With meme stocks on the move again, these are the next Reddit stocks to watch
Meme stocks are grabbing the spotlight once again, and Bank of America said to watch out for a handful of…
Day: May 28, 2021
Deutsche Bank believes the copper rally will steam ahead. These stocks will benefit most
Deutsche Bank is bullish on copper based on increasing supply risks, resurgent demand from China and other macro factors it said would…
These stocks may win as consumers get back to normal this Memorial Day weekend, Bank of America says
Consumer retail, apparel and food and beverage companies are well positioned ahead of the holiday weekend, according to Bank of…
WHO says Covid origin investigation is being ‘poisoned by politics’
A top World Health Organization official said Friday that investigations into the origins of Covid-19 are being “poisoned by politics.” U.S. President Joe…
Biden budget would give CDC its biggest funding boost in nearly 20 years
President Joe Biden’s first budget proposal would give the largest funding boost in nearly two decades to the agency most closely…
Tesla starts using cabin cameras to make sure drivers are paying attention
Tesla has started using cabin cameras in some Model 3 and Model Y vehicles to make sure drivers are paying attention…
Massive bitcoin mine discovered in UK after police raid suspected cannabis farm
LONDON — An illegal bitcoin mine has been found by police in the U.K. who were looking for a cannabis…
AMC short sellers dealt massive $1.2 billion blow after weeklong stock rally
Investors shorting the meme stock AMC Entertainment are estimated to have lost $1.23 billion over the last week as the shares rallied…
Costco is seeing inflation abound, impacting a slew of consumer products
Don’t tell Costco executives that inflation is low. The big-box club chain said it’s been seeing accelerating prices across a…
New bill would ‘open up Big Tech’s hood,’ make companies explain how they decide which content to show
A new federal bill seeks to demystify how social media platforms determine which posts users see, without touching a law…
Facebook, Twitter And A Future Of Social That’s Increasingly Audio
When pandemic lockdowns swept the country in Spring 2020, there were concerns that the booming podcast business might take a…
Box CEO Says He’d Consider A Sale Of The Company Amid Feud With Activist Investor Starboard
Box CEO Aaron Levie sat down with CNBC’s Josh Lipton this week to talk about the company’s feud with activist investor…
Goldman, Roubini and Novogratz explain where they stand on bitcoin and ether
The world appears to be firmly divided into two camps: those who are bullish on cryptocurrencies and those who aren’t. The…
Apple gets rare sell rating as New Street downgrades and predicts nearly 30% stock decline
Apple could see a significant decline in sales of its flagship iPhone, and investors should get out before the stock tumbles,…
Credit Suisse Scandals Prompt Switzerland To Think Unthinkable: Punish Bankers
Exasperation with Credit Suisse following a string of scandals is prompting Switzerland to rethink a system in which top bankers…
Canadian Dollar Gains As Investors Cheer Higher Commodity Prices
The Canadian dollar strengthened against its U.S. counterpart on Thursday, moving closer to a recent 6-year high, as oil prices…
EMERGING MARKETS-Turkey’s Currency Hit All-Time Low; EM Stocks At 1-Month High
Emerging market currencies touched new highs on Friday but a rising dollar ahead of U.S. inflation data tempered gains, with…
Turkish Lira Falls To Record As Rising U.S. Yields Add To Woes
The Turkish currency sank to a record low, weighed down by rising U.S. yields and concern that monetary policy remains…
Dollar Edges Up Ahead Of Inflation Data; Yen Falls
The dollar strengthened further on Friday following its rise from more than four-month lows in recent sessions, as investors waited…
China’s Warnings Come In Thick And Fast To Curb Inflation, Yuan
China has dialed up its rhetoric about surging commodity prices and a strong currency with almost daily commentary by officials…
World Bank Approves $700m Loan For Nigeria
The World Bank has approved a $700 million loan for the Nigeria Sustainable Urban and Rural Water Supply, Sanitation and…
Oil Rallies Above $67 As Demand Optimism Outweighs Iran Concerns
Oil extended gains from the highest close in more than two years as optimism over burgeoning U.S.-led demand outweighed the…
ABCON: ‘Corporate Governance Compliance Key In BDCs’ Operations’
Association of Bureaux De Change Operators of Nigeria (ABCON) has urged Bureaux De Change (BDC) to carry out their operations…
Cathie Wood Sees Deflation Returning, Boosting Innovation Stocks And Bitcoin
Cathie Wood is going against the grain yet again — this time on inflation. The founder and CEO of Ark…
Bank Of America Hikes Price Target For Nvidia To $750 After Earnings Beat
The latest earnings report from Nvidia should help the semiconductor giant’s stock continue its hot streak, according to Bank of America. The…
France In Double-Dip Recession At Start Of 2021 After Revisions
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. France’s statistics agency cut its estimate of economic…
CBN Moves To Curb $580m Annual Cassava By-Product Imports
Despite being the world’s largest producer of cassava, Nigeria imports over $580 million worth of cassava by-products annually. To keep…
Dangote: Nigeria To Earn $700m Annually From Sugar Backward Integration
The Chairman of Dangote Sugar Refinery(DSR) Plc Aliko Dangote, has urged government to faithfully follow through the Backward Integration Policy…
Bitcoin Falls Back Below $40,000 As Cryptos Plunge Yet Again
Major cryptocurrencies plunged into the red on Friday morning as the crypto market continues its volatility since last week’s massive…
Illegal Oil Deals: FG Fails To Recover $69bn Loot In American Banks
An American assets recovery firm, Forensic Assets Investigation and Recovery Services LLC, has traced $69bn (about N28.3tn) to different Texas…