Amazon Invests In Battery Recycling Firm Started By Former Tesla Executive
Amazon, one of the largest consumers of batteries in the world, is investing in battery recycling start-up Redwood Materials, a…
Month: September 2020
Why GNC Filed For Bankruptcy Protection Despite Vitamin Sales Boom
For decades GNC has been the one-stop shop for vitamins, muscle-building protein powder packs and practically every variety of weight-loss…
5 Things To Know Before The Stock Market Opens Thursday
1. Wall Street set to drop with tech stocks under continued pressure People walk past a business that is closing…
Moderna Expects To Know If Its Coronavirus Vaccine Works By November, CEO Says
Moderna should have enough data from its late-stage trial to know whether its coronavirus vaccine works in November, CEO Stephane…
Europe On High Alert As Coronavirus Cases Rise And Targeted Lockdowns Return
There are growing concerns in Europe at what is being seen as an alarming rise in coronavirus cases, with the…
Dow Futures Drop More Than 200 Points After Fed Signals No Rate Hikes Until 2023
U.S. stock futures were lower early Thursday morning as traders digested the Federal Reserve’s pledge to keep rates low over…
CDC Director Says Face Masks May Provide More Protection Than Coronavirus Vaccine
Face coverings are “the most powerful public health tool” the nation has against the coronavirus and might even provide better…
Apple’s iOS 14 Brings Big Changes To Your iPhone — Here’s How To Get It
Apple just released iOS 14, its big new software update for iPhones. It offers lots of fresh features, like big…
FG To Create Crime Proceeds Recovery Agency
The Federal Government has approved the Proceeds of Crime Recovery and Management Agency Bill. Attorney General of the Federation and…
OPEC+ Compliance In August Seen At 101% – Two Sources
Compliance with oil production cuts in August among OPEC+ members was seen at around 101%, two OPEC+ sources told Reuters…
African Central Banks May Say They’ve Done What They Can for Now
African central banks meeting in the next two weeks may decide that they’ve done all they can for now to…
Tax-Free Airport Sales To End In January
The UK government is set to end tax-free sales at airports, ports and Eurostar stations from 1 January 2021, in…
The Structural Origins Of Rising Inflation
Headline inflation accelerated for the twelfth successive month in August to 13.22% y/y from 12.82% the previous month. (Our expectation,…
Deregulation: Ideally, Nigerians should be paying N183 per litre for petrol – FG
The federal government has not fully deregulated the petroleum sector and should it do so, Nigerians would be paying about…
FG, Lagos State Stop Barge Operations Along Marina Coastline
The Federal Government, in conjunction with Lagos State, yesterday ordered the stoppage of all barge operations, which have desecrated the…
Pound Near Two-Month Lows On Brexit Worries; Bank Of England Eyed
The British pound held within striking distance of a two-month low on Wednesday before a Bank of England decision on…
Dollar, Sterling, Euro Batter Naira Again In Parallel Market
The Naira has lost all its gains of two weeks ago against the US dollar and other major currencies and…
U.S Reviews Ban On Migrant Visa As Nigeria Meets 90% Requirement
The U.S. government has said that it is reevaluating its ban on some categories of Migrant Visas for Nigerians having…
Oil Prices Below $40: What It Means For Nigeria, Local Oil Companies, Banks
The price of Brent, the benchmark of Nigeria’s crude oil has fallen to $39 as bearish factors mount and sentiment…
Debts – FAAN To Quit Servicing Private Airports
Lagos — The Federal Airports Authority of Nigeria (FAAN) may quit its services for some private aerodrome operators over growing…
Yen Hits Two-Week High On Dovish Fed Expectations; Yuan Rallies
The Japanese yen inched higher on Wednesday as traders bet an ultra-accommodative U.S. Federal Reserve would weigh on the U.S.…
Apple Will Finally Sell Apple Watches To People Without iPhones, Offering A New Hook Into Its Ecosystem
In the five years since the Apple Watch first went on sale, it’s always been an iPhone accessory. But on…
Peloton Thinks It Can Grow To 100 Million Subscribers. Here’s How
Peloton just had a breakout quarter, as sales of its high-tech bikes skyrocketed, and its subscriber base surged at a…
The Coronavirus Has Killed At Least 121 Young People In The U.S., Mostly Minorities, CDC Says
Covid-19 has killed at least 121 people under 21 years old across the U.S., nearly two-thirds of whom were Black…
At Least 24 Million Students Could Drop Out Of School Due To The Coronavirus Pandemic, UN Says
The disruption to schools caused by the coronavirus pandemic constitutes a “global education emergency” that threatens to derail the education…
Peloton CEO On Apple Launching A Workout Service: ‘It’s Quite A Legitimization Of Fitness Content’
Peloton CEO John Foley said Tuesday that Apple launching a fitness platform is a “legitimization” of this type of content.…
Kraft Heinz Looks To Revamp Oscar Mayer Brand, Cut 20% Of Products, As It Rethinks Business
As Kraft Heinz tries to make its new customers stick around after the coronavirus pandemic, the company is rethinking its…
Backup driver in fatal Arizona Uber self-driving car crash charged with negligent homicide
Approval of Oracle’s deal to become a “trusted technology provider” for ByteDance’s TikTok will be announced on Tuesday afternoon, CNBC’s…
CBN Allows Banks To Pay Winnings, Salaries For 7 Banned Betting & Gaming companies
The Central Bank of Nigeria has given some commercial banks instructions to allow betting and gaming companies suspended earlier in…