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The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has sheds light on why Jesus and his apostles didn’t collect tithes.

Speaking during the October edition of the RCCG Holy Ghost Service, Adeboye said: “One of my pastors went online and preached a sermon on why people should not pay tithes. I watched the sermon, thinking I would learn something profound.

He said we shouldn’t pay tithes because Jesus didn’t collect tithes. I said, ah, Jesus was not a parish pastor, He was a world evangelist.

Forgive me for saying so, but it was a very shallow sermon. Jesus was not a parish pastor; He was a world evangelist.

The Bible in Luke 8:1-3 tells us that certain women, including Mary Magdalene, Joanna, and Susanna, supported His ministry financially.”

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Shares of Albemarle (ALB), Arcadium Lithium (ALTM), and Sociedad Quimica y Minera, or SQM (SQM), jumped Friday following a report that mining giant Rio Tinto (RIO) could be looking to buy a company in the lithium sector.

wrote, "Rio Tinto may join BHP (BHP) in a big acquisition and some believe that a major deal in the lithium space may now not be too far away."

One of the world's biggest mining companies, Rio Tinto is better known for its copper, iron ore, and diamond extraction. However, it does produce lithium, which it says "is part of our portfolio of materials essential to a low-carbon future."

Lithium is a key ingredient in batteries used to power electric vehicles (EVs), as well as personal electronics such as laptops and cellphones. 

Albemarle is the top lithium producer. However, it has struggled lately because of the tumbling price of lithium, which was driven lower by falling demand for EVs. In addition, Chief Executive Officer (CEO) Kent Masters has complained about China's dominance in the market, and warned Western nations they need to take steps to end it or risk losing supplies.

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Akwa Ibom State Governor Umo Eno has appointed his daughter, Mrs. Helen Eno Obareki, as the Acting First Lady following the passing of his wife, Pastor Patience Umo Eno.

The announcement was made during a condolence visit by Nigeria’s First Lady, Senator Oluremi Tinubu, and other dignitaries in Uyo on Friday, October 4.

“I married her when she was 19, and I was 22. I called her Oluwa-Kemi because she was truly a gift from God. We went through many challenges together, and her passing is an irreplaceable loss for me.

To maintain the Office of the First Lady and carry forward my late wife’s work, I present our daughter, Helen, to continue the duties of the office. She will work closely with the Deputy Governor and the Commissioner for Women’s Affairs and Social Welfare,” he said.

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Employees of the National Agency for Food and Drug Administration and Control (NAFDAC), which oversees health and food regulation, have issued a 72-hour strike notice to the federal government, citing anti-worker practices.

Leadership reports that the workers vowed to embark on the nationwide strike from October 7, 2024 if their demands are not met.

According to the General Secretary of the in-house union, Comrade Salih Ahmed Aledeh, the strike action follows the expiration of a 14-day ultimatum issued earlier given to NAFDAC management to address their demands.

‘’In a significant development affecting Nigeria’s public health sector, workers at the National Agency for Food and Drug Administration and Control (NAFDAC) will commence an indefinite strike starting October 7, 2024.

The strike action follows the expiration of a 14-day ultimatum issued to NAFDAC management, which failed to address concerns raised by the agency’s branch of the Medical and Health Workers’ Union of Nigeria.

The strike which will commence at 00:01 hours on October 7, 2024, was initiated after NAFDAC management failed to respond to issues raised in a communique from a congress meeting held on September 20,” Aledeh said.

The strike directive was issued by the leadership of the Federal Area Council of the Medical and Health Workers’ Union of Nigeria. As a result, all NAFDAC staff have been instructed to participate in the strike.

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Meta Platforms (META) shares hit another record high Friday as investors continue to pile into the stock, impressed by the tech giant’s latest artificial intelligence (AI) and metaverse innovations revealed last week at the company’s Connect conference.

Earlier this week, the shares received a boost after Pivotal Research analyst Jeffrey Wlodarczak initiated coverage on the stock with a “buy” rating, pointing out that the Facebook and Instagram parent’s AI initiatives have it well placed to boost user engagement, helping the company gain market share in search and social media.

Meta shares were up 0.4% at around $585 in midday trading Friday. The stock has gained 65% so far in 2024, handily outpacing the S&P 500’s return of around 20% over the same period.

Below, we take a closer look at the technicals on Meta’s chart and point out key price levels worth watching.

Meta’s price has continued to grind higher since breaking out from an ascending triangle last month, however, trading volumes have decreased throughout the move, potentially signaling a tiring uptrend in the stock.

Moreover, while the relative strength index (RSI) confirms bullish price momentum, it also warns of overbought conditions, opening the door to short-term profit taking.

Looking ahead, investors should eye several key retracement levels on Meta’s chart, while also monitoring a couple of bullish price targets we can forecast using technical analysis.

During an initial pullback in the stock, it’s worth keeping an eye on the $535 level, a key region on the chart near the ascending triangle top trendline that may have flip from providing prior resistance into offering future support.

A breakdown below this level could signal a potential trend reversal, leading to a retest of lower support around $480, an area where the shares would likely attract buying interest near the rising 200-day moving average and a range of similar trading levels on the chart between February and August.

Forecasting chart-based price targets essentially works by using historical price action to predict future moves.

To project a price target using the measuring principle, we calculate the distance between the symmetrical triangle’s two trendlines near the start of the pattern and add that amount to the breakout point. In this case, we add $165 to $535, which forecasts a target of $700.

We can predict a price target using the bars pattern by taking Meta’s trend higher from December to March and overlaying it on the chart from last month’s low, a technique that forecasts a target of around $790. 

The prior move, which also started from the lower trendline of an earlier ascending triangle, occurred over 62 trading days, meaning a similar trending move could potentially play out until early December if price history rhymes.

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The European Union (EU) voted to impose more tariffs on Chinese-made electric vehicles (EVs), risking further retaliation from Beijing, which in August launched an anti-subsidy investigation into EU dairy imports.

The final tariffs reportedly could rise as high as roughly 45% when including the EU's existing 10% tariff on imported vehicles. In preliminary versions of the plan, the European Commission, the EU's executive arm, said that the tariffs would range between 9% and 36%.

The EU is wrapping up a lengthy investigation into whether Beijing's subsidies allow Chinese EVs to be sold at such a low price that they are anti-competitive. The EU will present its "definitive findings" by Oct. 30.

The Commission said that it will continue to work with Chinese officials to find "an alternative solution" before the tariffs are finalized.

China has said there is no evidence that its imports harm the European market, and some EU members have voiced concerns that China could retaliate with its own new tariffs, as it has already opened its own investigation into dairy imports from the bloc.

Earlier this year, the U.S. and Canada boosted tariffs on Chinese EVs, with the White House saying the move was aimed at protecting American workers "from China's unfair trade practices."

In response to the proposed EU tariffs, in June Stellantis (STLA) announced it would shift some EV production from China, while Tesla (TSLA) said it would raise prices for its Model 3 in Europe.

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