With its oil wealth, Nigeria should be awash with foreign currency. But years of economic mismanagement have left the country with a debilitating shortage of dollars. In an attempt to fix the problem, President Bola Tinubu relaxed longstanding foreign exchange restrictions shortly after taking office in May 2023. The local naira currency, pegged for years at an artificially high level against the dollar, has since lost 70% about of its value. Tinubu’s goal was to trigger an influx of foreign capital and eventually make Nigeria a more attractive investment destination. The near-term impact was a surge in inflation to a…
Author: user
The sun filters through a bridge over Starlight Park, casting a golden shimmer on the Bronx River. Below the surface, schools of juvenile herring fill the water — small, silvery signs of the river’s fragile recovery. But along the shoreline, the scene is different: half-submerged e-bikes and e-scooters pock the river’s bank.“These juvenile fish are a symbol of life returning to the river,” says Siddhartha Sánchez, executive director of the Bronx River Alliance, whose members clean the river and its banks of debris. “But the juxtaposition is disturbing: These discarded scooters carry lithium, heavy metals, toxic materials. They’re a hazard…
In one sense, there’s no such thing as easy money. However, once you have money accumulated to invest, it can be easy to make more. That’s the key to generating passive income.Some investment options require constant monitoring. You might not be able to hang onto them for long. However, others are excellent long-term picks.Want decades of passive income? Here are three stocks to buy now and hold forever.1. AbbVieAbbVie (NYSE: ABBV) is one of the biggest biopharmaceutical companies in the world with its market cap hovering around $345 billion. Its product lineup includes four blockbuster drugs and several others with…
Join Our Telegram channel to stay up to date on breaking news coverage The Bitcoin price soared 4% in the last 24 hours to trade at $60,628 as of 08:23 p.m. EST even as trading volume tumbled 1% to $32.6 billion. This comes as MicroStrategy Inc. purchased 18,300 Bitcoin for approximately $1.11 billion, the largest acquisition of the digital asset by the crypto hedge-fund firm in more than three years. The firm now holds around 244,800 Bitcoin, valued at around $14 billion. This is around 1% of all the BTC ever issued. Bitcoin Price Aims For A Continued Bullish Rally…
Two-thirds of US adults own a home, a milestone that is still viewed as a key part of the American Dream. Yet, in 2024, buying a house often feels out of reach.The median price for a new home has jumped to $495,750, according to the National Association of Home Builders, pricing out 77% of US households. Meanwhile, the Census Bureau found that the median household income is $80,610. Given that gap, how do millions of first-time homebuyers reach that dream every year?Despite the rising costs, experts say affordable housing options still exist, depending on where you look and how you…
TimesSquare Capital Management, an equity investment management company, released its “U.S. Mid Cap Growth Strategy” second-quarter investor letter. A copy of the same can be downloaded here. The equity markets performed well in the second quarter, as long as one held only a small number of the biggest, fastest-growing U.S. stocks. Given the Magnificent Seven’s superior performance, differences in growth and value among large caps were downplayed. There wasn’t much style diversity between mid-caps, small caps, or outside the U.S. In the second quarter, the strategy returned -2.94% (gross) and -3.14% (net) while the Russell Midcap Growth Index returned -3.21%.…
In the heart of Detroit’s North End, Parks Old Style Bar-B-Q has borne witness to the neighborhood’s metamorphosis.After 60 years in business, the family-owned barbecue joint has seen high density and pervasive vacancy in the neighborhood. It has seen foot traffic brought by plant workers at nearby factories and the late-night culture that came with it. Second-generation owner Rod Parks remembers the days hungry laborers would venture to Parks Old Style for slabs of pork ribs served with soft white bread as late as 2 a.m. at the end of overnight shifts.And yet today, the takeout restaurant lurks in the…
Moderna’s (NASDAQ: MRNA) struggles may last a little longer than expected. The biotech company had seen both sales and its stock price plummet as demand for its coronavirus vaccine waned, but seemed to be on the road to recovery. It won approval for its new respiratory syncytial virus (RSV) vaccine, reported positive data from trials of late-stage candidates, and even saw its shares climb about 20% in the first half of the year.But Moderna’s news hasn’t been as bright recently. Last month, the company revised coronavirus vaccine revenue downward due to lower sales. And in its update this week, the…
ST. LOUIS COUNTY, Mo. – There was a stunning twist in court Friday when a defendant who asked for a bond reduction ended up getting his bond doubled.It involved a case first reported on July 30, when Scarlette Russell arrived home after a month in the hospital. She’s paralyzed from the waist down after being shot in her back in the Maryland Heights Westport Comfort Inn parking lot.Police arrested her ex-boyfriend, 28-year-old Lashawn Wooten.While Russell fights to walk again and has to be carried up to her second-floor apartment, defendant Wooten has asked for a break.CloseThanks for signing up!Watch for…
CHICAGO — After a moment of silence for those lost in the line of duty and a flyover by the Chicago Fire Department’s helicopter, Chicago police and firefighters took to Wrigley Field in a friendly rivalry that spans back decades.CFD took the field donning “Bravest” uniforms, while the Chicago Police Department rocking “Finest” across their chest in the annual CFD vs CPD baseball game.“Hopefully [we’re] kicking some butt tonight,” said Chicago firefighter Tony Budvaitis before the game.“We have no lives, we just like to play baseball on our off time,” added Chicago police officer Vincent Macias.But rarely is that off-time…