Technology Why Oracle’s Bid For TikTok Might Not Be As Crazy As It Sounds August 18, 2020 Ekemini Oracle’s bid to acquire TikTok’s U.S. business might not be as bizarre as it initially sounds, analysts told CNBC Tuesday. The enterprise software giant is said to be working with…
Business Currency Markets Warn of Turbulence Ahead August 18, 2020 Ekemini The U.S. dollar is driving a wedge between volatility expectations for global currencies and U.S. stocks. The greenback’s plunge last month jolted currencies so profoundly that a gauge of expected…
Banking Business Local Nigeria: Foreign Reserves Fall By $544.94m In Six Weeks August 18, 2020 Ekemini The country’s foreign reserves fell by $544.94m from $36.17bn on July 1 to $35.62bn on August 13, the latest figures from the Central Bank of Nigeria have shown. The CBN…
Local Nigeria: Over 60 Nigerians Return From Lebanon As Migrant Worker Conditions Worsen August 18, 2020 Ekemini On Sunday (16 August), 68 Nigerian women stranded in Lebanon returned home safely on a charter flight organized by the Federal Government of Nigeria arriving at the Nnamdi Azikiwe International…
Business A Dow Buy Signal Says Warren Buffett’s Gold Stake Came Too Late For The Precious Metal August 18, 2020 Ekemini Gold had its best day since April on Monday, but market history says it may be time to bet against the precious metal. A surprising development helped to propel gold…
Technology Trump Makes Another Attempt To Blame Amazon For Post Office Problems August 18, 2020 Ekemini President Donald Trump on Monday repeated his belief that Amazon is to blame for the U.S. Postal Service’s demise. “Amazon and other companies like it, they come and they drop…
Business Walmart Posts Biggest Growth In Online Sales August 18, 2020 Ekemini Walmart Inc (WMT.N) posted its biggest-ever growth in online sales on Tuesday as shoppers placed orders for everything from electronics and toys to groceries from the safety of their homes…
Business U.S. Treasury Yields Edge Lower As Investors Await Economic Data, Auctions August 18, 2020 Ekemini U.S. government debt prices were higher on Tuesday morning, as investors monitored a fresh batch of economic data and Treasury auctions. TREASURYS TICKER COMPANY YIELD CHANGE %CHANGE US3M U.S. 3…
Business India’s Gold Market Plunged In The First Half. Here’s How The Second Half Looks August 18, 2020 Ekemini Recovery in India’s gold market remains uncertain in the second half of the year, dampened by factors including record high prices for the metal, the World Gold Council told CNBC.…
Business Kohl’s Posts Smaller-Than-Expected Loss, Shares Rise August 18, 2020 Ekemini Kohl’s Corp (KSS.N) posted a smaller-than-expected quarterly loss on Tuesday, as the department-store chain reopened most of its stores that were shuttered for weeks to curb the spread of the…
Business Walmart Beats On Profit, Posts Record Online Sales On Pandemic Boost August 18, 2020 Ekemini Walmart Inc (WMT.N) posted its biggest-ever growth in online sales on Tuesday as shoppers cashed in stimulus checks and ordered everything from electronics and toys to groceries from the safety…
Local Nigeria: Unilag Soyombo Resumes As Acting VC Amid Tight Security August 18, 2020 Ekemini Security at the University of Lagos (UNILAG) senate building and council office was heightened on Monday after Omololu Soyombo assumed office as acting vice-chancellor (VC). Oluwatoyin Ogundipe, the VC of…
Local Opinion Nigeria: Bayelsa And Other Stories August 18, 2020 Ekemini “You know I used to think that this COVID-19 thing is a kind of scientific joke, but now I am beginning to take it seriously.” “How can you say that?…
Business U.S. States Seek $2.2 Trillion From OxyContin Maker Purdue Pharma: Filings August 18, 2020 Ekemini U.S. states claimed they are owed $2.2 trillion to address harm from OxyContin maker Purdue Pharma LP’s alleged role in America’s opioid epidemic, accusing the drugmaker in new filings of…
World Coronavirus Pandemic Now Driven By Younger Adults: WHO August 18, 2020 Ekemini The World Health Organization (WHO) said on Tuesday it was concerned that the novel coronavirus spread was being driven by people in their 20s, 30s and 40s, many of whom…
Business Robinhood Snags Third Mega-Investment Of The Year, Boosting Valuation To $11.2 Billion August 18, 2020 Ekemini Venture capital investors are betting big on Robinhood during this pandemic-plagued year as people stuck at home, especially younger investors, jump into trading a stock market that’s experienced its fastest…
World Treasury Secretary Mnuchin says Democrats are unwilling to strike a ‘reasonable’ relief deal August 18, 2020 Ekemini Treasury Secretary Steven Mnuchin on Tuesday criticized top Democrats for what he categorized as stubborn tactics and refusal to discuss any “reasonable deal” to provide relief to American consumers and…
Business Walmart Second-Quarter Results Crush Estimates, As E-Commerce Sales Jump 97% August 18, 2020 Ekemini Walmart posted its biggest earnings surprise in 31 years Tuesday as shoppers rushed in to spend their stimulus checks, and online sales nearly doubled during the coronavirus pandemic. The discount…
Technology Tech-Fuelled ‘Everything’s Awesome’ Rally Looks Unstoppable August 18, 2020 Ekemini Today’s $72 trillion question for investors: To buy or not to buy into the global equities rally? Notwithstanding inflated share prices, politics and the pandemic, the answer from many is…
World $300 Unemployment Boost May Last For Only For 3 Weeks August 18, 2020 Ekemini A $300-a-week federal boost to unemployment benefits may end shortly after it starts. In some states, recipients may only get three weeks’ worth of payments — if they get it…
Business Detached From Reality? Why U.S. Stocks Just Hit A New High August 18, 2020 Ekemini Has Wall Street missed the news that we are in a pandemic? The U.S. economy remains battered by the coronavirus outbreak and Congress is deadlocked on another stimulus bill –…
Local Nigeria: Buhari In Secret Talks With Jonathan August 18, 2020 Ekemini President Muhmmadu Buhari has concluded a closed-door meeting with former President Dr Goodluck Jonathan at the State House, Abuja. Although the details of their discussions were yet to be disclosed…
Business Oil Moves Lower As Suppliers Seek To Hold Promises On Output Cuts August 18, 2020 Ekemini Oil prices slipped on Tuesday, though they mostly held onto overnight gains after OPEC+ said the producer grouping is almost fully complying with output cuts to support prices amid a…
Business World U.S. Housing Starts Surge In July In Rare Pandemic Bright Spot August 18, 2020 Ekemini U.S. homebuilding accelerated by the most in nearly four years in July in the latest sign the housing sector is emerging as one of the few areas of strength in…
