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Wall Street extended its rally Monday as U.S. stock indexes reached new record highs. The S&P 500 climbed about 0.5%, surpassing its previous all-time high. The Nasdaq composite added roughly 0.9%, also closing at a fresh peak. Meanwhile, the Dow Jones Industrial Average rose modestly. Investors appear confident as the Federal Reserve prepares to meet…
Apple stock dropped sharply after the company revealed its iPhone 17 series, with the market responding less enthusiastically than many expected. Investors sold shares, citing concerns over modest upgrades and an unclear AI strategy. According to Gulf News, Apple lost more than 112 billion dollars in market value in just two days. The stock slid…
Musk loses richest person for a short moment on September 10, 2025, Oracle co-founder Larry Ellison eclipsed Elon Musk as the world’s richest person. Oracle’s stock rocketed by over 36 percent after a stellar earnings report tied to massive AI and cloud deals. That surge added roughly $100 billion to Ellison’s net worth, putting him…
When it comes to African wealth, Nigeria dominates headlines. The latest listings from Forbes’ richest Nigerians reveal that four business moguls, Aliko Dangote, Mike Adenuga, Abdulsamad Rabiu, and Femi Otedola, stand at the pinnacle. Their fortunes reflect booming industries, bold investments, and economic resilience. Here is a closer look at who leads the pack. 1….
Ford has issued one of its largest recalls in years, recalling nearly 1.5 million vehicles in the U.S. after reports that rear-view cameras on certain models produce blank, distorted, or inverted images while reversing. This defect can seriously compromise driver visibility and increase crash risk, according to the National Highway Traffic Safety Administration (NHTSA). Affected…
U.S. stocks climbed and bond yields declined after a weak jobs report sparked rate-cut expectations, reinforcing hopes that the Federal Reserve may move to ease monetary policy soon. The softer-than-expected labor data boosted investor confidence, as markets increasingly anticipate interest rate cuts. Major indexes gained momentum while Treasury yields fell, signaling that traders are betting…
Markets Roiled by Global Debt Fears and Economic Anxiety Equity markets tumbled sharply today as investors grappled with mounting global debt concerns and rising government bond yields. U.S. indices recorded their worst day in nearly a month, while bond markets from Europe to the U.K. surged to multi-year highs—sending a clear warning across financial circles…
Kraft Heinz to Split Into Two Companies, Ending 2015 Mega Merger In a bold move to streamline operations and unlock growth potential, Kraft Heinz has announced plans to split into two independent, publicly traded companies by the second half of 2026. The decision, approved by the board of directors on September 2, will effectively unravel…
Buffett Disappointed as Kraft Heinz Splits, Shares Slide 5% In a dramatic turn of events, Kraft Heinz announced a breakup of its 2015 megamerger, splitting into two distinct publicly traded companies—Global Taste Elevation Co. and North American Grocery Co.. The decision sent Kraft Heinz shares tumbling nearly 5% in early trading, and prompted billionaire investor…
Nigeria is making waves in the deep-water frontier On September 1, 2025, the Federal Government, through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), signed a landmark $10 million production‑sharing contract (PSC) with TotalEnergies (80%) and local partner South Atlantic Petroleum (Sapetro, 20%) for two offshore blocks (PPL 2000 & 2001), covering roughly 2,000 km² in the prolific…