President Donald Trump likes to brag about the stock market, but finance experts are warning that the current positive trends are likely illusory. Quoting investor Michael Burry, who famously covered the subprime mortgage crisis in the book and movie “The Big Short,” Fortune senior editor-at-large Shawn Tully wrote on Wednesday that “the stock market has
As inflation continues to shape investment decisions in Nigeria, more investors are weighing whether to keep their money in high-yield savings accounts or seek potentially stronger long-term returns through equity funds. Nigeria’s annual headline inflation rate rose to 15.38 percent in March 2026, ending an 11-month decline, according to data from the National Bureau of
Wednesday 13 May 2026 6:30 am | Updated: Wednesday 13 May 2026 4:12 pm Keir Starmer promised to “mainline AI into the veins” Good morning and welcome back to the City AM liveblog. UK borrowing costs are taking a modest breathe this morning after settling much higher yesterday after a session jam-packed with political turmoil.
With the 2026 midterms less than six months away and President Donald Trump suffering from persistently low approval ratings in countless polls, some GOP lawmakers have a warning for members of their party: voters are angry. A CNN/SSRS poll released on May 12 found that only 30 percent of Americans approve of Trump’s handling of
…As reform shocks fade …Growth pace still too slow to reduce poverty Nigeria’s economy is on track to deliver a real GDP growth of roughly 4.0 percent year-on-year for the first quarter of 2026, a figure that would represent the country’s most robust opening-quarter performance since the post-pandemic recovery began in 2021. This projection signals
President Donald Trump, in speech after speech, insists that the U.S. economy has never been better. Yet numerous polls are showing widespread dissatisfaction with his second presidency. And according to CNN, Americans are in a relentlessly “sour mood” that is showing no signs of improving. Five CNN reporters — Jennifer Agiesta, Annette Choi, Ariel Edwards-Levy
Monday 11 May 2026 3:34 pm Banking industry goes on the offensive. The UK’s industry body for banking has stepped up its lobbying efforts for the government to improve “anaemic” growth figures and bolster the financial services sector. A new report published by UK Finance – the body representing around 300 firms that provide UK
Nigeria’s new tax laws have introduced several technical terms into conversations around business, compliance, and government revenue. While many of these concepts were previously limited to tax professionals, they are becoming increasingly relevant to companies, investors, digital businesses, and even employees. Here are 12 tax terms emerging from the Nigeria Tax Act, 2025, and what
During a time of widespread angst over the economy, National Economic Council (NEC) Director Kevin Hassett appeared on CNBC’s “Squawk Box” and aggressively defended President Donald Trump’s record on inflation. When told that inflation has increased, not decreased, since former President Joe Biden left office, Hassett argued, “The bottom line is inflation is going down
Monday 11 May 2026 12:01 am | Updated: Sunday 10 May 2026 2:48 pm Investment minister Jason Stockwood (Photo by Ian Forsyth/Getty Images The government is looking Down Under to bankroll major infrastructure projects, as it aims to raise £99bn in Australian pension investment the next decade. Investment minister Lord Stockwood is touring Australia, Malaysia