Africa has spent decades watching some of its biggest businesses look overseas when they need serious money. London. New York. International banks. Foreign institutional investors. But one of Africa’s biggest industrial projects is preparing to do something different. Dangote Petroleum Refinery wants Nigerians themselves to become owners. The company is preparing for an initial…
THE ABE HOOK Americans haven’t stopped spending. But they may finally be getting more careful about where their money goes. After months of surprisingly strong consumer spending, July delivered a warning: retail sales fell much more than economists expected. And with gasoline back above $4 in parts of the country as the Middle East…
Oil is rising. Ships are being attacked. Traffic through one of the most important waterways in the global economy has nearly ground to a halt. The United States says its naval blockade of Iran could continue indefinitely. And Wall Street? Almost nothing. Global stocks entered Friday trading close to record highs. The MSCI All-World…
THE ABE HOOK Fourteen months. That’s roughly how long it took for the Los Angeles Lakers to go from being valued at $10 billion in one ownership deal to $12.5 billion in another. Not because the Lakers suddenly discovered a new sport. Not because basketball changed overnight. But because owning one of the world’s…
THE ABE HOOK Coach is growing. Young shoppers are buying its bags. Sales are rising. International business is expanding. And its parent company just delivered better-than-expected quarterly profit. So why did Wall Street send the stock crashing by roughly 15%? Because investors aren’t worried about Coach. They’re worried about what comes next — and…
Artificial intelligence has spent the last few years changing one thing after another. First, it changed technology. Then it changed Wall Street. Then companies started spending hundreds of billions of dollars building the infrastructure needed to power it. Now AI is beginning to enter a place that could affect almost everyone: the Federal Reserve’s…
Canada and the United States are talking. But they still don’t have a deal. And with an August 19 tariff deadline getting closer, what looks like another disagreement between governments could soon become a much bigger issue for businesses, workers and consumers. Canadian officials are reportedly unhappy with Washington’s latest proposal to reduce tariffs, suggesting…
Wall Street has spent much of 2026 worrying about three things: inflation. interest rates. and whether the AI boom has gone too far. On Thursday, investors got reasons to worry a little less. The S&P 500 climbed to a new intraday record, technology stocks moved higher, oil prices fell and fresh U.S. inflation data…
For years, betting companies became one of the most familiar sights in English football. Their names appeared across the front of Premier League shirts, placing gambling brands in front of millions of supporters watching matches around the world. But that era is changing. Beginning with the 2026/27 Premier League season, clubs have collectively stopped…
Luxury fashion has spent years competing for one increasingly difficult thing: attention. Brands have hired celebrities. They have paid influencers. They have staged enormous runway shows. They have flooded social media with campaigns designed to become the next viral moment. But some of the world’s biggest luxury names are now looking somewhere very different….
