Nigerian naira is falling apart: can the NGN currency be saved?
Nigerians are bracing for more economic weakness after the local currency plunged to a record low against the US dollar. The official USD/NGN exchange rate soared to a record high…
British American Tobacco stock: hard to resist this 9.5% compounder
The British American Tobacco (LON: BATS) share price has done well this year, making it one of the best performing companies in the FTSE 100 index. It has jumped by…
Chinese stocks and Fed rate cuts: what investors should know
Chinese stocks could benefit as the US Federal Reserve prepares to announce its first rate cut this week, according to Steven Sun, the head of research at HSBC Qianhai Securities.…
Nayib Bukele unveils El Salvador’s first debt-free budget for 2025, signaling economic shift
In a historic move, El Salvador’s President Nayib Bukele has announced the country’s first debt-free budget for 2025, aiming to break away from its reliance on borrowing. The proposed budget,…
Is the US market about to lose its dominance as global banks start to converge?
The Federal Reserve is set to join the European Central Bank (ECB) and the rest of the world in gradually moving away from the aggressive rate hikes seen in the…
China’s new chipmaking machines: can they compete with Western tech?
China has recently announced the development of two new lithography machines, aimed at reducing its reliance on the US in semiconductor manufacturing. This move is part of China’s broader efforts…
Gold poised for record rally after minor setback if Fed opts for 25 bps cut: Goldman Sachs
Gold is likely to experience a short-term decline if the Federal Reserve opts for a modest 25-basis-point interest rate cut this week, but Goldman Sachs analysts expect the metal to…
German carmakers face crisis: BMW’s braking scandal highlights industry challenges
Germany’s prestigious automotive industry, once celebrated globally for its exceptional quality and innovative design, is now grappling with significant issues. Amidst fierce competition from Chinese electric vehicles and global economic…
Love the SCHD ETF? USA is a great 10% yielding alternative
The Schwab US Dividend Equity ETF (SCHD) stock price rose for five consecutive days and was trading at $84.15, a few points below its all-time high of $84.56. It has…
S&P 500 Equal Weight (RSP) ETF hit ATH and has many catalysts
The Invesco S&P 500 Equal Weight ETF (RSP) surged to a record high on Monday as investors focused on the upcoming Federal Reserve interest rate decision. The fund jumped to…