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Abdelhakim Al-Shalmani, President of the Libyan Football Federation, has officially resigned.
As reported by The Libya Observer, Al-Shalmani’s resignation was revealed during the Federation’s General Assembly meeting on Sunday.
In his statement, Al-Shalmani said, “I no longer wish to be associated with the failure of Libyan sports. I extend my gratitude to all members of the General Assembly and hold no grudges against anyone in the sports sector.”
His resignation follows a controversy involving the Super Eagles of Nigeria, who accused the Libyan football authorities of mistreatment.
The Nigerian team was left stranded for over 16 hours at Al Abraq International Airport without support from the Libyan Federation, ahead of their second leg in the 2025 AFCON qualifiers. The team has since returned to Nigeria.
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Panicked Nigeria superstar Victor Boniface pleaded for his country’s unplanned stay inside a Libyan airport to be ended immediately.
The Super Eagles are furious and are planning to forfeit Tuesday’s game after their AFCON 2025 qualifier was thrown into a state of flux with players revealing they have been without water, food and wifi. And fears over the ongoing stay in Libya – at a base which wasn’t the scheduled airport – has escalated in the wake of the Super Eagles star’s frightening update. A worried Boniface, posting to his social media, said: “This is getting scary now You guys can have the point. We just want to return to our country.”
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Market volatility, high interest rates, inflation and the upcoming presidential election haven't affected the investment strategies of most exchange-traded fund (ETF) investors.
Most ETF investors surveyed by Charles Schwab (SCHW) Asset Management said that these economic and political events did not change the way they invest in ETFs. In fact, roughly a third of the investors put more money into ETFs based on their reading of stock market volatility, high interest rates and persistent inflation, according to the survey results released this week.
ETFs have a track record across market cycles, said David Botset, Managing Director, Head of Innovation and Stewardship at Schwab Asset Management, adding that "investors are confident in their investments even when the outlook is uncertain.”
ETF investors have grown more bullish on certain types of stocks and sectors since last year: 69% are bullish on technology and 60% on growth stocks.
Additionally, 55% of investors are optimistic about the the Magnificent 7, a group of seven mega-cap technology companies including Nvidia (NVDA), Meta (META), Amazon (AMZN), Microsoft (MSFT), Alphabet (GOOG) (GOOGL), Apple (AAPL) and Tesla (TSLA).
The Mag 7 stocks have a big influence on the stock markets and have driven much of the S&P 500's returns over the past year. But when they falter, as they did in July this year, they tend to drag the broader stock market down with them.
The survey also showed how investment preferences vary across generations.
For instance, 62% of millennials (or those born between 1981 and 1996), said they plan to invest in cryptocurrency ETFs over the next year versus 15% of Boomers (or those born between 1946 and 1964). A quarter of millennials said they plan to invest in alternatives ETFs, compared with just 11% of boomers.
At the same time, 44% of millennials also want to increase their exposure to lower-risk fixed income ETFs. In contrast, fewer GenX (34%) and Boomer (26%) investors plan to do likewise.
This is in line with other recent studies that point to recent stock market volatility making millennials more risk-averse compared to some older generations.
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Nollywood actress Adesua Etomi and her husband, singer and actor Banky W, have welcomed their second child. The couple, who tied the knot in a star-studded ceremony in 2017, shared the joyous news with close friends and family.
This new addition comes after the birth of their first child, Zaiah, in early 2021. Fans and well-wishers have since flooded social media with messages of congratulations and love for the couple.
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What You Need To Know Ahead Of UnitedHealth’s Earnings
UnitedHealth Group (UNH) Will Repor...
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UnitedHealth Group (UNH) will report third-quarter earnings before the opening bell Tuesday, with investors likely to be watching for continued growth from its Optum division.
The health insurer is expected to post third-quarter revenue of $99.3 billion, an over 7% increase year-over-year, and net income of $6.16 billion, up from $5.84 billion in the prior-year quarter.
Last quarter, revenue from UnitedHealth's Optum division jumped 11.7% year-over-year to $62.9 billion as it added more patients at Optum Health and raised the number of customers using its Optum Rx pharmacy service.
Analysts expect $63.7 billion this quarter, which would represent a 12% increase. The number of Optum Health patients and those using the OptumRx pharmacy service are also expected to grow from the year-ago quarter.
UnitedHealth may also provide updates on its lawsuit against the Centers for Medicare & Medicaid Services (CMS) after the agency downgraded the quality rating of its Medicare Advantage plans.
UnitedHealth alleges that CMS lowered its ratings “based on an arbitrary and capricious assessment of how [UHC’s] call center handled a single phone call that lasted less than ten minutes,” according to a complaint filed in a Texas district court.
The company had 7.7 million members on Medicare Advantage plans at the end of the second quarter. That could change with the open enrollment period beginning on Oct. 15.
UnitedHealth shares have gained nearly 14% in 2024 so far, at $598.05 as of Friday's close.
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