JPMorgan Chase reported on Thursday that the bank's second-quarter profit fell as it increased reserves for bad loans by $428 million while discontinuing share repurchases. In a statement, he sai...
The world's largest online retailer, Amazon, released its second-quarter earnings on Thursday. Amid inflation and a $2 billion net loss, the results were notably better than anticipated. The loss ...
Alibaba Group Holding Limited, also known as "Alibaba" or the "Alibaba Group," released its fiscal results for the three months ending June 30, 2022, on Thursday. The company’s stock rose i...
According to Reuters, Massmart Holdings Limited, a South African (SA) company and the continent's second-largest consumer products distributor, has revealed plans to close down 14 Game stor...
Recent data has revealed that there has been a significant decline in foreign investors who are interested in Nigerian stocks, which has been in for six consecutive years. The data shows the considera...
Main Points:1. Market Impact:- The Nigerian stock market capitalization increased by N599 billion due to the listing of shares by International Breweries Plc.- Market capitalization reached N54.047 tr...
In a strategic move to strengthen its financial sector, China is merging two of its largest state-owned brokerages, Guotai Junan Securities Co. and Haitong Securities Co., to create a financial powerh...
Revenue: $35.08 billion (+94% YoY), beating analyst expectations of $33.29 billion.Earnings Per Share (EPS): $0.81 adjusted, surpassing the $0.75 estimate.Net Income: $19.31 billion, mo...
Market Recap: Stocks Slide on Inflation Worries; Warner Bros. Discovery SoarsThe U.S. stock market dipped on Thursday, December 12, 2024, as hotter-than-expected wholesale inflation data for November ...
The Nigerian stock market experienced a modest gain of 0.1% last week, adding ₦77 billion to the total value of listed equities as investors braced for a potential interest rate hike by the Central ...