US Jobs Report Fuels Concerns Over Federal Reserve’s Timing on Rate Cuts
New indications of a slowing labor market are intensifying worries that the Federal Reserve may have delayed too long in reducing interest rates. The Bureau […]
Finance
Big Tech’s AI Spending Frenzy: Too Big to Fail?
In the latest earnings season, the scale of Big Tech’s investment in AI has become starkly apparent, with major players significantly ramping up their expenditures. […]
Intel Stock Nosedives After Announcing Major Cost-Cutting Measures
Chipmaker Intel (INTC) Reports Disappointing Q2 Earnings, Reveals $10 Billion Cost Reduction Plan On Thursday, Intel (INTC) disclosed its second-quarter earnings, revealing a miss on […]
Just in: Central Banks Navigate Uncertain Path Towards Normalcy
Major central banks are steering away from pandemic-era monetary policies, yet the journey back to normalcy remains ambiguous. Recent decisions by central banks, including the […]
US Stocks Rally as Fed Hints at Potential Rate Cut in September; Nvidia Surges 12%
US stocks experienced a significant surge on Wednesday following the Federal Reserve’s decision to maintain current interest rates. The announcement, coupled with a rebound in […]
CBN Dismisses Over 200 Staff Members Amid Ongoing Restructuring
The Central Bank of Nigeria (CBN) has dismissed more than 200 staff members as part of its ongoing restructuring efforts. The dismissals, confirmed by sources […]