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World news
Spotify’s Internal Struggle Heats Up Over Hosting of Joe Rogan’s Podcast
September 21, 2020 03:56 PM AEST| By Team Kalkine MediaThe signing of a podcaster, Joe Rogan, to a multi-year exclusive licensing deal in May 2020 certainly gave a boost to Spotify Technology S.A. (NYSE:SPOT) share price, but then it also heated up an internal struggle in the Company. ‘The Joe R.....
Is the BNPL market heading towards PayPal dominance?
September 20, 2020 01:07 AM AEST| By Kunal SawhneyThe pandemic has taken a toll on the world economy with GDP growth declining in various countries. Earnings across various industries such as travel, hospitality, and financial sector took a hit. Ironically, the retail industry, especially online s.....
Crude oil recovering steadily, Tailwinds to drive the pace over 2020
September 20, 2020 12:59 AM AEST| By Team Kalkine MediaCrude oil prices slumped after 3 days of consecutive gains following the resumption of crude oil facilities in the Gulf of Mexico. Hurricane Sally finally diminished after disrupting oil operations for 5 days. The OPEC+ group had been maintaining d.....
Pet grooming services to reopen, families and industry welcome the move
September 20, 2020 12:38 AM AEST| By Kunal SawhneyWhen it comes to pets, many Australians are willing to go the extra mile for their pet's well being. In fact, according to the Animal Medicines Australia (AMA) study conducted in 2019, there are almost 29 million pets in Australia today, which is m.....
Yoshihide Suga takes over Japan’s reigns: A difficult road ahead?
September 19, 2020 12:00 AM AEST| By Team Kalkine MediaJapan’s longest-serving Prime Minister, Shinzo Abe steps down from the power on account of his chronic health issues. His abrupt departure, however, leaves a trail of challenges that would require dedicated focus from his successor, Chief Cab.....
Buffett-backed Snowflake Makes Bumper Market Debut, All That You Need to Know!
September 18, 2020 08:48 PM AEST| By Team Kalkine MediaWhile the IPO market went into a deep freeze in the first half of the year amidst COVID-19-induced fears, the market seems to be springing back to life on rebounding equities and economic recovery hopes. Tapping lucrative opportunity in the revivin.....
TikTok Jumping Through Hoops: Anticipated IPO & Hunt For A New CEO Amid White House Decision
September 18, 2020 06:16 PM AEST| By Team Kalkine MediaTikTok has become the hottest point of disagreement between the world’s biggest economies, the United States and China, which have battled over trade, security, and tech dominance amid growth virus spat. The popular short video app, especial.....
Are Amazon, Tesla, and Alibaba the growth stocks in a slower economic growth world?
September 18, 2020 01:56 PM AEST| By Team Kalkine MediaThe impact of COVID-19 pandemic on the stock market is one such black swan event that caught nearly everybody by surprise, and has possibly impacted the businesses across several sectors Globally, coronavirus swallowed the growth made by numerous .....
Is the US set for low-interest rates for the next 3 years? The Fed believes so
September 17, 2020 11:11 PM AEST| By Team Kalkine MediaThe US Federal Reserve Board announced a major policy change on 27 August to keep low-interest rates and allowed inflation to run above 2% to support the labour market and broader economy. The new strategy that was detailed in a speech by Federal .....
Snowflake Debuts on The Exchange at Mind-Numbing Valuations, Price/Sales >100x
September 17, 2020 06:46 PM AEST| By Team Kalkine MediaSnowflake Inc. made a debut at the New York Stock Exchange on Wednesday, 16 September. With the backing of Warren Buffet’s Berkshire Hathaway, the market hype around the stock remained immense, sending the stock over 100% on the first day of .....
Oracle eyeing TikTok operations as it spins off into a separate entity
September 17, 2020 01:11 PM AEST| By Team Kalkine MediaSoftware giant Oracle is believed to be taking an ownership stake in the newly formed TikTok corporation. Oracle plans to team up with China's ByteDance in order to keep TikTok operating and running in the United States. Until a few days bac.....
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Unveiling Sinusoidal Trend of Rocket Companies’ Share Price
September 16, 2020 05:34 PM AEST| By Team Kalkine MediaShare price of Rocket Companies, Inc. (NYSE: RKT) has been on a roller-coaster ride ever since its Initial Public Offering (IPO) in early August. The Company has witnessed a high of US$34.37 and low of US$18.31 within days of commencing trading at .....
Emerging Trends in Health and Fitness Industry While Economy Reopens
September 15, 2020 11:11 PM AEST| By Team Kalkine MediaLast week when Australian Prime Minister Scott Morrison discussed ending border closure, he also spoke on complete economic reopening soon for the nation to come together at Christmas. However, Victorian Premier Daniel Andrews announced a roadmap o.....
Robinhood the new wall-street piped piper drawing retail investors in hoards, What is driving this trend?
September 15, 2020 11:00 PM AEST| By Team Kalkine MediaStock trading has always been deemed risky. Still, for many long-haul investors, stock trading has been a passion. In contrast, few enter to make quick bucks. With the pandemic making stock markets volatile globally, a new set of retail invest.....
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US-China Ongoing Spat: A Glance at Recent Developments
September 15, 2020 08:41 PM AEST| By Team Kalkine MediaBy now, most people are familiar with the trade war between the US and China. The trade war started way back in 2018, where the two were seen imposing heavy taxes on import of the goods of one another. The US President blamed China for exercising u.....
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Why are AstraZeneca and Pfizer Share Price Under Investors’ Radar?
September 15, 2020 05:28 PM AEST| By Team Kalkine MediaThe COVID-19 storm that has created havoc in the world, is not showing any signs of abating with the world witnessing an ongoing increase in the number of new cases daily. According to the WHO (World Health Organization), globally, there have been .....
TikTok’s US operations to go Oracle way as Microsoft bid fails
September 15, 2020 02:18 PM AEST| By Team Kalkine MediaThe week commenced on a good note for Oracle Corporation, ahead of the 20 September 2020 deadline for the deal to be closed by ByteDance. The Trump administration had threatened to ban TikTok by 20 September 2020 following the issuance of the exec.....
SoftBank sheds assets, is it getting ready to go private?
September 14, 2020 08:44 PM AEST| By Team Kalkine MediaSoftBank Group Corp. (TYO:9984) share price surged 8.96% to settle the day at $6,385 on 14 September after the Company announced that it entered into an agreement to sell British chip designer Arm Holdings to Nvidia Corporation, ending SoftBank&rsq.....
China’s Exports Show Striking Growth Momentum While Imports Topple Amid Escalated Tensions
September 14, 2020 02:34 PM AEST| By Team Kalkine MediaChina’s hegemonic appetite serving as a major factor seems to have exacerbated the bitterness of its relationship with several nations. Despite its growing tensions with several economies, China’s trade scenario seems to ride out the st.....
Wall Street Blue-Chip Citigroup Appoints New CEO Jane Fraser; A Water Break Moment for Women Leadership?
September 13, 2020 12:15 AM AEST| By Team Kalkine MediaIn its 2030 sustainable development plan, the United Nations has outlined 17 Sustainable Development Goals (SDG) that need urgent action by all for peace and prosperity for people and the planet. One of its goals is gender equality. It means that t.....
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