India Prime Minister Narendra Modi is the latest high profile personality to fall victim of a spike in hacking incidences on Twitter. In the recent past, security breaches have targeted the most powerful in the world as part of a new wave of cryptocurrency scams looking to scam people of Bitcoin holding. India Prime Minister
Staff Writer
Tensions between the U.S and China are heating up as Washington threatens to ban yet another Chinese company. China’s largest chipmaker, Semiconductor Manufacturing Corporation, is the latest to find itself at crossroads amid spiraling relations between the two tech and economic powerhouses. Entity List Designation The U.S Department of Defense is in discussions over the
T-Mobile Us Inc. (NASDAQ:TMUS) has embarked on an ambitious project that seeks to ensure students don’t miss out on learning, even as COVID-19 continues to derail learning activities worldwide. The cellular service network provider has announced a $10.7 billion initiative that will deliver free internet connectivity to millions of students across the country. T-Mobile Free
Unilever is inching close to eliminating fossil fuels from its product line. The household good company has confirmed plans to invest €1 billion in cutting carbon emissions generated by chemicals used in the making of its household products. Unilever €1 Billion Fossil Fuel Reduction Plan As part of the clean future initiative, the company plans
Amazon.com, Inc. (NASDAQ:AMZN) could soon shorten delivery times to less than 30-minutes after securing a crucial regulatory approval. The Federal Aviation Administration has issued the e-commerce giant a certificate that paves the way for the company to start using drones to deliver items. The Part 135 Air Carrier certificate is of the company’s fleet of
Rising yields is the latest headache that the U.S Federal Reserve faces as it tries to reinvigorate an economy struggling to bounce back from the shackles of COVID-19. In recent days long term yields have risen to two-month highs, all but threatening economic growth. Rising Long Term Yields The 30-year had its finest run yet,
The Exchange Traded Fund market has been a buzz of activity in 2020 in the wake of the Federal Reserve cutting interest rates to record lows. Investors have continued to shun yields in favor of ETFs that continue to provide broad exposure to a stock market that shows no signs of slowing down, clocking record
Yum China Holdings Inc. (NYSE:YUMC) is ready to bounce back from the ashes of COVID-19 that threatened its existence in the first half of the year. The Chinese restaurant juggernaut is plotting a secondary share listing in Hong Kong. The company is looking to raise more than $2.5 billion from the offering taking advantage of
PayPal Holdings Inc. (NASDAQ:PYPL) has once again moved to affirm its dominance in the payment business in response to the growing e-commerce trend. The payment giant has moved to give the Australian payment company Afterpay a run for its money in the fast-growing installment loan business. Push For Installment Payments Buy now and pay in
The oil industry is one of the hardest hit ever since the COVID-19 pandemic triggered lockdowns and social distancing policies. Demand for the black gold plunged to all-time lows with prices following suit and crashing below the negative level. Thus, it does not surprise that oil stocks followed suit, plunging, and struggling to bounce back
Microsoft Corporation (NASDAQ:MSFT), Walmart Inc. (NYSE:WMT), and Oracle Corporation (NYSE:ORCL) have been dealt a big blow in their push to acquire viral video-sharing app TikTok. Immediate reports indicate that ByteDance, the parent company behind the app, must seek authorization from China to complete any transaction that will result in the sale of the video-sharing app.
Bitcoin is one of the best performing alternative asset classes giving the stock market a race for its money. A 30% plus rally since the start of the year attests to strong demand for the flagship cryptocurrency that is increasingly arousing institutional investors’ interest. Buoyed by the digital asset strong demand, Fidelity Investment is reportedly
London-based Railsbank is in the process of completing the acquisition of crypto and fiat currency payment provider Wirex. With the acquisition, Railsbank will assume the role of issuing all Wirex Visa cards for Asia pacific customers. Railsbank-Wirex Merger Part of the plan also involves Railsbank quietly migrating Wirex existing cards to its technology in the
The U.S real estate sector has come under immense pressure as the U.S economy faces its most significant contraction in recent years owing to the COVID-19 shocks. With more than 20 million Americans rendered jobless due to businesses’ shutdown and other economic activities, buying homes is no longer a priority. Millions of people are struggling
US Treasury yields are steadily feeling their way towards the month’s high. Data released by the Department of Treasury shows that yields of all long-term notes are climbing. Both the 20-year and the 30-year notes registered four basis points higher each by the end of business on Tuesday. Short-term Treasuries seem to be moving in
Exchange-traded funds (ETFs) track benchmark indices. Although not all assets under management belong to the index, about 95% of them are selected directly from the index. ETFs are more like mutual funds, but the difference being that investors can easily buy ETFs off an exchange. Often, ETFs present a strong case for investment because of
Blackstone Group has inked a deal to acquire Takeda Pharmaceutical co unit, Takeda Consumer Healthcare Company TCHC, focused on consumer healthcare. The deal valued at about $2.3 billion should help boost the Japanese company profit by about $1 billion. The deal is slated for closure in March of next year. Takeda TCHC Sell-Off According to
Chinese tech stocks are rallying, following in the footsteps of their counterparts in the U.S that are trading at record highs on shrugging COVID-19 concerns. While solid earnings have been a key driver of U.S tech stocks, in China, it is the relaxation of IPO tech rules that appears to be fuelling a buying spree
Bitcoin has been on an impressive run gaining more than 30% since the start of the year as it continues to flirt with one-year highs of two one-year highs of 11,800. However, its hefty price is no longer the talk of the cryptocurrency space, a mantle it has held for years. Decentralized Finance (DeFi) token,
Jacquelyn Brittany a New York Times security guard who blurted “I love you” to Joe Biden in an elevator has become the first person to nominate Biden as the Democratic Party presidential candidate. In December last year, a video of the exchange between Biden and Brittany as she escorted him to a board meeting went
Microsoft Corporation (NASDAQ:MSFT) is widening its cloud infrastructure business after its $10 billion Joint Enterprise Defense Infrastructure contract was put on hold in the U.S. The software giant has reportedly opened talks with foreign governments. The company is planning to offer its cloud infrastructure similar to the one it provides to the U.S Department of
TikTok will not go down or accept to be acquired by a U.S company without a fight. ByteDance, the Chinese company behind the viral video sharing app at crossroads with President Donald Trump, is plotting a legal challenge. According to people familiar with the matter, the company is looking to challenge Trump’s executive order prohibiting
Real estate was the catalyst behind the 2009 financial crisis. Fast forward, the global economy is yet again on edge owing to the disruptions triggered by the COVID-19 pandemic. The U.S Real estate has been one of the hardest hit, with the epidemic, suffering its most significant contraction in recent years in the first half
Cryptocurrency popularity continues to grow by the day worldwide, as people and authorities come to terms with how the new spectacle is changing the way people live and various operations. Likewise, cryptocurrency mainstream adoption is no longer a question of whether, but when. Russia has already set the pace on what cryptocurrency can be used
Global equities continued to race higher as the earnings season came to an end. The bond market also remains a buzz of activity as investors continue to shrug off record low interest rates on the Federal Reserve moving to bolster liquidity levels. Equities and Bonds Outlook Chinese stocks started the week on a roll rallying
Investments in Exchange Traded Funds have skyrocketed in recent months as value investors shy away from individual stocks that appear expensive and overstretched in the market. With most counters near the peak, the risk of incurring significant losses is pretty high on the market reversing. ETFs appear to be offering a safer approach for gaining
U.S stocks continue to edge higher and showing no signs of slowing down, even as major indices flirt with record highs. Goldman Sachs has since lifted its S&P 500 price target in anticipation of further upside action. The firm expects the index to close the year at highs of 3,600, representing a 20% gain. U.S
The Trump administration’s crackdown on Shenzen-based Chinese Telecom Company, Huawei is still heating up with the latest round of restrictions imposed on it. As of May this year, Huawei has been banned from using any American Technology on its chips. “They were going through third parties,” Commerce Secretary Ross said on a popular morning show.
Keeping track of personal finance has become important, now more than ever. With millions of people rendered jobless in the aftermath of the COVID-19 disruptions, the need to stretch every dollar is becoming clear. Likewise, personal finance podcasts are making it much easier to achieve money goals without straining one’s lifestyle. We of course left
Retails sales have jumped back to pre-pandemic levels. This is despite millions of people in America being rendered jobless in the aftermath of the COVID-19 pandemic. Data released by the Commerce Department indicates that retail sales rose 1.2% in July as a bounce back from seven-year lows in April continued to gather pace. Retail Sales