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Exxon Mobil and Chevron suffered losses in the latest quarter as the weakened economic outlook due to the coronavirus pandemic pressures the industry to double down on cost cuts.
Netflix shares dived on Thursday after the leading streaming entertainment service reported relatively flat quarterly profits despite rising subscriber numbers.
Asian markets rose Monday, recovering some of the losses at the end of last week, as investors followed a strong performance on Wall Street fuelled by hopes for a coronavirus vaccine, though a spike in infections around the world capped gains.
Nvidia’s stock has been among Wall Street’s strongest performers in recent years as it expanded from its core personal computer chip business into datacenters, automobiles and artificial intelligence. Intel, which for decades has dominated in processors for PCs and servers, has struggled to diversify its business after making critical stumbles in the smartphone revolution.
US biotech firm Moderna reported promising early results on Monday from the first clinical tests of an experimental vaccine against the novel coronavirus performed on a small number of volunteers.
Approximately 1.8 million American households cancelled cable TV subscriptions during the first quarter of 2020 according to a report by Variety.
World stocks gained on Tuesday after Chinese trade data came in better than expected and some countries tried to restart their economy by partly lifting restrictions aimed at containing the coronavirus outbreak.
Japan’s main Nikkei index was trading more than 2.5% higher in late day trading, while Australia’s S&P/ASX was trading up well over 3.7%. The KOSPI in Seoul was up 2.6% and Hong Kong’s Hang Seng had gained well over one percent. Shanghai’s index was closed for a public holiday.
German tech investor Rocket Internet said on Thursday it had sold its stake in African ecommerce company Jumia, which has seen its shares steadily fall since they listed last April on Wall Street.
Twitter Inc Chief Executive Officer Dorsey Jack said on Thursday he is reconsidering a proposed stint in Africa this year due to coronavirus concerns, walking back his plans amid a call by activist investor Elliott Management for his ouster.
Shares of Facebook, which have been doggedly crawling their way back from a historic slump after lapses in users’ privacy sparked fears of lower profits, on Friday struck an intra-day record high for the first time in over a year.
Former New York mayor Michael Bloomberg is preparing to enter the crowded race to become the Democratic nominee for the 2020 presidential election, US media reported Thursday.
Tokyo stocks fell on Friday as investors cashed out following declines on Wall Street overnight amid concerns over an impeachment inquiry into U.S. President Donald Trump.
The Jigawa State Government on Tuesday launched the distribution of palliatives to 42,312 poor and most vulnerable households in the state.
Catholic Bishops’ Conference of Nigeria on Tuesday expressed sadness over the Southern Kaduna killings.
The Nigeria Customs Service resumed the electronic auction of vehicles impounded from smugglers on its web portal but several Nigerians have lamented their inability to participate in the process.
Some of the applicants who wrote the Computer Based Test for Oyo State teaching job have commended the state government for its preparedness and adherence to COVID-19 safety protocols in the conduct of the examination.
Federal Ministry of Agriculture and Rural Development on Tuesday inaugurated a mini water treatment plant in Gashua, Bade Local Government Area of Yobe.
People having sex with anyone outside their household should wear a face mask and avoid kissing during intercourse to prevent getting coronavirus, a charity has warned.
Former Federal Commissioner for Information and South-South leader, Chief Edwin Clark has taken a swipe at the Federal government for naming the railway complex in Agbor, Delta State after former President Goodluck Jonathan, describing it as demeaning, callous and an insult.
The Turkish lira, on Thursday, dropped to a new all-time low of 7.27 to the United States dollar, continuing free fall since the beginning of the week.
An announcement by Cosmas Atabor, House Committee Chairman on Judiciary Justice and Protocols, indicated that the public hearing will hold on Tuesday and Wednesday, 11th and 12th August at the Assembly complex. All 7 Bills have recently passed through the second reading in the House.
Many schools in Kaduna have resumed academic activities in full compliance with the state’s directive on COVID-19 guidelines.