Real Time Financial News Website
The dominance of major U.S. tech stocks in recent years has pushed the sector past another milestone as it is now more valuable than the entire European stock market, according…
Utz Quality Foods gained market share as consumers stockpiled its pretzels and potato chips for quarantine snacks at the start of coronavirus lockdowns, helped by its direct-store delivery model. “Our…
In less than 2 months, Africa’s richest man, Aliko Dangote has lost more than $100 million of his net worth. Dangote’s fortune dropped by 0.8% to $12.3 billion from the…
At the height of the coronavirus pandemic last spring, the heads of U.S. banks including Morgan Stanley, Bank of America Corp and others pledged not to cut any jobs in…
Standing before half a dozen American flags during a press conference at his country club in Bedminster, New Jersey, President Donald Trump heralded what has become a central plank of…
Wind turbine maker Siemens Gamesa (SGREN.MC) said its profit margins are set to rebound after a slump exacerbated by the pandemic and its onshore unit should break even in 2022,…
U.S. energy companies on Thursday were organizing crews and beginning to review offshore Gulf of Mexico platforms and assess damage to coastal operations as Hurricane Laura took its fierce winds…
Look no further than one of the biggest commercial real estate developers in New York City to see how the retail and office industries are being impacted by the coronavirus…
U.S. stocks opened higher on Thursday as Federal Reserve Chair Jerome Powell rolled out an aggressive new strategy to restore the United States to full employment and lift inflation back…
Small business staffing, shifts worked at industries and job openings posted by companies continued a sluggish performance over the past week, evidence that the pandemic’s core wound to the U.S.…
Speculations started March 12 that the naira might be devalued. This is a timeline of every decision taken since the first devaluation. Since the first quarter of the year, Nigeria…
The dollar wallowed near its lowest level for the week on Thursday as investors looked for hints from Federal Reserve Chairman Jerome Powell that the central bank might tweak its…
The euro zone economy is growing in line with the path the European Central Bank projected in June, and the bank’s bond purchase scheme to help tackle the pandemic emergency…
Central Bank of Nigeria (CBN) has directed banks to submit the names, addresses and Bank Verification Numbers (BVN) of exporters that have defaulted in repatriating their exports proceeds. The Governor,…
The crisis is another wake-up call to restructure the economy Even when the numbers are open to broad interpretation, the figures released recently by the National Bureau of Statistics (NBS)…
Nordstrom said Tuesday its net sales fell 53% during the second quarter, as its stores took a hit from being temporarily closed during the coronavirus pandemic, and its online business…
Between last April and July, the Central Bank of Nigeria(CBN)debited N2.476trillion from the commercial banks as Cash Reserve Requirement (CRR) and as part of measures to strengthen the Naira .…
Key players in the nation’s economy including the Manufacturers Association of Nigeria and the Lagos Chamber of Commerce and Industry on Monday said the government may not able to service…
The Canadian dollar weakened against its U.S. counterpart and all the other G10 currencies on Monday, as recent data showed that speculators have added to bearish bets on the loonie…
Leading cryptocurrency exchanges are bullish about Africa’s growth prospects as evidenced by their ongoing forays into the continent. During the month of August, Kucoin crypto exchange announced the addition of…
Oil traded near $42.50 a barrel as Laura was predicted to become a major hurricane, menacing crude production and refineries in the U.S. Gulf of Mexico close on the heels…
On a monthly basis, The Nigerian Stock Exchange polls trading figures from market operators on their Domestic and Foreign Portfolio Investment (FPI)4 flows. As at 31 July 2020, total transactions…
The euro rose nearly 0.5% on Tuesday on better-than-expected German economic data, while the U.S. dollar fell after the United States and China both hailed a phone call between their…
Hormel (HRL) – The food producer reported quarterly earnings of 37 cents per share, 3 cents a share above estimates. Revenue came in slightly above forecasts. Hormel said its retail…
Top U.S. and Chinese trade officials have reaffirmed their commitment to a Phase 1 trade deal, which has seen China lagging on its obligations to buy American goods, giving a…
The gas and nuclear industries have ramped up lobbying to secure last-ditch changes to European rules defining which investments are sustainable, fearing that exclusion from a new “green” list could…
A year ago, Federal Reserve Chair Jerome Powell warned fellow central bankers of the significant risks posed by trade policy uncertainty, and the lack of precedents for monetary policy in…
Best Buy on Tuesday reported strong second-quarter sales growth, helped by its biggest quarterly increase in online sales ever, as customers bought computers, kitchen appliances and other tech to help…
Asset Management Corporation of Nigeria (AMCON) has taken over assets belonging to Joshua Abiodun Faleye, the chief promoter of Jabfal Enterprises Limited over N440 million debt. The agency’s action followed…
The naira has fallen by 108 per cent against the West African CFA (popularly known as CFA) in the past five years as the latter rallies to wipe out the…