After touching a new all-time low of N710 per dollar in late July, a new report says the Nigerian currency has rebounded by as much as 10%. After initially blaming speculators, the Central Bank of Nigeria has said importers who fail to remit forex earnings may be contributing to the naira’s depreciation. Naira Depreciation Less
Exactly one month ago today, bitcoin was trading below $20,000 per unit as crypto markets continued to react to growing levels of inflation and central bank policy. However, a month later, the world’s leading crypto token has moved above $23,000, despite consumer prices rising to multi-decade highs. So with this in mind, where could bitcoin
Here we go again. The debate about the Parthenon Marbles in the British Museum — should they, shouldn’t they be returned to Greece, where a sparkling purpose-built museum overlooking the Acropolis from which the sculptures were wrenched by Lord Elgin from 1801-05 sits waiting for them — seems to go on for ever. It was
Even in a city noted for places freighted with the darker chapters of history, Plötzensee Prison is a distinctively grim spot on the Berlin map. The red and yellow brick mid-19th century facility, tucked away in the city’s western reaches near the now abandoned Tegel airport, gained infamy under the Nazis as one of the
Bordeaux Index, the world’s largest fine-wine trader, is toasting surging sales as investors flock to rare vintages in part as a hedge against rampant inflation. Revenues at the fine wine merchant reached £80mn in the six months to June 30, up 37 per cent on the same period last year. That puts the London-headquartered company
Last week, Democrats unveiled climate and health care legislation called the “Inflation Reduction Act,” and there’s a lot of debate over the name of the proposed public policy measures. After the legislation was revealed, 230 economists sent a letter to the country’s House and Senate leaders warning that the proposed policies will actually fuel inflation.
In days gone by, Conservatives used to be in favour of conserving things. Liz Truss, whose political identity was formed during the tumult of Margaret Thatcher’s premiership, is in a hurry to challenge orthodoxies, overhaul institutions, and generally shake things up. “There are things I very much care about conserving,” the foreign secretary said, looking
Liz Truss, the Tory leadership frontrunner, has rejected “handouts” as the best way to help households through the worst income squeeze in 60 years, promising instead tax cuts and radical economic reform. Truss, in an interview with the Financial Times, defied the “abacus economics” of the Treasury, insisting she would press ahead with tax cuts
Recep Tayyip Erdoğan and Vladimir Putin have pledged to deepen economic ties between their countries as Moscow seeks to soften the blow of western sanctions imposed over its invasion of Ukraine. After a four-hour meeting at Putin’s residence in Sochi on Friday, the Russian and Turkish presidents released a joint statement pledging to raise their
Municipals sold off Friday with the front end of the curve being hit the hardest, though damage was felt across the curve. Triple-A benchmarks outperformed a U.S. Treasury rout where yields rose double-digits, and equities were down near the close. Nearly all triple-A benchmark yields were cut six to 10 basis points and UST yields
Retired Wisconsin Capital Finance Director Frank Hoadley — who left an influential mark on the public finance industry as a champion of issuer advocacy and best marketplace practices — died unexpectedly this week. He was 77. Hoadley was traveling with his wife, Elizabeth, in Scotland when he died. “Frank Hoadley was a giant among the
Rishi Sunak, one of the Conservative leadership hopefuls, has sparked cross-party outrage after he was filmed telling party members in Tunbridge Wells how he had shifted money from “deprived urban areas” to fund projects in the Kent commuter belt. The former UK chancellor’s comments, made in a sun-drenched garden, appeared to cut across the government’s
The Bank of England has come under growing criticism from Conservative MPs who claim the central bank has been too slow in tackling surging inflation. Andrew Bailey, the bank’s governor, warned this week consumer price inflation, which already hit a 40-year high of 9.4 per cent in June, will exceed 13 per cent by the
The now defunct and bankrupt Voyager Digital has been approved by the court to distribute $270 million in funds to creditors and affected customers. The news follows the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board ordering Voyager to remove any statements that allege Voyager is FDIC insured. The U.S. Bankruptcy Court in
The Ontario City Council approved a sales tax measure Tuesday for the November 8 ballot to fund $1.2 billion of infrastructure projects, and other local governments in California are expected to take similar steps. The November midterms are expected to be particularly popular this year for tax and bond measures among cities, counties and school
For two days straight, Chinese military officials have been delivering a message of triumph to the public. The exercises with which the People’s Liberation Army is punishing Taiwan for hosting US House Speaker Nancy Pelosi feature “multiple firsts”, they gloated on state television. “Our firepower covers all of Taiwan, and we can strike wherever we
Cryptocurrencies have failed to break the $1.1 trillion market capitalization resistance, which has been holding strong for the past 54 days. The two leading coins held back the market as Bitcoin (BTC) lost 2.5% and Ether (ETH) retraced 1% over the past seven days, but a handful of altcoins presented a robust rally. Crypto markets’
A budget impasse that’s left Trenton, New Jersey, without an approved budget well into the new fiscal year continues, despite a recent brush with default. Beset by political rivalries, the state capital’s seven-member City Council, which must approve annual spending according to local law, has as of yet failed to produce the majority vote necessary
Cup and Handle Pattern: -It is a continuation pattern. -Discovered in 1988 by William O’Neil. I recommend his book How to Make Money in Stocks. -You need a previous trend in order to have a continuation pattern. -When the pattern trickles down the “handle” the volume will be slowly declining. -Once it breaks the “handle,”
Clean energy ETFs are among the top-performers this year too, after a spectacular performance last year. Invesco Solar ETF: https://www.zacks.com/funds/etf/TAN/profile?cid=CS-YOUTUBE-FT-VID Invesco WilderHill Clean Energy ETF: https://www.zacks.com/funds/etf/PBW/profile?cid=CS-YOUTUBE-FT-VID ALPS Clean Energy ETF: https://www.zacks.com/funds/etf/ACES/profile?cid=CS-YOUTUBE-FT-VID Tesla: https://www.zacks.com/stock/quote/TSLA?cid=CS-YOUTUBE-FT-VID Enphase Energy: https://www.zacks.com/stock/quote/ENPH?cid=CS-YOUTUBE-FT-VID SolarEdge Technologies: https://www.zacks.com/stock/quote/SEDG?cid=CS-YOUTUBE-FT-VID Plug Power: https://www.zacks.com/stock/quote/PLUG?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: http://stocktwits.com/ZacksResearch Follow us on Twitter: https://twitter.com/ZacksResearch Like us on