The US stock market’s surge since the election has reignited a debate on valuation and whether the market can go higher still after hitting some significant milestones. The Dow on Wednesday soared above 21,000 points for the first time following President Donald Trump’s first major address to Congress. After pulling back on Thursday, stocks tentatively … Read more
Ghana’s new finance minister faces having to fulfill election pledges to spend more on education and job creation while trying to raise investor confidence eroded by fears about the nation’s finances. After promises of free high-school education and tax cuts in the run-up to a December vote, Finance Minister Ken Ofori-Atta, 57, will present the … Read more
The women are brazing all odds and targeting higher levels in academia and business growth. One of such is accountant and General Manager for Frimps Oil, Shirley Frimpong. She has emerged as the overall female finance personality for 2017. Shirley Frimpong beat off competition from over ten other women to win the coveted prize at … Read more
U. S. stock investors may look to a host of results from consumer-facing companies including Wal-Mart Stores Inc (WMT.N) next week for signs on whether the recent market rally has more room to run. The consumer names are among the last major companies of the S&P 500 earnings season to report, but the results will … Read more
U. S. shale producers are facing their first production cost increase in five years in 2017 as industry activity picks up and energy service providers hike fees to take a bigger share of the profits generated by higher oil prices. Drilling innovations over the past decade have generated a dizzying reduction in the cost of … Read more
Snap Inc (SNAP. N), owner of the popular messaging app Snapchat, set a lower-than-expected valuation range on Thursday, amid mounting investor concern over its unproven business model, slowing growth and tight founder control. The company, which filed for an initial public offering earlier this month, was widely expected to be valued at between $20 billion … Read more
U. S. stocks extended losses in late morning trade on Tuesday, weighed down by technology and industrial stocks, amid disappointing earnings and weak consumer confidence data. The selling comes a day after Wall Street suffered its worst day of 2017, as investors turned wary about the consequences of President Donald Trump’s isolationist policies such as … Read more
Stock markets steadied while the dollar recovered some ground on Tuesday after unease over how the U. S. policy slate will develop under Donald Trump’s presidency drove the currency to its weakest since early December. Traders in Asia said shares were helped by hopes that the concerns about a stronger dollar expressed by the U.S. … Read more
Asian stocks cut early gains as investor caution grew before a news conference by President-elect Donald Trump on Wednesday, where his views on global trade and China will be carefully scrutinized for future policy implications. The dollar stood tall against rivals on Monday after the latest U. S. payrolls data indicated strong underlying wage growth, … Read more
After a late-year rally fueled by the U. S. election pushed stocks to surprising new peaks, investors are wary that the market could be primed for a spill to start 2017. The benchmark S&P 500 .SPX is set to post a roughly 10 percent price gain for 2016 and around 12 percent on a total … Read more
U. S. employers likely boosted hiring in November amid growing confidence in the economy, making it almost certain that the Federal Reserve will raise interest rates later this month. Nonfarm payrolls probably increased by 175,000 jobs last month after rising by 161,000 in October, according to a Reuters survey of economists. The Labor Department will … Read more
FirstBanC Financial Services Ltd and Databank Group stole the show at the 2016 edition of the Ghana Investment Awards in Accra. FirstBanC Financial Services Ltd carried home four Gold Awards for emerging winner of Advertising Campaign of the Year, Fund Manager of the Year Awards (Portfolio Manager), Most Promising Investment Professional of the Year- Under … Read more