Category: hit
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Home loans defaults hit record Sh40bn on interest rates rise
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The value of non-performing mortgage loans in Kenya reached a record high of Sh40 billion in December 2023 on the back of high interest rates and tough economic conditions faced by borrowers. The value of non-performing loans (NPLs) by mortgage lenders rose by eight per cent or Sh3 billion last…
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Crypto Analyst Predicts XRP To Hit $1.03 Soon, Warns Of Initial Dip
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XRP price has been on an impressive run in recent days, but that rally came to an abrupt end yesterday. After rising to $0.6378, it temporarily dropped by over 11%. However, popular crypto analyst Dark Defender (@DefendDark) remains bullish in the short term, even if the decline widens further in…
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Reckitt’s baby formula sales to take hit after tornado destroys warehouse By Reuters
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Written by Richa Naidu and Yadarisa Shabong Reckitt Plc said Wednesday that short-term sales of some of its Mead Johnson infant formula products are likely to be affected after a tornado hit a third-party warehouse in Indiana, causing extensive damage. The Mount Vernon warehouse, which is currently out of operation…
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UnitedHealth expects bigger hit to profit from tech unit hack By Reuters
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Written by Sriparna Roy, Mariam Sani and Amina Niasse (Reuters) – UnitedHealth Inc on Tuesday forecast a bigger hit to its annual profit from a February hack at its technology unit, but maintained its full-year earnings forecast. Shares of the Minnetonka, Minnesota-based company rose about 6% to $544.32 after it…
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April phone, laptop imports hit Sh4.9bn
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Kenyans imported a record Sh4.9 billion worth of telecom equipment in April this year, the highest ever in a single month since the Kenya National Bureau of Statistics (KNBS) began recording data on this category of shipments in January 2017. The value of shipments in April 2024 represents a 58…
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April phone, laptop imports hit Sh4.9bn
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Kenyans imported a record Sh4.9 billion worth of telecom equipment in April this year, the highest ever in a single month since the Kenya National Bureau of Statistics (KNBS) began recording data on this category of shipments in January 2017. The value of shipments in April 2024 represents a 58…
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Trump confirms bullet hit his ear as shooting is being investigated as assassination attempt
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Donald Trump The former president appeared to be the target of an assassination attempt while speaking at a rally in Pennsylvania on Saturday, two law enforcement officials said. Secret Service agents quickly pulled him away from his bloodied ear from what he said was a gunshot wound, and his campaign…
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Texas chip brand hit with lawsuit after the death of a child in Massachusetts
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A lawsuit was filed Thursday in the case of a Massachusetts teen who died after participating in the spicy tortilla chip challenge on social media. Harris Woolopah, a 10th grader from Worcester, died on September 1, 2023, after eating Paki chips as part of the manufacturer’s “One Chip Challenge”. A…
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Biden Polymarket odds hit 49% ahead of Kamala Harris at 36%
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According to Poly Market Bettors’ OddsPresident Joe Biden remains the favorite at 48% to retain the Democratic nomination for the 2024 presidential election. Vice President Kamala Harris is next at 36%. Politics has become one of the hottest topics on Polymarket, a site where users bet on some of the…
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Biden Polymarket odds hit 49% ahead of Kamala Harris at 36%
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According to Poly Market Bettors’ OddsPresident Joe Biden remains the favorite at 48% to retain the Democratic nomination for the 2024 presidential election. Vice President Kamala Harris is next at 36%. Politics has become one of the hottest topics on Polymarket, a site where users bet on some of the…
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Could the Stock-Split Candidate Hit $1,000 per Share by the End of the Year?
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Large-cap and mega-cap stocks have performed well in 2024. Retail giant Costco (NASDAQ: COST) The company’s stock, up 32% year-to-date, didn’t miss the party. The membership warehouse club chain is gaining market share in the U.S. and is seeing strong growth across its in-person and online operations, impressing investors. At…
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Global Stocks Hit Peak Level Before US Jobs Data: Markets Wrap
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(Bloomberg) — Global stocks are expected to hold onto record highs hit on Thursday as traders turn their attention to U.S. jobs data due Friday for clues on the Federal Reserve’s interest-rate cut. Most Read from Bloomberg Tokyo’s Topix index hit a new record before retreating. The moves followed gains…
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Crypto Exchange Seeks Indian Approval As Users Hit Roadblock
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Once a land of opportunity, India’s cryptocurrency market is in a regulatory slump. As authorities tighten their grip, major crypto exchanges are struggling to survive, facing restricted services, hefty fines and even exit. Failure to pass KYC test Global giant Binance, a household name in the cryptocurrency world, has learned…
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China-built EVs hit with duties in biggest EU trade case yet By Reuters
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By Philip Blenkinsop and Charlotte Van Campenhout BRUSSELS (Reuters) – The European Union will impose tariffs of up to 37.6 percent on imports of Chinese-made electric cars from Friday, EU officials said, raising tensions with Beijing in Brussels’ biggest trade issue yet. But there is a four-month window during which…
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French stocks hit the lowest since January with voting set for Sunday
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High Risk Warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or all…
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Will Pepe Hit $1? Find Out Now!
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I. Introduction: The Appeal of Baby Queen Baby coin It has had an interesting success in the world of cryptocurrencies, attracting the attention of experienced investors and newcomers alike. Named after the widely recognized internet meme “Pepe the Frog,” this digital currency leverages the power of community culture and trends…
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Crypto App CoinStats Hit By Security Breach, User Funds Potentially Exposed
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CoinStats, a popular cryptocurrency wallet tracker, suffered a security breach that exposed users’ wallets and sent scam notifications to mobile devices. The company took the drastic step of shutting down its entire platform while the incident was investigated. The hack, which CoinStats confirmed on its official social media channel, resulted…
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Crypto App CoinStats Hit By Security Breach, User Funds Potentially Exposed
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CoinStats, a popular cryptocurrency wallet tracker, suffered a security breach that exposed users’ wallets and sent scam notifications to mobile devices. The company took the drastic step of shutting down its entire platform while the incident was investigated. The hack, which CoinStats confirmed on its official social media channel, resulted…
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Facebook Hit With Landmark Lawsuit Over Crypto Scam Ads
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Credit: Forbes In a major legal battle, Australian mining tycoon Andrew Forrest has taken on social media giant Meta Platforms, formerly known as Facebook, over a series of fraudulent cryptocurrency-related ads that used his image and likeness without authorization. This landmark case has the potential to reshape the landscape of…