Healthy Again, British PM Says Too Risky To Relax Lockdown Yet
Prime Minister Boris Johnson returned to work on Monday after recovering from COVID-19 with a warning that it was still…
Author: Ekemini
Apple, Amazon, Boeing, Airbus, Federal Reserve – 5 Things You Must Know Monday
Stock futures rise as economies across the globe, including the United States, move tentatively toward reopening; Apple, Amazon and Alphabet highlight a busy earnings week; the Federal Reserve meets; Boeing abandons a $4.2 billion deal with Brazil’s Embraer
Apple To Delay Mass Production Of 2020 Flagship iPhones
Apple Inc is delaying the production ramp-up of its flagship iPhones coming later this year by about a month as…
Prepare For A Decade Of Low Stock Market Returns
Elevated valuations historically signal low returns
Bank of Japan Expands Stimulus As Pandemic Pain Worsens
The Bank of Japan expanded monetary stimulus on Monday and pledged to buy an unlimited amount of bonds to keep…
U.S. Economy Faces Historic Shock With 16% Unemployment Possible
The shuttering of the U.S. economy due to the coronavirus pandemic is a shock of historic proportions that will likely…
Kanye West Is Now Officially A Billionaire
After months of requests, the hip-hop superstar shared financial records, revealing details about his wildly popular Yeezy sneaker empire — and his fixation on outside validation.
New York City Needs $7.4 Billion In Federal Aid Amid Coronavirus: Mayor
New York City needs a $7.4 billion in federal aid to offset economic losses from the coronavirus, Mayor Bill de…
Reconsidering Cannabis ‘Teaspoon’ Of Tax Revenue
Cannabis companies would get access to small-business aid under new legislation introduced in the House last week, but whether…
Saudi Arabia Cuts $265 Million Deal With China To Fight Virus
Saudi Arabia will pay China 995 million riyals ($264.6 million) to provide coronavirus tests and medical expertise, Abdullah Al-Rabiah, chairman…
World’s Biggest Wheat Supply Dries Up When Some Want It Most
Russian exhausts grain-export quota two months ahead of plan. Russian ban could benefit rival suppliers like the EU and U.S.
How to Cut Through the Noise to Evaluate Netflix
Netflix stock is coming off record highs and just issued quarterly earnings that show skyrocketing subscriber growth. You’d think that’s a…
World’s Biggest Central Banks Meet As Pressure Mounts To Do More
Global central banks remain under pressure to do more to support their economies through the coronavirus recession even after driving…
When Oil Became Waste: A Week Of Turmoil For Crude, And More Pain To Come
The magnitude of how damaged the energy industry is came into full view on April 20 when the benchmark price…
Richard Branson Seeking Buyer For Virgin Atlantic
Richard Branson is seeking a buyer for Virgin Atlantic, according to The Telegraph. This comes as Delta — which owns…
Coronavirus: Air France-KLM Secures Billions In Government Aid
Air France-KLM has secured at least €9bn (£7.9bn; $9.7bn) in government aid, as the Franco-Dutch airline group struggles to stay…
Recovery Expert: ‘Some Businesses Will Never Reopen
When economies eventually re-open, many businesses will stay shut as they struggle with the new environment. That is the fear…
Ford Engineers Are Working On Electric Mustang SUVs In Their Own Garages
When Aleyna Kapur started working from home due to the coronavirus pandemic, she had to take a few things from…
Deutsche Bank Refuses To Give U.S. Senators Information On Recent Trump Dealings
Deutsche Bank (DBKGn.DE) has declined a request by prominent U.S. senators to provide information about the German lender’s recent business…
U.S. Airlines Receive Additional $9.5 Billion In Payroll Support: Treasury
The U.S. Treasury Department has disbursed $9.5 billion in additional funds from the Payroll Support Program to U.S. air carriers,…
Nigeria Defends Slow Pace Of Virus Testing As Concern Grows
Nigeria defended the slow pace of testing for the coronavirus amid a lockdown that’s paralyzed economic activity in its two…
U.S. Says It Will Not Take Part In WHO Global Drugs, Vaccine Initiative Launch
The United States will not take part in the launching of a global initiative on Friday to speed the development,…
U.S. Deficit Could Quadruple To $3.7 Trillion In Coronavirus Crisis: CBO
A nationwide business shutdown and surge in U.S. government spending will nearly quadruple the federal deficit to a record $3.7…
Bitcoin Jumps To Highest Level Since March’s Coronavirus Crash
Buoyed by an overall shift in risk sentiment, cryptocurrencies surged on Thursday, with Bitcoin surpassing $7,500 for the first time…
Market Wrap
2020, 9:03 PM GMT+1
S&P 500 index, crude futures still finished lower on the week. Treasury yields fell, dollar strengthened during crude turmoil. Evercore CEO Says Depth of Recession From Virus ‘Unprecedented, Staggering’
Airbnb Is Banking On A Post-Pandemic Travel Boom.
The home-rental company defined the travel industry after the last cataclysm, but may be less suited for what’s next.
Marriott CEO Says Coronavirus Pandemic Will Change Hotel Stays
Most Marriott Hotels Will Survive the Crisis, Says CEO
Tycoon Running 500 Hotels Says Virus Crisis Is Worst He’s Seen
Bill Heinecke thought he’d seen it all in a decades-long career running hotels: the Asian and global financial crises, SARS,…
IMF to Recommend $3.4 Billion Emergency Funding for Nigeria
IMF executive board meets on Tuesday to review request. If approved, the loan would be the largest yet in Africa
Foreign Investor Dollars In Lockdown In Nigeria Debt Market
Country’s reserves under pressure as crude prices plunge. Debtholders await regulator’s dollar sales after lockdown. An aerial view shows empty streets during lockdown in Lagos.