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Morgan Stanley Reveals $911 Million Archegos Loss As Profit Jumps
Morgan Stanley (MS.N) lost nearly $1 billion from the collapse of family office Archegos Capital Management, the…
S&P 500, Dow Hit Record Highs On Bank Earnings Boost
The S&P 500 and the Dow hit record highs on Friday after Morgan Stanley wrapped up bumper quarterly earnings…
Bitcoin Price Drops After Turkey Bans Cryptocurrency Payments
The price of bitcoin (BTC-USD) descended from record highs on Friday following a decision by Turkey's central bank…
SEC, CBN In Talks On Crypto Market Regulation
The Securities and Exchange Commission has said it is in discussion with the Central Bank of Nigeria on how to…
Euro Zone Yields Rise As U.S. Treasury Yields Jump Back After Rally
Euro zone bond yields rose on Friday, following an overnight jump in U.S. Treasury yields after a hefty rally a day…
Forex Scarcity Cripples Local Airlines, Spike Airfares
The foreign exchange (FX) liquidity crisis is eating deeper into the daily operations of the local airlines,…
More Worries Over Rising Inflation Amid Static Household Incomes
Nigerians have been struggling with some unpleasant news lately, especially from the National Bureau of Statistics.…
Why Banks Need To Pay Attention To Where A Digital Euro Is Heading
The European Central Bank makes clear that the development of its “digital euro” will take several years. Yet given…
Media Portrayal Of Nigeria Led Twitter To Choose Ghana For Africa Office -Minister
Twitter Inc (TWTR.N) failed to choose Nigeria for its first African office because the media misrepresents the…
Inflationary Pressures To Feed Expectations For Further Yield Increases
According to the National Bureau of Statistics (NBS), Nigeria's headline inflation rose for the 19th consecutive…
Qatar May Allow Foreigners To Fully Own Listed Companies
Qatar may allow foreign investors to fully own listed companies, in a move that could trigger more than $1 billion…
Naira Stable At Official, Parallel Markets
Nigeria’s naira gained marginally against the U.S. dollar at the I&E window of the foreign exchange market on…
Dollar Heads For Second weekly Loss On Fed’s Lower-For-Longer Stance
The dollar headed for its worst back-to-back weekly drop this year amid an extended retreat in Treasury yields as…
City Of London Brexit Hit Worse Than Expected, Says Study
Over 400 financial firms in Britain have shifted activities, staff and a combined trillion pounds ($1.4 trillion)…
ARK buys $110m Coinbase Shares, Adding To Positions
Celebrity stockpicker Cathie Woods' ARK funds bought more shares of Coinbase (COIN.O) worth $110 million a day…
Investor Einhorn Says Palihapitiya, Musk Poured ‘Jet Fuel’ On GameStop
Investor David Einhorn said on Thursday that prominent venture capitalist Chamath Palihapitiya and entrepreneur…
Google Earth can now show you how much the planet has changed in 37 years
Google Earth received its first big update since 2017 on Thursday. The highlight is a new time-lapse feature…
Jeff Bezos says Amazon needs to do a better job for employees in his final…
In his final letter to shareholders, Amazon CEO Jeff Bezos on Thursday laid out a broad vision for the future of…
Mobile gaming company AppLovin starts trading at $70, giving it a market cap of…
Mobile gaming company AppLovin began trading Thursday at $70 per share.
The nine-year-old company, which has a…
Apple could stop making new iPhone Mini models by 2022, top analyst says
Apple’s 2022 iPhones could come in four different models with significantly improved cameras, TFI analyst Ming-Chi…
Coinbase stock whipsaws after landmark Nasdaq debut
Coinbase shares whipsawed Thursday morning, a day after the cryptocurrency exchange went public in a …
Mercedes-Benz Unveils new flagship EQS electric sedan to take on Tesla
Mercedes-Benz believes its new EQS sedan will redefine the all-electric luxury vehicle segment as it competes…
Bank Fines, Suspensions Weighed By Zimbabwe For Currency Gouging
Zimbabwe is considering penalizing domestic banks, telecommunications operators and other businesses over what the…
The CPI And Forex: How CPI Data Affects Currency Prices
In this article, we’ll explore CPI and forex trading, looking at what traders should know about the…
World-Beating Currency Draws Ire Of Mozambique’s Farm Minister
Mozambique’s world-beating currency has left some investors confused after a March terror attack threw its economic…
IMF Warns Of A Weaker Economic Recovery In Southeast Asia As Covid Restrictions…
The International Monetary Fund downgraded its forecasts for several Southeast Asian economies even as it turned…
N5.4tr Debt: AMCON Seeks Special Tribunals To Try Debtors
The Asset Management Corporation of Nigeria (AMCON) is seeking the establishment of special tribunals to try those…
Firm To Raise N20bn Via Lagos Commodities Exchange
Voriancorelli, the first company screened for listing on the Lagos Commodities and Futures Exchange, is seeking to…
Oil Price May Hit $70 Per Barrel By Mid 2021
S&P Global Platts has predicted that global oil prices will climb above $70 per barrel around mid-2021 as…
BDC Operators To CBN: Make Us Pay Agents For Diaspora Remittances
The Association of Bureaux de Change Operators of Nigeria (ABCON) has asked the Central Bank of Nigeria…