MP Ssemujju Slams Government for Arresting FDC Members in Kenya: A Violation of Human Rights

MP Ssemujju criticizes gov’t over arrest of FDC members in Kenya Kira Municipality Member of Parliament, Hon. Ibrahim Ssemujju, has castigated government over the recent arrest of members of opposition party, Forum for Democratic Change (FDC), in neighboring Kenya. Thirty-six FDC leaders were last Tuesday arrested in Kisumu, Kenya and have since been charged with…

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Wabtec’s Earnings Miss the Mark, But Strong Cash Flow Offsets the Disappointment

Westinghouse Air Brake Technologies: Fourth-Quarter and Full-Year Earnings Miss Analysts’ Expectations Locomotive technology specialist Westinghouse Air Brake Technologies (WAB) reported their financial results for the fourth quarter and full-year 2024 on Wednesday, February 12. The company’s earnings did not meet the consensus expectations of financial analysts. Fourth-Quarter Results The company reported an adjusted Earnings Per…

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“Unraveling the US Consumer Watchdog: The Financial Industry’s Worst Nightmare in Limbo”

At a JPMorgan townhall meeting on Wednesday, CEO Jamie Dimon was asked whether the Trump administration’s decision to abruptly stop work at the Consumer Financial Protection Bureau (CFPB) and question its existence was good news for the industry. The Impact of the CFPB on the Financial Industry The Consumer Financial Protection Bureau was established in…

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Sofi Technologies’ Stock Takes a Dip: A Closer Look at the Soft Guidance Behind the Decline

SoFi Technologies: A 10% Plunge in Shares Amidst Disappointing Guidance On Monday, the financial markets witnessed a significant downturn for SoFi Technologies (SOFI) as shares plummeted by a staggering 10%. The digital financial firm’s disappointing guidance, based on “macro assumptions” about the future, sent ripples through the investment community. SoFi’s Financial Performance: SoFi Technologies, a…

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“US Dollar Forecast: Weak GDP and Sticky Inflation Keep Fed Cautious – Bond Yields and GBP/USD Outlook”

The US Dollar’s Struggle Amidst Economic Slowdown Understanding Q4 GDP and Inflation Rates The US Dollar faced challenges as the Q4 GDP growth rate slowed to 2.3%, in line with expectations but representing a deceleration from the previous quarters. This slowdown was accompanied by an inflation rate holding steady at 2.2%, raising concerns about the…

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