Kenya’s Government Plans Crypto, Influencer Tax as Cash Sources Dry
Kenya’s government plans to introduce a 3% tax on digital assets for the coming budget year as other sources of funding prove expensive or inaccessible.
Bloomberg Top News
Fed Rate-Hike Pause No Reason to Buy Stocks, BofA Says
The Federal Reserve may be signaling its willingness to pause rate hikes, but Bank of America Corp.’s Michael Hartnett says it’s not yet time to buy equities as outflows accelerate amid elevated inflation and recession fears.
Top Vodafone Backer E& Weighs Increasing Stake to Up to 25%
Vodafone Group Plc’s biggest shareholder said it’s considering increasing its stake to ensure it has influence over the British telecommunications company’s future.
Used-Car Prices Fall in April as Rising Rates Start to Erode SalesÂ
Used-vehicle prices tumbled in April after making gains in the first quarter of the year — a sign rising interest rates are starting to erode sales.
Barclays Taps Edgell, Shafi to Build Out Sell-Side Advisory
Barclays Plc said Rob Edgell and Kassem Shafi will take over as co-heads of its mergers-and-acquisitions sell-side advisory business in the Americas as it looks to work on more private equity exits and corporate divestitures.
AMD’s AI Progress Wins Over Traders Seeking More Than Just Promises
Promises of a future when artificial intelligence drives a surge in sales for chipmakers are no longer cutting it in the stock market. These days, hard evidence of progress toward that is needed.
Apple Shares Rise After iPhone Rebounds, Sales Top Estimates
Apple Inc.’s shares rose in early trading after reporting a rebound in iPhone sales last quarter, helping the world’s most valuable company top earnings estimates and weather an industrywide downturn that has battered much of its product lineup.
PacWest Leads Regional Bank Rebound After Bruising Rout
PacWest Bancorp led a rebound across US regional banking stocks after a bruising week of losses, amid signals that some of the selling has been overdone.
US Job Gains and Wages Pick Up, Signaling Labor Resilience
US hiring and workers’ pay gains accelerated in April, showing signs of labor-market resilience and fresh inflationary pressures in the face of economic headwinds.
Nigerian Senator Gets UK Jail Sentence for Organ Harvesting Plot
A Nigerian senator who coaxed a Lagos street trader to the UK to harvest a kidney for his sick daughter was sentenced to nine years and eight months in jail by a London judge, in the first conviction of its kind under Britain’s modern slavery laws.