Investing How to Cut Through the Noise to Evaluate Netflix April 26, 2020 Ekemini Netflix stock is coming off record highs and just issued quarterly earnings that show skyrocketing subscriber growth. You’d think that’s a recipe for the bullish rally to continue, right? Not…
World World’s Biggest Central Banks Meet As Pressure Mounts To Do More April 26, 2020 Ekemini Global central banks remain under pressure to do more to support their economies through the coronavirus recession even after driving interest rates to record lows and pledging to spend trillions…
World When Oil Became Waste: A Week Of Turmoil For Crude, And More Pain To Come April 26, 2020 Ekemini The magnitude of how damaged the energy industry is came into full view on April 20 when the benchmark price of U.S. oil futures CLc1, which had never dropped below…
World Richard Branson Seeking Buyer For Virgin Atlantic April 26, 2020 Ekemini Richard Branson is seeking a buyer for Virgin Atlantic, according to The Telegraph. This comes as Delta — which owns a 49% stake in Virgin Atlantic refused to give Virgin…
World Coronavirus: Air France-KLM Secures Billions In Government Aid April 25, 2020 Ekemini Air France-KLM has secured at least €9bn (£7.9bn; $9.7bn) in government aid, as the Franco-Dutch airline group struggles to stay afloat because of the coronavirus outbreak. The French authorities said…
World Recovery Expert: ‘Some Businesses Will Never Reopen April 25, 2020 Ekemini When economies eventually re-open, many businesses will stay shut as they struggle with the new environment. That is the fear from a global disaster recovery group that helps businesses recover…
World Ford Engineers Are Working On Electric Mustang SUVs In Their Own Garages April 25, 2020 Ekemini When Aleyna Kapur started working from home due to the coronavirus pandemic, she had to take a few things from the office: her laptop, some cables and a Ford Mustang…
World Deutsche Bank Refuses To Give U.S. Senators Information On Recent Trump Dealings April 25, 2020 Ekemini Deutsche Bank (DBKGn.DE) has declined a request by prominent U.S. senators to provide information about the German lender’s recent business dealings with President Donald Trump and his family, according to…
World U.S. Airlines Receive Additional $9.5 Billion In Payroll Support: Treasury April 25, 2020 Ekemini The U.S. Treasury Department has disbursed $9.5 billion in additional funds from the Payroll Support Program to U.S. air carriers, bringing to $12.4 billion the amount of funds provided to…
Local Nigeria Defends Slow Pace Of Virus Testing As Concern Grows April 25, 2020 Ekemini Nigeria defended the slow pace of testing for the coronavirus amid a lockdown that’s paralyzed economic activity in its two main cities as concern over the government response to the…
World U.S. Says It Will Not Take Part In WHO Global Drugs, Vaccine Initiative Launch April 25, 2020 Ekemini The United States will not take part in the launching of a global initiative on Friday to speed the development, production and distribution of drugs and vaccines against COVID-19, a…
World U.S. Deficit Could Quadruple To $3.7 Trillion In Coronavirus Crisis: CBO April 25, 2020 Ekemini A nationwide business shutdown and surge in U.S. government spending will nearly quadruple the federal deficit to a record $3.7 trillion this fiscal year as the country combats the coronavirus…
Investing Technology World Bitcoin Jumps To Highest Level Since March’s Coronavirus Crash April 25, 2020 Ekemini Buoyed by an overall shift in risk sentiment, cryptocurrencies surged on Thursday, with Bitcoin surpassing $7,500 for the first time since crashing in early March. Bitcoin rose as much as…
Features World Market Wrap April 25, 2020 Ekemini 2020, 9:03 PM GMT+1 S&P 500 index, crude futures still finished lower on the week. Treasury yields fell, dollar strengthened during crude turmoil. Evercore CEO Says Depth of Recession From…
Business World Airbnb Is Banking On A Post-Pandemic Travel Boom. April 25, 2020 Ekemini The home-rental company defined the travel industry after the last cataclysm, but may be less suited for what’s next.
Business World Marriott CEO Says Coronavirus Pandemic Will Change Hotel Stays April 25, 2020 Ekemini Most Marriott Hotels Will Survive the Crisis, Says CEO
Business World Tycoon Running 500 Hotels Says Virus Crisis Is Worst He’s Seen April 25, 2020 Ekemini Bill Heinecke thought he’d seen it all in a decades-long career running hotels: the Asian and global financial crises, SARS, and military coups in his adopted home, Thailand. But the…
Local IMF to Recommend $3.4 Billion Emergency Funding for Nigeria April 25, 2020 Ekemini IMF executive board meets on Tuesday to review request. If approved, the loan would be the largest yet in Africa
Banking Local Foreign Investor Dollars In Lockdown In Nigeria Debt Market April 25, 2020 Ekemini Country’s reserves under pressure as crude prices plunge. Debtholders await regulator’s dollar sales after lockdown. An aerial view shows empty streets during lockdown in Lagos.
Banking Local Nigerian Banks To Take $3.8 Billion Hit for Missing Targets April 25, 2020 Ekemini Nigeria’s central bank took 1.47 trillion naira ($3.8 billion) from lenders as additional cash reserves for failing to meet regulatory targets, according to people with knowledge of the matter. The…
Local Europe Is Preparing A Trillion-Euro Fund To Rebuild Its Economy April 25, 2020 Ekemini EU leaders have agreed to create a fund that could raise at least 1 trillion euros ($1.1 trillion) to rebuild regional economies ravaged by the coronavirus pandemic.
World Facebook Is Taking On Zoom With New Video Features April 25, 2020 Ekemini Facebook has a long history of expanding its features to emulate major competitors. Now it's taking on platform-of-the-moment Zoom.
World Singapore Airlines To Cancel Most Flights Until End Of June April 25, 2020 Ekemini Singapore Airlines said it will cancel most flights until the end of June. About 96% of scheduled flights will be canceled, and the airline will fly only to 15 cities…
World Trump Threatens To Block Aid For U.S. Post Office If It Does Not Raise Prices For Amazon April 25, 2020 Ekemini President Donald Trump on Friday threatened to block federal aid for the U.S. Postal Service unless it raises shipping rates for online companies like Amazon.com, prompting criticism that the move…
World Kanye West Becomes Hip-Hop’s Second Billionaire April 25, 2020 Ekemini has touted his billionaire status before — but now, the rapper is showing the receipts to prove it. According to a report published Friday by Forbes, a publication known for…
World Bill Gates: It’s Impossible To Overstate The Pain That Lies In The Years Ahead April 24, 2020 Ekemini That’s Bill Gates, Microsoft’s co-founder and co-chair of the Gates Foundation, sharing his latest thoughts on the coronavirus pandemic in an 11-page memo cited by the Seattle Times. The good…
Features World Billionaire Leon Cooperman Says ‘Capitalism As We Know It Will Likely Be Changed Forever’ April 24, 2020 Ekemini Billionaire Leon Cooperman says that the U.S. economy and markets may be facing lasting implications from the COVID-19 pandemic that has ravaged global economies. ‘Capitalism as we know it will…
Business World Coronavirus: US Companies Already Facing Bankruptcy April 24, 2020 Ekemini A growing number of companies will file for bankruptcies in 2020 as businesses remain shuttered due to the coronavirus. Airlines, retail stores and restaurants are among some of the industries…
Local Central Bank Of Nigeria Set Dec 2024 As Exit Date For Its N50bn Intervention Loans April 24, 2020 Ekemini The Central Bank of Nigeria has set December 31, 2024 exit date for its intervention loans to the Small and Medium Enterprises and households aimed at cushioning the effects of…
Local Sunlight And Humidity Kill Coronavirus The Fastest: US Scientists April 24, 2020 Ekemini US scientists say coronavirus dies the fastest when it is exposed to direct sunlight, though a study cited has not yet been made public and awaits external evaluation. William Bryan,…
