• arrow_back Home
  • keyboard_arrow_rightcategories
  • keyboard_arrow_rightFinance

Finance

Results 11-21 of 60 remove Page 2 of 6

Category filter keyboard_arrow_down
trending_flat

News

NNPC Welcomes New Leadership as Ojulari Takes Helm and Board Changes

The Nigerian National Petroleum Company (NNPC) Limited has officially welcomed Mr. Bayo Ojulari's appointment as the new Group Chief Executive Officer, along with a reconstituted board of directors appointed by President Bola Ahmed Tinubu. In a statement released on Wednesday by Olufemi O. Soneye, Chief Corporate Communications Officer, NNPC expressed appreciation to the outgoing GCEO, Mele Kyari, and former board members for their service to both the company and the nation. "Mr. Kyari's leadership and tireless efforts have left an indelible mark on NNPC Ltd., and we are sincerely grateful for his outstanding contributions," the statement noted. The energy company also conveyed best wishes to Kyari and the departing board members, recognizing their dedication and expressing hope for their continued success in their future endeavors.

Peter Atitebi April 2, 2025

trending_flat

Finance

Investors Bet Big on European Resurgence: $11 Billion Flood into ETFs in ‘MEGA’ Trend

U.S. investors poured a record $10.6 billion into exchange-traded funds focused on European stocks in the first quarter, seven times the inflows recorded a year earlier, according to data from BlackRock. As U.S. President Donald Trump's tariffs and economic policies fuel uncertainty across markets, European equities have emerged as a bright spot. Tim Seymour, founder and chief investment officer of Seymour Asset Management, dubbed the burgeoning trend Make Europe Great Again, or MEGA. The resurgent interest in European ETFs reflects a sharp reversal in sentiment. Since Russia's invasion of Ukraine in February 2022, the funds had seen net outflows of $6.4 billion. "It's a really massive swing," said Kristy Akullian, head of iShares Investment Strategy at BlackRock. In three of the last five calendar years, investors steered money out of European ETFs that trade in U.S. markets and into domestic […]

Peter Atitebi April 1, 2025

trending_flat

News

Musk Claims Tesla Stock Suffers Due to His Role in Trump’s Government Efficiency Department

Elon Musk believes his involvement with the Trump administration negatively impacts Tesla's stock performance. At a Wisconsin town hall, Musk stated that his position in the Department of Government Efficiency (DOGE), which advocates for significant government workforce reductions, is generating backlash against Tesla and affecting its stock value. "What they're trying to do is put massive pressure on me and Tesla, I guess, toโ€ฆ stop doing this," Musk said, according to Bloomberg News. "My Tesla stock and the stock of everyone who holds Tesla has gone roughly in half. I mean, it's a big deal." The declining stock isn't the only indicator of public discontent with Musk's political activities. Protesters gathered at Tesla dealerships over the weekend, and there have been reports of vandalism targeting vehicles and dealerships nationwide. Musk's political engagement extends beyond DOGE. He campaigned with Trump during […]

Peter Atitebi March 31, 2025

trending_flat

Finance

Rusagro Shares Plummet After Founder’s Detention, Losing Nearly One-Third of Market Value

Russian agricultural giant Rusagro experienced a dramatic stock market downturn following the detention of its billionaire founder, Vadim Moshkovich, with shares plummeting more than 32% on the Moscow stock exchange. The company's stock price dramatically dropped from 230.50 roubles on Wednesday to an intra-day low of 156.32 roubles on Thursday, reflecting significant investor uncertainty in the wake of the founder's legal troubles. News of Moshkovich's police charges emerged on Wednesday, immediately triggering a substantial market reaction. As a leading producer of sugar, meat, oil, and fat products in Russia, Rusagro's rapid value decline highlights the potential economic impact of high-profile legal actions against corporate leadership.

Peter Atitebi March 27, 2025

trending_flat

Politics

Trump Announces 25% Tariffs on Imported Vehicles and Auto Parts

President Donald Trump has announced a new 25% tariff on all vehicles and auto parts imported into the United States, a move that could significantly impact the automotive industry and consumer prices. The tariffs are expected to have wide-ranging consequences for automakers and consumers. Nearly half of all cars sold in the U.S. last year were imported, according to research firm GlobalData. The announcement immediately affected stock markets, with shares of major automotive companies experiencing notable declines. General Motors saw an 8% drop in after-market trading, while Ford and Stellantis experienced approximately 4.5% falls. International manufacturers like Toyota, Honda, and Hyundai also saw their shares drop between 3% and 4%. The economic impact could be substantial. Cox Automotive predicts the tariffs could add $3,000 to the cost of a U.S.-made vehicle and $6,000 to vehicles manufactured in Canada or Mexico. […]

Peter Atitebi March 27, 2025

trending_flat

News

US Business Activity Increases in March While Business Sentiment Declines

U.S. business activity improved in March, though increasing concerns about import tariffs and government spending reductions continued to negatively impact sentiment and outlook for the remainder of the year. According to Monday's S&P Global survey, a measure of input prices paid by businesses reached its highest level in nearly two years this month, with increases across both manufacturing and services sectors. The data also indicated companies were hesitant to expand their workforce. The activity improvement likely won't ease concerns that the economy faces a period of sluggish growth combined with high inflation. Consumer sentiment has also weakened as households worry about future conditions. Since returning to office, President Donald Trump has implemented numerous tariffs on imported goods, with some duties postponed until next month. The administration has also launched an aggressive initiative to reduce government spending, terminating thousands of federal […]

Peter Atitebi March 24, 2025

trending_flat

News

Trump Delays Tariffs to Automakers from Canada and Mexico for One Month

The White House announced Wednesday that President Donald Trump has granted automakers a one-month exemption from his 25% tariffs on Canada and Mexico, provided they comply with existing free trade rules. This temporary relief halted Wall Street's steepest decline in nearly three months. The administration is also considering exemptions for other products from the tariffs that took effect Tuesday. However, Trump emphasized he is not ending his trade pressure campaign against both countries, which he says is aimed at reducing fentanyl smuggling. Following a conversation with Canadian Prime Minister Justin Trudeau, Trump stated on Truth Social: "He said that it's gotten better, but I said, 'That's not good enough.' The call ended in a 'somewhat' friendly manner!" Public data shows just 0.2% of fentanyl seized in the U.S. comes from Canada, with the majority entering through the southern border. A […]

Peter Atitebi March 6, 2025

trending_flat

News

Shocking Scam: How 25 Canadians Stole $21 Million from Vulnerable Retirees

Federal prosecutors have unveiled a sophisticated criminal operation involving 25 Canadian suspects who allegedly defrauded hundreds of U.S. retirees out of $21 million through an elaborate "grandparent scam" originating in Montreal, Quebec. The federal indictment, unsealed on Tuesday, details a complex scheme targeting elderly Americans across 40 states. According to the U.S. attorney for Vermont, the operation employed advanced technological tactics to deceive victims into believing their grandchildren were in serious legal trouble. The scam's modus operandi involved cold callers who would contact potential victims with a fabricated narrative. Scammers would claim a grandchild had been involved in a vehicle collision and arrested, urging immediate financial assistance. To enhance the illusion, victims were told a strict gag order prohibited them from discussing the situation with anyone. Thomas Demeo, special agent of the IRS Criminal Investigation Division's Boston field office, described […]

Peter Atitebi March 5, 2025

trending_flat

News

Global Markets PLUNGE as Trump’s Tariff Hits Canada, Mexico, and China!

Financial markets declined sharply as President Donald Trump confirmed the implementation of 25% tariffs on Canadian and Mexican imports, along with an additional 10% tariff on Chinese goods, effective Tuesday. Trump announced at the White House that negotiations had concluded without agreements. "No room left for Mexico or for Canada. The tariffs are all set." Canadian Foreign Minister Melanie Joly announced retaliatory measures, preparing $155bn in counter-tariffs on US products, with an initial $30bn targeting everyday items including pasta, clothing, and perfume. She emphasized that while Canada wishes to avoid trade conflict, they would respond to US actions. Mexico and China have similarly pledged retaliatory measures. Trump justified the tariffs citing concerns over illegal drugs and immigration, despite a one-month negotiation period with Canada and Mexico. Chinese goods already face a 10% tariff imposed in February. Trump maintains that tariffs […]

Peter Atitebi March 4, 2025

Tesla Stock Slumps as European Sales Plummet to Shocking Lows
trending_flat

News

Tesla Stock Slumps as European Sales Plummet to Shocking Lows

Tesla shares dropped over 9%, pushing the company's valuation below $1 trillion for the first time since November 2024 as European sales fell dramatically in January. The electric vehicle maker saw sales decline by more than 45% across EU, EFTA and UK markets, and over 50% in the EU specifically. This contrasts sharply with the broader European electric car market, which grew by more than a third during the same period according to trade body Acea. This sales slump follows Tesla's first annual sales decline in over a decade, suggesting mounting challenges for the company. AJ Bell investment director Russ Mould attributed the decline primarily to increasing competition, particularly from Chinese manufacturer BYD, which includes as standard features that cost extra from other makers. However, Mould suggested some consumers may be taking a "principled stand" against CEO Elon Musk's controversial […]

Ayoola Atitebi February 26, 2025

ยฉ 2024 Clarity News Daily

Login to enjoy full advantages

Please login or subscribe to continue.

โœ–

Go Premium!

Enjoy the full advantage of the premium access.

โœ–

Stop following

Unfollow Cancel

โœ–

Cancel subscription

Are you sure you want to cancel your subscription? You will lose your Premium access and stored playlists.

Go back Confirm cancellation

โœ–