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News On Demand, For Those On The Go
Apple Unveils More Powerful And More Expensive New Macs; Moniepoint Burn $4 Million On MonieWorld And Then Abandons It; Ventures Platforms Nigeria Closes $84 Million Fund; & MTN The Data Center Cente
AI is becoming an even bigger part of how companies build products, invest capital and expand their businesses. Apple has unveiled a new Mac mini with up to four times faster AI performance, while Moniepoint is winding down its UK remittance business to refocus on Africa. Meanwhile, Ventures Platform has raised $84 million for its second fund, and MTN plans to develop 150MW of AI data-centre capacity across Nigeria and South Africa. All this and more in today’s Read It And Ea
4 min read
Uber Faces Nearly $1 Billion Fine Over Automated Driver Suspensions; SEC Proposes N1 Million Cap On Crypto Retail Investing; Hugging Face Is Looking To Be Bought For $13 Billion; & Oura Sued Over Slee
Big fines, tighter rules and billion-dollar valuations are making headlines across the business world. Uber is facing a nearly $1 billion fine over automated driver suspensions, while Nigeria’s SEC is proposing limits on how much retail investors can put into crypto offerings. Meanwhile, AI startup Hugging Face is reportedly exploring a sale at a valuation of $13 billion, and smart-ring maker Oura is facing a lawsuit over claims about its sleep-tracking accuracy. All this and
3 min read
Heirs Insurance Profit Hits ₦9.5 Billion As Premiums Surge 89%; Applied Materials Beats Q3 Estimates As AI Chip Demand Fuels Growth; eTranzact revenue rises 22.6% On The Quarter And 150% Year On Year;
The latest earnings reports are highlighting both strong growth and fresh pressure across major businesses. Heirs Insurance saw premiums surge despite a decline in profit, Applied Materials is benefiting from relentless AI chip demand, while eTranzact posted double-digit revenue growth. Meanwhile, Klarna is cutting its outlook as weaker consumer spending weighs on its business. Here’s what the latest numbers are saying about the companies shaping the market. All this and more
2 min read
The Economics of Snowfall
A Deep Dive Into Who the Economic Winners and Losers are during Snowfall "The weather outside is frightful.” Frank Sinatra I was working from home on a random weekday when I took a break to look at the view from my apartment and let my mind wander. Whilst I watched people penguin walk and cars all but crawl, I settled on an interesting thought: who benefits and suffers the most financially when it snows? That question led me down an incredibly fascinating rabbit hole, t
16 min read
Your "Investment" Is Probably a Gamble. Here's How to Know for Sure.
The Differences between Dice, Deals & Dividends; "The market can remain irrational longer than you can remain solvent.” John Maynard Keynes I commonly get consulted for investment proposals, whereby people are asking of me where I believe is best for them to deploy their capital in order to get a financial return, and the first thing that I ask [after strongly indicating that I am not a financial advisor, and the entire conversation isn’t financial advice] what their time
22 min read
From Manger to Markets: An analysis of Christmas’ Commercial Takeover
Has Capitalism Devoured Christmas? Underneath the bustle of the German Christmas markets, the pouring of mulled wine and hot chocolate, the wrapping of selected trinkets, and the voices of the choir singing Christmas carols, is the faint, almost imperceptible, constant pinging of successful transactions, whether it be Apple Pay, Google Pay, cash, or a physical card. That sound is the evidence of the “Golden Quarter” in full swing, and the silent prevalence of the second r
11 min read
Apple Unveils More Powerful And More Expensive New Macs; Moniepoint Burn $4 Million On MonieWorld And Then Abandons It; Ventures Platforms Nigeria Closes $84 Million Fund; & MTN The Data Center Cente
AI is becoming an even bigger part of how companies build products, invest capital and expand their businesses. Apple has unveiled a new Mac mini with up to four times faster AI performance, while Moniepoint is winding down its UK remittance business to refocus on Africa. Meanwhile, Ventures Platform has raised $84 million for its second fund, and MTN plans to develop 150MW of AI data-centre capacity across Nigeria and South Africa. All this and more in today’s Read It And Ea
4 min read
Uber Faces Nearly $1 Billion Fine Over Automated Driver Suspensions; SEC Proposes N1 Million Cap On Crypto Retail Investing; Hugging Face Is Looking To Be Bought For $13 Billion; & Oura Sued Over Slee
Big fines, tighter rules and billion-dollar valuations are making headlines across the business world. Uber is facing a nearly $1 billion fine over automated driver suspensions, while Nigeria’s SEC is proposing limits on how much retail investors can put into crypto offerings. Meanwhile, AI startup Hugging Face is reportedly exploring a sale at a valuation of $13 billion, and smart-ring maker Oura is facing a lawsuit over claims about its sleep-tracking accuracy. All this and
3 min read
Heirs Insurance Profit Hits ₦9.5 Billion As Premiums Surge 89%; Applied Materials Beats Q3 Estimates As AI Chip Demand Fuels Growth; eTranzact revenue rises 22.6% On The Quarter And 150% Year On Year;
The latest earnings reports are highlighting both strong growth and fresh pressure across major businesses. Heirs Insurance saw premiums surge despite a decline in profit, Applied Materials is benefiting from relentless AI chip demand, while eTranzact posted double-digit revenue growth. Meanwhile, Klarna is cutting its outlook as weaker consumer spending weighs on its business. Here’s what the latest numbers are saying about the companies shaping the market. All this and more
2 min read
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