Select a category

Members of the Non-Academic Staff Union of Educational and Other Associated Institutions (NASU) have announced plans to resume their suspended strike due to four unpaid salaries from the Federal Government.

Prince Peters Adeyemi, the General Secretary of NASU, shared this information during the union’s National Executive Council (NEC) meeting in Abuja.

While he didn’t specify an exact start date for the strike, it’s anticipated that the NEC will finalize their decision during the meeting.

Prince Adeyemi stated that the members’ patience has worn thin, asserting, “We are going to resume the suspended strike.”

Recall that President Tinubu had, in October 2023, directed that NASU and Senior Staff Association of Nigeria Universities, SSANU, members be paid two out of the four months withheld salaries by the federal government under President Muhammadu Buhari in 2022, following a prolonged strike over unresolved disputes. [SWIPE]

#Instablog9jaNews #TrendingStory #Awareness #StayUpdated

Continue reading on Instablog

Former One Direction star Liam Payne has reportedly passed away in Argentina after reportedly f***ing from the third floor of his hotel balcony.

TMZ reports that 31-year-old singer was in Buenos Aires for pal Niall Horan’s tour when he the tragic incident occurred on Wednesday afternoon, October 16.

In a statement, the capital police said they were called to the hotel in the capital’s leafy Palermo neighborhood where they were notified of an “aggressive man who could be under the effects of dr+gs and alc%hol.”

Payne was best known as a member of One Direction. The group, which included Harry Styles, Zayn Malik, Louis Tomlinson, and Niall Horan, shot to international fame after forming on the UK version of The X Factor in 2010.

After One Direction’s hiatus in 2015, Payne pursued a solo career, releasing his debut album LP1 in 2019. Payne leaves behind a son, Bear, born in 2017, whom he shared with former Girls Aloud singer Cheryl Cole.

#Instablog9jaNews #TrendingStory #Awareness #StayUpdated

Continue reading on Instablog

Novavax (NVAX) shares plummeted nearly 20% Wednesday after the Food and Drug Administration (FDA) stopped research on the biotech firm's experimental combination COVID-19 and flu vaccine and standalone flu shot following a report of nerve damage in one patient who took the combination injection.

The company announced the FDA placed its clinical hold on the treatments because of "a spontaneous report of a serious adverse event (SAE) of motor neuropathy in a single CIC Phase 2 trial participant outside of the U.S. who received the vaccine in January 2023."

Novavax Chief Medical Officer Dr. Robert Walker said although the company doesn't believe "causality has been established," it was working closely with the FDA "to provide the necessary information that will allow them to better understand this observation and resolve the clinical hold." Walker added that Novavax's goal is to begin a Phase 3 trial "as soon as possible."

The company noted that its current COVID-19 vaccine is not impacted by the FDA action.

Even with today's selloff, shares of Novavax have more than doubled this year.

Read more on Investopedia

Intel (INTC) shares fell Wednesday after a Chinese industry group said the chips that Intel sells in China should be reviewed for national security risks. 

According to a report Wednesday from , the Cybersecurity Association of China (CSAC) said Intel has “constantly harmed” the country’s interests and security. The body, while not a government agency itself, called for a review of Intel products by the Cyberspace Administration of China (CAC), the country’s cyberspace and internet regulator, the news agency reported. 

"It is recommended that a network security review is initiated on the products Intel sells in China, so as to effectively safeguard China's national security and the legitimate rights and interests of Chinese consumers," CSAC said Wednesday, per .

Intel didn't immediately respond to a request for comment by .

There is some precedent for China taking action against American semiconductor companies. In 2023, the CAC banned the sale of Micron Technology (MU) products to companies in China, citing a similar national security review.

Intel shares dropped about 4% early Wednesday, then recovered some ground to trade about 1% lower, at $22.42, by 1:15 p.m. ET. They have lost more than half their value year-to-date.

Read more on Investopedia

The Dow Jones Industrial Average was higher at midday Wednesday as strong earnings reports offset continued worries about the semiconductor sector. The S&P 500 and Nasdaq were little changed.

Banks stocks got a lift as Morgan Stanley (MS) and U.S. Bancorp (USB) both reported better-than-expected results, boosted by strong net interest income.

Shares of United Airlines (UAL) took off as the carrier beat profit and sales estimates and announced a $1.5 billion stock buyback on improved travel demand. 

Prologis (PLD) shares gained after the largest industrial real estate firm's funds from operations (FFO) exceeded forecasts.

Ulta Beauty (ULTA) shares tumbled when the beauty products maker said that it faces a challenging environment.

The selloff continued for New York-traded shares of ASML Holding (ASML) following the Dutch chip equipment maker's warning about demand for non-artificial intelligence (AI) semiconductors.

Novavax (NVAX) shares plunged when the Food and Drug Administration (FDA) put holds on the biotech firm's combination COVID-19 and flu vaccine and standalone flu shot because of a report of a patient developing nerve damage.

Oil futures fell. Gold prices rose. The yield on the 10-year Treasury note dropped. The U.S. dollar was up on the euro, pound, and yen. Bitcoin traded higher.

Read more on Investopedia

Amazon (AMZN) is the latest tech giant to invest in nuclear power to help meet its rising electricity demand and power its energy-demanding artificial intelligence projects and Amazon Web Services (AWS).

Amazon on Wednesday announced a trio of investments to explore the development of or support existing nuclear facilities, specifically small modular reactors. The reactors are smaller and easier to build than traditional large nuclear power plants, which the International Atomic Energy Agency says can be built in a wider variety of places.

The investments include projects in Washington state and Virginia, with both state-run and private utility companies like Dominion Energy (D) and Energy Northwest, and an investment into a company developing new nuclear technology. The energy created will be used to power Amazon facilities and surrounding communities.

Dominion projects that power demand in Virginia is growing by 5% per year, and expects it to double over the next 15 years.

Amazon also said it is investing in X-Energy, which is developing new technology for "next generation" SMRs, as part of a $500 million funding round that also includes the University of Michigan, Ares Management and Ken Griffin—CEO of the Citadel hedge fund.

Alphabet's (GOOGL) Google and Microsoft (MSFT) have also announced nuclear power investments over the last month, as the tech giants search for clean energy sources as electricity demand is projected to continue rising to power data centers and AI technology.

Read more on Investopedia