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President Tinubu has congratulated Prime Minister, Kier Starmer, on election victory.

He said, he warmly congratulate Prime Minister Keir Starmer on the victory of the Labour Party in the United Kingdom general election.

As a former leader of the opposition in Nigeria, Hr specially note the determination and courage that the Prime Minister demonstrated throughout his years in the opposition and as the leader of the Labour Party.

The party’s ability to reform, mobilize, and position itself for victory after 14 years affirms the leadership qualities of Sir Starmer.

He also congratulate the citizens and the government of the United Kingdom for being an abiding model of democracy.

He looked forward to deepening relations between Nigeria and the United Kingdom in mutual areas of interest and in strengthening democratic institutions, as well as in building a safer and more prosperous future for the people of both countries.

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HBC, the parent company of luxury department store Saks Fifth Avenue, has signed a $2.65 billion deal to buy rival retailer Neiman Marcus with support from Amazon (AMZN), according to reports.

The merger has been approved by both companies' boards after months of negotiation, reported on Wednesday, citing sources close to the matter. An official announcement could come as soon as Wednesday evening, the report said.

Amazon is reportedly to take a minority stake in the new company alongside Salesforce (CRM). The new company, which the reported will be called Saks Global, will be run by Saks CEO Marc Metrick.

The move could help the companies better compete in a difficult luxury retail environment.

HBC acquired Saks in 2013.

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Major U.S. equities indexes were mixed in an abbreviated day of trading Wednesday, with the closing bell sounding at 1 p.m. ET ahead of Thursday's Fourth of July festivities.

The S&P 500 closed the pre-holiday session 0.5% higher, notching a record closing high for the second consecutive day. The tech-heavy Nasdaq also continued its record-setting ways, advancing 0.9% to a new high. The Dow ended the day with a minimal decline, pressured by losses in shares of UnitedHealth (UNH) and other components in the health-care sector.

Shares of Paramount Global (PARA) rose 6.9%, marking the top performance in the S&P 500, following reports that the entertainment giant has reached a preliminary agreement for a merger with production company Skydance Media. Negotiations between the companies had reportedly stalled last month, leading to speculation about potential alternative suitors for Paramount.

The reported deal will involve Skydance acquiring National Amusements, the holding company owned by Shari Redstone that controls the majority of Paramount's voting shares, and then merging with Paramount.

Shares of solar panel manufacturer First Solar (FSLR) gained 6.6%, recovering from losses posted Tuesday after investment firm Baird lowered its price target on the stock, citing adjusted pricing and cost forecasts. First Solar remains well-positioned to meet increasing demand for clean energy to power artificial intelligence (AI) data centers, but the outcome of this fall's presidential election could have a significant impact on the company, which has benefited from tariffs and tax credits under the Biden administration.

Tesla (TSLA) shares remained in the fast lane, jumping 6.5%. Wednesday, adding to gains posted in the previous session after the electric vehicle (EV) manufacturer reported better-than-expected vehicle deliveries for the second quarter. The carmaker is set to release its quarterly earnings report on July 23, with Citi analysts saying that attention will be focused on Tesla's auto gross margins and potential updates on product launches.

Shares of pharmacy giant Walgreens Boots Alliance (WBA) tumbled 4.1%, suffering the heaviest losses of any S&P 500 component, after UBS analysts slashed their price target on the stock. Wednesday's move lower extended steep declines posted last week after Walgreens missed quarterly estimates, cut its guidance, and announced that it would close underperforming stores.

Alcoholic beverage producer Constellation Brands (STZ) reported mixed earnings results for its fiscal first quarter of 2025, topping earnings per share (EPS) forecasts but posting revenue just a tick below expectations. The company's Modelo Especial brand remains the top-selling beer in the U.S., and beer sales jumped year over year, but sales of wine and spirits dropped. After initially bubbling higher, Constellation Brands shares changed course, ending the session down 3.3%.

Humana (HUM) shares slipped 3.2% amid news of a class-action lawsuit filed against the health insurer. The complaint alleges that the company materially misled investors about the potential earnings impact of pent-up demand for medical procedures following the pandemic, which led to increased insurance use rates that damaged the company's bottom line.

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A techie has cried out as he revealed that he was br¥talized by police officers, for looking like a Yahoo boy.

He asked, when will Nigeria get better and he wished he could show his face for people to see the sc@r they gave him.

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Any federal loans taken out this school year will have an interest rate higher than any in the past 16 years.

Monday, the Department of Education enacted previously announced increases to student loan interest rates. This increase will not affect any loans taken out before July 1, only federal student loans disbursed during the 2024-25 academic year. 

Student loan interest rates are determined in part by yields on 10-year Treasurys, which have risen as investors remain concerned about high inflation and the Federal Reserve has hiked its benchmark interest rate to its highest level in more than two decades. Depending on the loan type, there is additional interest added by the Department of Education.

As borrowing is becoming more costly, the Department of Education is still working to help student loan holders with their payments. On the same day that high interest rates were implemented, the Saving on a Valuable Education (SAVE) plan cut payments in half for borrowers enrolled in the program.

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Businessman Mompha has reacted after EFCC released a report of a witness narrating how N35 billion was found in his accounts.

He said EFCC is the most useless£s§ and most corr¥pt Nigerian government agency.

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