Lowe’s (LOW) Q1 revenue surpassed expectations, reaching $21.36 billion, despite a decrease in DIY projects. This figure is slightly higher than the anticipated $21.13 billion. The company’s same-store sales saw a 4.1% decline, a minor improvement from the 4.3% drop in Q1 last year. Lowe’s noted a decrease in everyday customers’ purchases of big-ticket items. […]
Category Archives: BUSINESS-FINANCE
20
May
May
BALTIMORE (AP) — The container ship that caused the collapse of Baltimore’s Francis Scott Key Bridge, resulting in six fatalities, was successfully refloated at high tide on Monday. The vessel, named Dali, is now gradually making its way back to port, assisted by several tugboats. The Dali had been stranded at the collapse site for […]
NEW YORK (AP) – In the ongoing hush money case against Donald Trump, defense lawyers focused on discrediting the key witness, Michael Cohen, during Thursday’s proceedings. As the trial nears its conclusion, the defense is working to undermine Cohen’s testimony, which is pivotal to the prosecution’s case. Cohen, Trump’s former attorney, took the stand for […]
15
Nov
Nov
The African Export-Import Bank (Afreximbank) has announced a groundbreaking initiative aimed at addressing the funding gap in Africa’s power sector. The bank, headquartered in Cairo, Egypt, has revealed plans to establish an energy bank that will focus on financing clean and renewable energy projects, promoting regional integration of energy markets, and supporting local content development. […]
06
Nov
Nov
The Ghanaian government has initiated formal negotiations with the Dutch commodities trading company Trafigura Beheer BV to resolve a $140 million judgement. The judgement was handed down by an arbitration tribunal in Amsterdam over the termination of a contract between the government and the company. The judgement had been pending since 2017, when the arbitration […]
Former President Donald Trump faces a $250 million civil fraud trial – learn more about the case and what he has to say!
image: reuters
03
Nov
Nov
Sam Bankman-Fried, the billionaire financial doyen who was once heralded as one of the world’s most successful hedge fund managers, has seen his career come to an abrupt end. After a stunning rise to fame and fortune, his dramatic downfall has been just as rapid. The financial prodigy, who once managed one of the world’s […]
18
May
May
In a surprising turn of events, Aker Energy, a prominent oil and gas company, has come forward with the disclosure of an annual payment of $125,000 to a journalist at Joy FM, a renowned radio station in Ghana. This revelation has sparked widespread discussions about the nature of this financial arrangement and its potential implications […]