Alphabet Stock Pops 8% As Company Crushes Expectations
Google parent company Alphabet’s stock rose more than 8% in after-hours trading as it crushed expectations for both earnings and…
Day: October 29, 2020
European Stocks Close Lower As ECB Hints At Further Stimulus; Nokia Down 20%
LONDON — European markets closed slightly lower on Thursday after a choppy trading session, as investors digest new lockdown measures…
Gold Slips To 1-Month Low As Dollar Gains Upper Hand
Gold prices fell to a one-month low on Thursday, extending the previous session’s sharp slide as the dollar remained the…
Oil Falls More Than 3%, On Track For Worst Week Since April
Oil prices fell more than 3% on Thursday, extending the previous day’s sharp decline on the potential impact renewed coronavirus…
Dollar Holds Ground As Rising Covid-19 Cases Boost Safe-Haven Demand
The dollar held gains against a basket of major currencies on Thursday as escalating coronavirus cases in Europe stoked investor…
Apple One Subscription Bundles Launch On Friday Starting At $14.95 A Month
Apple will launch its Apple One subscription bundles on Friday, Apple CEO Tim Cook told CNBC on Thursday. Apple One…
Treasury Yields Jump After Better-Than-Expected Economic Data
Treasury yields climbed on Thursday after economic data pointed to a continuing recovery. The yield on the benchmark 10-year Treasury…
A New Coronavirus Variant Is Seen Spreading Across Europe, Research Says
LONDON — A variant of the coronavirus that is believed to have originated in Spain has spread across Europe and…
Apple Falls As Strong iPad And Mac Sales Fail To Make Up For iPhone Decline
Apple reported fourth-quarter earnings on Thursday that slightly exceeded Wall Street expectations, but the company did not offer investors any…
Netflix Raises Prices On Standard And Premium Plans
Netflix on Thursday raised the prices of its standard and premium plans to $13.99 and $17.99 per month, respectively. Prior…
Amazon Reports Sales Growth Of 37%, Topping Estimates
Amazon reported better-than-expected third-quarter results after the bell on Thursday, including soaring profits and 37% revenue growth. The stock bounced…
Mnuchin Accuses Pelosi Of Pulling A ‘Political Stunt’ As Stimulus Talks Stall
Discussions between House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin took on a decidedly less cordial tone Thursday as…
Facebook Reports A Decline In Users In The U.S. And Canada
Facebook stock remained relatively flat on Thursday after the company reported a decrease in users in the U.S. and Canada…
#EndSARS: Lagos Offers Scholarships To Children Of Slain Police Officers
The Lagos government says the children of police officers who died during the #EndSARS crisis in the state will be…
Looting: Police ‘Recover 35 Tractors’ In Adamawa, ‘Arrest 184 Suspects’
Olugbenga Adeyanju, commissioner of police in Adamawa, says 35 tractors have been recovered, while 184 suspects have been arrested over…
Starbucks Earnings Top Estimates As Sales Rebound Quicker Than Expected In U.S., China
Starbucks on Thursday reported that sales in the U.S. and China are recovering from the coronavirus pandemic more quickly than…
Lagos Govt Asks Schools To Reopen After Protests
Private and public schools in Lagos State can reopen from Monday, November 2, 2020. The Commissioner for Education, Mrs Folasade…
Court Refuses To Issue Warrant For Diezani’s Arrest
A federal high court in Abuja has refused an application by the Economic and Financial Crimes Commission (EFCC) which sought…
“Your Demands Are Ridiculous” – FG Tells ASUU
The federal government has described the demands of the Academic Staff Union of Universities (ASUU) as ridiculous and unreasonable. The…
#EndSARS: Wike Pledges N20m Compensation To Each Slain Police Officer
Governor Nyesom Wike of Rivers has announced N20 million compensation each to families of soldiers and policemen allegedly killed by…
Hackers Stole $2.3M From Trump Reelection Fund
Hackers stole $2.3 million from the Wisconsin Republican Party’s account that was being used to help reelect President Donald Trump…
ECB Signals December Stimulus Likely Amid European Lockdowns
The European Central Bank gave a strong indication that it will likely boost its emergency bond-buying program to stabilize the…
Nigeria’s Economy Too Fragile For A Second Lockdown
In a tweet via his official Twitter account on Thursday, the president said the country’s economy is too fragile to…
Dollar Stabilises As Europe’s New Lockdowns Keep Risk Appetite Subdued; ECB In Focus
The dollar edged up slightly on Thursday and riskier currencies remained subdued, with markets worried about Europe’s second wave of…
Britain Says It Is Doing Everything It Can To Avoid National Lockdown
Britain will do everything it can to avoid ordering a second national COVID-19 lockdown because it believes it will do…
CBN Increases Access To Mortgage Financing
The Central Bank of Nigeria has said it has removed the restriction on non-member mortgage lenders from refinancing their mortgages…
Nigeria’s Earnings Threatened As Oil Sheds $2.33/Barrel
Brent, the oil against which Nigeria’s crude is benchmarked, dropped in price on Wednesday, shedding $2.33/barrel. The bulk of Nigeria’s…
Naira Falls To N465/$1 At Black Market, Gains 0.09% At I&E
After maintaining stability for some days, the Naira finally recorded a movement against the United States Dollar on Wednesday at…
Wide Gulf Persists Between CBN, BDC Rates For Naira And Dollar
The Nigerian Naira remains battered by US Dollar, Euro, Sterling The Central Bank of Nigeria exchanges N379 to one US…
Sterling Bank Launches ‘Switch’ Free Money Transfer Service For Nigerians In Diaspora
Sterling Bank Plc has launched “a free money transfer service” for Nigerians in diaspora, called ‘Switch’, to promote financial inclusion,…