Commercial banks have bought into a major $150 million financing deal for off-grid solar power in Kenya, in a sign of growing investor confidence in the electrification of sub-Saharan Africa. Sun King, an off-grid solar energy company, raised the Kenyan-shilling equivalent of $156 million by bundling future payments from its solar-power customers into an asset-backed security that was bought by investors. The deal, arranged by Citi , is one of the largest of its kind and the first to be led by commercial banks. The transaction is expected to enable the sale of about 1.4 million solar home systems to…
Author: usaeverydaylife
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 25, 2025. Jeenah Moon | ReutersU.S. equity futures rose on Sunday evening as Wall Street prepared for an especially busy week that’ll bring earnings from several major tech companies, a key Federal Reserve meeting, President Donald Trump’s Aug. 1 tariff deadline and key inflation data.Futures tied to the Dow Jones Industrial Average climbed 161 points, or 0.4%. S&P 500 futures were also higher by 0.3% and Nasdaq 100 futures added 0.5%.The move comes after Trump announced Sunday that the U.S. has reached…
U.S. Secretary of the Treasury Scott Bessent, U.S. Trade Representative Jamieson Greer, China’s International Trade Representative and Vice Minister of Commerce Li Chenggang, and Chinese Vice Premier He Lifeng, prepare to discuss on the day of a bilateral meeting between the U.S. and China, in Geneva, Switzerland, on May 10, 2025.Keystone/eda/martial Trezzini | Via ReutersSenior U.S. and Chinese negotiators meet in Stockholm on Monday to tackle longstanding economic disputes at the center of the countries’ trade war, aiming to extend a truce keeping sharply higher tariffs at bay.China is facing an Aug. 12 deadline to reach a durable tariff agreement…
U.S. President Donald Trump speaks from the Oval Office of the White House, flanked by U.S. Commerce Secretary Howard Lutnick, on the day he signs executive orders for reciprocal tariffs, in Washington, D.C., on Feb. 13, 2025.Kevin Lamarque | ReutersThe Trump administration will announce the results of a national security probe into imports of semiconductors in two weeks, Commerce Secretary Howard Lutnick said on Sunday, as President Donald Trump suggested higher tariffs were on the horizon.Lutnick told reporters after a meeting between Trump and European Commission President Ursula von der Leyen that the investigation was one of the “key reasons”…
Buckle up. It’s a jam-packed week ahead, with a host of influential companies set to report alongside a Federal Reserve meeting — and, if that wasn’t enough, there’s fresh inflation and jobs data, too. On top of all that, we’ll keep a close eye on any trade deal headlines ahead of the Aug. 1 deadline set by the Trump administration. In particular, we’ll be watching for any agreement with the European Union. U.S. and Chinese officials are also set to meet in Sweden for another round of trade talks. Last week, the U.S. trade deal with Japan helped push the…
US President Donald Trump gestures to the press at the end of a reception with Republican members of Congress at the White House in Washington, DC on July 22, 2025.Andrew Caballero-reynolds | Afp | Getty ImagesPresident Donald Trump announced Sunday that the U.S. has reached a trade deal with the European Union, following a pivotal discussion with European Commission President Ursula von der Leyen days before the Aug. 1 tariff deadline.”It’s a very powerful deal, it’s a very big deal, it’s the biggest of all the deals,” Trump said.During a press conference before their meeting, the two leaders said that…
(L-R): Ebon Moss-Bachrach as Ben Grimm/The Thing, Vanessa Kirby as Sue Storm/Invisible Woman, Pedro Pascal as Reed Richards/Mister Fantastic and Joseph Quinn as Johnny Storm/Human Torch in Marvel’s “The Fantastic Four: First Steps.”DisneyWhat superhero fatigue?Twice in one month, a comic book film has rocketed to the top of the box office, debuting with more than $100 million in ticket sales.Two weeks ago, it was “Superman,” the first theatrical release from James Gunn and Peter Safran as co-heads of DC Studios at Warner Bros. Discovery. This weekend, Disney and Marvel’s “Fantastic Four: First Steps” fueled an estimated $118 million in ticket…
Rachel Brosnahan and David Corenswet star as Lois Lane and Superman in Warner Bros.’ “Superman.”Warner Bros. DiscoveryWarner Bros. Discovery had a bountiful weekend at the global box office.The studio had two films cross the $500 million mark worldwide — “Superman” soared to $502 million and Apple’s “F1,” which Warner Bros. distributed, topped $509 million in ticket sales.The benchmark is a boon for Warner Bros.’ DC Studios, as “Superman” is the first theatrical debut of James Gunn and Peter Safran since they became co-heads of the film and TV unit in late 2022. The pair has developed a 10-year plan to reinvigorate…
The market may be trading around record highs, but the Verdence Capital Advisors CIO is worried trouble is lurking.Megan Horneman, who oversees $4.1 billion in assets under management, thinks there’s too much complacency around the Aug. 1 U.S. trade deadline.”This market is pricing in the perfect situation,” she told CNBC’s “Fast Money” on Monday.In addition to tariff concerns, she lists uncertainty regarding Federal Reserve policy and overbought conditions from a technical perspective as potential issues.”Once we see that [rate cuts] might be priced off the table, coinciding with the fact that we’re not quite sure what’s going to happen with…
QR codes were once a quirky novelty that prompted a fun scan with the phone. Early on, you might have seen a QR code on a museum exhibit and scanned it to learn more about the eating habits of the woolly mammoth or military strategies of Genghis Khan. During the pandemic, QR codes became the default restaurant menu. However, as QR codes became a mainstay in more urgent aspects of American life, from boarding passes to parking payments, hackers have exploited their ubiquity.”As with many technological advances that start with good intentions, QR codes have increasingly become targets for malicious use.…
