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Market Report: The AI Stocks Defying Recession Fears
An analysis of the current stock market landscape, focusing on the unexpected resilience and growth of Artificial Intelligence (AI) sector companies.
Breaking News: Market Surge
Markets rallied today following positive earnings...
Investors made billions in first six months of 2023
In the first half of this year, investors received better returns from lending to the Kenyan government and purchasing hard currency for investments compared to gains from holding real estate and stocks listed on the Nairobi Securities Exchange (NSE). The seven-year infrastructure bond sold last month, which also has the added benefit of being tax-free, is returning investors 15.84%, which is the highest return on a bond released this year. Returns on Treasury notes have also increased this year, rising from an average of 9.8% at the start of the year to breaking the 12% mark for all three tenors
Jamaica launches fraud probe as Bolt millions feared missing
Jamaican financial authorities have launched an investigation into a company holding investments for eight-times Olympic gold medalist Usain Bolt after reports that he may have lost millions to large scale fraud. Jamaica’s Financial Services Commission said in a statement that it had placed the firm, Stocks and Securities Limited, in “enhanced oversight” while it conducts the probe. Bolt’s manager Nugent Walker told the Jamaica Gleaner newspaper that the retired sprinter, one of the greatest athletes of all time, has had investments with the company for over a decade. “All the relevant steps have been taken to come to the bottom
Stocks rise as US inflation falls
Europe and US stock markets rose Thursday as investors digested data showing a softening of US consumer inflation, potentially giving the Federal Reserve room to slow its interest rate hikes. Equities also found support on growing optimism over China’s economic reopening. Europe’s main bourses surpassed levels not seen in months. Paris closed 0.7 percent higher after briefly rising past the 7,000-point mark for the first time since February last year, while Frankfurt closed above 15,000 points for the first time since the same month. Shares in London were 0.9 percent higher. On Wall Street, the Dow Jones Industrial Average reversed
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