Kenya’s largest telecom firm, Safaricom Plc, is engaging in discussions with Elon Musk’s Starlink and other satellite companies for potential future collaborations, CEO Peter Ndegwa revealed in an interview as reported by Bloomberg. The company aims to integrate satellite technology into its services through strategic partnerships. “From a satellite perspective,…
In an unexpected turn of events, Mexico’s trade deficit rose to $4.868 billion in August 2024, a significant increase from the $1.278 billion deficit reported in the same month the previous year, which means a gap of 73.5 per cent compared to last year. These numbers, published by the Instituto…
Super Micro Computer Inc (NASDAQ: SMCI) has been a big disappointment for its shareholders in 2024. The past six months have been an endless streak of bad news for this artificial intelligence company that was once being touted as a better pick than Nvidia. First, it was disappointing earnings for…
Inflation in the US continued its downward trend in August, latest data has shown, providing hope for additional interest rate cuts by the Federal Reserve. The Personal Consumption Expenditures (PCE) price index, the Fed’s favored measure of inflation, rose by just 2.2% year-over-year, down from 2.5% in July. This is…
Things weren’t all cupcakes and rainbows in the financial results that Costco Wholesale Corporation (NASDAQ: COST) reported last night. The retail giant came in slightly shy of estimates for revenue, membership fee, and overall comparable sales in its fiscal Q4, leading to a 2.0% decline in its share price on…
China announced several measures, including lowering the amount of cash that banks must have in reserve, to resurrect its housing market and the broader economy this week. According to Carlos De Alba – a Morgan Stanley analyst, metals and mining stocks will likely benefit from increased demand once the largest…
In the week ending on September 27th, two currencies drew significant attention: the Argentine peso (USDARS) and the Colombian peso (USDCOP). Their movements present a fascinating narrative of both gains and losses in the world of Latin America’s currency trading. On September 27, the Argentinian Peso USDARS increased slightly by…
Shein, the fast-fashion giant known for its ultra-affordable clothing and rapid production cycle cannot seem to catch a break. The company already suffered a setback last year when it had to scrap its original plans to list in New York after US lawmakers raised concerns over alleged labour malpractices and lawsuits…
Moody’s (MCO) stock price has done well over the years, helped by its organic growth and its role in the financial services industry. It has jumped from below $10 in 1998 to almost $500 today, meaning that a $100 investment at the time would now be worth over $7,300. A…
The Vanguard S&P 500 (VOO) and the Schwab US Dividend Equity (SCHD) ETFs have done well this year and are sitting near their all-time high. The SCHD fund was trading at $83.75, a few points below its all-time high of $84.56, while VOO was at $530. They have risen by…