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Nollywood actress and politician, Tonto Dikeh reportedly risks jail term as she’s invited by the police for multiple alleged crimes, including defamation, forgery and others.

Reports gathered that the photo of the letter of invitation by the police has been making rounds on the internet.

The movie star was charged with the following crimes which include, cyberbullying, defamation, forgery, falsehood, and criminal conversion which were reported to the police.

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Paramount Global (PARA) wrote down the value of its cable-TV networks by nearly $6 billion, a day after Warner Bros. Discovery (WBD) also took a massive charge, as streaming services like Netflix (NFLX) continue to disrupt traditional networks.

It also announced plans to save at least $500 million in annualized costs, and will cut about 2,000 jobs, or 15% of its U.S. workforce, the owner of CBS, MTV, and Nickelodeon said in its earnings call.

Still, investors welcomed the news of the cuts, with Paramount's shares rising 5% before the opening bell Friday.

Paramount, whose controlling shareholder, Shari Redstone's National Amusements, struck a deal after months of talks to merge with Skydance Media last month, also reported an 11% year-over-year decline in second-quarter sales to $6.81 billion.

That included a 17% revenue drop in its TV Media unit, which was "primarily driven by fluctuations in licensing revenues."

Subscribers of its Paramount+ streaming service also fell by 2.8 million to 68 million during the second quarter, "principally reflecting the planned exit from a hard bundle agreement in South Korea."

The company said, however, that it is on track for Paramount+ to reach domestic profitability in 2025.

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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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