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Instablog9ja
20 m
15
The Police in Abuja have arrested a Naval Personnel identified as Able SeaMan Abdulrashid Mohammed, for the m3rder of the son of his boss who is a former Chief of Naval Staff, Vice Admiral Ishaya Iko Ibrahim.
FCT Police Commissioner, Benneth Igweh revealed that the Navy Rating had on Sunday, August 18, 2024, robbed the deceased, identified as Aminu Ibrahim, of an SUV and subsequently opened fir3 on him, k+lling him instantly.
“Police operatives took him into custody and preliminary investigation revealed that the suspect is a Sea Man of the Nigerian Navy on guard duty at the residence of a Retired Naval officer and the vehicle belongs to late Aminu Ibrahim (the son of late Admiral I. Ibrahim a former Chief of Naval Staff), who was k+lled and his Prado SUV snatched on 18/08/2024 at river Benue Street Maitama,” She said
She added that Mohammed attempted to escape from Police custody but was immediately rearrested. “The suspect freely confessed to being a member of a three-man gang that specializes in armed robbery/snatching of luxury vehicles and selling them off outside the FCT,” Igweh said.
During interrogation, the suspect confessed “I work at the house. He wanted to go out at night, around 11:30. He said he needed security. So, I followed him with my gun. Along the way, he stopped to check his ATM, as if he was going to buy something. I thought maybe I was going to escort him to a market or somewhere. Then, when I came out through the other door, I sh+t him, took the car, and left. I’m a guard and a seaman in the Navy. He did not do anything to me; I k+lled him to steal his car.”
Investopedia
20 m
13
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Super Micro Computer (SMCI) shares plunged double digits after the server and data center tech maker announced on Wednesday it would be delaying the filing of its annual Form 10K with the Securities and Exchange Commission (SEC), following Hindenburg Research disclosing a short position in the stock.
Shares were down roughly 26% around 11:24 a.m. ET on Wednesday. Despite Wednesday's losses, the stock has still gained nearly 41% year-to-date.
The company said it expects to file its annual report for the fiscal year later and plans to file a Notification of Late Filing on Friday.
"SMCI is unable to file its Annual Report within the prescribed time period without unreasonable effort or expense," Super Micro said in a press release Wednesday morning, adding that "additional time is needed for SMCI’s management to complete its assessment of the design and operating effectiveness of its internal controls over financial reporting as of June 30, 2024."
This announcement came just a day after Hindenburg Research, an activist investment research firm focused on short selling, published a report that accused the company of accounting anomalies and disclosed a short position.
Super Micro has been a major beneficiary of the AI boom as an Nvidia (NVDA) partner, which sent shares surging in the early months of 2024. More recently, concerns around margin pressure and the company's earnings miss earlier this month have sent the stock lower.
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Instablog9ja
1 h
14
The Nigeria Immigration Service (NIS) on Monday offered reasons why a Zimbabwean Bishop, Eben Nhiwatiwa of the United Methodist Church was arrested and detained.
Bishop Nhiwatiwa was reportedly taken into custody in Yola, the capital of Adamawa State, for allegedly entering the country with invalid travel documents. The Adamawa State Comptroller of Immigration, Ibrahim Mohammed told SaharaReporters exclusively that the cleric was caught performing religious duty with a “visit visa”, instead of a “religious visa”.
It was reported on August 25 how Zimbabwean Bishop Eben Nhiwatiwa of the United Methodist Church had reportedly been detained by Nigerian Immigration authorities, despite having all necessary documents. Bishop Nhiwatiwa arrived in Nigeria on August 21, 2024, to oversee the election of a new bishop for the church’s Nigerian chapter, following the resignation of Bishop John Wesley Yohanna. His detention has raised concerns. However, during a meeting with church members in Yola, Adamawa State, on Friday, August 23, 2024, Bishop Nhiwatiwa was reportedly taken into custody by Nigerian immigration officers. After several hours of detention at the Yola Immigration office, he was confined to his hotel under immigration guard before being transferred to Abuja on August 24, 2024, where he was held at the Immigration Headquarters. This detention appeared to be linked to internal power struggles within the United Methodist Church in Nigeria, with allegations suggesting that the former bishop may be orchestrating the detention to maintain control over church assets and hinder the election process.
However, clearing the air on the circumstances surrounding the cleric’s arrest and detention on Monday, Comptroller Mohammed said, “The bishop was arrested because he was found doing religious business with a visit visa.” Mohammed further disclosed that the Methodist bishop was in the country to superintend an election of a new bishop, for a faction of the church that supports gay practice.
“We arrested him following an information that he was presiding over a church meeting with the aim of electing a new bishop.And it is prohibited to perform any religious duty with a visit visa. He required a religious visa to function as such. Again, we gathered he was in the country to supervise the election of a new bishop for a faction of the church which believes in same s+x marriage. And we all know that our laws have outlawed same s+ marriage. So basically, he deceived our embassy in his country, because I think he knows the difference between the two visas.
When we flew him to our headquarters in Abuja the Zimbabwean ambassador came and we showed him the visa and he was surprised the bishop came on a visit visa.”
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Salesforce (CRM) will release its fiscal 2025 second-quarter results after the bell Wednesday, with investors likely watching for improving operating margins and updates on artificial intelligence (AI) initiatives.
Analysts project revenue to grow to $9.24 billion from $8.6 billion a year ago, according to estimates compiled by Visible Alpha. Net income is expected to be $1.34 billion, or $1.36 per share, a rise from the year-ago period but down from the previous quarter.
After Salesforce's first-quarter results sent shares tumbling, raising concerns about the company's future growth, Deutsche Bank analysts said they expect investors to focus on operating margin, where they see a slight upside.
They wrote, "Investor sentiment on Salesforce leans more bearish vs. prior quarters" due to debates around margin potential, medium-term growth trajectory, and AI monetization. The analysts added they are "hard pressed to come away from the quarter changing viewpoints on GenAI monetization and revenue trajectory, though anticipate performance/commentary on margin will likely signal the margin opportunity" for the second half of the fiscal year and fiscal 2026.
According to Visible Alpha, analysts expect operating income to be $1.74 billion on $9.24 billion in revenue, which would translate to an operating margin of 18.8%.
Despite concerns about growth, some analysts highlighted Salesforce's potential for AI-related gains.
In a note titled "Don't Count Software Out of Gen-AI," Goldman Sachs analysts said that application software incumbents, like Salesforce, have developed Gen-AI products amid the AI boom.
The company likely will provide updates on its AI initiatives and customer adoption of its AI platform Einstein 1.
Salesforce shares were 0.8% lower at $261.83 in early trading Wednesday ahead of the company's earnings after the bell, and were little changed from the start of the year.
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Investopedia 2 hrs 15
Bitcoin (BTC) slumped overnight and is well below its March all-time high as investors search for the next catalyst to drive the price higher heading into a month when the pioneer cryptocurrency tends to underperform.
The cryptocurrency has only generated a positive return three times in the month over the last decade, according to data from crypto analytics site .
Bitcoin, which trades around 18% below its record set in early March, has struggled to gain traction in recent months as the January launch of spot Bitcoin exchange-traded funds (ETFs) and April’s halving event slip further into the rearview mirror.
Bitcoin was recently trading at around $60,000, after slipping below $59,000. The cryptocurrency traded at more than $73,000 in March.
Below, we’ll take a closer look at Bitcoin’s chart while turning to technical analysis to identify key price levels of interest.
Bitcoin’s price has traded within a descending channel since early July, with volumes on Coinbase (COIN) remaining mostly subdued throughout the pattern, indicating lackluster investment interest in the legacy cryptocurrency.
In another bearish development, the 50-day moving average crossed below the 200-day MA earlier this month to create a death cross, an appropriately named chart signal that cautions the start of a new downtrend. More recently, Bitcoin’s close on Tuesday below the 50-day MA will likely weigh on short-term momentum in the absence of a new bullish narrative.
Given the recent volatility in Bitcoin and other risk-on assets, investors should monitor these bull and bear case price levels in the world’s largest cryptocurrency.
An initial breakout above the descending channel’s upper trendline could see Bitcoin’s price move up to $68,500, an area where sellers may decide to bank profits near twin peaks that formed on the chart in July.
Further upside momentum may lead to a retest of $72,000, where the cryptocurrency’s price could meet selling pressure just under the all-time high (ATH) near a horizontal line linking a series of comparable trading levels between March and June.
Ongoing selling could see the price fall to around $53,000, a location where bulls may look for buying opportunities near a period of consolidation that formed during the cryptocurrency’s strong move higher from January to March.
A deeper correction may trigger a trending move down to $47,000. The area, which sits around 20% below Tuesday’s closing price, could find support from a range of prices positioned just below the January swing high.
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Instablog9ja
3 hrs
9
Video director TG Omori has said he’ll be up soon.
He made this promised after Kidney transplant surgery.
