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Instablog9ja
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Actress Christabel Egbenya has celebrated the arrival of her second child.
With joy in my heart, I announce the birth of our amazing son. Chikamso Mark Jr Onumajuru God has definitely done it for my family for the second time. This journey wasn’t an easy one but I’m grateful to God for making me now a mother of two lovely kids. Big thanks to our God almighty for this wonderful blessing.
Investopedia
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SpaceX successfully completed its Polaris Dawn launch just after 5 a.m. ET Tuesday morning, with four astronauts headed to the highest orbit above Earth in decades.
After initially targeting a launch around 3 a.m., Elon Musk's space exploration company said unfavorable weather led it to push the time back, eventually lifting off at 5:23 a.m. ET.
Dozens of experiments for data about human health in space and tests of Starlink equipment are set to be completed by the four astronauts during their orbit, which SpaceX says will last up to five days. They also are aiming to complete the world's first spacewalk by commercial astronauts.
SpaceX says the spacewalk currently is targeted for Thursday just before 2:30 a.m. ET, with another opportunity available Friday at the same time. The company said a livestream of the launch will be viewable on X and its website about an hour before the spacewalk begins.
Space Capital wrote in a recent edition of its Space Investment Quarterly that investments in space exploration in the first half of 2024 totaled more than the entirety of investment in the industry in 2023. More deals in the industry were done in the second quarter than in any of the previous nine, it said.
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The Court of Justice of the European Union (EU) on Tuesday ruled against Alphabet's (GOOGL) Google, which had appealed a 2.4-billion-euro ($2.7 billion) fine for abusing its dominant position by favoring its own shopping services over those of its competitors.
Europe's top court upheld a 2017 decision by the European Commission, the EU's executive arm.
The Court of Justice also ruled against fellow tech giant Apple (AAPL) on Tuesday, saying it must pay a 13-billion-euro ($14.4 billion) tax bill after overturning a lower court ruling on Irish tax breaks.
"We are disappointed with the decision of the Court. This judgment relates to a very specific set of facts," a Google spokesperson told . "We made changes back in 2017 to comply with the European Commission's decision. Our approach has worked successfully for more than seven years, generating billions of clicks for more than 800 comparison shopping services."
Last week, the U.K.'s Competition and Markets Authority (CMA) said Google may have broken competition laws by abusing its influence and using "anti-competitive" practices in prioritizing its own ad exchange. Meanwhile, early last month a U.S. federal judge ruled that Google held an illegal monopoly on search.
Alphabet shares rose more than 1% soon after the opening bell Tuesday and are about 8% higher year-to-date.
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Instablog9ja
2 hrs
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OAP Toolz has prayed for a visa applicant after seeing him on his knees, praying over his documents at the UK visa application centre in Victoria Island, Lagos.
She said she drove past the UK visa centre in Victoria Island and saw this guy on his knees in front of his car praying over his documents. She prayed for God’s favour for him.
Investopedia 2 hrs 14
Oracle (ORCL) shares surged more than 9% in extended trading on Monday after the enterprise software company posted better-than-expected fiscal first quarter results and announced a multicloud partnership with Amazon’s (AMZN) cloud business, Amazon Web Services.
The software giant’s stock has gained around 34% since the start of the year prior to Monday’s after-hours jump, as growing demand for its cloud services, particularly in artificial intelligence (AI) applications, has powered earnings in recent quarters.
Below, we’ll take a close look at the technicals on Oracle’s chart and point out important post-earnings price levels to watch out for. The stock rose 8.9% to $152.30 in after-hours trading Monday.
Oracle shares staged a decisive breakaway gap above 12-month trading range in mid-June but subsequently retraced the move throughout most of July to the initial breakout area. However, bulls stepped in to defend this important technical level in early August before driving a rally of more than 11% from last month’s low ahead of the company’s quarterly results.
Amid the stock’s projected jump to a new all-time high (ATH) following its upbeat report, investors can forecast both a shorter-term and longer-term price target using technical analysis.
We can forecast a shorter-term price target by using the measuring principle, sometimes referred to as the measured move technique.
This works by calculating the distance between the trading range’s upper and lower trendlines and adding that amount to the June breakout point. For instance, we add $27 to $127, which projects a target of $154.
Investors can predict a longer-term price target by using a bars pattern.
We do this by extracting the stock’s upward trending move from December to June and position it from last month’s swing low. Doing so projects an upside target of around $180.
Moreover, that prior advance occurred over 126 trading days, indicating that the shares could remain in an uptrend until early February if a similar move were to play out.
During retracements or periods of profit taking, investors should monitor how the price responds to the $145 level, an area on the chart that may flip from providing prior resistance into offering future support following the stock’s projected jump above this region on Tuesday.
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Investopedia
3 hrs
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Household budgets likely got a welcome break in August, with prices falling or staying flat for important items including food and gas, if forecasts of an upcoming inflation report are correct.
The Consumer Price Index (CPI) report Wednesday should show prices rose 2.6% over the year through August, down from a 2.9% annual increase in July, according to a survey of economists by and .
Falling prices for gas and stable prices for food likely helped keep overall inflation in check, several economists said. If the prediction holds, the annual inflation rate would be a fresh low since March 2021.
Should inflation stay tame as forecasters expect, it would bolster the recent evidence that consumer prices are well on their way back to the stability that people had gotten used to before the pandemic.
Starting in March 2022, the Fed hiked its benchmark rate to its highest since 2001, pushing up borrowing costs on mortgages, car notes, and other loans in an effort to quell the post-pandemic surge of inflation. Since then, inflation has cooled, nearly reaching the Federal Reserve’s goal of a 2% annual rate, prompting Fed officials to pivot to rate cuts.
Whether CPI inflation meets economists' expectations will largely depend on how quickly rents rose. Housing costs make up two-thirds of the overall value of the price index.
Many economists expect rent to start putting downward pressure on inflation as official government measures catch up to cooling rent increases shown by other, more up-to-date data sources. Last month’s report defied those expectations, showing an unexpected rent increase.
Cooling inflation would also be welcome news to officials at the Federal Reserve who manage the nation’s monetary policy and could pave the way for the central bank to make a series of cuts to its benchmark interest rate at its three remaining meetings this year.
The inflation report will be one of the last major economic data releases Fed officials see before they decide on their interest rate moves at the Sept. 17-18 policy meeting.
Fed officials are widely expected to cut the influential fed funds rate by a quarter of a percentage point, but financial markets are pricing in an outside chance of a larger half-point cut, according to the CME Group’s FedWatch tool, which forecasts rate movements based on fed funds futures trading data. “Barring some extraordinary surprises, there should be nothing in this report that would deter the Fed from making a rate cut and quite possibly a large one,” Dean Baker, senior economist at the Center for Economic and Policy Research think tank wrote in a commentary.
A larger cut would boost the economy, potentially bolstering the increasingly shaky job market, but it would also take some of the downward pressure off inflation.
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