Dollar Lower After Weak Data, As Inflation Fears Ease
The dollar edged lower against major currencies on Friday after U.S. retail sales unexpectedly stalled in April and as concerns…
Category: World
IMF Mission Says Ghana Economy Rebounding
A country mission of the International Monetary Fund said on Friday that Ghana has managed its COVID-19 outbreak very effectively…
Economists Evaluate Nigeria-China Currency Swap
Some Financial Economists have expressed great concerns on the minor influence that the Nigeria-China currency swap had on the country’s…
Sterling Steadies Above $1.40 As Stronger Dollar Weighs
Sterling steadied above $1.40 against the dollar on Thursday after losing its perch near $1.41 the previous day when stronger…
Nigeria’s Diaspora Remittance Dropped By 28 Per Cent In 2020 – World Bank
The World Bank, on Wednesday, disclosed that diaspora remittances to Nigeria dropped sharply by 28 per cent in 2020. It…
Elon Musk Says Tesla Will Stop Accepting Bitcoin For Car Purchases, Citing Environmental Concerns
Tesla CEO Elon Musk said Wednesday on Twitter that Tesla has “suspended vehicle purchases using Bitcoin,” out of concern over “rapidly…
Dollar Hits Fresh 10-Week Lows Ahead Of Inflation Report
The U.S. dollar dropped to a fresh 2-1/2-month low on Tuesday as investors bet that rising inflation could erode the…
Agusto: Diaspora Remittances Will Increase 5% To $22bn In 2021
Agusto Consulting Limited, a credit rating agency, says diaspora remittances to Nigeria will increase by five percent to $22 billion…
The Chinese Digital Currency Is Moving Forward – Will The US Follow?
As far as early adopters go, the People’s Bank of China (PBOC) has become the first major central bank to…
Yuan Eases As FX Demand For Dividend Payments Kicks In
“The PBOC’s Q1 monetary policy report suggests that the central bank is not worried about imported inflation, despite that it…
Euro Zone To Rebound More Strongly, Borrowing Curbs To Stay On Hold -EU
The euro zone economy will rebound from its COVID-19 slump more strongly than previously thought this year and next, the…
Currencies Tumble As Stocks Erase Gains
What started off as a strong day for risk appetite turned into losses for currencies and equities. The Dow Jones…
Forex-Commodity Currencies Hold Advantage As Dollar Waits For Inflation And Fed
The dollar nursed losses against the currencies of major commodity exporters which enjoyed support from expectations for further gains in…
Pound Up Against Dollar And Euro Amid Hopes For Strong UK Recovery
Analysts say SNP’s failure to achieve overall majority in Scottish elections also a factor in highest level against dollar since…
Pound Rallies Over $1.41 To Highest Since February
The pound has surged on the foreign exchange markets today, thanks to a cocktail of economic optimism and fading political…
Pipeline Outage forces airlines to find other ways of getting fuel
The cyberattack that forced the shutdown of the country’s largest refined fuel-products pipeline over the weekend has sparked some routing changes for American…
‘It’s a big deal’ for America’s push to reopen, says NIH Director on Pfizer vaccine approval for adolescents
National Institutes of Health Director Dr. Francis Collins described the Food and Drug Administration’s emergency use authorization of Pfizer and BioNTech’s Covid vaccine for kids…
Cloud stocks plunge to six-month low as investors hasten rotation out of recent top performers
The rotation out of tech stocks continues to hammer cloud companies the hardest, as investors sell out of last year’s…
Citi downgrades Facebook and Google, says ad market expectations are too bullish
The growth trajectory for the online advertising market doesn’t appear to be strong enough to drive more gains for two…
Goldman says these are the biggest threats to the dominant 5 tech stocks
The so-called FAAMG stocks — Facebook, Apple, Amazon, Microsoft, and Google-parent Alphabet — have evolved into dominant juggernauts in the market, but Goldman Sachs is warning…
These cybersecurity stocks could benefit from the Colonial pipeline attack, says Goldman
The cyberattack that knocked a key U.S. gas pipeline offline should be another positive for the stocks in growing cybersecurity industry, Goldman…
Cloudflare seeing uptick in cyber incidents as hackers try ‘unleashing everything,’ CEO says
Cybersecurity provider Cloudflare has observed a significant rise in threats toward its customers in recent months, CEO Matthew Prince told CNBC on…
Bitcoin’s biggest rival just hit a record high — here’s how to mine for ethereum
Bitcoin’s biggest rival, ether, blew past $4,000 on Monday to hit a new record high. The cryptocurrency is up more than 400%…
Tom Lee is worried about ‘FANG’ and tech, favors these three sectors now amid the reopening
Fundstrat’s Tom Lee tweaked his group of reopening “epicenter” sectors and is sounding the alarm about weakness in major tech…
SolarEdge’s slide offers a buying opportunity, Bank of America says in upgrade
Bank of America upgraded shares of SolarEdge Technologies to a buy rating on Monday, saying the stock’s post-earnings sell-off is overdone. Shares…
Ford names new F-150 electric pickup Lightning with plans to reveal it May 19
Ford Motor’s upcoming all-electric F-150 pickup truck will be called Lightning, a name used by the automaker for street performance trucks…
FDA permits use of the Pfizer-BioNTech Covid vaccine in kids ages 12 to 15
The Food and Drug Administration on Monday approved Pfizer and BioNTech’s request to allow their Covid-19 vaccine to be given to kids ages…
Investors are being driven out of the flashy stocks into ‘boring’ names as the economy grows, Jim Cramer says
Many stocks that were up in Monday’s session will continue winning, while those that declined will likely keep melting down,…
Tesla, GM and Visa among the ‘Memorial Day trade’ stocks to play, Jim Cramer says
With a holiday and the summer months on the horizon, CNBC’s Jim Cramer on Monday revealed a list of stocks…
What Is Dogecoin? And Why Is It Rising And Falling With Elon Musk?
The cryptocurrency dogecoin went on a rocket ride to the moon and back over the weekend after Elon Musk poked…