Africa’s Oil Conference Set To Leave Cape Town For Dubai In 2021
Africa Oil Week, the continent’s annual industry conference, may relocate to Dubai this year from its traditional setting in Cape Town. The event, known as AOW, will be held in…
Treasury Yields Dip Slightly To Start The Week
U.S. Treasury yields drifted lower on Monday morning, with little economic data due out at the start of the week. The yield on the benchmark 10-year Treasury note fell to…
John Malone Sees Merged WarnerMedia-Discovery Becoming No. 3 Global Streamer Behind Netflix, Disney+
The blockbuster WarnerMedia-Discovery deal is especially good news for HBO Max, billionaire media mogul John Malone told CNBC’s David Faber. In an interview that aired Monday, Malone said his previous…
Cramer Is Bullish On Deere Because Of The Big Agricultural Cycle Playing Out
CNBC’s Jim Cramer is bullish on Deere after the company reported strong fiscal second-quarter results last Friday. “Some analysts want to cycle out of it. If you go over the…
Op-ed: Facebook’s Nick Clegg Calls For Bipartisan Approach To Break The Deadlock On Internet Regulation
Around the world, lawmakers are writing the new rules of the internet. In Europe, India, Australia, the UK and elsewhere, laws are being proposed governing everything from privacy and content,…
Fed’s Lael Brainard Pushes Digital Dollar As Central Bank Currency Race Heats Up
Federal Reserve Governor Lael Brainard pressed the case for a digital dollar, saying Monday that a cryptocurrency backed by the central bank could provide a variety of benefits. Providing financial…
Here’s How To Get $100,000 In Annual Tax-Free Income During Retirement
t’s a sure bet that no one — regardless of age — enjoys handing over any of their income to the IRS. In retirement, though, doing so can feel like…
Bitcoin Rebounds After A Wild Weekend That Took It Below $32,000
The crypto market edged higher Monday after a week of hell during which billions of dollars were wiped off the value of bitcoin and ether. The price of Bitcoin rebounded…
Verizon Offers Free Apple Arcade And Google Play Plus For Select Unlimited Subscribers
Verizon said it is giving away six- and 12-month subscriptions to Apple Arcade and Google Play Plus as it adds more bundled content offerings to its wireless subscriptions. New and…
From Driverless Cars To Robotic Warehouses, China Looks To Automation To Solve Population Issues
GUANGZHOU, China — Qin Jiahao has been working at Chinese e-commerce giant JD.com’s logistics operations for around six years. Now a huge amount of his work has become automated. “In…
There Could Be Another Reason Behind Nvidia’s Stock Split
Nvidia announcing a 4-for-1 stock split on Friday could have some significant ramifications. Just like with Apple a few years ago, could this stock split finally open the door for…
WarnerMedia Deal Will Hold Back Discovery’s Stock, MoffettNathanson Says In Downgrade
Discovery took a big swing in striking a deal with AT&T to merge with WarnerMedia, but shareholders will have to wait a while to see if the result is a…
Wall Street Banks Reveal How To Trade The $60 Trillion ‘Green’ Boom
A number of so-called green and socially-responsible stocks have big potential, according to analysts from three investment banks who picked some of their favorites. Morgan Stanley, UBS and Credit Suisse…
Bernstein Double Upgrades Beyond Meat, Says Buy The Dip On This Reopening Play
It’s time for investors to buy the dip in Beyond Meat to take advantage of a coming rebound, according to Bernstein. The stock has struggled in recent months, falling 44%…
Wells Fargo Sees Little Upside For Tesla Shares From Here With Stock Pricing In Big Expectations
Tesla’s stock still looks pricey even after a recent pullback and long-term concerns could limit its upside, according to Wells Fargo. Shares of the electric vehicle company have dropped more…
Goldman Starts Coinbase With A Buy Rating And Says The Stock Can Jump More Than 30%
Investors should ride through volatility in the crypto space by buying shares of Coinbase, according to Goldman Sachs. Analyst Will Nance initiated coverage of the cryptocurrency exchange on Monday with…
Fragile Nigerian GDP Recovery Means Interest Rate Could Stay Put
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Nigeria’s central bank will likely keep its key interest rate unchanged on Tuesday after…
CEE MARKETS-Crown Firms, Other FX Up As Weak Dollar Stays Weak
Central European currencies edged up on Monday, with the Czech crown testing a fresh14-month-and-a-half high against the euro, lifted by euro’s resurgence against a weak U.S. dollar. The dollar stood…
Pound Pinned Near $1.42, Address By BoE Quartet Awaited
Britain’s pound held in a tight range on Monday, trading just shy of $1.42 as analysts set their eyes on an address by four policymakers from the Bank of England…
Dollar Stuck Near 3-Month Lows, Bitcoin Struggles
The dollar was pinned near three-month lows against a basket of major currencies on Monday, as bets on a robust global economic recovery continued to support currencies seen as riskier.…
Econet Founder Strive Masiyiwa Becomes Britain’s First Black Billionaire
Econet founder, Strive Masiyiwa, has been named Britain’s first black billionaire. Masiyiwa, who is based in London, is the only black billionaire in the Sunday Times Rich List with a…
Foreign Reserves Down $790m
Nigeria’s foreign exchange reserves have depreciated by $790 million despite the rise in crude oil prices. The foreign reserves stood at $34.43 billion as at May 17 data from the…
Currency Dealers Warn Against Forex Speculation
The Association of Bureau De Change Operators of Nigeria (ABCON) has attributed the pressure facing the naira at the parallel market as well as the Investors’ and Exporters’ (I&E) forex…
Crypto Recovery Stalls As Miners Eye Exits
Cryptocurrencies fought to find a footing on Monday after even weekend cheerleading from Tesla boss Elon Musk seemed unable offset selling pressure from spooked investors or nerves stemming from a…
FX Speculators Walk A Tightrope
Currency speculators, who have in the past week engaged in an aggressive ‘stocking’ of the dollar at a premium in expectation of a near-future rise in the exchange rate, may…
Stocks, Bonds, Naira Head South
THERE are indications that last week witnessed bearish sentiments in the trio of stock, fixed income and money markets as all trended downwards. Stocks do well when the economy is…
Banks USSD Debts To Telcos Hit N47 Billion
The total debts owed by banks to telecommunications service providers arising from the use of Unstructured Supplementary Service Data (USSD) have risen from N42 billion to N47billion. USSD is a…
52 Million Crude Oil Barrels Lost To OPEC Cuts – NNPC
Abuja — Nigeria lost at least 52 million barrels of crude oil between May and December 2020 to COVID-19-induced compulsory supply cuts imposed by the Organisation of Petroleum Exporting Countries…
Nigeria’s First Deep Seaport Reaches 51% Completion
Nigeria’s first deep seaport project, the Lekki Deep Sea Port, promoted by Lekki Port LFTZ Enterprise Limited, (LPLEL), will upon completion have an aggregate economic impact of $361 billion over…
New Finnish Finance Minister Promises Continuity When She Takes Office Next Week
Annika Saarikko, the leader of Finland’s Centre Party who will take over as finance minister next week, said on Saturday that there would be no major changes in policy when…