Local Nigeria: NBA Splits As New Lawyers Association Emerges August 10, 2020 Ekemini A new form for lawyers to register as members of a new lawyers’ association is in public space, signifying the birth of a new lawyers association. It is called “New…
Local Nigeria: APC Condemns Atiku, PDP For Sponsoring Fake News Against Osinbajo August 10, 2020 Ekemini The All Progressives Congress (APC) has condemned former Vice President Atiku Abubakar and his party, the Peoples Democratic Party (PDP) for sponsoring attacks against Vice President Yemi Osinbajo. The ruling…
World Airline Shares Surge As TSA Numbers Hit Pandemic High, Support For Second Bailout Builds August 10, 2020 Ekemini Airline shares Monday headed for their biggest one-day percentage gains in nearly a month after federal data showed air travel at the highest volume in nearly five months and as…
Business Fed’s Evans Says Vulnerable Workers Affected By Crisis Face Highly Uncertain Future August 10, 2020 Ekemini The economic crisis caused by the coronavirus pandemic is falling hardest on the most vulnerable workers, and policymakers need to coordinate to come up with creative policies to help people…
World Enhanced Unemployment Would Continue At $400 Per Week Under New Trump Executive Order August 10, 2020 Ekemini President Donald Trump signed a series of executive orders Saturday in an effort to bypass congressional negotiations and extend financial relief to tens of millions of Americans during the coronavirus…
World U.S. Coronavirus Aid Talks Stalled, As Parties Trade Jibes August 10, 2020 Ekemini U.S. congressional leaders and Trump administration officials said on Monday they were ready to resume negotiations on a coronavirus aid deal, but talks remained deadlocked as Democrats said Republicans needed…
Business Stocks Making The Biggest Moves After Hours: Lyft, Uber, Occidental Petroleum And More August 10, 2020 Ekemini Lyft, Uber — Shares of the ride-hailing duo dipped after a San Francisco Superior Court judge ruled that they convert California drivers from independent contractors to employees with benefits. Lyft…
Technology Judge Blocks Uber, Lyft From Classifying Drivers As Contractors In California August 10, 2020 Ekemini A California judge on Monday granted the state’s request for a preliminary injunction blocking Uber Technologies Inc (UBER.N) and Lyft Inc (LYFT.O) from classifying their drivers as independent contractors rather…
Investing JPMorgan’s Chief U.S. Equity Strategist Says Investors Should Be Looking To Buy Virus laggards August 10, 2020 Ekemini JPMorgan’s chief U.S. equity strategist said Monday he sees an opportunity for investors to buy stocks that have been significantly impaired by the coronavirus pandemic, contending these laggards may lead…
Business S&P 500 Ends Up Slightly, Tech-Related Shares Underperform Value August 10, 2020 Ekemini The Dow jumped 1%, the S&P 500 inched up and the Nasdaq closed lower on Monday as investors extended a rotation into value stocks from heavyweight tech-related names while awaiting…
World Outgoing New York Times CEO On The Stock’s 400% Run And What Happens There If Donald Trump Loses August 10, 2020 Ekemini A View from the Top is a Q&A series exclusively available on CNBC Pro. Alex Sherman will regularly speak with a business leader about decision-making, investing and industry news. When…
Investing SpaceX Is Manufacturing 120 Starlink Internet Satellites Per Month August 10, 2020 Ekemini SpaceX is manufacturing its Starlink satellites at an unprecedented rate for the space industry, analysts say, as the company dives headlong into building a space-based global internet service. Elon Musk’s…
Business World Stocks Tick Up As China Industrial Data Offsets Trade Woes; Oil Rises August 10, 2020 Ekemini Stocks across the globe were little changed on Monday as upbeat industrial data out of China and hopes for more stimulus in the United States were offset by jitters over…
World U.S. Loan To Kodak Will Not Proceed Unless Allegations Cleared August 10, 2020 Ekemini The U.S. government will not proceed with a $765 million loan to Eastman Kodak Co (KODK.N) to make drugs at its U.S. factories unless the company is cleared of alleged…
Local Nigeria’s Ballooning Debt: Don’t Panic, China is not the Devil August 10, 2020 Ekemini Many Nigerians are worried about rising debt profile of the nation which settled at ₦28.6 trillion in the first half of 2020. Of the sum, Nigeria’s indebtedness to the Chinese…
World Trump’s Executive Orders Didn’t Include A Second Round Of Stimulus Checks—Here’s Why August 10, 2020 Ekemini President Trump signed four executive orders on Saturday, granting Americans financial relief in a number of areas. However, the actions did not provide any funding for a second round of…
Technology For Microsoft, TikTok Could Bring Numerous Problems That Have Been Plaguing Facebook And Twitter For Years August 10, 2020 Ekemini If Microsoft were to complete an acquisition of TikTok, it would gain a company with much potential for advertising revenue growth. But with such a purchase, Microsoft would also take…
Business Oil Jumps Nearly 2% On Chinese Factory Data, U.S. Stimulus Hopes August 10, 2020 Ekemini Oil rose on Monday, supported by an improvement in Chinese factory data, rising energy demand and hopes for an agreement in the United States on more coronavirus-related economic stimulus. Brent…
Business European Markets Close Slightly Higher As Investors Digest U.S. Stimulus Hopes; Banks Rise 2% August 10, 2020 Ekemini European stocks ended the day cautiously higher on Monday, brushing off tensions between the U.S. and china that hit technology stock. The pan-European Stoxx 600 pared some of its earlier…
World McDonald’s Sues Former CEO Easterbrook, Alleges He Lied About Relationships He Had With Workers August 10, 2020 Ekemini Mcdonal’s is trying to recover millions in compensation it paid out to former CEO Steve Easterbrook by suing him for allegedly committing fraud and lying during the company’s internal probe…
World Governors Roll Back Hours Instead Of Reopenings As Bars Take Blame For Coronavirus Surge August 10, 2020 Ekemini Desy’s is one of the last bars left standing in Morrisville, North Carolina. Owner Desislava Nikolova made her American dream come true by opening Desy’s and another bar in nearby…
Business Treasury Yields Fall Slightly As Investors Monitor Stimulus Bill And U.S.-China Tensions August 10, 2020 Ekemini Treasury yields dipped on Monday as investors monitored the state of U.S. stimulus talks and the latest fraying of relations between Washington and Beijing. The yield on the benchmark 10-year…
World ‘Vast’ Gap In Funding Needed To Fight The Coronavirus, WHO Warns August 10, 2020 Ekemini The head of the World Health Organization warned Monday of a huge gap in funding to help fight the coronavirus pandemic. WHO chief Tedros Adhanom Ghebreyesus said there was a…
Business Watch This On The S&P 500 For A Signal On When To Get Defensive, Wells Fargo Securities’ August 10, 2020 Ekemini Congress at a stimulus stalemate and rising U.S.-China tensions have not stopped the S&P 500 from marching back up to just 1% from record highs. Democratic and Republican lawmakers on…
World Second $1,200 Stimulus Checks Could Be Coming For Many, That Won’t Cover The Rent August 10, 2020 Ekemini Negotiations over the next coronavirus stimulus package on Capitol Hill ended the week in a stalemate. But there’s one form of help lawmakers reportedly agree on: a second set of…
World Coronavirus Live Updates: Mnuchin Says Relief Deal Could Come This Week; TSA Screenings Return To March Levels August 10, 2020 Ekemini The United States topped five million cases of the coronavirus on Sunday, marking a grim milestone that represents roughly a quarter of all confirmed cases across the world. Markets and…
Local Dow Jumps 250 Points To Start Week Even As White House, Congress Battle Over Coronavirus Relief August 10, 2020 Ekemini The Dow Jones Industrial Average rallied on Monday even amid uncertainty over a new coronavirus stimulus package. The 30-stock Dow advanced 237 points, or 0.9%. Boeing and Nike were the…
World Passports For Purchase: How The Elite Get Through A Pandemic August 10, 2020 Ekemini For most people, the coronavirus pandemic has meant fewer travel options. Not so for super-rich families who are increasingly using their money to cross borders that would otherwise be closed…
