Bitcoin cuts gains and briefly turns negative amid regulation fears
Bitcoin pared its gains and briefly dipped into negative territory on Thursday amid news that the Treasury Department is setting forth…
Day: May 20, 2021
Snap announces new Spectacles AR glasses that let you overlay digital objects on the real world
Snap on Thursday announced a new version of its Spectacles smart glasses. They use augmented reality, which means you can look…
Snapchat users will be able to tip popular creators later this year
Snapchat users will be able to tip high-profile creators through the app’s chat function later this year, Snap said Thursday. The move…
Bitcoin’s Wild Price Moves Stem From Its Design — You’ll Need Strong Nerves To Trade It
So you want to play in crypto and become a millionaire overnight? Brace yourself for more days like Wednesday. Bitcoin plunged as…
Cathie Wood Buys More Coinbase Amid Crypto Plunge
Ark Invest’s Cathie Wood is buying more shares of Coinbase amid the spiral in crypto prices. The Ark Invest founder purchased $38…
UBS Upgrades Chipotle To Buy, Says Stock Can Jump 30% From Here
Chipotle Mexican Grill should benefit from the economic reopening while also holding on to increased digital sales from the pandemic, UBS…
Dogecoin Jumps After Elon Musk Tweet Fans More Wild Cryptocurrency Trading
The price of dogecoin spiked Thursday morning after Tesla CEO Elon Musk mentioned the coin on Twitter, adding another chapter to the…
JPMorgan Chase Launches New Health-Care Business After Winding Down Amazon-Berkshire Venture
JPMorgan Chase is going it alone. After the health-care joint venture formed by Amazon, Berkshire Hathaway and the biggest U.S. bank by assets was disbanded…
As Bitcoin Lurches, Wall Street Plots Its Way Into Cryptoland
CRYPTO BUFFS have had a punishing week. On May 13th Tether, which issues a “stablecoin” widely used to facilitate bitcoin…
UK Pubs And Restaurants Enjoy ‘Ringing Tills’ After COVID Rules Relax
Spending at British pubs and restaurants has surged since coronavirus rules were relaxed on Monday to allow people to eat…
Sterling Edges Up Against Easing U.S. Dollar
Sterling edged up against the dollar on Thursday, trading above the $1.41 mark as analysts remained positive on the currency’s…
El-Rufai Attacks Govs Over Strike, NGF Mulls N380/Litre Fuel Price
THE Governor of Kaduna State, Nasir El-Rufai, has accused his fellow governors of abandoning his administration in its face-off with…
Now What Does Bitcoin Say About The Dollar And The US?
Overview: A setback in commodities and technology are roiling equity markets today. The inability of US equities to sustain yesterday’s rally…
Dollar Advances As Fed Minutes Open Door To Future Taper Talks
The dollar gained ground on Wednesday, snapping a four-day losing streak and bouncing off a multi-month low following the release…
Oil Steady Near Three-Week Low With Iranian Crude Flows In Focus
Oil was steady near a three-week low in early Asia trading following a broader market slump as investors weighed the…
National Carrier: Ministry Prepares Memo, Plans 2022 Takeoff Date
The Minister of Aviation, Hadi Sirika, has assured Nigerians that the national airliner will swing into full operation by the…
MDAs Failed To Account For N1.2trn –FRC
The Fiscal Responsibility Commission has said ministries, departments and agencies of the Federal Government are withholding about N1.2trn. The commission…
Inflation Near 50% Puts Argentina On Path That Failed Before
Argentina’s new ban on exports of its famed beef won’t quell runaway inflation if previous interventions are any guide. With…
Why Foreign Direct Investment In Property Sector Dries Out
FDI into UAE climbs over 44% against UN estimates • ICPC: Over 800 properties worth $400m linked to PEPs •…
NASS Approves N74 Billion Budget For Police Trust Fund
The N74 billion budget captures all the demands of the fund which include training and retraining of personnel of the…
Nigeria Lost U.S.$3.5 Billion To Ports Concession, U.S.$90.5 Million To Airports Deals – House
The House of Representatives yesterday said the country lost over $3.5 billion from the concession of 26 ports in Nigeria,…
Naira Gains On I&E Window
The local currency, naira strengthened against dollar on the Investors & Exporters’ (I&E) window, yesterday, closing at N410.75/$1 compared with…
Onne Multipurpose Terminal Opens For Operations
The Onne Multipurpose Terminal has opened its doors for operations. It commenced container operations at Onne Port, in Port-Harcourt thereby…
Nigeria Governors Okay Full Deregulation Of Petrol, Over 100% Price Hike To N385
Ahead of Thursday’s Federation Accounts Allocations Committee (FAAC) meeting, the Nigeria Governors’ Forum (NGF) on Wednesday at its virtual meeting…
World Bank’s IFC To Invest $2 Bln To Support Africa’s Recovery
The International Finance Corporation (IFC) said on Wednesday it was investing $2 billion to support small businesses in Africa and…
The Reinvention Of Canary Wharf
A splashy science campus is set to rise on a site once tagged for Deutsche Bank AG’s London headquarters. A construction blitz…
Bitcoin Struggles For Footing On Worries Over China, Leverage
Bitcoin regained some ground on Thursday from the previous session’s brutal slide to four-month lows but was weighed down by…
Nigeria, Others To Receive Fresh $150b From World Bank
The International Finance Corporation (IFC) said on Wednesday it was investing $2 billion to support small businesses in Africa and…
Navy Blames NNPC Over Theft Of 200,000 Barrels Of Crude Oil
The Nigerian Navy yesterday exonerated itself from the loss of 200,000 barrels of crude oil to pipeline vandalisation and illegal…
CDC expects Covid vaccine data on pregnant women this summer and on kids under 12 in the fall
Centers for Disease Control and Prevention officials said Wednesday they are expecting data from trials testing Covid-19 vaccines on pregnant…