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Just In: National Grid Collapses Again As TCN Announces Maintenance On Ife-Ondo Line
~0.9 mins read

The Nigerian national grid has suffered another setback after collapsing again on Tuesday and plunging the country into darkness.

According to the Nigeria National Grid’s X handle, the grid collapsed again on Tuesday With the collapse, power generation across all major stations was plunged to zero megawatts (MW).

As of 2:45 p.m. on Tuesday, generation readings from key plants, including Afam IV & V, Azura-Edo, Egbin, and Shiroro, all recorded no output, resulting in a total generation of 0 MW.

Meanwhile, the Transmission Company of Nigeria (TCN) has informed the public of a planned preventive maintenance operation on the Ife-Ondo 132kV transmission line scheduled for Wednesday, November 6, 2024. It was gathered that the maintenance will take place from 9 a.m. to 4 p.m., during which time power supply may be affected in the surrounding areas.

In a statement issued on Tuesday, Ndidi Mbah, General Manager of Public Affairs at TCN, disclosed the importance of the maintenance work to ensure the reliability and efficiency of the national grid. Mbah explained that the exercise is necessary to enable TCN Lines Maintenance Engineers carry out trace maintenance between Towers 6 and 12. Consequently, Benin DisCo will not be able to offtake electricity to customers on the Ondo and Okitipupa 33kV feeders. Bulk power supply will be restored immediately upon completion of the maintenance,” Mbah added.

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Investopedia
Trump Media Stock, Prediction Markets Move On Eve Of Election Day
~2.0 mins read

Shares of Trump Media & Technology Group (DJT) closed Monday higher, shaking off earlier losses to extend a volatile stretch of trading for the company that has become a measure of investors’ moods ahead of Election Day.

The company, parent of Truth Social and majority owned by former President Donald Trump, is far from the only vehicle for election betting. Some investors have turned to prediction markets, while others have looked to crypto markets. Trump Media has lately been a high-profile example of the action ahead of tomorrow, though.

Trading on little in the way of company news, the stock last week both rose 40% above the previous week’s close and fell more than 20% below it. Trading in the shares was hit with halts several times along the way, and the company’s multibillion-dollar market cap vacillated. 

The stock continued its back-and-forth trading Monday, finishing the day up some 12% to over $34.

Recent polling seen by some analysts as beneficial to Trump’s principal opponent, Vice President Kamala Harris, may have shifted some traders’ bets earlier in the session—a dynamic also seen on prediction markets that, while generally indicating a belief in a Trump victory, have also moved somewhat toward Harris in recent days. 

Bitcoin (BTC), which has outperformed the S&P 500 in recent months, has lately pulled back from recent highs; investors generally see Trump as more crypto-friendly, though his Harris has also signaled support for the industry. 

Bitcoin was trading below $68,000 recently, more than $5,000 below its highs from last week.

Some single stocks have also become particularly linked with the outcome of the election. Tesla (TSLA) CEO Elon Musk is an outspoken Trump supporter, and Wedbush analyst Dan Ives, who has an “outperform” rating on the EV maker’s shares, suggested a range of election scenarios that could affect the stock. These include the possibility of a trade war with China that could weigh on Tesla sales in that market but also a more welcoming environment for the company’s autonomy initiatives, Ives said in a note Sunday.

If, instead of or in addition to, wagering on election outcomes, you’re interested in the policies that the election might produce, here are roundups of the economic policies espoused by Trump and Harris. 

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Investopedia
Analysts Still Bullish On CVS Ahead Of Earnings Despite Recent Stock Drop
~1.3 mins read

CVS Health (CVS) will report third-quarter earnings before the market opens Wednesday after the pharmacy and health-care provider had a rocky October that included a CEO change and layoffs, among other cost-cutting moves.

Despite its roughly 30% drop since the start of the year, the 13 analysts tracked by Visible Alpha remain largely bullish on CVS stock, with nine "buy" ratings and four "hold" ratings. However, the average target price of $68.69 implies that analysts expect CVS to recover some—but not all—of its losses since the start of 2024. The stock closed Monday at $54.65, down 2%.

Revenue is projected to rise to $93.02 billion for the quarter, a bump of about 3.6% year-over-year. But net income is expected to fall by more than 40% to $1.29 billion, or $1.05 per share, according to estimates compiled by Visible Alpha.

CVS reports its latest earnings following a turbulent October, which started with reports that a breakup of its namesake pharmacies and Aetna health insurance provider was being considered after its earnings in the first two quarters of 2024 disappointed and it repeatedly cut profit projections.

Weeks after it was reported that the company met with hedge fund Glenview Capital Management to discuss potential changes to its operations, CVS on Oct. 18 said company veteran David Joyner would take over as chief executive officer (CEO). The company at that time also released preliminary third-quarter earnings per share (EPS) projections of 3 cents to 8 cents and said it would provide new full-year guidance on Wednesday's earnings call.

CVS shares have fallen 19% since mid-October.

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Instablog9ja
It Doesn’t Matter That I’m Married. A Man Cannot Live By Bread Alone — Married Father Of Two Tells A Lady Who Questioned Why He Was Wooing Her
~0.5 mins read

A married father of two has told a lady who questioned why he was wooing her that it doesn’t matter that he is married, a man cannot live by bread alone.

The man has messaged the girl that he wanted her to his girl but she refused because he was married and has two kids but the man said being married doesn’t stop him from having a side chic. The lady then demanded 200k from him but he said it’s too early for that, the lady told him to immediately get off his DM.

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Investopedia
Why Fertilizer Producer Mosaic's Stock Jumped 5% Monday
~1.1 mins read

Shares of fertilizer producer The Mosaic Company (MOS) jumped over 5% on Monday, posting the strongest performance of any stock in the S&P 500 following reports Belarusian President Alexander Lukashenko proposed potash production cuts in an effort to boost prices.

Lukashenko reportedly met Monday with Andrey Rybakov, new chief executive officer (CEO) of Belaruskali, the Eastern European nation's largest potash fertilizer company, and suggested approaching potash producers in Russia to coordinate cutting production of the potassium-rich chemicals and minerals by 10% to 11%.

The move could lead to higher prices, benefitting Mosaic, with Belarus and Russia jointly accounting for around 40% of global potash exports.

Shares of Mosaic climbed 5.4% to finish at $28.33 Monday, though even with Monday's gains, they've lost more than one-fifth of their value since the start of the year.

Mosaic's stock price has been under pressure in recent months, with the company warning in September that "sustained operational challenges"—including electrical equipment failures at two mines in Saskatchewan, Canada—would reduce its potash production and shipment volumes by 200,000 to 300,000 tonnes in the third quarter.

Mosaic is set to report third-quarter results before markets open on Nov. 12.

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Instablog9ja
TV Host Frank Edoho And Fans Exchange Views Over His Response To A Follower Who Claimed To Be His Lookalike
~0.4 mins read

TV host Frank Edoho and fans has exchanged views over his response to a follower who claimed to be his lookalike.

One of his fans didn’t like the way Frank responded to the guy who claimed he looked like him and he considered it ins¥ltive but Frank felt he is a f%%l. But the lookalike guy was indifferent about as he saw it as mere sarcasm.

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