Stocks, Bond Yields Down As Growth And Taper Fears Haunt Markets
Concerns about slowing global growth, coupled with signals from the Federal Reserve it was preparing…
Category: Market
Wall Street Drops As Taper Fears, Commodity Losses Weigh
Wall Street indexes fell on Thursday on concerns the Federal Reserve could begin to rein…
Jobless Claims Hit New Pandemic-era Low In A Sign Of Hope For The Employment Picture
First-time filings for unemployment insurance hit a new pandemic-era low last week, a sign that…
Dow Futures Drop 200 Points, Commodities Retreat On Concern About The Fed’s Move To Remove Stimulus
Stock futures were sharply lower on Thursday as concern grew that the Federal Reserve’s move…
Treasury Yields Fall Despite Fed Taper Talk
U.S. Treasury yields fell on Thursday morning, despite the Federal Reserve’s latest policy meeting minutes…
Stocks, Oil Sink On Growth Worries; Dollar Gains: Markets Wrap
Asian stocks fell to the lowest this year, crude oil sank and the dollar rallied…
Facebook Is Ready To Launch Digital Wallet
Facebook is prepared to launch the Novi digital wallet tied to Diem blockchain-based payment system,…
Hard Lesson For United State Investors: Chinese Companies Don’t Make The Rules In China
American investors’ shock at an ongoing regulatory crackdown in China points to a fundamental difference…
Crude Sinks To Three-Month Low As Fuel Demand Wanes
Crude in New York dropped to the lowest since May after a surprise increase in…
Exchange Rate Used For Purchasing Stocks Via Fintech Apps Falls To N522/$1
The exchange rate for converting naira to dollar using FinTech apps nosedived to N522/$1 according…
Canadian Inflation Jumps To 3.7%, Creating Trouble For Trudeau
Canadian inflation accelerated to match its highest reading in almost two decades, threatening to become…
Fed Govt Offers N150b Long-Term Bonds
The Federal Government will today auction medium-to long-term bonds valued at N150 billion as part…
Sterling Hovers Near Recent Lows, Unmoved By Inflation Slowdown
Sterling hovered near a 3-1/2-week low on Wednesday after UK inflation data showed a sharper…
Nigeria’s Economy May Grow To 2.5% In 2021, 2.6% In 2022, IMF Predicts
The International Monetary Fund (IMF) has maintained an unchanged economic growth rate of 2.5 per…
Forex – Labour Advocates Improved Monetary, Fiscal Policies
The leadership of Association of Senior Civil Servants of Nigeria (ASCSN) has called on federal…
Nigeria’s Foreign Reserves To Surpass $40bn By September –Experts
Against the backdrop of a $3.35 billion direct allocations approved by the International Monetary Fund (IMF),…
S&P 500, Dow Edge Lower Ahead Of Fed Minutes
The S&P 500 and the Dow inched lower in choppy trading on Wednesday as investors…
Big-Ticket Spenders Boost Lowe’s Sales, Shares Jump
Lowe’s Cos Inc (LOW.N) said on Wednesday that professional builders and handymen were rushing back to its…
U.S. Senators Urge FTC To Probe Tesla Over Self-Driving Claims
Two U.S. senators on Wednesday pressed the Federal Trade Commission (FTC) to probe Tesla (TSLA.O), saying…
Mortgage Rates Hit Their Highest Level In A Month, And Weekly Demand Drops
Borrowers backed away from the mortgage market last week, as higher interest rates chilled a…
Stocks making the biggest moves premarket: Lowe’s, Target, Krispy Kreme And Others
Lowe’s (LOW ) – The home improvement retailer reported an adjusted quarterly profit of $4.25…
New Nissan Z Sports Car Unveiled As Halo Vehicle Amid Automaker’s Turnaround Plan
Nissan Motor on Tuesday unveiled its new Z performance vehicle — a favorite of enthusiasts…
TSMC Overtakes Tencent To become Asia’s Most Valuable Company, As China Crackdown Takes A Toll
The world’s largest chipmaker Taiwan Semiconductor Manufacturing Company (TSMC) has overtaken Chinese tech behemoth Tencent…
European Stocks Nudge Higher Amid Inflation Data; Carlsberg Up 2%
European markets were slightly higher on Wednesday morning, as investors monitored inflation data and looked…
Woodside Investors Jittery On Petroleum Merger, BHP Falls On Listing Change
Shares in BHP Group Ltd. (BHP.AX) and Woodside Petroleum fell on Wednesday as investors digested details of…
Analysis: As Investors Look To Jackson Hole, Options Markets See ‘A Lot Of Nothing’
Traders in U.S. equity options do not expect the Federal Reserve’s symposium in Jackson Hole,…
Yuan’s Global Use Faces A Test As Xi’s Reforms Rattle Markets
The Chinese yuan has been making inroads in the world of cross-border payments in recent…
Forex: Labour Backs CBN, Makes Case For Manufacturers
Following the current foreign exchange squeeze being experienced in the country, organised labour, under the…
Pound Hits 3-Week Low Vs Dollar As Risk Appetite Weakens
Britain’s pound hits its lowest level in three weeks against the dollar on Tuesday as…
Govt To Borrow N5.62trn For 2022 Budget Deficit
The federal government has submitted a proposal to borrow N5.62 trillion to finance the budget…