 ended Wednesday’s session at around yesterday’s closing range after the Federal Reserve decided to maintain its interest rates...

Three Upcoming US IPOs on Investors’ Radar

Summary Endeavor Inc. plans to debut on NYSE under the symbol ‘EDR’ on Thursday, April 29. Massachusetts-based firm Werewolf plans to...