Automobile Shortages Weigh On U.S. Retail Sales
U.S. retail sales fell more than expected in July as shortages weighed on purchases of motor vehicles, suggesting a moderation…
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…
Walmart Earnings Top Estimates Fueled By Strong Grocery Sales And Back-To-School Spending
Walmart’s second-quarter earnings exceeded Wall Street’s expectations on Tuesday as the retail giant gained ground in its grocery business and…
ECOWAS Fixes January 2025 Deadline For Adoption Of Cleaner Fuels
Member countries of the Economic Community of West African States (ECOWAS) have set a January 2025 deadline for the adoption…
Economic Outlook Getting Better, Adedipe, Others Claim
Chief Consultant of B. Adedipe Associates Limited, Dr. Biodun Adedipe and Director, Monetary Policy Department of the Central Bank of…
Forex Scarcity, Others Put Pressure On FMCG Companies’ Profits
Analysts have identified scarcity of foreign exchange, inflationary pressures and rising input costs due to naira devaluation as responsible for…
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 &…
Afghanistan Is A ‘Disaster,’ But These Two Market Risks Are Higher On Invesco’s Radar
There are two risks high on Invesco’s radar, but the Taliban takeover in Afghanistan isn’t one of them. Kristina Hooper,…
Treasury Yields ebb Lower Ahead Of Retail Sales Data
U.S. Treasury yields ebbed lower on Tuesday, ahead of the release of July’s retail sales data. The yield on the…
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…
China Seeks To Tighten Rules On Unfair Internet Competition, Sending Tech Shares Lower
China’s market regulator issued draft rules on Tuesday aimed at stopping unfair competition on the internet, as Beijing continues its…
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…
Chinese Electric Scooter Company Niu Shakes Off Pandemic Slump And Predicts Strong Sales Ahead
Almost three years since Chinese electric scooter start-up Niu Technologies listed in the U.S., the company has not only…
T-Mobile Says It Found Unauthorized Access To Data
T-Mobile US Inc (TMUS.O) on Monday acknowledged a data breach but said it was yet to find if any customer information has…
Beijing Takes Stake, Board Seat In ByteDance’s Key China Entity – The Information
The Chinese government has taken a stake and a board seat in TikTok owner ByteDance’s key Chinese entity, Beijing ByteDance…
Roblox Bookings Miss Wall St Target As Easing Curbs Hurt Online Games
Roblox Corp’s (RBLX.N) quarterly bookings missed market expectations on Monday, as easing restrictions slowed the pandemic-fueled surge in spending for its games…
Analysis: Decentralised Finance: Latest Front In Crypto’s Hacking Problem
For most of the 13-year life of cryptocurrencies, exchanges were the epicentre for cyberheists. Now, a bigger hacking risk in…
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…
Australian Dollar Down On Weak China Data. Is AUD/USD Ready To Break Out?
The risk-off sentiment from early Monday morning in Asia continued after the release of Chinese data that was lower than…
Manufacturers Urge Africa To Tap From AfCFTA
Whitfield, also the president of the Association of African Automotive Manufacturers (AAAM), in a statement, lamented that fewer vehicles were…
Oil Prices Drop Amid Faltering Demand Outlook In China
Oil prices fell by about 1% on Monday, dropping for a third session, after official data showed that refining throughput…
Firms With Untraceable Addresses Owe N17.69bn Tax In 2015 -FIRS
The Federal Inland Revenue Service confirmed that companies with untraceable addresses evaded taxes to the tune of N17.69bn, according to…
Is Shell Oil’s $110 Million Payment For Spill A Slap Or Remedy?
Second, The consequence of oil spills and environmental damages are reflected in the wreckage and mangled landscape and tortured lives…