Hardship, insecurity cloud Nigeria president’s first year in office

Nigerian Josephine Akiga looks around her empty restaurant in Abuja, where a sole customer sits eating, longing for the days when the place was filled with people. Business has been so tough since President Bola Tinubu took office a year ago that she sometimes lets customers pay what they have for a meal just to […]

Morgan Stanley: Soft growth is a risk for US stocks

Morgan Stanley analysts warn that slowing economic growth poses a risk for US stocks, particularly for cyclical and value-oriented sectors. The bank’s note highlights the importance of focusing on large-cap quality and defensive stocks in this environment. “With economic surprise indices and bond yields falling, many stocks are now becoming more sensitive to softer growth […]

Australia’s Tabcorp appoints former AFL boss Gillon McLachlan as CEO

Australian gambling services firm Tabcorp Holdings on Monday appointed former Australian Football League (AFL) boss Gillon McLachlan as its chief executive and managing director. The appointment comes months after former chief Adam Rytenskild resigned over allegedly using “offensive” and “inappropriate” language at the workplace and as the firm navigates a strategic transformation amid heightened competition […]

Stocks making the biggest moves before the bell: Robinhood, Nvidia, Lululemon, Five Below and more PUBLISHED THU, JUN 6 20248:21 AM EDT

Check out the companies making headlines in premarket trading. Robinhood — The online brokerage rose more than 3% after revealing a $200 million deal to purchase crypto exchange Bitstamp. The deal is expected to close in the first half of 2025. Nvidia — The artificial intelligence darling traded 1.8% higher, building on momentum from Wednesday’s rally that pushed the […]