Euro Breaks Through $1.20 As Dollar Sell-Off Gathers Pace
The euro broke through the $1.20 mark for the first time since 2018 on Tuesday and the dollar slipped to…
Year: 2020
Virgin Atlantic, Eyeing Approval Of Rescue Deal, Restarts More Routes
Virgin Atlantic will resume flying to Delhi, Tel Aviv, Atlanta, Mumbai and Lagos from London in September as travel restrictions…
The Oil Price And Production Paradox
Nigeria’s public finances work well when oil prices are above US$50.00/bbl (better still, above US$60.00/bbl). Though prices are trending in…
Nigeria Naira Firms 9.7% On Black Market On Plans To Sell FX To Currency Operators
The Nigerian currency firmed sharply on the black market on Tuesday, gaining 9.65% to 435 naira against the U.S. dollar,…
Here are Tuesday’s biggest analyst calls of the day: Apple, Zoom, Chipotle, Penn National & more
Here are the biggest calls on Wall Street on Tuesday: BTIG upgraded Zoom to buy from neutral BTIG upgraded the…
Tech Investor Who Got In Early On The Cloud Software Boom Discusses What Happens Next
A View from the Top is a Q&A series exclusively available on CNBC Pro. CNBC reporters will regularly speak with…
Analyst Raves Over Penn Gaming-Barstool, Sees 46% Upside: ‘Don’t Bet Against Portnoy’
Penn National Gaming’s investment in David Portnoy’s Barstool Sports is nothing short of brilliant, pairing one of the largest online…
Samsung’s New $1,999 Folding Phone Launches On Sept. 18
Samsung on Tuesday announced that its new folding phone launches on Sept. 18 for $1,999. It will be sold by…
Expect Trump To Talk Less And Less About The Pandemic The Closer He Gets To The Election, Political Strategists
At a daily press briefing originally designed to update the public on the coronavirus outbreak ripping through America, President Donald…
52 Former Franchisees Sue McDonald’s For Racial Discrimination
More than 50 former McDonald’s franchisees are suing the fast-food giant for racial discrimination, alleging it denied them the same…
Coronavirus Cases Are On The Rise Again Across More Than Half Of The U.S.
Coronavirus cases are rising across more than half of the nation even as the outbreak slows across former hotspots in…
Nigeria: Adesina Sworn-In For Another Term As AfDB President
Dr Akinwunmi Adesina has been sworn as President of the African Development Bank (AfDB), to serve another five-year term. The…
Delta, American Drop Domestic Change Fees, Following Move By United
Delta Air Lines and American Airlines said Monday they are dropping domestic change fees, mirroring an announcement by rival United…
House Panel Opens Probe Of White House Trade Advisor Navarro After Abrupt Cancellation Of Ventilator Contract
A House Oversight subcommittee has opened a probe of all federal contracts negotiated by White House trade advisor Peter Navarro…
Trump Heads To Politically Crucial Wisconsin Amid Violence, Racial Unrest
Despite entreaties to stay away, President Donald Trump heads to Kenosha, Wisconsin on Tuesday to highlight his “law and order”…
JPMorgan’s Tusa Gets More Negative On GE: ‘We See Little Equity Value Here’
General Electric has a bumpy road ahead and won’t be seeing a “V-shaped” recovery, JPMorgan analyst Stephen Tusa said in…
Portland Mayor Urges Restraint, Renunciation Of Violence After Fatal Shooting
Officials in Portland, Oregon, said on Sunday they were braced for an escalation of protest-related violence that has convulsed the…
Canada To Purchase 76 Million Doses Of Novavax Coronavirus Vaccine
American vaccine developer Novavax announced Monday that it’s reached an agreement in principle with Canada to supply 76 million doses…
Businesses May Not Normalise Till August 2021
Businesses and brands, hoping to return to ‘winning ways’ soon, after the devastating effects of the COVID 19 pandemic, may…
Coronavirus Cases Climb In The Midwest As More States Report Growing Outbreaks
Coronavirus cases in the Midwest are beginning to increase following warnings from top U.S. health officials that the country’s heartland…
External Reserves Reverse Negative Trend, Rises To $35.7bn
The nation’s external reserves, last week, rose (though slightly) for the first time in 12 weeks, to $35.66 billion. Data…
Stocks Making The Biggest Moves Midday: Apple, Tesla, Beyond Meat, Amazon & More
Apple — Shares rallied 3.5% as its long-awaited 4-for-1 stock split took effect. That gain made the tech giant the…
Not A Single Foreigner Invested In Nigerian Bonds In Q2
Not a single foreigner invested in Nigerian bonds in the second quarter of 2020. For the first time in more…
Banks’ Credit to Private Sector Rises to N30.189tn
Banking sector’s credit to the private sector rose by N757 billion or 2.57 per cent to N30.189 trillion as of…
Speculators Lose As Naira Sells At N460 On Black Market
Currency speculators are losing as much as N20 with the dollar trading at N460 as at 3:00pm on Monday across…
Scientists See Downsides To Top COVID-19 Vaccines From Russia, China
High-profile COVID-19 vaccines developed in Russia and China share a potential shortcoming: They are based on a common cold virus…
McDonald’s Slams Ex-CEO As ‘Morally Bankrupt’ After He Asks For Dismissal Of Chain’s Lawsuit Against Him
McDonald’s slammed former CEO Steve Easterbrook in a new legal filing on Monday, arguing that he should have to defend…
In Panic, Forex Speculators Prepare To Dump Dollars
For most speculators who bought forex at less than N400/$1, they are pondering whether to sell. Forex speculators are apprehensive…
History Of Apple Stock Splits Says Investors Shouldn’t Rush In To Buy Lower-Priced Shares
Apple is having a great year, and its 4-for-1 stock split on Monday is expected to make the market’s most-valuable…
Carlyle’s David Rubenstein: ‘Still A Little Nervous’ But Market Rally Has ‘Somewhere More To Go’
Carlyle Group co-founder David Rubenstein told CNBC on Monday he is “still a little nervous” about the stock market’s robust…