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Instablog9ja
5 m
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Reality TV star, Kim Oprah has revealed that money does not stop you from traveling to your favorite destination.
She said doesn’t know who needs to hear this but money does not stop you from traveling to your favorite destination.
Investopedia
6 m
14
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Shares of Sea Limited (SE), the Singapore tech conglomerate that runs online shopping website Shopee, soared Tuesday after the company reported double-digit revenue growth in all its business segments for the second quarter.
Sea posted second-quarter adjusted earnings per share of $0.54, with revenue up 23.0% to $3.8 billion. Both exceeded estimates.
The biggest driver of revenue growth was e-commerce sales that soared 40% to $2.5 billion. Shopee has a significant presence in South Asia, Taiwan and Latin America.
CEO Forrest Li said because of its strong first half results, Sea expects Shopee's adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) to be positive starting in the third quarter. The company is also is raising its full-year outlook for gross merchandise value (GMV) to mid-20% growth.
Sea also owns Garena, the gaming business behind popular game Free Fire and other digital entertainment such as publishing and e-sports. SeaMoney, is the company's digital finance subsidiary offering mobile wallets and process payments in Southeast Asia and Brazil.
Digital financial revenue increased 21.4% to $519.3 million, while digital entertainment revenue climbed 21.1% to $536.8 million.
"Garena delivered a strong quarter, with more than 20% year-on-year growth in bookings, mainly contributed by Free Fire," said Mr. Li, adding that the game had more than 100 million active players.
Sea Limited's American Depositary Shares rose 11.9% to finish Tuesday's session at $74.85. The stock has risen 85% since the beginning of the year.
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Instablog9ja
1 h
15
Governor Abba Kabir Yusuf of Kano State has said that all the alleged corruption cases filed by the APC National Chairman, Ganduje, residing at the State High Court, have been carted away by the violent Protesters.
Kano State High Court of Justice was among hundreds of other places vandalized and set ablaze by the End Bad Government Protesters when they came out in their hundreds against hunger and starvation in the country.
However, Governor Yusuf who paid an assessment visit to the State High Court, on Wednesday, expressed worry that the corruption charges case files of former Governor Ganduje have been taken away from the court. The Governor, who was conducted around the court premises by the Attorney General and Commissioner of Justice, Haruna Isah Dederi, Chief Registrar of the High Court, Abdullahi Ado Bayero, and other High Court Judges of the state, was furious at what had happened at the court.
This was contained in a press statement made available to newsmen in Kano by the Governor’s Spokesperson, Mr Sanusi Bature Dawakin Tofa today. The statement described the vandalization as a master-minded and staged-managed mission in which the hired miscreants carted away corruption charges documents on former governor of Kano State, Abdullahi Umar Ganduje who has been facing multiple charges before the state High Court.
“It is very unfortunate that enemies of Kano State hired undesirable elements to vandalise one of the historic public buildings with a mission of averting corruption charges against the Ag. National Chairman of APC and former governor of the state Dr Abdullahi Umar Ganduje, his family and aides.”
The statement added that the miscreants destr3yed virtually all units of the High Court including the office of the state Chief Judge with a loss of more than one billion naira through the stealing of office equipment, destrying offices, b3rning cars and other relevant materials crucial to the dispensation of justice.
Governor Kabir called on the youths in the state to desist from being used by detractors to engage in vilence, rather they should concentrate on skills acquisition for a better future, emphasizing that the government will not relent in securing the lives and property of the people of Kano State.
The Governor assured that the judiciary as the last hope of the common man must be protected at all costs, he directed the immediate rehabilitation of the building and deployment of adequate security for effective justice delivery. He commiserated with the Chief Judge, Dije Abdu Aboki and the entire Judiciary family for the ugly incident urging them to brace up to cover what was lost in the court proceedings for the benefit of the common man.
Investopedia
1 h
13
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Shelter costs were once a main driver of inflation. That may finally be changing, with Wednesday's CPI report for July set to offer fresh clues that could inform the outlook for interest rates.
Home prices and rent soared during the pandemic as high demand for housing ran headlong into consumers relatively flush with cash because of government stimulus programs and ultra-low mortgage rates.
Rental increases stabilized in early 2022 after the Federal Reserve started raising interest rates to combat inflation. That change was slow to be reflected in the widely-watched Consumer Price Index since changes in asking rents typically take a year or more to show up in CPI measures of housing costs.Shelter costs rose 0.17% in July, the smallest increase since January 2021 according to last month’s CPI report. Because housing is such an important part of the overall measure of inflation, that moderation helped push the annual rate down to 3%.
Many economists expect the trend to continue in Wednesday’s highly anticipated report on July inflation.
If official inflation measures continue to show a cooling of rent prices, it could augment the case for the Fed to lower its benchmark fed funds rate at its next meeting in September.“Given the sharp deceleration in rental inflation, much of the focus will be on whether or not the more normal prints in the June data will repeat themselves,” Justin Weidner and other economists at Deutsche Bank wrote in a commentary. “Given that the regional rent data did not seem to exhibit any anomalies and leading indicators are constructive, we expect that to be the case.”
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Instablog9ja
2 hrs
9
Singer King Rydda and bestie Saidaboj has dr@gged each other by the hair over a video where a lady opened his car door for him, as Saidaboj b3rates his new song ‘Nwoke’
She said music has left him and he should leave music to do other things and he was even flaunting a beautiful lady to open the door for him.
Rydda replied by saying he is a bad influence on Igbo girls as she does not know culture and she should leave his social media space alone.
Click to watch
Investopedia
2 hrs
11
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Nvidia (NVDA) shares gained over 6% Tuesday as Goldman Sachs strategist Scott Rubner called it the "most important stock" of the year.
Rubner suggested the chipmaker's earnings later in the month and the Federal Reserve's Jackson Hole Economic Symposium could herald a rally for the stock market.
Nvidia reports earnings on Aug. 28, with the strategist expecting an earnings-fueled post-market move could potentially mark "the technical low for the largest index weights and AI darlings," ahead of a September rally.
Rubner said the market could be poised for a Labor Day rally, leaving "a short term window to buy the dip as technical pressure eases."
However, the Goldman strategist warned investors could face a "tricky" second half of September ahead of the U.S. presidential election before welcoming new highs in the fourth quarter.
Nvidia shares closed 6.5% higher at $116.14 Tuesday, helping make up for recent losses. With Tuesday's gains, the stock has more than doubled in value since the start of the year.
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