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 the company has misled consumers…
Category: Market
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 recent revival in refinances. The…
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 per share, beating the consensus…
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 and customizers — as an…
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 to become Asia’s most valuable…
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 ahead to the minutes from…
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 the Perth-based oil and gas…
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, Wyoming later this month to…
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 years, but a pair of…
Forex: Labour Backs CBN, Makes Case For Manufacturers
Following the current foreign exchange squeeze being experienced in the country, organised labour, under the aegis of Association of Senior…
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 weakening risk sentiment weighed on…
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 deficit in the 2022 budget.…
Labour Seeks Special Allocation Of Forex To Manufacturers
Organised Labour has pleaded with the Federal Government to devise a special arrangement to ensure that foreign exchange, forex, is…
2022 Budget: FG Crashes Capital Expenditure, Despite Higher Earnings
The Federal Government’s fiscal operations in 2022 is set for contraction, despite higher oil earnings and earnings from increased exchange…
Oil Rises On Bargain-Hunting, Expectations That OPEC+ Will Not Boost Supply Soon
Oil prices rose on Tuesday, recovering from the previous day’s losses, as investors sought bargains and on expectations that major producers…
Nigerian Equities Beat Global Stocks With N371b Gain
Nigerian equities closed weekend upbeat ahead of other major global stock markets with increased demand for Nigerian shares fuelling a…
Flee From Investments With Unrealistic Returns—SEC Warns Nigerians
For the umpteenth time, Nigerians have been warned to flee from investments that promise to offer them unrealistic returns as…
India’s July Palm Oil Imports Plunge 43%, Says Trade Body
India’s July palm oil imports plunged 43% from a year earlier to their lowest in five months, a leading trade…
Bill Ackman SPAC Sued , Plaintiffs Say Sponsors Got ‘Staggering Compensation’
Bill Ackman’s troubled SPAC was hit with a lawsuit Tuesday that alleged the blank-check company awarded “staggering compensation” to its…
Equities Market Declines By N9bn On Profit-Taking In Banking, Oil & Gas Stocks
Trading on the Nigerian equities market yesterday started the week marginally lower, as investors profit-taking in Banking and Oil &…
Again, SEC Warns Against Patronage Of Ponzi Schemes
The Securities and Exchange Commission (SEC) has once again, bemoaned the proliferation of fraudulent investment outfits in the capital market,…
China May Align Itself With Taliban And Try To Exploit Afghanistan’s Rare Earth Metals, Analyst Warns
Afghanistan is estimated to have trillions of dollars worth of rare earth metals, and countries — such as China —…
Europe Markets Set To Open Lower As Investors Monitor Inflation Data, Afghanistan Crisis
European markets are set to open slightly lower on Tuesday, on track to extend losses after snapping a 10-day winning…
United State Stock Futures Dip After Dow, S&P 500 Close At Record Highs
U.S. stock index futures were slightly lower during overnight trading Monday, after the Dow and S&P 500 closed at record…
Pearson To Pay $1 Mln To Settle Charges It Misled Investors, U.S. SEC Says
London-based Pearson PLC (PSON.L) will pay $1 million to settle charges it misled investors about a 2018 cyber intrusion involving the theft…
Dollar Steadies After Weak China Data; Fed Minutes Eyed
The dollar held its ground against major peers on Monday as disappointing monthly activity data from China helped the greenback…
Ranking The Currencies That Could Unseat The Dollar
This is the second installment in a series on global currencies. The first part details the forces eroding the U.S. dollar’s…
BOE’s Inflation Alarm Deemed Overly-Cautious By Economists
Bank of England policy makers are being overly-alarmist on their outlook for inflation, economists’s forecasts suggest, casting doubt on the…
Cardano’s ADA Token Is Now World’s Third-Largest Cryptocurrency
A little-known digital token linked to the Cardano blockchain has just become the third-largest virtual currency in the world as…
China’s Oil Refining Tumbles To 14-Month Low Amid Crackdown
China’s oil refining slumped to the lowest level in 14-months as private processors scaled back operations amid a crackdown by…