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Yakuk Ishaq, a Nigerian businessman, has made a striking revelation after stating that he married his second wife the day she was born.

He clarified that he visited a friend who had recently given birth at the hospital in 1993 with his mother, without knowing that the baby girl would end up becoming his bride thirty-one years later.

Yakuk Ishaq noted that after seeing the baby, he took her and offered prayers for her.

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Taiwan Semiconductor Manufacturing Co. (TSM), the world's largest contract chipmaker, said July revenue surged 45% year-over-year, showing buoyant demand for the chips that have helped power the artificial intelligence (AI) boom.

Sales for the month reached 256.95 billion New Taiwanese dollars ($7.93 billion), while revenue between January and July soared 30.5%.

TSMC last month reported second-quarter results that beat analysts' estimates on booming AI demand and projected an up to 33% gain in third-quarter sales. TSMC supplies chips to both AI darling Nvidia (NVDA) and iPhone maker Apple (AAPL).

TSMC is a beneficiary of the CHIPS and Science Act aimed at bringing advanced production of chips to the U.S. The White House announced plans to award TSMC up to $6.6 billion in grants earlier this year, which the Taiwanese firm said would help it fund a third factory to its site in Arizona.

The news of the July revenue boost lifted TSMC's American depositary receipts (ADRs), which gained 2% an hour before the opening bell Friday.

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SoundHound AI (SOUN) shares surged 21% on Thursday after the provider of voice generative artificial intelligence (AI) announced that it had acquired enterprise AI software firm Amelia for $80 million, a deal aimed at expanding its footprint in conversational AI across new verticals and brands.

However, the stock gave back 5% in extended trading after SoundHound reported its quarterly results. Although earnings and revenue both surpassed estimates, the company still posted a larger GAAP net loss in the period compared to a year earlier, possibly contributing to post-market weakness.

Below, we take a closer look at the technicals on SoundHound’s chart and point out important price levels to watch out.

Since recording their 2024 high in mid-March, SoundHound shares have oscillated within a descending triangle, a chart pattern consisting of one trendline connecting a series of lower highs and a second horizontal line connecting a series of lows. 

Although technical analysts typically consider descending triangles bearish, they can also signal the continuation of a move higher if formed following an uptrend, which is the case on the SoundHound chart. Moreover, the stock’s close Thursday above the 50-day moving average on the highest trading volume since mid-July favors an upside breakout. 

Looking ahead, investors should monitor three key higher price levels likely to gain attention.

Firstly, it’s worth watching if the shares can break out above the descending triangle’s top trendline, which currently sits around $5.75. A volume-backed move would likely act as a catalyst for further buying and could potentially trigger a short squeeze, given that more than 26% of the stock’s float is held in short positions.

Upon a breakout, the stock could test the $8.60 level, where sellers may be happy to book profits near a horizontal line connecting the June 2022 countertrend peak with a series of prices located around this year’s high.

A more bullish move may lead to a retest of the $15 area, where the shares would likely run into overhead resistance near a range of trading levels situated in close proximity to the SoundHound’s all-time high (ATH) set in early May 2022.

Despite the bullish technicals on SoundHound’s chart, investors should monitor the descending triangle’s lower trendline around $3.50. A breakdown below the pattern opens the door for falls to lower crucial support levels at $2.60 and $1.60.

After the 21% jump during Thursday's regular session, SoundHound shares fell 5% to $4.95 in after-hours trading.

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A Nigerian businessman has taken to X to share the story of his friend who lost out on a job she applied for, after going for the interview in an outfit that was ‘’disgusting” to the chairman of the company.

According to the X user, the young lady had applied to be the personal assistant to the CEO of an oil firm. He said she had scaled the first interview and that it was before the second interview that she got disqualified on the grounds of her ‘’appearance.” He said the chairman of the company found her multiple piercings, leg chain and outfit which showed her panty lines disgusting.

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Faced with persistent inflation and a resilient labor market, one Federal Reserve official said the central bank still had time to evaluate economic conditions before moving to cut interest rates. 

Speaking Thursday on a National Association of Business Economists webcast, Richmond Fed President Tom Barkin said economic conditions still showed strength and didn’t warrant a quick reaction from the central bank to cut interest rates.

After a weak July jobs report last Friday sent markets reeling, investors and economists questioned whether the Fed should act more aggressively on interest rate cuts. The Fed's policy committee opted last week to leave the influential fed funds rate unchanged at its highest level since 2001, though Fed Chair Jerome Powell did say the committee could start easing policy as soon as September.

Barkin said there were two cases where the Fed would need to respond quickly with interest rate cuts, one being a quick rise in unemployment, the other being a faster drop in inflation, neither of which was occurring. 

He also said that while recent inflation data was looking better, with the latest reports showing price pressures easing across more parts of the economy, forecasts don’t have inflation moving much lower from current levels over the rest of the year. 

“Are you ready to declare victory on inflation or would like to see a little more? That’s one part of the question,” Barkin said. 

Additionally, Barkin said that neither data nor conversations with employers in his district indicated that mass layoffs were imminent. Barkin pointed out that data showed “cautious” businesses had slowed hiring, but they weren’t firing either. 

“You’ve got some room to see more on the labor side, you’ve got room to see more on the inflation side,” Barkin said, noting that Fed officials will get several more pieces of economic data before its next meeting on Sept. 17-18. “It made sense to me to take the time and learn whatever we learn over the next seven weeks.”

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