Airport security company CLEAR files to go public as post-pandemic travel picks up
CLEAR, the company best known for helping travelers zip through airport security lines, filed its IPO prospectus on Monday, and indicated that…
Month: June 2021
Marc Benioff reveals investment in SpaceX, but says he’d need ‘a couple of Ativans’ to leave Earth
Salesforce CEO Marc Benioff said Monday that he’s bullish on space, noting that he’s an investor in Elon Musk’s SpaceX along with start-ups Astra, Swarm…
Goldman Sachs survey shows Asian hedge funds really don’t like bitcoin
Asian hedge funds may not be as bullish on bitcoin compared to their peers in the U.S., according to a…
Here are Cowen’s favorite ways to play the renewable future
The so-called clean-tech universe is attracting more dollars as investors bet on the energy transition, and Cowen put together a…
Interactive Brokers founder: Don’t short AMC, meme stocks — they can soar to ‘unimaginable highs’
Interactive Brokers founder and Chairman Thomas Peterffy on Monday issued a warning to investors betting against so-called meme stocks like AMC Entertainment.…
3 things investors should know before Stitch Fix reports third-quarter results on Monday
Investors are preparing for what could be another roller coaster in Stitch Fix shares when the online styling service reports fiscal third-quarter…
Kroger to hire 10,000 workers across its grocery brands
Kroger announced Monday that it will hold a hiring event on Thursday to fill 10,000 jobs across its businesses. The event…
U.S. recovers $2.3 million in bitcoin paid in the Colonial Pipeline ransom
WASHINGTON – U.S. law enforcement officials said Monday they were able to recover $2.3 million in bitcoin paid to a…
Stitch Fix shares soar as sales top estimates, styling service raises full-year outlook
Stitch Fix shares soared Monday after the online shopping and styling service reported a narrower-than-expected loss in its fiscal third quarter.…
IRS Is Sending More Than 2.8 Million Refunds To People Who Paid Taxes On Unemployment Benefits
Federal refunds are on the way to more than 2.8 million people who paid taxes on unemployment benefits that no…
Deutsche Bank Warns Of Global ‘Time Bomb’ Coming Due To Rising Inflation
Inflation may look like a problem that will go away, but is more likely to persist and lead to a…
Banks Commence N6.98 USSD Charge, Customers Kick
Some banks have notified their customers that they will start charging them N6.98 for every USSD transactions. However, experts have…
FX: Analysts Doubt CBN’s Adoption Of ‘Market-Determined’ Rates
Analysts at FBNQuest Research have said that they are not “convinced” by the Central Bank of Nigeria (CBN)’s pledge to…
Dented By Jobs Miss, Dollar On Backfoot Ahead Of CPI
The dollar began the week on the defensive after being dented by a second batch of disappointing jobs figures, as…
Nigerian Government-Enforced Twitter Suspension Takes Effect
LAGOS, Nigeria (AP) — Millions of Nigerians were unable to access Twitter Saturday after the government enforced an indefinite suspension…
#TwitterBan: Job Losses Loom, Economic Woes To Worsen, NESG, Experts Warn
Friday Olokor, Leke Baiyewu, Okechukwu Nnodim, Temitayo Jaiyeola, Amarachi Orjiude, Lesi Nwisagbo, Kariola Mustapha, Amarachi Orjiude, Dayo Adenubi, Samuel Olatunji,…
ABCON Okays ‘Operation No Street Trading
The Association of Bureau De Change Operators has approved ‘Operation No Street Trading’ to stop the hawking dollars by Bureaux…
El Salvador Will Adopt Bitcoin As Legal Tender, President Says
Atlanta (CNN Business)El Salvador could become the first county to adopt bitcoin as a legal tender, Salvadorian President Nayib Bukele announced in…
We’re Increasing Forex To Banks For SMEs, Travellers, Tuition
The Central Bank of Nigeria said it has concluded plans to increase the amount of foreign exchange allocated to banks…
Out Of Recession Into Stagflation
Amidst the counter accusations of money printing by the two Godwins, denial by the National Economic Council, and statement by…
Twitter Ban: Nigeria’s Economy Declines By Over N2billion In One Day
The Nigerian economy may have declined by over 2billion Naira in just one day of Twitter ban. This is if…
Investors Scramble For Returns In Non-Conventional Properties
At a time when high-yield investment assets are scarce, the non-conventional property sector is taking centre stage in the market,…
FIRS Introduces Online Naira Tax-Filing Platforms
The Federal Inland Revenue Service (FIRS) has introduced a new Tax Administration Solution (TaxPro-Max) to ease tax compliance and modernise…
Money Market Funds See More Inflows As Banking Reserves Surge
Money market funds and equities saw almost similar inflows, BofA’s latest fund flow statistics showed on Friday, in a puzzling…
Nigeria To Save $3bn From Petroleum Imports Annually – Emefiele
The Central Bank Governor, Godwin Emefiele, has said that the country will save about $3bn from petroleum products imports annually…
The Yuan Is Set To Weaken From Here, With Or Without PBOC
The yuan has had a fine run but the tide may be turning, even if the People’s Bank of China…
Local, Foreign Banks Invested $10b In Dangote Refinery – Emefiele
Nigerian banks and their foreign counterparts invested between $9 billion and $10 billion in the Dangote Refinery, Fertilizer Plant and…
Nigeria’s Suspension Of Our Operations Deeply Concerning – Twitter
Twitter has expressed “deep concern” over the federal government’s decision to suspend its operations in Nigeria. Sarah Hart, Twitter’s senior…
NCC, Telcos Block Access To Twitter In Nigeria
Telecommunications operators have blocked access to the social media platform, Twitter in Nigeria. The telcos, under the aegis of the…
FG Suspends Twitter’s Operations In Nigeria
The Nigerian Government has suspended Twitter Operations in Nigeria. This was announced on Friday by the Minister of Information and…