Verizon vs AT&T: The U.S. Telecoms War

The telecoms industry has been one of the most profitable for centuries. In some corners of the world, there are ongoing battles over the markets, such as Verizon vs AT&T. In the U.S., only a handful of telcos have decent coverage. As a result, these companies have almost monopolized the markets and set the most […]

TSX Hits 5-Week Low as Fed’s Hawkish Stance Fuels Recession Worries

Canada’s main stock index slumped to a five-week low on Thursday, with the technology and materials groups leading broad-based declines, as investors were unable to see a clear endpoint for Federal Reserve interest rate hikes. The Toronto Stock Exchange’s S&P/TSX composite index ended down 291.02 points, or 1.5 percent, at 19,600.63, its lowest closing level […]

S&P Posts 4th Straight Decline as Recession Talk Weighs on Wall Street

Wall Street ended lower on Tuesday, with the S&P 500 extending its losing streak to four sessions, as skittish investors fretted over Federal Reserve rate hikes and further talk of a looming recession. Meta Platforms Inc dragged down markets, with its shares sliding 6.8 percent following reports that European Union regulators have ruled the company […]

The Tech Bubble Bursting and Its Consequences

People worry that the ‘tech bubble‘ will likely burst right in front of them. Rightfully so.  This year, tech shares are down more than 30 percent, and private firms are experiencing confidence-shattering down rounds.  In contrast, cryptocurrency exchanges like Celsius declare bankruptcy as prices of cryptocurrencies plummet. And FTX is taking the whole crypto market […]

African e-commerce Firm Jumia Says It Is Past Peak Losses, Shares Jump

African e-commerce firm Jumia Technologies said on Wednesday it was past peak losses and would focus on promotions, marketing and cost cutting in its quest towards profitability, driving its shares up 16 percent despite a wider quarterly loss. Jumia is an online marketplace for vendors and food sellers, with associated services including logistics and payments. […]