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Instablog9ja
12 m
15
Controversial Nigerian singer Portable has sparked outrage with comments made during a recent interview on the podcast Echoo Room with Quincy Jonze. Portable suggested that the late Afrobeats pioneer and activist Fela Anikulapo-Kuti passed away early because he “did not mind his business.”
In the interview, which has gone viral on social media, Portable criticized Fela’s dedication to fighting for Nigerians’ rights, claiming that Fela’s activism ultimately cost him his life.
“According to what we were told, if Fela had minded his business a little, he would have lived longer. But he was busy fighting for Nigerians wey no fight for themselves,” Portable remarked, referencing Fela’s opposition to military regimes and social
Investopedia
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Rentokil Initial (RTO) shares traded in the U.S. cratered Wednesday after the pest-control company warned that slow sales in North America and negative currency impacts will drag down full-year earnings by 80 million pounds ($104.5 million).
The owner of dozens of exterminator brands said it expects to lose 20 million pounds ($26.1 million) in adjusted operating profit in its North American operations because of slower revenue growth. The company said that while it saw some positive momentum in sales in the second quarter, “the trading performance in July and August was lower than anticipated.”
Rentokil also said it had ramped up operations to deliver enough product during the peak season in North America. However, with slowing demand, “the operation was over-resourced in both sales and service,” boosting expenses. It spent more than anticipated on materials and consumables, adding another 50 million pounds ($65.2 million) hit to adjusted operating profit.
On top of its issues in North America, Rentokil noted that the pound has gained value versus the U.S. dollar, and if rates hold, that could create an additional 10 million pound ($13 million) headwind for the firm.
Rentokil Initial shares were down 21% at $24.94 in intraday trading Wednesday following the news. They've lost close to 13% of their value since the start of the year.
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Instablog9ja
1 h
13
A 28-year-old NHS nurse, Ruth Auta, has been sentenced to three years in prison after leaving her ten-week-old baby, Joshua Akerele, unattended in her accommodation while she went to work, Daily Mail reports.
The tragic incident occurred on December 20, 2022, when Auta, a single mother, abandoned her infant for eight hours to complete her shift at Royal Bolton Hospital.
Upon returning, Auta found her son unresponsive in his cot and called emergency services. Despite efforts, Joshua was pronounced d3ad, with tests suggesting he may have overheated due to being wrapped in multiple layers of clothing and bedding.
Auta initially claimed she had picked Joshua up from a childminder after her shift, fed him, and found him unresponsive the next morning. However, police investigations revealed CCTV footage of her leaving and returning to her accommodation without her child. Further investigation uncovered incriminating text messages where she urged the childminder to lie about caring for Joshua.
Auta pled guilty to charges of cr¥elty to a child and attempted to flee the UK for Nigeria after the charge was brought, but was detained at Gatwick Airport. She was sentenced to three years imprisonment at Bolton Crown Court.
Investopedia
1 h
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Dave & Buster’s Entertainment (PLAY) posted a better-than-expected profit for the second quarter as the chain made changes to its menu, pricing strategy, and added new locations.
The company reported second-quarter diluted earnings per share (EPS) of 99 cents, above analysts' estimates compiled by Visible Alpha. Revenue rose 2.8% from a year ago to $557.1 million, below forecasts.
CEO Chris Morris said the chain’s new menu “continues to be well received by our guests,” and the company's top line and margins benefited from testing of pricing levels for games, food, and beverages. An increase in special events business and new stores also helped.
Still, comparable store sales fell 6.3% from a year ago as Morris said the company faces a "complex and challenging environment." Morris said Dave & Buster’s is “laser focused on our medium-term goals and encouraged by the progress we are making on each of the initiatives,” anticipating a rebound in the coming quarters.
Shares of Dave & Buster's rose in early trading Wednesday before giving up gains later in the session. They've lost over 44% of their value since the start of the year.
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Instablog9ja
2 hrs
15
A man has raises a thought-provoking question for Nigerians.
He said iPhone 16 is out and some people are still using XR, 11, & 12 series?
Investopedia
2 hrs
12
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For months, Kamala Harris and Donald Trump have taken shots at each other's economic policies. The rivals will soon have the chance to do that face-to-face in their first televised debate.Inflation, taxes and student loan debt are some of the economic issues the two presidential candidates will likely bring up if they stick to the themes of their recent campaign speeches and statements.
The debate will be broadcast live on Tuesday, Sept. 10, at 9 p.m. Eastern time.
The cost of living has risen significantly since the start of the pandemic, especially during a burst of rapid price increases in 2021 and 2022. Although inflation has simmered down since, household budgets face prices that are, on average, 21% higher than they were before the pandemic, according to the Consumer Price Index, a broad measure of prices for the things people buy.Republican candidate Trump has repeatedly attacked President Joe Biden, as well as Harris, blaming their policies for the surge of inflation. Economists usually attribute the rise of inflation during that period to supply chain problems during the pandemic and, to a lesser extent, pandemic relief programs by Biden and former president Trump — such as stimulus checks — that put money in people’s pockets and fueled consumer demand.Harris, a Democrat, has for her part attacked Trump’s proposed economic policies, pointing to analyses by economists at Goldman Sachs, Moody’s Analytics, and others, which projected that the Trump agenda would fuel inflation and slow economic growth.Trump’s economic plans center around tariffs, or taxes on imports from foreign countries. Trump has called for a broad 10% to 20% tariff on all foreign goods and tariffs of 60% or higher on Chinese products. In a speech Thursday at the Economic Club of New York, Trump defended his proposal, invoking the record of President William McKinley, who was president from 1897 until his assassination in 1901. Trump contended tariffs would encourage more companies to make things in America, fueling economic growth.Most economists say tariffs would damage the economy more than they would help, since merchants would pass the cost of tariffs along to consumers and give domestic manufacturers cover to raise prices. An analysis by the Peterson Institute for International Economics that a typical family would pay $2,600 more per year because of rising prices under Trump’s tariff regime.
Harris has proposed more limited tariffs, echoing Biden's approach of targeting specific industries that he wanted to encourage to develop in the U.S., such as microchips and electric cars.
The candidates are also likely to clash over taxes. One of the biggest decisions facing the next president will be whether to extend Trump’s tax cuts, which were passed in 2017 and expire next year.Trump has promised to extend all the provisions of the Tax Cuts and Jobs Act, which simplified the tax code and lowered taxes. Tax professionals and economists have said most of the benefits from those cuts went to the wealthy.Harris has proposed an array of tax cuts and credits, carrying forward a Biden pledge not to raise taxes on anyone making less than $400,000 a year. Her proposals include a $25,000 credit for first-time homebuyers, expanding the child tax credit to up to $3,600 per child from $2,000, and raising corporate taxes to 28% from 21%, partly reversing the Trump tax cuts.
Harris would raise the capital gains tax to 28% from 20%, a smaller increase than the nearly 40% rate Biden had proposed.
Harris has supported Biden’s program of student loan debt forgiveness for federal borrowers, which has forgiven $168.5 billion in student debt, with other proposed relief blocked or delayed by Republican-led legal challenges.
Trump has blasted Biden’s student loan policies, calling them “not even legal” in a campaign rally in June.
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