Real Time Financial News Website
A powerful push in innovation is creating excitement among venture capitalists. Early stage angel investor Nidhi Chadda of Enzo Advisors finds the coronavirus fallout is producing a seismic shift in…
Britons rushed to get back from summer holidays in France on Friday after their government said it would soon impose a 14-day quarantine on travellers from across the Channel due…
Cisco shares fell more than 6% in after-hours trading despite reporting fiscal fourth-quarter profit and revenues that topped analysts’ expectations. The results, though better than what analysts polled by Refinitiv…
The Canadian dollar climbed on Wednesday to its strongest level in nearly six months against its U.S. counterpart, as the prospect of further economic stimulus bolstered the outlook of commodities…
Applied Materials — Shares of Applied Materials rose 1.2% in after-hours trading on the back of fiscal third-quarter results that beat analyst expectations. The company reported earnings per share of…
A key euro zone interbank money-market rate is trading below the European Central Bank’s own official rate for the first time in over five months, a sign of the vast…
LSETF Zambian and Kenyan currencies are seen facing pressure next week as those of Nigeria, Uganda and Tanzania hold steady. ZAMBIA The kwacha is expected to remain under pressure against…
A leading global investment banking firm, Goldman Sachs Group, this week, announced that a significant devaluation of the naira is expected within the next 12 to 18 months. This is…
A sharp escalation in tensions with the United States has stoked fears in China of a deepening financial war that could result in it being shut out of the global…
The U.S. push to fire up its economy in the middle of a pandemic remained stalled last week with signs the lapse of emergency unemployment benefits and business grants may…
Sterling rose against the dollar on Thursday, driven by dollar weakness as traders shrugged off Wednesday’s dismal GDP data but remained cautious about the longer-term economic outlook for Britain. FILE…
A 2001 Ferrari could become the most expensive car ever sold in an online auction this week, amid expectations that it could sell for more than $4 million. The sale…
Nigerian stocks climbed to an eight-week high on Wednesday lifted by gains in shares of energy companies after global oil prices rallied. Recovering after two days of losses, the main…
World oil demand will fall more steeply in 2020 than previously forecast due to the coronavirus and there are doubts about next year’s recovery, OPEC forecast on Wednesday, potentially making…
Stocks may see a super-sized comeback deep into next year. The Leuthold Group’s Jim Paulsen sees the depression-like collapse setting the stage for a wartime-type boom. “It forced companies to…
U.S. stock index futures rose on Wednesday following a pullback on Wall Street in the previous session, as resilient fuel demand drove up oil prices, while investors remained on edge…
U.S. consumer prices rose more than expected in July, with a measure of underlying inflation increasing by the most in 29-1/2 years amid broad gains in the costs of goods…
Guaranty Trust Bank (GTB) has lowered the international spending limit on its naira Mastercard to $100 a month. This was contained in a notice sent to customers on Wednesday. This…
Gold dropped more than 2% to break below the key $1,900 per ounce level on Wednesday as a resurgent dollar forced bullion investors to reassess their positions after a record-breaking…
Foreign exchange (forex) liquidity pressures are expected to lead to a rise in forex-linked costs to and exert downward pressure on the earnings of telecom operators, a report by FBNQuest…
U.S. airline stocks Tuesday hit their highest prices since mid-June, but the rally, led by more customers returning to air travel and hopes for more government aid, cooled along with…
Boeing customers canceled plans to buy 43 of the manufacturer’s troubled 737 Max planes in July as scrapped orders outpaced sales for a sixth consecutive month, the company said Tuesday.…
European stocks closed higher Tuesday, as investor hopes for a U.S. stimulus deal outweighed concerns over heightened U.S.-Sino tensions. The pan-European Stoxx 600 closed 1.7% higher, with all sectors and…
Leaders from major U.S. companies, including banks and tech giants, have formed a group aimed at increasing the hiring of individuals from minority communities in New York. The New York…
“We think the liquidity will likely go to the equity market,” said Zhiwei Zhang, president and chief economist at Pinpoint Asset Management. Although real estate has been the favored investment…
Asia Pacific markets mostly rose on Tuesday, following gains on Wall Street overnight as investors remain unfazed by China’s retaliatory actions against the United States. But Chinese mainland markets gave…
Futures for the U.S. S&P Global index hit a record high on Tuesday and world stocks rose to new 5-1/2 month peaks, lifted by bets on a U.S. fiscal stimulus…
The first all-electric car from Lucid Motors is expected to set a new industry benchmark — and record — with more than 500 miles of range per charge, easily topping…
The economic crisis caused by the coronavirus pandemic is falling hardest on the most vulnerable workers, and policymakers need to coordinate to come up with creative policies to help people…
Lyft, Uber — Shares of the ride-hailing duo dipped after a San Francisco Superior Court judge ruled that they convert California drivers from independent contractors to employees with benefits. Lyft…