Bankrupted JC Penney Plans To Spin Its Properties Into Separate Real Estate…
A piece of J.C. Penney’s proposal to emerge from bankruptcy includes spinning its real estate into a publicly…
Coronavirus: Millions Of Americans Could Retire Into Poverty
Labor economist Teresa Ghilarducci began studying retirement in 2008, when the Great Recession was making it…
How Would Negative Interest Rates Affect Mortgages?
The Federal Reserve hasn't left itself much room to keep using interest rates to battle the coronavirus, which Fed…
Nigeria: FG, States, LGs Share N606.196bn, Revenue Drops By N227.265bn
The Federation Accounts Allocation Committee has shared a total of N606.196bn for April revenue to the federal,…
California Officials Reject Subsidies For Musk’s SpaceX Over Tesla Spat
A California state panel on Friday rejected a request from Elon Musk’s SpaceX for $655,500 in state job and…
Trump Administration Reportedly Set To Restore Partial Funding To World Health…
U.S. President Donald Trump’s administration is set to restore partial funding to the World Health Organization,…
China Asks United States To Stop ‘Unreasonable Suppression’ Of Huawei
China’s foreign ministry said on Saturday the United States needed to stop the “unreasonable suppression” of…
House Democrats Pass $3 trillion Coronavirus Relief Package
House Democrats on Friday passed a $3 trillion coronavirus relief package, unprecedented spending Senate…
Saudi Wealth Fund Boosts U.S. Holdings With Stakes In Citi, Boeing, Facebook
Saudi Arabia’s sovereign wealth fund has bought minority stakes in major American companies including Boeing…
J. C. Penny Files For Bankruptcy
J.C. Penney Co Inc filed for bankruptcy protection on Friday with plans to permanently close some stores and also…
Elon Musk’s Boring Company Completes Second Tunnel In Las Vegas
The Boring Company, Elon Musk's underground transportation project, has completed work on a second tunnel in Las…
Fitbit Plans To Make Emergency Ventilators For Covid-19
Fitbit, which makes wearable devices including fitness-trackers, is shifting its supply chain to make…
Mike Bloomberg Plots Spending Blitz To Support Joe Biden’s Run For President
Billionaire and former presidential candidate Mike Bloomberg is plotting a massive spending blitz to back Joe…
Could Jeff Bezos Really Become The World’s First Trillionaire By 2026?
Jeff Bezos is already the world’s wealthiest person by a healthy margin and he’s the founder and CEO of one of…
Facebook Is Building A Huge Undersea Cable Around Africa To Boost Internet Access…
Facebook is building a massive underwater cable around Africa, in an effort to bring more of the continent’s…
Nigeria: Currency In Circulation Rises By N11.38bn In One Month
The total currency in circulation in the country rose to N2.3tn as of April 30 from N2.29tn on March 31, 2020.…
Nigeria: Borrowers Complain As MfBs Demand Loan Repayment
Some borrowers from microfinance banks have decried their exemption from loan tenor extension in the banking…
Mark Cuban Believes The Market Is Overvalued
Shark Tank” investor Mark Cuban believes the market is overvalued as coronavirus induced uncertainty over consumer…
Saudi Oil Rush Threatens To Disrupt Stabilizing U.S. Market
An armada of tankers filled with Saudi Arabian crude steaming toward the U.S. threatens to prevent America’s oil…
China Ready To Put Apple, Other U.S. Companies In ‘Unreliable Entity List’
China is ready to put U.S. companies in an "unreliable entity list," as part of countermeasures against…
U.S. Moves To Cut Huawei Off From Global Chip Suppliers As China Eyes Retaliation
The Trump administration on Friday moved to block global chip supplies to blacklisted telecoms equipment giant…
China’s Unemployment Rises As Coronavirus Wrecks More Havoc On Economy
The unemployment rate in China remained near historic highs in April, highlighting the challenges the world’s…
Slovenia Becomes First European Nation To Declare An End To Its Coronavirus…
Slovenia has become the first European country to declare its domestic coronavirus outbreak officially over.
The…
Netflix Hits A Record High, And Trader Says One Level Holds
Netflix hit a record high after Jefferies gave three reasons to buy the stock.
In the firm’s pro column,…
German Economy Posts Sharpest Contraction Since The Financial Crisis
German GDP (gross domestic product) shrank by 2.2% in the first quarter compared to the final three months of…
Oil Records Second Monthly Drop, Unsold Cargoes Increase
Crude oil in the Organisation of Petroleum Exporting Countries reference basket dropped for the second consecutive…
Airline Industry Not Likely To Recover For At Least A Year: Southwest CEO
The airline industry is not likely to recover to pre-coronavirus levels for at least the next six to 12 months,…
World Stocks Win A Respite, Oil Prices Jump Over 3%
World stocks rose on Friday and oil prices jumped more than 3%, taking the sting out of a week that has seen…
UK Announces £1.6bn Bailout For London’s Transport System
The British government will pump £1.6 billion into London’s public transport system to restore services and help…
A London-Based Trading House Bought 250,000 Barrels Of Oils During The Historic…
One trader bought 250,000 barrels of oil and secured a rare payout at a time when oil prices turned negative,…