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Instablog9ja
30 s
11
VeryDarkMan has shower praises on the Minister of Interior, Bunmi Tunji-Ojo, for suspending senior prison officials in connection with Bobrisky’s bribery allegations.
He said the honorable minister of interior Olubunmi Tunji Ojo you have proven himself to him before so he was just relaxed watching and boom he did it again with the suspension of some officers that might be involved with this whole bobrisky saga.
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Pending Home Sales Barely Rose From Record Low In August
Pending Home Sales Bounced Back In ...
Investopedia
38 s
15
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Pending home sales bounced back in August from a record low, but the bounce was more like a deflated thud than the modest rebound forecasters had anticipated.Pending home sales, a forward-looking measure based on purchase contract signings, rose 0.6% in August from July, the National Association of Realtors said Thursday. The uptick left the index still close to the all-time low it hit in July and was less than the 1% increase forecasters had expected, according to a survey of economists by and .
The slow sales highlight how high prices and mortgage rates hurt the housing market. According to housing affordability measures by the association and the Federal Reserve Bank of Atlanta, monthly mortgage payments for typical homes are out of reach for buyers with typical incomes.Mortgage rates have fallen recently as the Federal Reserve has moved to slash borrowing costs, but rates are still far higher than the ultra-low ones available during the pandemic. The average mortgage rate fell to 6.09% last week, below the recent peak of 7.79% last October, but far above the 2021 low of 2.65%. The drop hasn’t been enough to bring priced-out buyers back into the market. Lower mortgage rates have also enticed more owners to put their homes up for sale, though inventory remains below pre-pandemic levels.“Despite having more buying power and more for-sale home options, buyers are proceeding cautiously, perhaps waiting to see homeownership costs soften further,” Hannah Jones, economic research analyst at Realtor.com, said in a research note.
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Instablog9ja
60 m
14
The Federal Government has suspended the officers in charge of the Maximum and Minimum Custodial Centres, Kirikiri, Lagos State, following an audio leak indicating that cross dresser, Idris Okuneye aka Bobrisky who was convicted of a crime and sentenced to six months in jail was given an apartment outside the custodial centre.
Secretary of the Civil Defence, Correctional, Fire and Immigration Services Board, CDCFIB, Ja’afaru Ahmed disclosed this in a statement issued on Thursday in Abuja.
The Minister of Interior, Dr Olubunmi Tunji-Ojo had on Wednesday initiated a probe of the allegations.
In the statement Ahmed said the suspension of the officers is to allow for further investigation on the various allegations, upholding that the result would be made available to the public.
He said, “Following the viral video trending on social media on alleged infractions by Officers of the Nigerian Correctional Service relating to Mr. Idris Okuneye, widely known as Bobrisky, the Civil Defence, Correctional, Fire and Immigration Services Board has suspended forthwith the following Senior Officers of the Service. Michael Anugwa, Deputy Controller of Corrections (DCC), In-Charge of Medium Security Custodial Centre (MSCC), Kiri-kiri, Lagos State; and Sikiru Adekunle, Deputy Controller of Corrections (DCC), In-Charge of Maximum-Security Custodial Centre (MSCC), Kiri-kiri, Lagos State.”
Micron's Post-Earnings Pop Leads Other Chip Stocks Higher
Micron Technology (MU) Shares Surge...
Investopedia
1 h
10
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Micron Technology (MU) shares surged Thursday after the memory chip maker's revenue and outlook blew past expectations, leading Nvidia (NVDA) and other semiconductor stocks higher.
Shares of Micron were up over 12% in intraday trading, while shares of partner Nvidia (NVDA) also gained before reversing course. Advanced Micro Devices (AMD), Broadcom (AVGO), and Taiwan Semiconductor Manufacturing Company (TSM) rose as well, boosting the tech-heavy Nasdaq.
Nvidia, Micron, and other chip companies have seen their revenue and stock prices climb amid a boom in demand for infrastructure to support artificial intelligence (AI).
Micron CEO Sanjay Mehrotra said Wednesday the company's fiscal fourth-quarter sales nearly doubled from a year ago to $7.75 billion, driven by "robust AI demand."
Mehrotra also said the company's sales are expected to continue growing, projecting current-quarter revenue could reach a record high between $8.5 billion to $8.9 billion.
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Instablog9ja
2 hrs
14
Bobrisky has declared that God will vindicate him from those trying to frame him.
He added that he is ready for any investigation, but not in the same EFCC office where he was detained. He demanded an independent and open investigation for the world to see. He is not the maker of the audio and didn’t publish it. He’ll see you all in court.
Improved Retail Sales Lift CarMax's Results—and Its Stock
CarMax (KMX) Shares Drove Higher Th...
Investopedia
2 hrs
12
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CarMax (KMX) shares drove higher Thursday after the biggest U.S. used car retailer posted better-than-anticipated results on higher retail vehicle sales.
The company reported fiscal 2025 second-quarter earnings per share (EPS) of $0.85, $0.02 more than the estimate by analysts surveyed by Visible Alpha. Although revenue slipped 0.9% year-over-year to $7.01 billion, that also exceeded forecasts.
Retail used unit sales increased 5.1% to 211,020, while wholesale vehicle sales declined 0.3% to 141,458. Comparable store unit sales gained 4.3%.
Gross profit per retail unit was $2,269 and $975 per wholesale unit. Both were in line with last year's second quarter.
The company bought 300,000 vehicles in the period, a 2.9% increase, driven by a 61.4% jump in purchases from dealers. Purchases from consumers dropped 1.2%.
Chief Executive Officer (CEO) Bill Nash explained that CarMax was pleased with the "continued improvement of the business" while managing through "industry-wide auto loan loss pressure."
CarMax shares advanced about 6% in late-morning trading Thursday to move into positive territory for 2024.
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