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Instablog9ja
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63-year-old man has been arrested at a car dealership for allegedly attempting to buy 2 cars worth over $150,000 with a deceased person’s identity in Tennessee, USA.
On August 10, 2024, at 12:20 p.m., officers responded to a fraid at Gossett Kia at 1900 Covington Pike. Officers were advised that a male suspect was in the business attempting to purchase two Kia Tellurides using a false Tennessee driver’s license in the name of a deceased individual. Officers took the male into custody after he completed the purchase paperwork. He had the keys to both vehicles at the time of his arrest. The vehicles were valued at $158,885.00.
William Hayes, 63, was charged with Forgery $60,000-$250,000 and Attempted Theft of Property $60,000-$250,000. His bond has been set at $50,000.00.
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Investopedia
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Major U.S. equities indexes pushed higher as positive economic news added steam to the recovery that has seen stocks bounce back from an early-August selloff.
The S&P 500 gained 1.6% on Thursday, while the Dow was up 1.4%. The Nasdaq jumped 2.3%, boosted by strength from the technology sector.
The daily gains came as a new government report showed a greater-than-expected increase in retail spending in July, demonstrating the resilience of U.S. consumers in the face of economic headwinds. Meanwhile, strong earnings results from Walmart (WMT) provided additional confirmation that consumers have not stopped shopping, even if they may be seeking discounts in response to high inflation.
Shares of Ulta Beauty (ULTA) notched the biggest daily gain of any S&P 500 stock, soaring 11.2%. A regulatory filing from Warren Buffett's Berkshire Hathaway (BRK.A) showed the legendary firm has snapped up a stake in the cosmetics retailer. Berkshire also took a position in electronics company Heico (HEI), whose shares were up 1.1% on Thursday.
After posting the heaviest losses in the S&P 500 on Monday and Wednesday, Albemarle (ALB) shares rebounded on Thursday, gaining 8.6%. The lithium producer has come under pressure as prices of the metal sputter, but Albemarle remains in a good position to benefit from an eventual recovery in the lithium market, and the stock's dividend yield of over 2% may be attractive to some investors.
Super Micro Computer (SMCI) shares added 8.6%, continuing to mount a recovery from a 20% decline suffered last week when the server manufacturer reported lower-than-expected quarterly profits and announced a 10-for-1 stock split. Following Thursday's gains, Supermicro stock has fully rebounded from the post-earnings plunge.
Paramount Global (PARA) shares jumped 7.1% following multiple reports that media executive Edgar Bronfman Jr. is set to make a bid for the entertainment giant. Bronfman's potential offer to buy Paramount and parent company National Amusements adds a new wrinkle to the story after months of negotiations with a variety of suitors for the film and TV business. Last month, Paramount agreed to the terms of a merger with production company Skydance Media after prolonged talks.
Shares of Fair Isaac Corp. (FICO), the financial analytics firm known for its credit scores, receded from an all-time high, tumbling 4.2% to log the weakest performance of any stock in the S&P 500 on Thursday. The loss followed filings with the Securities and Exchange Commission (SEC) disclosing that two key FICO executives have sold shares in the company. Investors often interpret sales by insiders as a lack of confidence in the company's upcoming performance.
MarketAxess (MKTX) shares lost 2.9% on Thursday. The operator of a digital trading platform for fixed-income securities posted mixed results in its quarterly report released last week, topping profit forecasts but missing sales estimates. Diminished trading activity of U.S. high-yield bonds and elevated expenses weighed on the firm's performance.
Telecom stocks came under pressure after the Committee on Foreign Investment in the U.S. (CFIUS) fined operator T-Mobile (TMUS) $60 million for its failure to block and disclose unauthorized access to sensitive data. The fine relates to incidents that occurred after T-Mobile, which is majority owned by Germany's Deutsche Telekom, completed its acquisition of U.S.-based Sprint Corporation. T-Mobile shares slid 1.0%, while shares of rival AT&T (T) fell 2.8%.
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Instablog9ja
1 h
12
To address flooding, Lagos government has demolished houses built on the canal along the System 157 – Orchid Road – Eti Osa drainage channels.
After several months of stakeholders engagements with property owners built on Systems 156 and 157 drainage path, the agreements to implement the agreed redesigned plan which were not honored/neglected by the community, the Lagos State Ministry of the Environment and Water Resources commenced removal of illegal structures built on the canal along the System 157 – Orchid Road – Eti Osa drainage channels to deflood the area.
Dell's Stock Price Surged 25% In Just Over A Week—Here’s Why
Dell Technologies (DELL) Shares Jum...
Investopedia
1 h
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Dell Technologies (DELL) shares jumped Thursday, adding to recent gains after J.P. Morgan analysts added the stock to an “Analyst Focus List” highlighting the legacy computing company’s opportunity for long-term artificial intelligence (AI) gains.
Shares finished 7% higher at $110.21 Thursday, contributing to the stock’s 25% jump after six straight days of gains, and 44% rise since the start of the year. Over three-quarters of analysts tracked by Visible Alpha gave the stock a “buy” rating, with a consensus target price of $152.44, representing over 38% upside from Thursday’s closing price.
J.P. Morgan analysts, who lifted their price target for Dell stock to $160 from $155 on Thursday, said the stock could be poised for AI-related gains and offers an "attractive entry point from a valuation perspective after the recent pull-back."
Dell shares had plummeted in May after the company's first-quarter results showed a double-digit decline in operating income, despite strong demand for AI servers, raising worries about margin pressures and competition in the AI server market.
The analysts indicated that while some concerns about margins and competition persist, they said it's still the “early innings" of the AI server market, with Dell positioned for AI-related revenue growth.
The company's AI server offerings for enterprise customers could drive long-term, AI-driven growth, the analysts said, though they noted Dell will face pressure to show margin improvement.
Melius analysts said that the first half of the fiscal 2025 "needs to be the trough" for margins, with margin improvement in the second half.
Dell could tell investors it's accelerating cost-cutting in an effort to improve margins, similar to legacy peers like Intel (INTC) and Cisco (CSCO). Dell is set to report second-quarter earnings on Aug. 29.
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Instablog9ja
3 hrs
14
Singer BNXN has called for the legalization of ‘vegetables’ in Nigeria.
He said the government should legalize l%ud in the country.
Investopedia
3 hrs
15
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Shares of Robinhood Markets (HOOD) climbed Thursday after the e-brokerage posted strong user data and Deutsche Bank analysts upgraded the stock, citing "attractive growth potential.
Robinhood late Wednesday said it had 24.2 million funded customers at the end of July, up about 70,000 from June and more than 1 million from the same period a year ago. Assets under custody (AUC) were $144.5 billion, a 3% rise from the month before and up 53% year-over-year.
Deutsche Bank, meanwhile, raised its rating on the stock to "buy" from "hold," lifting its price target from $21 to $24. The shares finished 4.8% higher at $19.55 on Thursday, pushing their year-to-date gain to 53%.
The analysts wrote in a note to clients that they see Robinhood’s growth potential as “exceptionally attractive.” That outlook, they said, was supported “by solid growth in transaction revenue and good cost control across a more diversified business base.”
Deutsche Bank also credited management with expanding the business beyond “simple brokerage trading, citing efforts to add customers including Gold subscriptions, retirement accounts and international expansion.
Deutsche Bank said that it believes the e-brokerage group is “best positioned in the near-term should volatility in equity and fixed income markets persist, given their defensive earnings characteristics in that backdrop scenario.”
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