Stock Market Rebounds As Investors Gain N23bn
The equities market on the Nigerian Exchange Limited rebounded from the loss recorded on Monday with investors…
Dollar Settles Near 4-1/2 Month Highs As Risk Appetite Cools
The dollar held near a 4-1/2 month high versus a basket of major currencies on Wednesday as simmering concerns…
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…
PayPal And Fiserv Partner To Allow Paycheck Deposits Into Venmo Accounts
Getting gig economy workers to send their paychecks directly to a PayPal or Venmo wallet is one of the goals of a…
Chinese Tesla Rival Xpeng Expands Production Capacity As Competition Heats Up
Chinese electric carmaker Xpeng is doubling the production capacity at one of its key plants as competition heats…
Tesla Is Facing A Critical Technical Support Level — And A Break Below Could Mean…
Tesla’s recent declines are taking the stock to treacherous territory, one trader warns.
Shares of 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…
Crypto Exchange Binance Hires Former US Treasury Criminal Investigator
Binance said on Wednesday it had appointed a former U.S. Treasury criminal investigator as its global money…
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…
The world’s largest chipmaker Taiwan Semiconductor Manufacturing Company (TSMC) has overtaken Chinese tech behemoth…
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…
Robinhood’s Shareholders: Are Crypto Wallets Coming And Do We Get Hoodies?
When Robinhood Markets Inc (HOOD.O) reports quarterly financial results on Wednesday for the first time since…
BlackBerry Software Flaw Could Impact Cars, Medical Devices – U.S. Agencies
A cybersecurity flaw in a software designed by BlackBerry Ltd (BB.TO) could put at risk cars and medical equipment…
Huawei Will Return To Smartphone Throne’ Despite Crippling Sanctions,…
Huawei Technologies' (HWT.UL) chairman said while U.S. sanctions have choked its smartphone business, it will not…
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…
Analysis: As Investors Look To Jackson Hole, Options Markets See ‘A Lot Of…
Traders in U.S. equity options do not expect the Federal Reserve’s symposium in Jackson Hole, Wyoming later this…
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 data…
Forex: Labour Backs CBN, Makes Case For Manufacturers
Following the current foreign exchange squeeze being experienced in the country, organised labour, under the aegis…
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…
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…
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…
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…
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…
Nigerian Equities Beat Global Stocks With N371b Gain
Nigerian equities closed weekend upbeat ahead of other major global stock markets with increased demand for…
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…
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 body…
Tesla Expands Legal, External Relations Workforce In China
Tesla Inc (TSLA.O) is hiring managers for legal and external relations teams in China, according to a job post on…
EV Startups Hunt For Low-Cost Roads To Mass Production
Electric car and van startups racing to become the next Tesla Inc (TSLA.O) all want to avoid Elon Musk's journey…
Home Depot’s U.S. Sales Slow As DIY Frenzy Tapers Off
Home Depot Inc (HD.N) on Tuesday fell short of U.S. same-store sales estimates for the first time in nearly two…
Walmart Raises Forecast As People Return To Stores; Online Sales Slow
Walmart Inc (WMT.N)increased its annual U.S. same-store sales forecast after beating analysts' estimates on…