Wall Street Wahala, Gold Rush & Foldable Phones: Here’s What You Missed
Last night, I was scrolling through my phone, trying to unwind after a long day when boom—notification overload. CNBC, Bloomberg, even my WhatsApp stock group were buzzing. “Nvidia down!” “Gold is flying!” “Zuckerberg wan use Instagram do ojoro!”
At first, I wanted to ignore it. But then I thought—how will my people understand all this market gbege if I don’t break it down for them?
So here I am.
Let me gist you everything that happened on Wall Street yesterday and why it matters—especially if you’re a Nigerian trying to build wealth globally.
1. Nvidia’s China Wahala – $5.5 Billion Loss
You know those H20 chips Nvidia makes? The U.S. government just banned them from being exported to China. Why? National security. Uncle Sam doesn’t want China flexing too much tech muscle.
Result? Nvidia expects a $5.5 billion hit. That’s over ₦6.7 trillion gone! Just like that.
Lesson: Even the best stocks can get hit. Always diversify. That’s why we preach ETFs or a well-balanced stock portfolio.
⸻
2. United Airlines Flying High
$UAL dropped its Q1 report and it was solid. If the economy stays okay, they’re expecting EPS of up to $13.50 in 2025. Even if recession hits, they’ll still hold their own.
Lesson: Some companies are built to survive storms. UAL is acting like the Air Peace of America. Watchlist-worthy for long-term investors.
⸻
3. White House & Trade Wars (Again)
The U.S. is reviewing over 15 trade deals. They haven’t touched corporate taxes yet, and they’re still giving China and Canada the cold shoulder.
As a Nigerian investor? Global trade drama affects global companies. Don’t sleep on geopolitics—it can hit your stock hard.
⸻
4. Fund Managers Are Jumping Ship
According to BofA, there’s been a record 53-point drop in allocations to U.S. stocks. 82% of fund managers expect the global economy to weaken.
Translation: Big money is moving cautiously. You too, no go dey do pass yourself. Stay invested, but stay informed.
⸻
5. Apple’s ₦3 Million Phone?
Leaks say the foldable iPhone might cost between $2,100–$2,300. That’s more than ₦3 million! For a phone that folds like Ankara wrapper.
Real Talk: The price is wild, but Apple lovers will still queue. This could boost Apple’s earnings long-term, but the barrier to entry is high.
⸻
6. OpenAI Building a ‘ChatGPT Social Network’
Imagine Instagram, but powered by AI. That’s what OpenAI is cooking—a social network that uses image-generation AI. No one knows if it’ll be inside ChatGPT or standalone.
Why it matters: Data is the new oil. The more data OpenAI gets, the smarter its tech. Could be big for AI-focused ETFs or tech-heavy investors.
⸻
7. Tariff Tensions Rising
China said no more Boeing jets. Canada delayed U.S. tariffs. EU-U.S. talks are stalling. Basically, trade tension is back like it never left.
If you own companies that rely on international trade (like Boeing), expect choppy waters.
⸻
8. U.S. Consumers Are Broke or Just Tired
Financial outlook just hit a new low—worse than during the 2008 crisis. Even during peak COVID, people were more hopeful.
And you know what that means? Less spending = slower growth = impact on your U.S. stock holdings.
⸻
9. Trump Targets Minerals
The U.S. is investigating if imports of minerals like uranium and rare earths are a national security risk. If yes, tariffs dey come.
Investors, take note: This could affect industries like EVs, defense, and tech. Keep an eye on related stocks or ETFs.
⸻
10. Gold is Doing Yahoo Plus Returns
$GLD (a popular gold ETF) has taken in $80 billion this year alone. Gold is up 22% YTD and has hit 52 all-time highs in one year.
Why? Because people dey fear stock market. Gold is the go-to safe haven.
Pro Tip: Always keep a small portion of your portfolio in gold. Even Warren Buffett doesn’t joke with it.
⸻
11. U.S. Housing Inventory – Highest Since 2007
Over 500,000 new single-family homes are up for sale. That’s the highest since before the housing crash. Be careful—this could be a red flag.
Lesson: Even real estate gets shaky in uncertain economies. Diversify.
⸻
12. Meta’s FTC Wahala
Zuckerberg said he bought Instagram because their camera was better. FTC said it was a “killer acquisition” to kill competition. If Meta loses this trial, they might have to sell Instagram and WhatsApp!
That’s like GTB losing GTBank and Habari in one day. It’ll be brutal.
So, what should you do with all this info?
• Diversify your portfolio (we’ll help you build one—send a DM).
• Avoid emotional investing. Bad news today doesn’t mean bad long-term results.
• Keep learning. Start with our two bestsellers:
• Nigerian Stocks 101
• Stocks Made Easy: The Investor’s Handbook
Both books break down this madness in simple, street-level grammar. Link dey for bio.
If all this news dey confuse you, relax. That’s why we exist.
Our Portfolio Setup & Management Service was created specifically for Nigerian investors like you—whether you’re just starting or already investing and want a smarter structure.
Final Word?
The market will always have drama. Your job is to stay invested, stay informed, and stay ready.
Wall Street never sleeps. And neither should your money.
Your Money Guy
Iyeke Feji
(Astra Fidelis Ltd.)
PS: If you read till the end, tell me in the comments: Which of these 12 headlines shocked you the most? Let’s talk.
Meta FTC wahala, lol. 😂. I don't really like that Mark Zuckerberg guy