Advertisement

profile/5377instablog.png.webp
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.

Continue reading on Instablog

profile/2681Capture.PNG.webp
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.

Do you have a news tip for Investopedia reporters? Please email us at [email protected]

Read more on Investopedia

Advertisement

profile/5377instablog.png.webp
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.

Continue reading on Instablog

profile/2681Capture.PNG.webp
Investopedia
What Wall Street Analysts Think Of Novo Nordisk's Stock Ahead Of Earnings
~1.1 mins read

Novo Nordisk (NVO), maker of popular weight-loss drugs Ozempic and Wegovy, is set to report third-quarter earnings Wednesday morning, with Wall Street analysts generally bullish on the Danish drugmaker's stock.

Analysts with current ratings tracked by Visible Alpha have six "buy" and five "hold" or equivalent ratings. The average price target for the company's shares on its home stock exchange is 963.36 Danish krone (about $140), about 28% over its Monday close.

The company could face increased competition in the weight-loss market in coming years. Companies like Viking Therapeutics (VKTX) and AstraZeneca (AZN) this week offered new data for their own weight-loss drugs in various stages of clinical trials.

Deutsche Bank analysts said Monday that they believe Novo Nordisk, along with Mounjaro and Zepbound-maker Eli Lilly (LLY), have "built moats" that will make it difficult for other companies to scale production enough to challenge their dominant positions in the weight-loss market.

Analysts expect Novo Nordisk to report 72.17 billion krone ($10.48 billion) in revenue for the quarter, with Ozempic and Wegovy sales projected to rise 28% and 63%, respectively, from the same time last year.

Eli Lilly's results missed estimates last week, with sales of Mounjaro and Zepbound continuing to rise and bolster Lilly's revenue.

Do you have a news tip for Investopedia reporters? Please email us at [email protected]

Read more on Investopedia

profile/2681Capture.PNG.webp
Investopedia
Marriott Says Americans Are Staying Home This Election Season
~1.3 mins read

The Harris-Biden matchup is turning Americans into homebodies, according to one hotel chain.

Marriott International (MAR) CFO Kathleen Oberg said the election has curtailed demand to a greater degree than prior election cycles. Marriott has “meaningfully lower” bookings for this week and the next, Oberg said Monday on an earnings call Monday.

“The election impact on U.S. and Canada [revenue per available room] is forecasted to be around negative 300 basis points in November and negative 100 basis points for the quarter, double that of past election cycles,” Oberg said on the call, a transcript of which was made available by AlphaSense. (A basis point is a hundredth of a percentage point.)

Marriott on Monday reported $584 million in profit in the third quarter, down from $752 million a year ago. Diluted earnings per share were $2.07, compared to $2.51 a year prior, the company said. The hotelier’s global revenue per available room, which grew 3% year-over-year in the third quarter, is expected to flatten in the fourth, CEO Anthony Capuano said.

Some other travel and hospitality businesses have said demand was down heading into the presidential election, as Americans vote and await results in the race between Vice President Kamala Harris and former President Donald Trump. 

“What happens during a national election is that people tend to stay home,” Avis Budget Group (CAR) President and CEO Joseph Ferraro said during his company's conference call on Monday.

Do you have a news tip for Investopedia reporters? Please email us at [email protected]

Read more on Investopedia

Advertisement

profile/5377instablog.png.webp
Instablog9ja
Just In: Court Strikes Out Suit Against #EndBadGovernance Protesters
~1.0 mins read

A Federal High Court in Abuja has struck out the suit against persons charged over the nationwide #EndBadGovernance protest.

The Trial Judge, Justice Obiora Egwuatu, on Tuesday, struck out the suit following an application by the counsel to the Attorney General of the Federation, M. D Abubakar, to take over and discontinue the suit.

The Attorney General of the Federation, Lateef Fagbemi, who was represented by the Director of Public Prosecution of the Federation (DPPF) Mohammed Abubakar had at the proceedings announced the exercise of his power of section 174 of the 1999 Constitution to take over the case from the Inspector General of Police. After granting the request by Justice Egwuatu, the AGF proceeded to request the invocation of the same section of the Constitution to discontinue the trial of the 119 accused persons.

Following no objections to the request from various lawyers representing the accused persons, Justice Egwuatu granted the request and struck out the charges. Although the accused persons were not in court, the judge ordered their immediate release from prison.

President Bola Tinubu had on Monday directed the AGF to terminate the charges against the accused persons, most of who are said to be minors and prohibited by law from facing such trial.

Continue reading on Instablog

Loading...