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Stocks rally and dollar drop on hopes Fed rates have peaked
Stocks and oil prices rose while the dollar weakened Thursday as a much-needed burst of confidence flows across world markets after the Federal Reserve hinted it has come to the end of its long-running interest rate hiking cycle.
Bank of England set to hold interest rate
The Bank of England was expected Thursday to keep its interest rate on hold for a second successive meeting, as Britain battles stubbornly high inflation and weak economic growth. Analysts widely expect the economic backdrop to trigger another BoE rate pause Thursday.
'Brazilian Warren Buffett' rises from poverty to stock stardom
A former shoeshine boy now worth hundreds of millions of dollars, Luiz Barsi has been called the "Brazilian Warren Buffet" for his ultrasharp investing acumen. Barsi, who calls himself a "mini-owner" of the companies he invests in, says stocks should guarantee a monthly payout.
S&P says sharing office space giant WeWork in 'selective default'
Embattled flexible workspace provider WeWork is in "selective default" after failing to meet conditions set by debt holders, ratings agency S&P said Wednesday. But S&P characterized the company's status as one of "selective default."
Disney to complete takeover of Hulu with $8.6 bn deal
The Walt Disney Company on Wednesday announced it will buy Comcast's $8.6 billion stake in Hulu, completing its takeover of the streaming service. The deal values Hulu at $27.5 billion in total, according to Disney, which said the transaction will be concluded by December 1.
US prosecutors brand Bankman-Fried thief in crypto trial
Former cryptocurrency whiz kid Sam Bankman-Fried knowingly stole money from customers of his FTX platform, US prosecutors told a federal court in closing arguments on Wednesday. Bankman-Fried is on trial in New York for siphoning funds invested by unknowing customers on his FTX cryptocurrency exchange platform, once the second biggest exchange for crypto investors.
Gugu Khathi shares letter to herself from 15 years ago, Mzansi stunned by prophecy: "Hamba uyogeza"
Gugu Khathi recently celebrated her birthday and in honour of her special day, she looked back at how far she's come. She shared a note to herself from 15 years ago.
Mzansi weighs in on trailer of new Setswana film 'My Girlfriend’s Father': "Etv is putting in the work"
SA has weighed in on the new Setswana movie 'My Girlfriend’s Father' starring Mapula Mafole and Linda Nxumalo. The general reaction is that Etv is working hard
Fans stunned as Cassper Nyovest paid R150K for Nompilo Dlamini's lung transplant in 2021
Rapper and businessman Cassper Nyovest stuns fans after news of him donating R150k for Nompilo Dlamini's lung transplant in 2021, netizens praised him.
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