World news

Global dealmaking is booming; and Wall Street is cashing on it

May 02, 2021 12:23 AM AEST| By Furquan Moharkan

The global banks are seeing a massive surge in the revenues generated from their investment banking division as the global dealmaking is booming. European and Asian Banks, like Deutsche Bank and Nomura Holdings, have reported a surge in excess of .....

Guess Why Tesla Stock (NASDAQ-TSLA) Is Trending Today?

May 01, 2021 08:11 AM AEST| By Team Kalkine Media

While the reasons may vary, one close guess could be the news of its ‘super’ charging station near the Everest base camp. The EV maker has set up a charging station near Tibet, thousands of kilometers away from the capital Beijing, as i.....

Exxon Mobil, Chevron Shares Decline Despite Reporting Quarterly Profits

May 01, 2021 05:05 AM AEST| By Team Kalkine Media

Shares of oil and gas majors Exxon Mobil Corporation (NYSE: XOM) and Chevron Corporation (NYSE: CVX) fell on April 30 after both the companies reported profit in their first quarter of 2021. Exxon Mobil had been reporting loss in the last four con.....

Big Tech gets bigger in March quarter

May 01, 2021 12:10 AM AEST| By Furquan Moharkan

In the week gone by, five biggest tech companies – Apple Inc (NASDAQ:AAPL), Microsoft Corporation (NASDAQ:MSFT), Alphabet Inc (NASDAQ:GOOG), Amazon Inc (NASDAQ:AMZN) and Facebook Inc (NASDAQ:FB) – announced their quarterly results for t.....

Didi, ByteDance among top Chinese firms set for US IPO in 2021

May 01, 2021 12:05 AM AEST| By Team Kalkine Media

Summary As many as 60 Chinese companies are lined up to launch IPO in the US. China's biggest unicorns ByteDance and Didi Chuxing may hit the US capital market this year. 32 China-based firms raised US$15 billion through IPOs in the US in 2020.....

Rent Increase Could Further Deepen The NZ Housing Crisis

April 30, 2021 01:46 PM AEST| By Roma

With the housing crisis in New Zealand beginning to become a nagging concern for the government and the people alike, there are new developments in terms of rent. According to a new research, the increase in rents could be a cause for further conce.....

How have the stocks of Big 5 tech firms responded to their quarterly results?

April 30, 2021 12:37 PM AEST| By Furquan Moharkan

Marked by the results of the biggest five tech giants in the US, this week was probably the most crucial one of the ongoing earnings season. Alphabet, Microsoft, Amazon, Facebook, and Apple – all announced their March quarter numbers this wee.....

Intel extends its partnership with Samsung to strengthen the cross-device experience

April 30, 2021 11:59 AM AEST| By Team Kalkine Media

Digitization is becoming noticeable in the present times where you look. The COVID-19 pandemic accelerated the digital transformation. It brought challenges for people, but at the same time, it presented opportunities for many businesses to pursue .....

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

April 30, 2021 11:00 AM AEST| By Team Kalkine Media

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 and cloud business, the company said in its earnings report on Thursday, April 29. The technology .....

Twitter, Caterpillar Stocks Plunge After Strong Quarterly Results

April 30, 2021 09:47 AM AEST| By Team Kalkine Media

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% slump in intraday trade. Twitter revenues jumped 28% to US$1.04 billion in the first quarter of .....

VISA INC. Price Hits a New Lifetime High

April 30, 2021 07:00 AM AEST| By Team Kalkine Media

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 out of a crucial resistance level the stock hit a new lifetime high. Stock prices are trading in a.....

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

April 30, 2021 06:39 AM AEST| By Team Kalkine Media

Summary McDonald’s CEO Chris Kempczinski said the company’s first-quarter global comparable sales and revenue surpassed the numbers in the first quarter of 2019. Yum! Brands’ worldwide same-store sales grew 9 percent in the qu.....

Mastercard Outshines Visa In Revenue Growth Despite Similar Challenges

April 30, 2021 04:54 AM AEST| By Team Kalkine Media

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 Michael Miebach attributed this growth to increased domestic spending, smart deals, and close collabor.....

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

April 29, 2021 01:34 PM AEST| By Team Kalkine Media

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 determined to enhance its economic ties with the US. NZ is focused on maintaining stability in the reg.....

Robust ad revenue powers Facebook to 48% topline growth

April 29, 2021 01:32 PM AEST| By Furquan Moharkan

Social media behemoth Facebook Inc (NASDAQ:FB) saw a robust topline growth in Q3, owing to massive surge in the advertising revenues. The world’s largest social media company saw its revenues surging by 48% to US$26.17 billion in the quarter.....

US Fed maintains status quo on interest rate, bond purchases

April 29, 2021 12:49 PM AEST| By Furquan Moharkan

The American central bank, the US Federal Reserve (Fed), on Wednesday, maintained the interest rates near zero as part of its easy monetary policy, despite anticipating economic acceleration and higher inflation. The 11 members in the board of gov.....