Ford to halt production of F-150, Bronco Sport and other vehicles due to chip shortage
DETROIT – Ford Motor will halt or cut production at eight North American plants for varying periods of time through June due…
Day: May 19, 2021
Apple’s Head Of Software Admits Macs Have An Unacceptable Amount Of Malware
Apple’s head of software, Craig Federighi, said in court on Wednesday that Apple is not pleased with the amount of harmful software,…
Cisco Returns To Growth But Disappoints On Earnings Guidance
Cisco shares fell 6% in extended trading on Wednesday after the data center networking hardware maker said it expects this quarter’s…
Apple’s new iPad Pro Is Super Powerful And Has An Amazing Screen, But The iPad Air is still best for most people
I’ve been testing Apple’s new 12.9-inch iPad Pro for the past week or so. It might look similar to the last…
Bill Miller Isn’t Fazed By The Bitcoin Drop And Says The Volatility Is ‘Pretty Routine’
Longtime bitcoin bull and big holder Bill Miller on Wednesday downplayed the cryptocurrency’s recent wild trading action. “If I liked something…
Tom Lee Says Stocks May Be Primed For A Big Rally. Here’s why
Tom Lee told CNBC on Wednesday he sees conditions in the market that could help spark a rally in stocks,…
Crypto And Market Volatility Got You Rattled? These Stocks Are A Smooth Ride
Volatility in the cryptocurrency and stock market is spooking investors but a handful of stocks could offer solid returns without…
Squarespace CEO is worth $2.4 billion after web company he built in college debuts on NYSE
By 2010, Anthony Casalena was seven years into bootstrapping his start-up Squarespace, which he’d grown from a dorm room project at the…
Netanyahu Determined To Carry On With Gaza Military Offensive Despite Pressure For Cease-Fire
Israeli Prime Minister Benjamin Netanyahu on Wednesday said he was determined to continue the bombardment of Gaza, after U.S. President Joe Biden called for…
Lumber Futures Swing 10% In Wild Session As Speculative Frenzy Ends
Lumber futures gyrated in wild trading on Wednesday as traders struggled to determine if a recent pullback in wood prices…
Peter Thiel is backing a rival to Elon Musk’s brain implant company
Palantir co-founder and venture capitalist Peter Thiel has invested in a company that’s putting computer chips into people’s heads in a…
Amazon says vaccinated workers can ditch masks starting next week
Amazon said Wednesday it will soon stop requiring face masks for fully vaccinated workers inside warehouses, except where required by law.…
TuSimple says its self-driving trucks shaved 10 hours off a 24-hour run
Autonomous vehicle company TuSimple on Wednesday claimed that its trucks shaved 10 hours off what’s normally a 24-hour job. The company tested…
Elon Musk tweets ‘diamond hands’ emoji amid bitcoin drop, implying Tesla won’t sell
Tesla CEO Elon Musk doesn’t appear to be shying away from bitcoin, despite the crypto-wide sell-off, which cut the value of bitcoin in half…
Sterling Shrugs At Rising Inflation, Hovers Below $1.42
Sterling turned slightly lower against a recovering dollar and hit its lowest in more than a week against the euro on Wednesday, after data…
Crypto Tumble Wipes US$600 Billion Off Digital Tokens In A Week
Virtual currencies are retreating so broadly and sharply, it’s testing the durability of the cryptocurrency boom. The value of more…
Cathie Wood, Still A Bitcoin Believer, Sees It Going To US$500,000
Cathie Wood is keeping the faith, even in the face of Bitcoin’s massive plunge that had wiped US$500 billion from…
Nigeria Cocoa Hurt By Currency Depreciation, Chemical Costs, Officials And Farmers Say
IBADAN, Nigeria–The output and quality of Nigeria’s 2020-21 cocoa crop are likely to suffer as increased chemical prices and a…
Nigeria’s Naira Firms 8% After Hitting Record Low On Official Market
The Nigerian currency, the naira, briefly firmed 8% on Wednesday to 394 to the dollar on the official market after…
Bitcoin’s Plunge Intensifies, Tanks 30% To $30,000 In Single Day Amid Broad Cryptocurrency Sell-Off
Plunged to near $30,000, continuing a major sell-off that began a week ago. The digital currency was down more than…
China Will Need To Give Up FX Controls Eventually, PBOC Official Says
BC-China-Will-Need-to-Give-Up-FX-Controls-Eventually-PBOC-Official-Says , Bloomberg News (Bloomberg) — China has to give up its control over the currency’s exchange rate eventually if…
Hedging Against Inflation
Goddy Egene writes that as inflation rate remains above 18 per cent, the stock market still provides investors opportunity to…
Pension Assets Rise To N12.34 Trillion In March
Nigeria’s total pension fund assets appreciated by N100 billion in March to rally at N12.34 trillion as against the N12.24…
Big Institutional Investors Are Dumping Bitcoin And Going Back Into Gold, JPMorgan Says
Institutional investors are dumping bitcoin in favor of gold, reversing a recent trend that’s played out over the last two…
UK’ll Deny Visas To Nigerians Who Disrupt 2023 Polls – British High Commissioner
BRITISH High Commissioner to Nigeria, Catriona Laing, has said the United Kingdom, UK, would deny visas to Nigerians who disrupt…
Mobile Money Is Helping Airtel Africa And Its Rivals Bounce Back From Covid-19
Mobile money is providing a much-needed revenue buffer against disruptions from the coronavirus pandemic for Africa’s big telecoms companies, such…
Boris Johnson Fleshes Out Plans To ‘Level Up’ Prosperity In U.K.
Prime Minister Boris Johnson attempted to refocus attention on his “leveling up” agenda by unveiling plans to modernize Britain’s high…
Investors Shun Naira Debt Over Inflation Concerns
Elevated inflation and dwindling liquidity concerns are keeping investors away from Nigeria’s localcurrency debt, Bloomberg reported yesterday. According to the…
Ghana Markets Regulator Says Local Stocks May Add To 30% Gains
Ghana stocks may extend gains in 2021 of more than 30%, snapping three years of declines, as falling returns in…
INTERVENTION FUNDS: Emefiele Tackles Critics Over Regional Spread
THE Governor, Central Bank of Nigeria (CBN), Godwin Emefiele, has faulted claims that the bank’s targeted interventions in the agricultural…