By Duncan Miriri NAIROBI, Dec 16 (Reuters) - The African Development Bank (AfDB) raised $10.5 billion for its fund that lends money to low-income countries on favourable terms, it ​said on Tuesday, surpassing the previous replenishment round's figure but falling short ‌of its initial target. Officials at AfDB had initially aimed to raise $25 billion for the African Development Fund (ADF), which ‌is replenished every three years, after raising $8.9 billion in 2022. The AfDB, Africa's biggest development ...

Three boards members, including the chair, will be term limited under new rules imposed by Magnum Ice Cream. ...

Key Takeaways NKE is set to report Q2 results with revenues expected to slip 1.7% y/y and EPS projected to fall 52.6%.NIKE sees growth in North America and EMEA, led by wholesale gains, pricing discipline and inventory cleanup.NKE faces pressure from China weakness, higher tariffs and margin strain as it phases out footwear franchises.NIKE Inc. (NKE) is slated to release second-quarter fiscal 2026 results on Dec. 18. The leading sports apparel retailer is estimated to have witnessed year-over-year declines ...

Here's the S&P 500 for a good look at today's situation, which is coming on weakness from healthcare, energy, financials, and utilities:As a result, stocks have been sinking -- worried that a possible resolution to the H200 row could be coming off the rails. Despite that, Nvidia (+0.14%) remains one of just a few tech stocks hitting the mark today.Chief to some of the recent selling is the U.S. House of Representatives' Select Committee on China asking for the Department of Commerce the Nvidia H200 Chip bri ...

By Promit Mukherjee and David Ljunggren OTTAWA, Dec 16 (Reuters) - The Bank of Canada says regulations on future Canadian stablecoins must ensure they are backed ​by high-quality liquid assets and be pegged one-to-one to a central bank ‌currency, Governor Tiff Macklem said on Tuesday. The Liberal government said in November that it would be introducing regulations ‌next year for stablecoins, a form of cryptocurrency which are convertible to a fiat currency at par. "We want stablecoins to be good money, ...

Business man places bills in a chest, symbolizing firms adding funds to their buyback authorization. Key Points GE Vernova is up more than 100% in 2025. It just boosted its buyback capacity, signaling confidence going forward. Pure Storage's $400 million buyback authorization indicates that it sees value in its share price after a 27% post-earnings drop. Lattice Semiconductor has risen more than 30% this year and just fortified its buyback coffers. Interested in GE Vernova Inc.? Here are five stocks w ...

AI, cyber insurance, and climate change/natural catastrophes were highlighted as the three themes that will have the biggest impact on insurance in 2026 as part of GlobalData’s annual predictions webinars. Insurers that establish themselves as leaders in these themes will see improved performance, products, and customer service. AI is undoubtedly the leading technology trend in the insurance industry at present. The emergence of agentic AI throughout 2025 has only increased the buzz around the technology ...

Wall Street lacked clear direction on Tuesday, as mixed labor market data failed to ignite a fresh wave of risk-on sentiment.Nonfarm payrolls rose by 64,000 in November, topping expectations of 50,000. However, the unemployment rate climbed to 4.6%, the highest level since September 2021. • Affirm Holdings shares are climbing with conviction. What’s driving AFRM stock higher?October figures, delayed by more than two months due to the government shutdown, added further noise. Payrolls fell by 105,000, largel ...

Artificial intelligence has been a significant driver of the stock market over the past three years.Concerns about artificial intelligence (AI) stocks and their monster valuations aren't exactly new, but the market is now being less coy about it. Following a big multiyear run for the sector, it appears that some investors are setting a high bar for AI stocks. No longer are announcements about higher capital expenditures for AI infrastructure build-out purely driving stocks higher, as investors start to ques ...

The average 30-year mortgage rate has hovered in the low- to mid-6% range for months. While many experts predict that rates will fall slightly in 2026, most expect them to remain above the 6% mark for the foreseeable future. Fortunately, mortgage rates are highly personalized, so if you’re buying a home or refinancing in the next few years, you could still snag a lower interest rate. Here are eight strategies for securing a sub-6% rate on your next mortgage loan. 1. Choose a government-backed loan The ...