Why Oracle’s Bid For TikTok Might Not Be As Crazy As It Sounds
Oracle’s bid to acquire TikTok’s U.S. business might not be as bizarre as it initially sounds, analysts told CNBC Tuesday.…
Day: August 18, 2020
Currency Markets Warn of Turbulence Ahead
The U.S. dollar is driving a wedge between volatility expectations for global currencies and U.S. stocks. The greenback’s plunge last…
Nigeria: Foreign Reserves Fall By $544.94m In Six Weeks
The country’s foreign reserves fell by $544.94m from $36.17bn on July 1 to $35.62bn on August 13, the latest figures…
Nigeria: Over 60 Nigerians Return From Lebanon As Migrant Worker Conditions Worsen
On Sunday (16 August), 68 Nigerian women stranded in Lebanon returned home safely on a charter flight organized by the…
A Dow Buy Signal Says Warren Buffett’s Gold Stake Came Too Late For The Precious Metal
Gold had its best day since April on Monday, but market history says it may be time to bet against…
Trump Makes Another Attempt To Blame Amazon For Post Office Problems
President Donald Trump on Monday repeated his belief that Amazon is to blame for the U.S. Postal Service’s demise. “Amazon…
Walmart Posts Biggest Growth In Online Sales
Walmart Inc (WMT.N) posted its biggest-ever growth in online sales on Tuesday as shoppers placed orders for everything from electronics…
U.S. Treasury Yields Edge Lower As Investors Await Economic Data, Auctions
U.S. government debt prices were higher on Tuesday morning, as investors monitored a fresh batch of economic data and Treasury…
India’s Gold Market Plunged In The First Half. Here’s How The Second Half Looks
Recovery in India’s gold market remains uncertain in the second half of the year, dampened by factors including record high…
Kohl’s Posts Smaller-Than-Expected Loss, Shares Rise
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…
Walmart Beats On Profit, Posts Record Online Sales On Pandemic Boost
Walmart Inc (WMT.N) posted its biggest-ever growth in online sales on Tuesday as shoppers cashed in stimulus checks and ordered…
Nigeria: Unilag Soyombo Resumes As Acting VC Amid Tight Security
Security at the University of Lagos (UNILAG) senate building and council office was heightened on Monday after Omololu Soyombo assumed…
Nigeria: Bayelsa And Other Stories
“You know I used to think that this COVID-19 thing is a kind of scientific joke, but now I am…
U.S. States Seek $2.2 Trillion From OxyContin Maker Purdue Pharma: Filings
U.S. states claimed they are owed $2.2 trillion to address harm from OxyContin maker Purdue Pharma LP’s alleged role in…
Coronavirus Pandemic Now Driven By Younger Adults: WHO
The World Health Organization (WHO) said on Tuesday it was concerned that the novel coronavirus spread was being driven by…
Robinhood Snags Third Mega-Investment Of The Year, Boosting Valuation To $11.2 Billion
Venture capital investors are betting big on Robinhood during this pandemic-plagued year as people stuck at home, especially younger investors,…
Treasury Secretary Mnuchin says Democrats are unwilling to strike a ‘reasonable’ relief deal
Treasury Secretary Steven Mnuchin on Tuesday criticized top Democrats for what he categorized as stubborn tactics and refusal to discuss…
Walmart Second-Quarter Results Crush Estimates, As E-Commerce Sales Jump 97%
Walmart posted its biggest earnings surprise in 31 years Tuesday as shoppers rushed in to spend their stimulus checks, and…
Tech-Fuelled ‘Everything’s Awesome’ Rally Looks Unstoppable
Today’s $72 trillion question for investors: To buy or not to buy into the global equities rally? Notwithstanding inflated share…
$300 Unemployment Boost May Last For Only For 3 Weeks
A $300-a-week federal boost to unemployment benefits may end shortly after it starts. In some states, recipients may only get…
Detached From Reality? Why U.S. Stocks Just Hit A New High
Has Wall Street missed the news that we are in a pandemic? The U.S. economy remains battered by the coronavirus…
Nigeria: Buhari In Secret Talks With Jonathan
President Muhmmadu Buhari has concluded a closed-door meeting with former President Dr Goodluck Jonathan at the State House, Abuja. Although…
Oil Moves Lower As Suppliers Seek To Hold Promises On Output Cuts
Oil prices slipped on Tuesday, though they mostly held onto overnight gains after OPEC+ said the producer grouping is almost…
U.S. Housing Starts Surge In July In Rare Pandemic Bright Spot
U.S. homebuilding accelerated by the most in nearly four years in July in the latest sign the housing sector is…