Gold Falls As Fed Minutes Boost U.S. Dollar
Gold prices fell on Thursday, as dollar strengthened after U.S. Federal Reserve’s policy meeting minutes showed that its officials were…
Year: 2021
EXCLUSIVE Facebook Selects Local Journalists Paid In $5 Million Newsletter Recruitment Push
Facebook Inc (FB.O) has chosen 25 local independent journalists to be paid out of a $5 million pot to write for its…
Goldman Sachs Economists Cut Q3 Growth Forecast For U.S.
Goldman Sachs economists lowered their tracking estimate of U.S. economic growth in the third quarter to 5.5% from 9% due…
Stocks, Bond Yields Down As Growth And Taper Fears Haunt Markets
Concerns about slowing global growth, coupled with signals from the Federal Reserve it was preparing to cut back its stimulus…
Wall Street Drops As Taper Fears, Commodity Losses Weigh
Wall Street indexes fell on Thursday on concerns the Federal Reserve could begin to rein in its massive monetary stimulus,…
Sports Tech Firm Sportradar Renews Deal With FanDuel After Announcing $100 Million IPO
First came the IPO. Now, data supplier Sportradar has extended a critical partnership to keep pace in the sports betting…
Oil Falls For A Sixth Straight Day, Sinks To The Lowest Level Since May On Fears Of Slowing Growth
Oil dropped for a sixth-straight session on Thursday, falling to the lowest level since May as demand fears and comments…
Maersk Inks Deal To Secure Supply Of ‘Green’ e-methanol For Vessel, Targets 2023 Launch
Maersk said it has secured a supply of “green” e-methanol for what it described as “the world’s first container vessel…
Jobless Claims Hit New Pandemic-era Low In A Sign Of Hope For The Employment Picture
First-time filings for unemployment insurance hit a new pandemic-era low last week, a sign that the jobs market is improving…
Naira Weakens Further To 517 Against Dollar
The naira fell further against the dollar at the parallel market on Wednesday after staying steady at 515/$ in recent…
Twitter, Digital Platforms To Pay Tax As FIRS Targets N10.1trn Revenue In 2022
The Federal Inland Revenue Service (FIRS) has set a revenue target of N10.1 trillion for 2022. Mohammed Nami, executive chairman…
Dow Futures Drop 200 Points, Commodities Retreat On Concern About The Fed’s Move To Remove Stimulus
Stock futures were sharply lower on Thursday as concern grew that the Federal Reserve’s move to remove stimulus this year…
Chinese Firm Behind The Purchase Of The United Kingdom’s Largest Chip Plant Warns Deal Is At Risk
The Chinese firm behind the purchase of Britain’s largest chip manufacturing facility earlier this summer has admitted that the acquisition…
Treasury Yields Fall Despite Fed Taper Talk
U.S. Treasury yields fell on Thursday morning, despite the Federal Reserve’s latest policy meeting minutes showing that the central bank…
Solar Could Be 40% Of U.S. Power By 2035 -Biden Administration
Solar could supply more than 40% of the nation’s electricity by 2035 – up from 3% today – if Congress…
Fifty Shades Of Green: EU Sustainable Fund Rules Muddy The Waters
If you want to invest in a fund branded as sustainable under new European Union rules, you’re spoilt for choice.…
Apple Appeals Against Security Research Firm While Touting Researchers
Apple Inc (AAPL.O) on Tuesday appealed a copyright case it lost against security startup Corellium, which helps researchers examine programs like Apple’s…
Tencent Says More Regulations Set To Come As Quarterly Profit Jumps
China’s Tencent Holdings (0700.HK) said on Wednesday that the internet industry should brace for more regulations and uncertainty, but it believed Beijing…
Nvidia Forecast Beats Expectations, But Talks On $40 Bln Arm Deal Take Longer Than Expected
Nvidia Corp (NVDA.O) on Wednesday said talks with regulators to clear its $40 billion proposed acquisition of British semiconductor technology firm Arm…
Analysis: White-Collar Staff Calling Shots As Job Markets Recover
Having hunkered down at home and clung on to his job through the 2020 lockdowns, Dutch IT worker Benito Castillion…
Soaring Demand For The World’s Least-Liked Commodity Sees Thermal Coal Prices Jump 106% This Year
Soaring electricity demand, infrastructure woes and a surge in global gas prices have triggered an extraordinary rally for the world’s…
Stocks, Oil Sink On Growth Worries; Dollar Gains: Markets Wrap
Asian stocks fell to the lowest this year, crude oil sank and the dollar rallied on a weakening global growth…
Nigerian City Bans Beggars And Hawkers
The Lagos state government in Nigeria has banned street begging and has formed a special team to stop the “menace”,…
Facebook Is Ready To Launch Digital Wallet
Facebook is prepared to launch the Novi digital wallet tied to Diem blockchain-based payment system, said the head of the…
Market Bull Sees New Highs Ahead, Says Don’t Bet Against United State Consumers
John Stoltzfus encouraged investors to remain optimistic despite this week’s wild market swings. The Wall Street bull, who serves as…
Biden Administration’s Booster Shot Guidance ‘Prudent Thing To Do To Stay Ahead Of This Virus,’ Says United State Surgeon General
U.S. Surgeon General Dr. Vivek Murthy told CNBC that the Biden administration is recommending Covid booster shots for most vaccinated…
Hard Lesson For United State Investors: Chinese Companies Don’t Make The Rules In China
American investors’ shock at an ongoing regulatory crackdown in China points to a fundamental difference between the two countries that…
Crude Sinks To Three-Month Low As Fuel Demand Wanes
Crude in New York dropped to the lowest since May after a surprise increase in U.S. gasoline inventories signaled fuel…
Exchange Rate Used For Purchasing Stocks Via Fintech Apps Falls To N522/$1
The exchange rate for converting naira to dollar using FinTech apps nosedived to N522/$1 according to data collated from the…
Seized Cash Worth $4.7 Billion Fuels Nigerian Political Fight
Nigeria’s state governors sued the federal government for allegedly failing to share billions of dollars in confiscated funds with their…