Potential Recession Looms for US Economy in Coming Years
The relationship between inflation and unemployment, often measured by the “Phillips curve,” plays a crucial role in his analysis.
Category: Finance
Jeff Bezos Plans to Sell $5 Billion in Amazon Shares Following Record Stock Surge
Jeff Bezos to Sell Nearly $5 Billion in Amazon Shares Following Record Stock Surge
Microsoft Informs Clients of Russian Hackers Accessing Emails
Microsoft Corp has alerted a number of its customers that a Russian state-sponsored hacking group has infiltrated its internal systems and accessed their emails, according to a Bloomberg News report on Thursday, citing a company spokesperson. The tech giant is also offering previously notified clients detailed information on the specific data that was compromised, the…
Moniepoint, Opay, Palmpay, and Others to Block PoS Operators’ Accounts Ahead of CAC Deadline
Nigerian banks and fintech companies are preparing to block the accounts of Point of Sale (PoS) operators who have not registered their businesses with the Corporate Affairs Commission (CAC) by the impending deadline of July 7, 2024. This move follows a directive from the Central Bank of Nigeria (CBN), issued on April 30, 2024, which…
CBN Halts Forex Sales to BDC Operators Amid Naira’s Decline Against Dollar
The overarching goal of these reforms is to enhance FX liquidity in the medium to long term and to bolster confidence in Nigeria’s FX market.
Nvidia Surpasses Apple and Microsoft to Become World’s Most Valuable Company
The chipmaker’s meteoric rise saw its stock jump by 3.92 percent, reaching around $136 per share.
2024 WWDC Event: Exploring Apple’s Latest AI for Everyone Innovations
Apple Inc. unveiled its long-anticipated artificial intelligence features at the Worldwide Developers Conference, introducing a new platform called Apple Intelligence. This launch includes a notable partnership with OpenAI, the creators of ChatGPT, as part of Apple’s strategy to offer a personalized and accessible approach to AI technology. The centerpiece of the announcement was Apple Intelligence,…
Euro Falls to One-Month Low Following Macron’s Election Announcement
The euro experienced a decline on Monday following a surprising election announcement by French President Emmanuel Macron. This decision came in the wake of his significant loss to the far-right in the European Union elections. In contrast, the dollar remained stable ahead of the Federal Reserve’s meeting later in the week. In early Asian trading,…
NASA Deploys Mini Satellite to Investigate Polar Climate Change
A small but mighty NASA satellite was launched from New Zealand on Saturday with the groundbreaking mission of enhancing climate change predictions by measuring heat emissions from Earth’s polar regions for the first time. “This new data, which we’ve never had access to before, will significantly improve our climate modeling capabilities, particularly concerning the polar…
CBN Withdraws 0.5% Cybersecurity Levy
The Central Bank of Nigeria (CBN) has retracted its directive for banks and payment service providers to collect and remit the proposed 0.5% cybersecurity levy outlined in the Cybercrime Prevention and Prohibition Amendment Act of 2024. This decision was communicated through a revised circular dated May 17, which the CBN released on Monday, 20th May,…
