Saturday 28 May 2022 9:33 am EY is considering listing its global advisory business on the stock market, as part of ambitious plans to separate out its audit operations to create two separate firms. The plan could see EY float its tax, consulting, and deals advice business on the stock exchange, as the firm considers … Read more
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A correction in the stock market is usually defined by a drop of 10% to 20% in major indexes, such as the S&P 500, Nasdaq Composite, or Dow Jones Industrial Average (DJIA). While it’s not as dramatic of a decline as stock market crashes, corrections can still wipe away a decent amount of portfolio value. … Read more
Shares of WPP plc (NYSE:WPP – Get Rating) have been assigned an average recommendation of “Hold” from the eleven brokerages that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. … Read more
By Lydia Ngwakwe The Central Bank of Nigeria (CBN) has urged Nigerian banks to support indigenous companies in order to increase foreign exchange inflows and boost economic growth. A CBN team on inspection of projects funded through Deposit Money Banks in Lagos, gave the advice late on Friday. It noted that the apex bank was … Read more
US market authorities have asked billionaire businessman Elon Musk to explain an apparent delay in reporting his Twitter stock buys, as the agency questions the methods and intent of his troubled bid for the San Francisco-based microblogging site. Mr Musk, the co-founder and chief executive of electric vehicle maker Tesla, became a major Twitter stockholder … Read more
BBuilder/iStock via Getty Images Looking at the capital markets action this week, credit spreads improved, the US dollar fell (as measured by the UUP), the 10-year and 30-year Treasury yields haven’t made new highs in weeks, the PCE deflator data came in as expected, and lower year-over-year, and stocks bounced sharply. This week’s returns: UUP: … Read more
Global stocks pushed higher on Friday, with US indices snapping a slump of weekly losses, while oil prices rallied to their highest level in two months. Following a positive day in European and Asian stock bourses, Wall Street stocks enjoyed another session entirely in positive territory, finishing higher for a third straight session. It’s been … Read more
Oaktree Specialty Lending (NASDAQ:OCSL – Get Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Saturday, Zacks.com reports. The firm presently has a $7.75 price target on the credit services provider’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 10.40% … Read more
Sheikh Mohammad Danial | Published: May 28, 2022 13:20:24 | Updated: May 28, 2022 13:22:30 A seesaw allows a short-term perpetual motion of equal distribution of highs and lows for both ends. If we take a closer look at how taka’s rate influences trade, the seesaw has been more in favour of the buyers of … Read more