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Dammy Krane has got released from police custody days after he was arrested for alleged d3famation against Davido.
He said he is apologizes for claiming Davido was responsible for Tagbo’s d3ath and they will always find a ground for reconciliation and do music together.
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Investopedia
3 hrs
10
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It may still be the heat of summer, but for drivers, gas prices may feel a little like spring.
National regular gas prices averaged $3.36 a gallon going into the Labor Day weekend, hovering near lows not seen since March, AAA found. The average is 14 cents lower than the same time last month and $1.66 less than the all-time high recorded in June 2022.
Gas prices have been lower this summer than in recent ones. AAA data shows the national gas price average is around 50 cents a gallon less than during the same time in the past two years. However, the national average is hovering at about 20 cents more than during the same period in 2021.
Geopolitical tensions are having a limited effect on gas prices right now and cease-fire talks could further calm oil investors worries.
A relatively calm storm season is also helping keep prices lower. Limited disruptions at gasoline-producing oil refineries helping push gas prices lower and could help keep prices steady over the rest of the year, analysts said.
“The clouds of war overseas are less dark at the moment and the Atlantic is quiet now too, which is taking pressure off of oil prices,” said AAA spokesperson Andrew Gross in a press release.
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Investopedia
5 hrs
13
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If you're road-tripping this Labor Day, you'll get farther if you steer clear of the West Coast.
National prices for a regular gallon of gas averaged $3.36 Wednesday, hovering near lows not seen since spring. However, gas prices vary by location. Local economics, state regulations, and proximity to supply locations all factor into the cost of gas in each area.
In some states, drivers are enjoying gas prices as low as $2.92 per gallon, while drivers in other states are paying as much as $4.62.
Hawaii, California and Washington are among the states with the highest average gas prices, while Mississippi, Oklahoma and Tennessee residents are all paying less than $3 for a gallon of gas.
While West Coast gas prices may be the highest in the nation, drivers there are paying about 65 cents less on average than at the same time last year, gas price-tracking website GasBuddy estimates.
Lower prices could persist nationwide through the rest of the year, said Patrick De Haan, head of petroleum analysis at GasBuddy.
"The good news is we’re seeing perhaps the best opportunity in years for the national average to fall below $3 per gallon," De Haan said. "As we get closer to Thanksgiving, we should see tens of thousands of stations ultimately fall back below that level.”
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Investopedia
6 hrs
11
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The Supreme Court denied an attempt by President Joe Biden's Administration to restore the Saving for a Valuable Education (SAVE) repayment plan.
Earlier this month, the Biden Administration filed an emergency request that asked the Supreme Court to lift a block placed on the SAVE plan by lower tribunals. The Supreme Court denied the request on Wednesday, upholding the injunction and allowing the block to continue.
The injunction will likely be in place until the court case arguing the plan's legality is resolved.
The income-driven repayment plan, which offered lower monthly payments and easier loan forgiveness, has been blocked since mid-July. Borrowers have been held in limbo as two cases, led by Republican-majority states seeking to block the SAVE plan, worked their way through federal courts.
The lawsuits argue that the SAVE plan's eventual cost is too high for the White House to authorize alone. The case's back-and-forth has resulted in forbearance for all borrowers enrolled in the plan until the cases are resolved.
With this injunction upheld, the merits cases will be argued in lower courts and may eventually be brought back to the Supreme Court.
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Investopedia
7 hrs
9
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OpenSea, one of the largest marketplaces for non-fungible tokens (NFTs) may be facing regulatory action from the U.S. Securities Exchange Commission (SEC).
The company has received a Wells Notice—a notification from the regulator about a completed investigation and any potential enforcement actions—its CEO Devin Finzer said in a post on X.
According to Finzer, the SEC alleges that sale of NFTs on OpenSea broke securities laws because NFTs are securities and those transactions constituted sales of unregistered securities.
NFTs are unique digital assets that provide proof of ownership of an underlying asset such as art, trading cards, sports memorabilia etc. that is verified on a blockchain. They may be exchanged for cryptocurrencies or dollars but are called non-fungible because they cannot be exchanged for each other.
OpenSea contests that the regulator's allegations do not apply and that it is "ready to stand up and fight."
"NFTs are fundamentally creative goods: art, collectibles, video game items, domain names, event tickets, and more, Finzer wrote, adding, "we should not regulate digital art in the same way we regulate collateralized debt obligations."
This action by the SEC is not isolated, as it follows a pattern of increased scrutiny of crypto-related companies. Earlier this year, decentralized exchange Uniswap and blockchain technology firm Consensys also received Wells Notices, indicating a broader regulatory focus on the cryptocurrency and decentralized finance (DeFi) space. Robinhood (HOOD) also disclosed a Wells Notice against its crypto platform in May while crypto exchanges, such as Coinbase (COIN) and Kraken, have ongoing cases with the SEC.
But SEC's enforcement approach has raised concerns about its impact on the entire NFT ecosystem.
Some creators have already taken proactive steps, with two NFT artists filing a lawsuit against the SEC last month, seeking clarity on the regulator's approach to NFTs.
Additionally, OpenSea has pledged $5 million to assist with legal fees for NFT creators and developers who may receive Wells notices from the SEC.
NFTs soared in popularity in 2022, with some specific ones selling for millions of dollars. That said, NFT market activity has decreased dramatically from its peak, according to data from OKX, with weekly trading volume dropping from over $2 billion to around $50 million.
They may have lost momentum but they are not forgotten as former U.S. President Donald Trump released an NFT collection on Tuesday.
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Investopedia
8 hrs
15
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Artificial intelligence (AI) chipmaker Nvidia (NVDA) is set to report its fiscal second-quarter earnings after the bell Wednesday, with investors likely watching what its results could signal about the strength of AI demand.
Nvidia's earning results could be "viewed globally as the most significant 'tell' about the outlook for AI spending," LPL Financial Chief Global Strategist Quincy Krosby said Wednesday, ahead of Nvidia's results.
Krosby said that based on analysts' projections, Nvidia's results are expected to "confirm that demand remains strong," which could boost investor sentiment for the stock and others in the AI space.
Nvidia has established itself as an early winner of the AI boom, with shares more than doubling in value from the start of the year, despite some headwinds in recent months.
Many of Nvidia's partners like Arm (ARM) and Micron Technology (MU), as well as other companies in the AI space, have climbed since the start of the year amid expectations of AI-driven growth.
Nvidia shares were 1.9% lower at $125.84 Wednesday afternoon, ahead of the company's earnings, though most analysts maintained a "buy" or equivalent rating for the stock, anticipating further gains.
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