Treasury Yields Dip As Jobs Data Remains In Focus
Treasury yields dipped on Tuesday morning, as investor focus remained on a key jobs report due out later in the week. The yield on the benchmark 10-year Treasury note fell…
Market’s Record Price Action Is Mimicking Late 1999 And It Could Spark a 10% to 20% Correction,Long-Term bull Julian Emanuel Warns
A dicey situation reminiscent of the dot-com bubble may be unfolding on Wall Street. According to BTIG’s Julian Emanuel, the market’s record price action is mimicking late 1999, and it…
Tencent and NetEase Shares Pare Losses After China Tightens Gaming Rules For Kids
Shares of China’s second-largest gaming company NetEase fell on Tuesday after regulators dramatically cut down the amount of time children were allowed to play games. NetEase was down about 2.9%…
SoftBank-Backed Ride-Hailing Firm Ola Plans To Raise $1 Billion In India IPO
Indian ride-sharing firm Ola is planning to raise up to $1 billion through an initial public offering, a source familiar with the situation told CNBC. News of the IPO was…
Search Fund Buys Majority Stake In Electronic Security Firm
Africa Search Capital (ASC) (www.AfricaSearchCapital.com) today announced the acquisition of a majority stake in Falcon Security Hub (Falcon). The transaction, which culminates a 12-month search process for ASC, is the…
Gridworks And New GX Back SPS’s Frowth Plans
Sustainable Power Solutions (SPS) is strengthening for expansion in Africa. The clean energy solutions provider is opening its capital to two investors. These are Gridworks Development Partners, an investment company…
Chinese A.I. firm SenseTime Files For Hong Kong IPO Despite Tech Crackdown And U.S. Blacklist
One of China’s top artificial intelligence firms SenseTime has filed for an initial public offering in Hong Kong. The AI company did not disclose the size of the deal but…
China’s Regulatory Crackdown Has Wiped Billions Off Tech Stocks — Here Are The Risks Ahead
Chinese authorities have introduced a slew of legislation in the past few months, largely aimed at the tech sector — a move that’s spooked investors and wiped out billions of…
European Markets Trade Higher, Reflecting Buoyant Global Sentiment
European stocks were trading slightly higher on Monday, reflecting broadly positive trade in global markets overnight. The pan-European Stoxx 600 index was trading 0.1% higher with most sectors in positive…
Australian Miner Fortescue’s Shares Soar After Reporting Record Profit
Shares of Australian miner Fortescue soared over 6% on Monday, as the mining giant reported full-year profits that hit another record high. Net profit after tax reached $10.3 billion, up…
Startup In Nigeria Secures $26.5m Financing to Boost Female Students’ Inclusiveness
Decagon, the tech startup which combines lending, training, and job placement to help exceptional people launch careers as software engineers has closed a $1.5 million seed equity round from early-stage…
Nigeria: ICT Sector Contributes N5.5tn To GDP In Six Months
The Information, Communication and Technology sector contributed N5.5tn to real Gross Domestic Product in the first half of 2021. This is according to the National Bureau of Statistics’ GDP reports…
Google Restores Crowwe App On Playstore After Major Improvement
Nigeria’s social media network Crowwe is back on the Play Store and App store for both android and IOS mobile phone users. The Crowwe app which has been described as…
Nigeria: TikTok Bans Viral Milk Crate Challenge Over Safety Concerns
TikTok has banned the popular “milk crate challenge” from its platform due to concerns that users participating in the trend could be seriously injured. The TikTok challenge saw users stacking…
Nigeria: Flashy GDP Data And The Broken Window Fallacy
Nigeria, like any other economy, maybe climbing out of the deep hole. Nothing understates this better than the recent recovery in the transport sector, which saw a year-on-year (YoY) leap…
6 Years After Selling Stakes In Dangote Flour Mills, Tiger Brands Agrees To Divest From UAC Foods
Tiger Brands, a South African food company, has reached an agreement with UAC of Nigeria Plc (UACN) to sell its minority equity stakes in one of the subsidiaries of the…
Atedo Peterside Doubts Nigeria’s NNPC N287bn Profit, Challenges Corporation
Founder of IBTC Stanbic Bank, Atedo Peterside, has challenged the Nigerian National Petroleum Corporation to clarify allegations that it dipped its fingers in the federation account in order to announce…
Nigeria: NGX Creates Hybrid Market, Access To Capital Via Bonds
It is believed that the short term funding profile of the money market makes it unsuitable for project infrastructure investment hence the capital market which creates an enabling environment for…
Nigeria: Forex Transactions At Investors, Exporters’ Window Rise 59.37%
Foreign exchange transactions at the Investors’ & Exporters window increased by 59.37 per cent last week, according to FMDQ Securities Exchange Limited. The Central Bank of Nigeria had in April…
Nigeria: Exchange To Create Standardised Derivatives Market
There is no gainsaying that the capital market is a critical pillar to long term fund mobilisation needed for capital formation to fasttrack economic growth and development. It is believed…
TikTok Owner ByteDance Takes First Step Into Virtual Reality With Latest Acquisition
TikTok owner ByteDance has made its first foray into virtual reality (VR) through the acquisition of a start-up called Pico. Beijing-headquartered ByteDance did not disclose the size of the deal…
Nigeria: Exchange, NGCL To Create Standardised Derivatives Market
Ahead of the planned launch of Exchange Traded Derivatives (ETDs) in the Nigerian capital market, the Nigerian Exchange Limited (NGX) and NG Clearing (NGCL), on Wednesday, engaged the Trading License…
Following Complaints, Microsoft Will Make Windows 11 Compatible With More PC Chips
Microsoft said Friday it will allow a wider variety of PC chips to run Windows 11, the next-generation desktop operating system that it plans to release later this year. The…
Chicago Sues DoorDash, Grubhub For Allegedly Deceiving Customers
The City of Chicago filed two sweeping lawsuits against DoorDash and Grubhub for allegedly deceiving customers and using unfair business practices. The suits echo longstanding claims from restaurant owners that…
Astra Stock Drops After Cutting Short Rocket Launch, With Next Attempt Expected In The Coming Days
Astra Space cut short its first launch attempt since the company went public, with the rocket’s engines firing for a moment and then shutting down. The rocket did not lift…
Fed is Stoking Another Real Estate Price Bubble That Will Wipe Out Home Equity, Investor Peter Boockvar Warns
Investor Peter Boockvar is sounding the alarm on a housing price bubble brought on by the Federal Reserve’s Covid pandemic policies. He warns first-time homebuyers are most vulnerable to dramatic…
Stocks Making The Biggest Moves Premarket: Big Lots, Hibbett Sports, Peloton, Gap And Others
Big Lots (BIG) – The discount retailer’s shares tumbled 9.5% in premarket trading after it missed top and bottom-line estimates for its latest quarter. Big Lots earned $1.09 per share,…
Investments In 4G Drops 7 Percent As NCC Assures Of 5G Deployment
Investments in Fourth Generation (4G) in Nigeria and Africa dropped by seven per cent in 2020, the International Telecommunications Union (ITU) has said. This is even as the Nigerian Communications…
Microsoft Wins U.S Patent For Crypto Token Creation
American tech giant Microsoft has been awarded a U.S patent for techniques, for implementing a cross-chain token management system, to help users develop blockchain applications by making it easier and…