Market News

Utility Companies on the Rise A Banner Year for Utility Companies Utility companies—those that provide electricity, water, natural gas, and other essential services for residential and commercial customers—have had a banner year. The benchmark Utilities Select Sector SPDR Fund XLU has climbed by about 31% in the last year, with the bulk of those gains…

President Museveni reopens Makerere University’s restored iconic Ivory Tower, insta… Reconstruction of Makerere University’s Main Building President Yoweri Kaguta Museveni has today officially reopened the reconstructed Makerere University Ivory Tower building. The Ivory Tower, the University’s main administrative building, caught fire on the night of September 20, 2020. The newly reconstructed Main Building includes a…

Newly Revealed Internal Emails Shed Light on False Claims About Haitian Immigrants The Fallout in Springfield, Ohio Recently, shocking details have emerged regarding the aftermath of Donald Trump and J.D. Vance’s spread of false claims about Haitian immigrants in Springfield, Ohio. It was reported that a wave of violent threats flooded the town, with residents…

The Changing Landscape of Consumer Discretionary Stocks Historically, investors have bet on the consumer discretionary sector when the Federal Reserve (the Fed) cuts interest rates, as these typically have a positive effect on consumer spending habits through easier and cheaper financing rates. However, this time it’s different. The state of the consumer is not what…

The US ADP Employment Data Shows Increase in Job Growth Rise in Jobs Exceeds Forecast The US September ADP employment data shows a rise of 143,000 jobs, surpassing the forecasted 125,000. This marks a notable improvement from the revised August figure of 103,000. This increase comes after five months of slowing job growth, with employment…

Increase in US Hiring Activity Signals Positive Economic Growth Turning Point in Employment Trend In September, US companies increased hiring activity, ending a five-month slowdown in employment growth. Data from the ADP report, often called “mini non-farm payrolls,” showed an increase of 143,000 jobs, surpassing economists’ expectations of 125,000, while August saw the smallest gain…

EALA to Hold Sittings in Uganda! Speaker Among Urges MPs to Attend Exciting News for Uganda! The East African Legislative Assembly (EALA) has announced that its upcoming sittings will be held in Uganda from October 20th to November 12th, 2024. This decision was made during a parliamentary session today, with the Speaker of Parliament, Right…

Alice Oseman: A Master of Heartfelt Storytelling Introduction: When I think about Alice Oseman, a frame from their Heartstopper comic pops into my head. In it, Nick Nelson wraps a blanket around Charlie Spring’s shoulders and says, simply, “There.” To me, that’s Alice’s work in a nutshell. Her books—and Heartstopper’s pitch-perfect adaptation to a Netflix…