Elon Musk’s Boring Company Completes Second Tunnel In Las Vegas
The Boring Company, Elon Musk’s underground transportation project, has completed work on a second tunnel in Las Vegas. Musk, who…
Day: May 15, 2020
Fitbit Plans To Make Emergency Ventilators For Covid-19
Fitbit, which makes wearable devices including fitness-trackers, is shifting its supply chain to make emergency-use ventilators, CEO James Park told…
Mike Bloomberg Plots Spending Blitz To Support Joe Biden’s Run For President
Billionaire and former presidential candidate Mike Bloomberg is plotting a massive spending blitz to back Joe Biden’s quest for the…
Could Jeff Bezos Really Become The World’s First Trillionaire By 2026?
Jeff Bezos is already the world’s wealthiest person by a healthy margin and he’s the founder and CEO of one…
Facebook Is Building A Huge Undersea Cable Around Africa To Boost Internet Access In The Continent
Facebook is building a massive underwater cable around Africa, in an effort to bring more of the continent’s 1.3 billion inhabitants…
Nigeria: Currency In Circulation Rises By N11.38bn In One Month
The total currency in circulation in the country rose to N2.3tn as of April 30 from N2.29tn on March 31,…
Nigeria: Borrowers Complain As MfBs Demand Loan Repayment
Some borrowers from microfinance banks have decried their exemption from loan tenor extension in the banking industry, which some commercial…
Mark Cuban Believes The Market Is Overvalued
Shark Tank” investor Mark Cuban believes the market is overvalued as coronavirus induced uncertainty over consumer spending persists. The Missing…
Saudi Oil Rush Threatens To Disrupt Stabilizing U.S. Market
An armada of tankers filled with Saudi Arabian crude steaming toward the U.S. threatens to prevent America’s oil glut from…
China Ready To Put Apple, Other U.S. Companies In ‘Unreliable Entity List’
China is ready to put U.S. companies in an “unreliable entity list,” as part of countermeasures against Washington’s move to…
U.S. Moves To Cut Huawei Off From Global Chip Suppliers As China Eyes Retaliation
The Trump administration on Friday moved to block global chip supplies to blacklisted telecoms equipment giant Huawei Technologies [HWT.UL], spurring…
China’s Unemployment Rises As Coronavirus Wrecks More Havoc On Economy
The unemployment rate in China remained near historic highs in April, highlighting the challenges the world’s second-largest economy still faces…
Slovenia Becomes First European Nation To Declare An End To Its Coronavirus Epidemic
Slovenia has become the first European country to declare its domestic coronavirus outbreak officially over. The country’s government confirmed in…
Netflix Hits A Record High, And Trader Says One Level Holds
Netflix hit a record high after Jefferies gave three reasons to buy the stock. In the firm’s pro column, analysts…
German Economy Posts Sharpest Contraction Since The Financial Crisis
German GDP (gross domestic product) shrank by 2.2% in the first quarter compared to the final three months of 2019, official preliminary…
Oil Records Second Monthly Drop, Unsold Cargoes Increase
Crude oil in the Organisation of Petroleum Exporting Countries reference basket dropped for the second consecutive month in April, shedding…
Airline Industry Not Likely To Recover For At Least A Year: Southwest CEO
The airline industry is not likely to recover to pre-coronavirus levels for at least the next six to 12 months,…
World Stocks Win A Respite, Oil Prices Jump Over 3%
World stocks rose on Friday and oil prices jumped more than 3%, taking the sting out of a week that…
UK Announces £1.6bn Bailout For London’s Transport System
The British government will pump £1.6 billion into London’s public transport system to restore services and help prevent overcrowding as…
A London-Based Trading House Bought 250,000 Barrels Of Oils During The Historic Plunge Below $0, And Likely Made A Fortune
One trader bought 250,000 barrels of oil and secured a rare payout at a time when oil prices turned negative,…