The central bank's clarification comes as Nigeria's naira continues to weaken due to unmet dollar demand.
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The U.S. Is Losing the Global Race to Decide the Future of Money—and It Could Doom the Almighty Dollar
"I don’t think the U.S. is aware there is a race"
The Biden administration has set aside $700 million for people in hard-hit industries.
- Motley Fool
If you buy high-quality companies and hang onto them for long periods of time, your chances of growing your initial investment by leaps and bounds goes up significantly. What's more, Novavax's vaccine development platform should allow it to quickly tackle new variants and develop potential combination treatments in the future.
Stop losing money on mediocre businesses.
You might have heard this billionaire's name, but who is Mark Cuban and how did he make his money? It's possible you know him as one of the sharks on the hit show "Shark Tank," but Cuban is more than...
- Motley Fool
If you're Cathie Wood, founder, and CEO of ARK Invest, you keep buying more. Shares of life-science equipment manufacturer Berkeley Lights (NASDAQ: BLI) took a hit last week, and two ARK Invest ETFs quickly bought more. Wood also bought two genomics stocks that have tanked this year, Personalis (NASDAQ: PSNL) and Invitae (NYSE: NVTA).
On Monday, this somewhat obscure, overseas risk suddenly shook up financial markets from Asia to Europe and the U.S., where all three major benchmark stock indexes, the S&P 500 (SPX) Dow industrials (DJIA) and Nasdaq Composite (COMP) appeared to be headed for the worst one-day drop in more than two months. On one level, Evergrande—which reportedly faces at least $83.5 million in interest payments due on Thursday, with a 30-day grace period — is raising concerns about a liquidity crisis among all Chinese and Hong Kong property companies, as markets quickly turn off access to dollar funding. In a more macro way, the firm’s woes are bringing to the fore China’s wide-scale regulatory crackdown across most of its businesses, starting with technology giant Alibaba Group Holding Ltd. (HK:9988) which is rattling confidence in the world’s second-largest economy.
(Bloomberg) -- Visitors to Byton Ltd.’s website are greeted with color-saturated images of shiny electric cars gliding along manicured streets. Those paying a visit to the automaker’s factory in Nanjing, eastern China may be less impressed. The plant is modern and huge, gleaming under the hot summer sun. But there’s total silence. Production has been suspended since the pandemic began and there’s no one around except for a lone security guard.Most Read from BloombergThe Global Housing Market Is
(Bloomberg) -- A global rout in stock markets sparked by concerns over China Evergrande Group hit the world’s biggest fortunes Monday, with the richest 500 people losing a combined $135 billion.Most Read from BloombergThe Global Housing Market Is Broken, and It’s Dividing Entire CountriesMerkel’s Legacy Comes to Life on Berlin’s ‘Arab Street’Is There Room for E-Scooters in New York City?Istanbul Turns Taps on Old Fountains, Joining Global Push for Free DrinksAmazon, Microsoft Swoop In on $24 Bil
The S&P 500 had its worst day in months Monday, tumbling 1.7% on fears that property giant China Evergrande Group ‘s (ticker: 3333.Hong Kong) troubles may spill over into other markets. Friday, the S&P 500 fell below its 50-day moving average, a technical indicator that shows investors are losing confidence in the market outlook. The S&P 500 is 3.9% below its all-time high as of Monday’s close, at its lowest level since mid-June.
In your 20s, as you start your career and make real money for the first time, your spending changes. After living with Mom and Dad or in a college dorm, you can afford a place of your own and might...
The National Institute on Retirement Security, using the Fed's Survey of Consumer Finances, found "stark inequality" in intragenerational ownership of financial assets and among racial cohorts within the three generations studied.
The energy sector’s production companies benefit from dealing in commodities – oil and gas – that are always in demand. They have high overhead, but they also have a ready market for the product and consequent strong cash positions. Using that strong cash-flow, the companies have been following two strategies to boost their shares; First, they are simply buying back shares to support the price. And second, they are paying out high dividend yields, offering investors a steady income stream from t
If you want to retire comfortably, you are going to have to give up a few things. Take a look at which items you should give up to gain more.
In order to function, every person, household and business has to keep track of how much money is coming in, how much is going out and where it's being spent. Budgets come in all shapes and sizes...
- Coin Rivet
Recep Erdogan – the firebrand Turkish president – has declared war on Bitcoin.
Bitcoin prices are getting smashed on Monday. So far support is holding, but is it dependable enough to buy? Let's look at the chart.
(Bloomberg) -- Sinic Holdings Group Co. has halted trading after an 87% slump in its shares Monday afternoon. Most Read from BloombergThe Global Housing Market Is Broken, and It’s Dividing Entire CountriesMerkel’s Legacy Comes to Life on Berlin’s ‘Arab Street’Is There Room for E-Scooters in New York City?Amazon, Microsoft Swoop In on $24 Billion India Farm-Data TrovePalm Oil Giant’s Industry-Beating ESG Score Hides Razed ForestsThe Shanghai-based developer didn’t give any reason for the trading
- Simply Wall St.
A look at the shareholders of AT&T Inc. ( NYSE:T ) can tell us which group is most powerful. Generally speaking, as a...
The auto maker's shares are down about 16% since Aug. 4, when the company disclosed more details of the recall's $1.8 billion price tag.