Zimbabwe ended last month as Africa’s best-performing equity market, overtaking Nigeria, the continent’s most populous nation, after months of sustained gains driven by easing inflation, a more stable domestic currency, and renewed investor appetite for local equities. Data from African Markets, a real-time market intelligence platform, shows the Zimbabwe Stock Exchange (ZSE) returned 68.5 percent…
Microsoft added nearly US$450-billion in market value on Thursday, the largest one-day gain on record for any company, after it forecast stronger-than-expected cloud growth and signalled continued cash generation through its new fiscal year. The software giant’s shares closed up more than 15%, lifting its market capitalisation to $3.35-trillion, surpassing chip giant Nvidia’s previous record…
SpaceX, Tesla and X CEO Elon Musk (R) and Google CEO Sundar Pichai attend the presidential inauguration of Donald Trump at the Rotunda of the US Capitol in Washington, on January 20, 2025. Trump takes office for his second non-consecutive term as the 47th president of the United States. Kevin Lamarque | Afp | Getty…
Nebius stock surged on Tuesday after Nvidia disclosed a 9.3% stake in the neocloud. The Amsterdam-based company has emerged as one of Europe’s leading neoclouds providing AI compute, and has inked multiple deals with tech giants in 2026 amid massive infrastructure spending. Shares of Nebius were up 7% in premarket trading. The company has been…
African stock exchanges have crossed $2 trillion in combined market value, up from $1.6 trillion in 2024, according to the African Securities Exchanges Association. The gain comes after a decade of steady expansion across the continent’s capital markets, from Lagos to Abidjan to Cairo. Nigeria leads the pack. The NGX All-Share Index rose 283% since…
SpaceX shares climbed about 4% on Tuesday after slipping below $150, the price of its first trade when it debuted nearly two weeks ago. The initial slide also took the market cap below $2 trillion. Elon Musk‘s space and artificial intelligence company saw a $400 billion sell-off on Monday, tanking 16%, following drops of 3.6%…
This is not a buy, sell or hold recommendation but a stock investment guide. You may need to involve your financial advisor before taking investment decisions. Last week, the Nigerian stock market witnessed one of its sharpest declines so far this year, depreciating by 3.6 per cent as sell-offs in bank stocks hammered the benchmark…
SpaceX is down more than 3% in premarket trading on Monday, continuing a selloff that has seen the stock fall in the past two full days of trading after a rally after its record-breaking IPO. Shares in the company were down 3.65% at 5:15 a.m. ET. Elon Musk’s space and artificial intelligence firm became one…
Club name FedEx will soon step into the earnings spotlight after a holiday-shortened week of trading brought good news on the Iran war and oil prices. Also on our radar in the week ahead is May inflation data — though caveats are needed, as we’ll explain later — and earnings from memory chipmaker Micron ,…
SpaceX shares rose about 3% on Tuesday, as Elon Musk‘s rocket-builder continued its meteoric rise following a record-breaking IPO on Friday. With the skyrocketing share price, SpaceX is on the verge of topping Amazon in market cap. As of early Monday, SpaceX’s market cap stood at roughly $2.53 trillion, while Amazon is valued at about…
