Economy
Dangote Refinery IPO Could Mark a Major Moment for Nigeria’s Capital Market
Nigeria’s energy sector could be approaching another important milestone as plans for a public offering involving the Dangote Petroleum Refinery draw attention from investors, policymakers and the wider business community. The proposed listing comes after years of investment in one of Africa’s largest refining projects. It also arrives at a time when Nigeria is attempting […]
Sam Altman Rules Out 2026 OpenAI IPO Amid AI Safety Concerns
OpenAI will not go public in 2026, CEO Sam Altman said in a new interview, putting an end—for now—to speculation that the ChatGPT maker could pursue one of the technology industry’s most closely watched initial public offerings this year. Altman told Fortune that the current environment surrounding artificial intelligence safety and alignment makes 2026 an […]
D.C. Circuit Strikes Down Trump Order Keeping Michigan Coal Plant Open
A federal appeals court has struck down the Trump administration’s order requiring a Michigan coal plant to remain online, dealing a setback to the administration’s effort to preserve aging power generation amid rising electricity demand. The U.S. Court of Appeals for the District of Columbia Circuit ruled Friday that the Department of Energy exceeded its […]
Trump Orders Review of Costly South Korea War Games, Putting American Taxpayers and Strategic Diplomacy First
President Donald Trump directs Defense Secretary Pete Hegseth to scale back expensive joint military exercises, arguing that strong diplomacy and smart spending better serve America’s long-term interests. President Donald Trump is once again reshaping American foreign policy through the lens of his signature America First philosophy, ordering the Pentagon to reduce the scale of major […]
Markets Rattled by Middle East Flareup and a Historic Korean Chip Meltdown All Eyes Now on Trump’s Fed Chair
If you wanted a single day that captures how tangled geopolitics and markets have become, Wednesday was it. Oil prices jumped after Iran launched ballistic missiles at U.S. forces in Jordan and American and Saudi jets struck back at Iran-backed militias in Iraq — Brent crude climbed roughly 3.5% to about $87 a barrel, while […]
Goldman Sachs CEO Backs ‘Trump Accounts’ as U.S. Economic Debate Continues
Goldman Sachs CEO David Solomon voiced support for the Trump administration’s economic agenda during an interview with Fox News, praising the newly launched “Trump Accounts” program and emphasizing the importance of long-term investment, technology infrastructure, and economic growth. Speaking with Fox News anchor Bret Baier, Solomon said the U.S. economy continues to show resilience despite […]
Trump Vows Lower Gas Prices as Oil Spikes to Wartime Levels — Here’s What’s Really Happening
Oil prices went wild again Thursday, surging past $126 a barrel at one point — the highest since the Iran conflict kicked off. For a moment, it felt like we were right back in crisis mode with the Strait of Hormuz tensions and everything else boiling over. But President Trump stepped in with a straightforward […]
March Jobs Surprise: Strong Hiring Rebound Complicates Market Outlook
The latest U.S. jobs report delivered a surprise few were expecting. After a weaker showing in February, the economy added 178,000 jobs in March, signaling a strong rebound in hiring and a labor market that remains more resilient than many analysts anticipated. On the surface, that sounds like unequivocally good news. But for investors — […]
“People Are Feeling It”: Economic Pressure Builds Across U.S.
You don’t need a report to see it — Americans are feeling it every day. From rising grocery bills to housing costs, economic pressure is becoming harder to ignore. While official numbers paint a mixed picture, everyday experiences tell a different story. Many households are adjusting spending habits, cutting back, and questioning where things are […]
U.S. Economy Shows Mixed Signals Amid Policy Shifts
Economic Crossroads: Growth Meets Uncertainty The U.S. economy is sending mixed signals as policymakers navigate a complex landscape of inflation, employment, and global uncertainty. Recent data shows resilience in job markets, yet inflationary pressures continue to weigh on consumer confidence. Meanwhile, businesses are adjusting strategies amid shifting regulatory and fiscal policies. Economists remain divided. Some […]
Federal Reserve Signals Cautious Approach to Rate Cuts
Fed Walks a Tightrope on Interest Rates The Federal Reserve is signaling a cautious approach as it considers future interest rate adjustments. While inflation has shown signs of cooling, policymakers remain wary of acting too quickly. The goal: avoid reigniting inflation while supporting economic growth. Markets have responded with mixed reactions, reflecting uncertainty about the […]
Energy Prices Show Volatility Amid Global Tensions
Energy Markets React to Rising Global Uncertainty Energy prices are showing renewed volatility as geopolitical tensions continue to shape global markets. Supply concerns, combined with shifting demand, have led to fluctuations that directly impact consumers. Experts warn that continued instability could keep prices unpredictable in the near term.