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…
Category: Features
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’
Billionaire Leon Cooperman Says ‘Capitalism As We Know It Will Likely Be Changed Forever’
Billionaire Leon Cooperman says that the U.S. economy and markets may be facing lasting implications from the COVID-19 pandemic that…
U.S. Aid Bill Passed; Duterte Extends Lockdown
The U.S. House of Representatives overwhelmingly passed a $484 billion coronavirus aid package, replenishing funding to aid small businesses and provide support for…
Asian Stocks Slip; Crude Oil Pushes Higher
S&P 500 Index pares rally as virus-drug test disappoints. 10-year Treasury yield holds at 0.6%; Crude climbs in New York
This Is What It Takes To Be In The 1% Around The World
The “top 1%” is the symbol of wealth and power thanks to a protest movement. Since Occupy Wall Street popularized the…
Why Is Harvard Getting $9 Million In Stimulus Money When It Has A $40 Billion Endowment?
Harvard is under attack for the $9 million in stimulus money it’s getting from the federal government. “America’s Richest University…
Trump Signs Immigration Order Curbing Green Cards
President Donald Trump on Wednesday signed an order to temporarily block some foreigners from permanent residence in the United States,…
What’s A Negative Crude Future And Does It Mean Anything For Consumers?
The price of a barrel of benchmark U.S. oil plunged below $0 a barrel on Monday for the first time…
Nigeria Report: Investment-led Strategy Critical for Economic Recovery – Bismarck Rewane
The Managing Director, Financial Derivatives Company Limited and a member of President Muhammadu Buhari’s Economic Advisory Council (EAC), Mr. Bismarck…
Lagos Sex Workers Slash Rates To Attract Customers During Lockdown
The noisome ambience reeked of marijuana and cigarettes as our correspondent walked down Ipodo Street on Tuesday evening. Sitting on…
Where Are All The Unused Planes Right Now?
Between a third and half of the global population are in some form of lockdown. City centres, malls, high streets…
Apple’s New iPhone SE Is Also Its Most Affordable, And Everything Else You Should Know About The Latest iPhone
Apple today announced the second-generation iPhone SE, a powerful new iPhone featuring a 4.7-inch Retina HD display, paired with Touch…
Nigeria: Small Business Owners Say Economic Impact Of Coronavirus Is ‘Killing’ Them More Than The Virus Itself
One bright morning in early March, a Lagos-based real estate agent, Mr John Adewale, got a call from a potential…
Coronavirus Will Change How Stuff Gets To You
From toilet paper shortages to computer chips, the novel coronavirus pandemic has exposed many weak links in the highly globalized supply chains…
Global Cases reach 1.6 Million; Johnson Out Of ICU
The number of confirmed cases has reached nearly 1.6 million globally as of April 10, according to data collected by Johns Hopkins University and Bloomberg News. U.S. cases now stand at 461,437 compared to Spain with 153,222 as the next highest country. New York state reported the fewest hospitalizations since the outbreak began, even as deaths hit another high.
S&P 500 Caps Best Week Since 1974 After Fed Acts
Gold reached a 7-year high as haven demand for the metal rose. Oil drops even after Saudis, Russia forge pact on cuts. Powell Sees Every Reason to Think U.S. Can Recover ‘Fairly Quickly’
How Coronavirus Could Exacerbate Domestic Violence ‘It’s Not Safe To Leave The House, And It’s Not Safe To Stay In The House.’
Coronavirus is exacerbating a problem that already exists and hasn’t been adequately addressed: Survivors of domestic violence cannot afford to leave the abuse,’ one advocate said.
Money Stuff: Banks Have Too Much Money Now
Reverse bank run Here’s a thing you could do as a bank. You could take deposits: People and companies give…
Wives Rejoice And Traders Despair As Coronavirus Halts ‘Khat’ Supply To Somalia
Before the coronavirus hit, Muna Nur Farah had started to hate her husband. He’d slink into their home in the…
Over Half Of Americans Are Postponing Weddings—Till When, Few Know
One of the last weddings performed in public in Las Vegas was on St. Patrick’s Day. The groom wore a dark…
Oil Price May Fall To $10 A Barrel As World Runs Out Of Storage Space
The world may soon run out of space to store its extra oil as Saudi Arabia prepares to increase its…
Another 11% Swing in the Dow Average Shows Value Still a Mystery
As Wall Street celebrates the Dow Jones Industrial Average’s biggest surge in nine decades, spare a thought for the people…
Recoveries At 100,000; Wuhan To Lift Lockdown
China plans to lift lockdown measures in Wuhan, the city subjected to a mass quarantine since the start of the coronavirus outbreak.…
The Countries Hit Hardest By The Oil Price War
The recent plunge in oil prices has put the financially ravaged U.S. shale industry in the spotlight over the past…
How Sham Trades Tricked Germany Out Of Billions
Two British bankers were handed suspended jail sentences on Wednesday and one told to pay a 14 million euro penalty…
Uganda Cuts Growth Outlook as Coronavirus Outbreak Hurts Tourism
Uganda sees economic growth slowing to 5.2% to 5.7% in 2019-20 from an earlier forecast of 6% depending on the…
The Audacity of the British Treasury… UK Property Market
Yesterday, the United Kingdom’s Chancellor, Rishi Sunak, whilst delivering the government’s budget plans announced a stamp duty land tax surcharge…
Dow tanks 2,300 in worst day since Black Monday, S&P 500 bear market
It was a historic day on Wall Street. The Dow plunged 10% for its worst day since Black Monday in…
Nigerian shoemakers tap national pride, nostalgia to spur local industry
Two men in grey jumpsuits brush glue onto rubber soles, while factory machines whir in the background. Elsewhere, women perched…