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World news
Airbnb Raises Recovery Optimism Despite Weak Results
February 28, 2021 01:09 PM AEDT| By Suhita Poddarhe whole of 2020. However, the company has fared better than its rival companies. The coronavirus pandemic continues to weigh on the travel industry across the world amid the growing number of cases and further implementation of restrictions. U...
Two COVID-19 vaccines that are helping the world get over the pandemic
February 28, 2021 12:20 AM AEDT| By Team Kalkine MediaSource: siam.pukkato, Shutterstock Summary Pfizer-BioNTech and Oxford-AstraZeneca’s respective COVID-19 vaccines were found to have reduced hospitalization in the UK. The two vaccines also proved effective against the contagious UK varia...
US Stocks End Week Mixed on Rate Fears, Bond Yield Rise
February 27, 2021 08:32 AM AEDT| By Team Kalkine MediaSource: Cezary Piwowarski ,Shutterstock Summary S&P 500 shed 0.48%, Dow Jones plunged 1.50%, and NASDAQ was up 0.56%. Real estate, financials, industrials, energy, and consumer cyclicals saw muted gains. Berkshire Hathaway Inc. to pr...
How Are NZ Businesses Progressing on Climate Change and Sustainability?
February 27, 2021 05:18 AM AEDT| By RomaSource: cornfield, Shutterstock Summary The Paris Agreement gives sustainability goals to countries. Several organisations from the world over are making stringent efforts to leave a nominal carbon footprint. New Zealand organisations taking...
Blue Origin, Virgin Galactic delay trip to space
February 26, 2021 11:01 PM AEDT| By Team Kalkine Mediaits spaceflight test from February 2021 to May 2021 due to corrective work going on. As per the reports, two major space ventures have postponed the schedules of their respective space trips. These include Jeff Bezos' Blue Origin, which delayed...
US Tech Stocks Down Due To Attractive Bond Yields
February 26, 2021 03:57 PM AEDT| By Mark O'Donnellopments. Stocks are down globally, including the ones listed with the NZX and ASX. The US stocks experienced large sell-offs during the trading session of Thursday. Tech stocks were particularly hard hit. The tech-heavy NASDAQ composite dropped...
Tesla (NASDAQ:TSLA) Competing With Fast-Growing China Based EVs
February 26, 2021 02:14 PM AEDT| By Mark O'DonnellSource: Ascannio ,Shutterstock Summary Investors in China based EV manufacturers hope the companies would build upon their success in China and grab some of Tesla’s global market share. The leading Chinese EV brand Nio has proved in...
Wall Street Ends Lower; What Weighed On Stocks
February 26, 2021 08:58 AM AEDT| By Team Kalkine MediaSource: G-Stock Studio, Shutterstock Summary S&P 500 fell 2.45%, NASDAQ dropped 3.52%, and Dow Jones shed 1.75%. Industrials, technology, consumer cyclical, energy, and real estate drag down indexes. US economy grew at 4.1% in the fo...
Square (NYSE:SQ) Bitcoin Stake Reaches US$220 Million
February 25, 2021 03:49 PM AEDT| By Mark O'DonnellroStrategy’s CEO believes Bitcoin could be worth US$100 trillion one day. Square Inc (NYSE:SQ) has recently reported the purchase of US$170 million worth of Bitcoin. The announcement coincides with the release of the merchant payment compa...
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Is GameStop (NYSE:GME) Rallying Again?
February 25, 2021 12:39 PM AEDT| By Mark O'Donnelltop after testifying before the House Financial Services Committee. The share price of the gaming retailer GameStop Corp (NYSE:GME) was halted at US$91.71 with half an hour left in trading yesterday on the NYSE. The closing price presents ~104%...
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US Stocks Roar Back on Fed Reassurance, Recovery Hopes
February 25, 2021 08:39 AM AEDT| By Team Kalkine MediaBrands, and others to present earnings reports after markets close. After a brief lull, US stock markets came back strongly to end the session higher on Wednesday, driven by hopes of a faster economic recovery and Fed chief’s reassurances...
Federal Reserve says US unemployment scenario far worse than seen
February 24, 2021 11:56 PM AEDT| By Team Kalkine MediaSource: Shutterstock Summary Federal Reserve chair Jerome H. Powell said that the US economic revival is incomplete and uneven. Powell said unemployment rate of 6.3% does not give the full picture of the .....
How is the Needle Moving on Greenback Amid Powell’s Latest Comments
February 24, 2021 09:12 PM AEDT| By Team Kalkine MediaAfter a tumultuous start to 2021, the US Dollar continues to remain volatile with bleak expectations of recovery for the remaining year. Bank experts are of the view that this dismal growth of the greenback was expected to continue throughout 2021 .....
Major shakeup at GameStop; CFO Jim Bell set to quit
February 24, 2021 08:34 PM AEDT| By Team Kalkine MediaSource: Shutterstock GameStop’s Chief Financial Officer Corp Jim Bell will be leaving the organisation in March this year, the video game giant informed today. The Company, in its official statement, sought to clear the air around the resigna...
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Are Investors Exiting Tech Stocks For Other Growth Sectors?
February 24, 2021 10:46 AM AEDT| By Team Kalkine Medias. NASDAQ is down around 6% from its peak on February 12. Blue-chip tech stocks have seen a sixth-straight decline in recent days, but could this be a temporary market deviation or a deliberate shift of investors to other high-growth sectors?...
US Markets End Flat Despite Fed’s Supportive Rate Pledge
February 24, 2021 08:41 AM AEDT| By Team Kalkine Mediaarkets to maintain low rates, rules out inflation pressure for now. US stock markets ended flat for a second consecutive day on Tuesday despite the Federal Reserve’s reassertion to keep the interest rates unchanged and positive retail earn...
Facebook ‘re-friends’ Australia, set to lift news ban
February 23, 2021 08:32 PM AEDT| By Team Kalkine MediaSource: Shutterstock In a major triumph for Australia, US tech giant Facebook has finally struck a reconciliatory note with the country’s Federal Government. Australian Treasurer Josh Frydenberg informed that Facebook boss Mark Zuckerber...
Bill Gates' game plan on how to avert a climate disaster
February 23, 2021 03:22 PM AEDT| By Team Kalkine MediaSource: Shutterstock “How to Avoid a Climate Disaster”, the latest book by tech philanthropist Bill Gates is the talk of the town. From environmentalists to governments, all want to dig into the thoughts of the Microsoft legend about the...
US Markets End Lower, Weighted Down By Tech Stocks, Consumer Cyclicals
February 23, 2021 08:37 AM AEDT| By Team Kalkine Mediaignal higher optimism in the markets of a faster economic recovery. US stock markets ended lower on Monday, weighted down by traditional blue-chip stocks which appeared less attractive as more options open-up for investors amid improvement in th...
Is NZ Tourism living up to its campaign ‘100% Pure New Zealand’?
February 22, 2021 04:37 PM AEDT| By Kunal Sawhneyterrains, and interests, which separates it from rest of the world. NZ’s Parliamentary Commissioner for the Environment, Simon Upton, on 18 February 2021, voiced his opinion in his 2nd report of Tourism’s Environmental Effects, and c...
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