Bank Of Canada Brushes Off Temporary Spike In Inflation
Bank of Canada policy makers aren’t worried about the recent run up of inflation they believe is being driven largely by temporary factors, according to a top official. The pick-up…
OPEC Sees Oil Demand Recovery Gaining Strength In Second Half
OPEC predicted that the recovery in global oil demand will gather strength in the second half of the year, as the group prepares to consider reviving more halted output. Oil…
FG Declares June 14 Public Holiday To Mark Democracy Day
The Federal Government has declared Monday, June 14 as a public holiday to mark this year’s Democracy Day celebration. The Minister of Interior, Rauf Aregbesola made the announcement in a…
JPMorgan says there’s weak bitcoin demand from big investors and a crypto bear market could be on the way
A bitcoin bear market could be on the way as the demand from big investors to support the cryptocurrency — a key narrative of the bulls — is just not…
These are the newest Reddit stocks to watch, according to Bank of America
New meme stocks emerged again this week as Reddit traders keep finding new targets beyond their old favorites AMC Entertainment and GameStop. Bank of America is analyzing the new stocks…
Hacking bitcoin wallets with quantum computers could happen – but cryptographers are racing to build a workaround
Stefan Thomas really could have used a quantum computer this year. The German-born programmer and crypto trader forgot the password to unlock his digital wallet, which contains 7,002 bitcoin, now…
This small 401(k) provider wants to bring cryptocurrency to Americans’ retirement funds
Financial services for cryptocurrency holders have been growing as a subset of the fintech industry for years. Now, crypto 401(k)s are entering the mix. A small 401(k) provider called ForUsAll…
What’s really behind the bitcoin decline and why it could take the cryptocurrency as low as $20,000
The price of bitcoin fell about 10% Tuesday to around $32,000 and is on pace for its third straight day of losses, bringing most other cryptocurrency prices down with it.…
CNBC’s Halftime Report traders answer your questions on Shake Shack, Moderna and DraftKings
CNBC’s “Halftime Report” traders answered questions from CNBC Pro subscribers, including how the economic reopening will affect Shake Shack, whether to hold shares of Moderna, how Procter & Gamble would…
Apple announcements at WWDC show augmented reality is still its ‘next big thing’
Apple released several new augmented reality tools and technologies for software makers during its annual WWDC conference this week. These technologies could be vital if Apple in fact releases an…
Digital payments giant Stripe launches new software to simplify how companies work out sales taxes
LONDON — Stripe on Thursday debuted a new product that it says will make it easier for businesses to calculate and collect sales taxes, marking the digital payment giant’s latest…
Warren Buffett’s Berkshire Hathaway makes $500 million investment in Brazilian digital bank
Warren Buffett’s Berkshire Hathaway made a $500 million investment in the parent company of Nubank, a privately held digital bank based in Brazil, the South American company announced Tuesday. Nubank,…
Chinese ride-sharing giant Didi files to go public, earned a small profit last quarter on $6.4 billion in revenue
Chinese ride-hailing giant Didi Chuxing on Thursday filed to go public in what could be one of the largest tech IPOs of this year, positioning large shareholders Uber and SoftBank…
Apple hires BMW veteran in latest sign of electric car push
Apple has hired Ulrich Kranz, a former senior executive at BMW who focused on electric cars, Apple confirmed to CNBC’s Phil LeBeau on Thursday. The hire is the latest sign…
Zoom and Salesforce make quick $23 million profit after IPO of Israeli software vendor Monday.com
In Zoom’s IPO two years ago, Salesforce made a bundle by investing $100 million at the offer price and watching the stock soar out of the gate. Zoom learned a…
Goldman tells clients to get the best of both worlds with these growth stocks at a reasonable price
With value stocks now outperforming growth stocks, Goldman Sachs recommends a strategy that captures the best of both worlds: growth at a reasonable price. The firm used economic models to…
Here’s why Art Cashin says the S&P 500′s move to a new record may be ‘slightly suspect’
The S&P 500 hit an all-time high early Thursday, but longtime trader Art Cashin told CNBC he’s taking a wait-and-see approach before determining whether stocks are entering a steady upside…
Reddit Co-Founder Says Meme Stocks’ Moniker ‘Charming’ But Momentum Investing Isn’t New
Reddit co-founder Alexis Ohanian told CNBC on Thursday that the meme stock frenzy — which traces its roots to the online forum website he helped create — is what happens…
World’s Richest Face Tax Squeeze After 40% Run-Up In Fortunes
Amazon.com Inc. founder Jeff Bezos has the resources to launch himself into space. Elon Musk does, too. In many ways, though, the world’s richest people left the rest of us…
Central Bank Of Nigeria Issues New Framework For Payment System Providers
On 9th December 2020, the Central Bank of Nigeria (CBN) the Central Bank of Nigeria (CBN) issued a circular on “New License Categorisations for the Nigerian Payments System” (NPS Circular).…
Dollar Hovers Above 5-Month Low, FX Volatility Drops Further Ahead Of ECB, U.S. Inflation Data
The dollar hovered above a five-month low versus major peers on Thursday as investors looked to U.S. inflation The dollar index has fluctuated narrowly around the psychologically important 90 level,…
Nigeria Taps StanChart To Replace China Loans For Rail Projects
Nigeria’s government is in talks with Standard Chartered Plc about arranging funding for two rail projects expected to cost as much as $14.4 billion, replacing earlier plans to source the…
Asian Currencies Inch Higher Ahead Of U.S. Inflation Data
Asia’s emerging market currencies crawled higher on Thursday as investors awaited a crucial U.S. inflation report due later in the day that could provide a clearer signal on when the…
China’s Central Bank Governor Sees Inflation Below Target
China’s central bank Governor Yi Gang said consumer inflation is expected to stay under 2% this year, below the government’s official target of about 3%. The economy is operating within…
Inflation, Hunger Loom Over Fresh Strike By Food Sellers
The Amalgamated Union of Food Stuff and Cattle Dealers of Nigeria (AFUCDN) has threatened to cut the supply of foodstuff nationwide if insecurity is not addressed by the Federal Government.…
Story From Markets Bitcoin Peeps Above $38K On Basel News
Bitcoin hit highs above $38,000 on Thursday after the Basel Committee’s proposal gave banks a green light to hold the leading cryptocurrency and other digital assets. The top cryptocurrency hit…
Buhari Defends $1.9bn Nigeria-Niger Republic Railway Project
The President, Major General Muhammadu Buhari (retd.), has defended his decision to construct railways and roads extending into Niger Republic. Buhari said this during an interview on Arise Television which…
ECB To Keep Money Taps Wide Open Even As Recovery Takes Hold
The European Central Bank is all but certain to maintain a generous flow of stimulus when policymakers meet on Thursday, fearing that higher borrowing costs could smother a still nascent…
Trade Between Nigeria, South Africa Hits $2.9b In 2020
Nigeria’s mission in South Africa issues 10,341 passports in 15 months Despite concerns about xenophobia between Nigeria and South Africa, bilateral ties between the two countries hit $2.9 billion last…
Nigeria Now Wants Twitter, Others Registered Before Talks On Ban
Nigeria has gone a step further in its logjam with microblogging platform Twitter, insisting there will be no dialogue until the American networking platform with 33 million subscribers is registered…