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Instablog9ja
Nigerians Heave A Sigh Of Relief As Actor Baba Tee And Skitmaker Lande Reunite In Love
~3.2 mins read
Gistlegit
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Gistlegit
APC Showcases Strength In Benin Rally Ahead Of September 21 Election
~0.9 mins read
APC Holds Grand Finale in Benin Ahead of September 21, 2024, Gubernatorial Election
The All Progressives Congress (APC) held its grand finale rally in Benin, Edo State, ahead of the much-anticipated gubernatorial election scheduled for September 21, 2024. The event was marked by a massive turnout of party supporters, leaders, and stakeholders who gathered to show their unwavering support for the party’s candidate.
The rally, which took place in the heart of Benin City, featured speeches from prominent APC figures, all emphasizing the need for continued development and progress in Edo State. Party officials highlighted the APC’s commitment to delivering on its promises and ensuring that Edo remains on the path to prosperity.
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As the election approaches, the APC candidate urged the people of Edo to come out in large numbers and vote for a government that prioritizes their welfare and development. The grand finale rally showcased the party’s readiness and strength as they gear up for what is expected to be a closely contested election.
Worldnews
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Worldnews
GE Aerospace CEO Calls For Tariff-free Trade In The Aviation Sector
~1.9 mins read
Tariffs are estimated to cost GE Aerospace more than $500m this year. GE Aerospace CEO Larry Culp has advocated re-establishing a tariff-free regime for the aerospace industry under the 1979 Agreement on Trade in Civil Aircraft during a meeting with United States President Donald Trump. On Tuesday, in an interview with the news agency Reuters, Culp said the company’s position was “understood” by the administration, adding that the zero-duty regime has helped the US aerospace industry to enjoy a $75bn annual trade surplus. “I have argued that it was good and would be good for the country,” Culp told Reuters. Trump’s trade war has created the biggest uncertainty for the aerospace industry since the COVID-19 pandemic. It has also led to a breakdown in the industry’s decades-old duty-free status, putting aircraft deliveries in limbo. The uncertainty has left some of GE Aerospace’s customers struggling to accurately forecast their business. Meanwhile, one of the company’s prominent suppliers, Howmet Aerospace, has warned that it may halt some shipments if they are impacted by tariffs. Culp said the company has not seen any disruption in deliveries from Howmet. The Pittsburgh-based supplier is currently working on the new high-pressure turbine blade for the Leap 1A engine, which GE Aerospace produces in a joint venture with France’s Safran SA. “That ramp has gone very well so far here in 2025,” he said. GE Aerospace has been grappling with supply chain challenges, leading to a drop in engine deliveries over the past year. Last week, Airbus said it was facing challenges with engine deliveries as CFM was “significantly behind the curve”. Culp said the company is “well aligned” with the European planemaker’s needs for this year, but added the tariffs have created supply chain risks. Tariffs are estimated to cost GE Aerospace more than $500m this year. The company is making greater use of foreign trade zones and available trade programmes like duty drawbacks to mitigate the impact. It is also employing cost controls and a tariff surcharge to protect its margins. Culp’s comments come amid pressure on another aerospace giant in recent days. Last week, China asked airlines based there to cancel aircraft orders for planes made by US company Boeing amid the looming trade war. Trade-induced economic uncertainty has taken a toll on travel demand as well. With travel spending softening, there is a growing risk that airlines could start deferring their engine orders. Culp said other carriers would step in if any airline decides to halt its deliveries. “There are plenty of other people who will step up in line and take their place,” he said. Follow Al Jazeera English:...
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Investopedia
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Investopedia
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5 Things To Know Before The Stock Market Opens
~2.0 mins read
Google parent Alphabet (GOOGL) and Advanced Micro Devices (AMD) report earning after markets close today; Ford (F) shares are sinking as the automaker reported third-quarter profit that was lower than expectation and cut its full-year outlook; McDonald's (MCD) shares are falling after same-store sales declined by more than estimates; and Boeing (BA) raises $21 billion as the machinists union strike continues. Here's what investors need to know today.
Investors are anticipating the earnings report from Google parent Alphabet (GOOGL) after markets close today, with analysts expecting the tech giant to post a third-quarter revenue jump of more than 12% year-over-year to $86.41 billion. Alphabet is also expected to report profit of $23.05 billion, or $1.85 a share, up from $19.69 billion, or $1.55 per share. Investors will also likely be watching for commentary from new Chief Financial Officer (CFO) Anat Ashkenazi, who took over the role in July. Shares of Alphabet are edging higher in premarket trading.
McDonald's (MCD) shares are falling 2.5% in premarket trading after it reported mixed third-quarter results, with revenue of $6.87 billion and adjusted earnings per share (EPS) of $3.23 coming in better than estimates but net income of $2.26 billion and a same-store sales decline of 1.5% were worse than expected. McDonald's report comes as the company deals with an E. coli outbreak that caused it to briefly suspend Quarter Pounder sales in certain states.
Shares of Ford (F) are down 6% in premarket trading after the automaker reported third-quarter profit that missed analysts' expectations and trimmed its full-year outlook. Ford's net income of $900 million, or 22 cents per share, declined from $1.2 billion, or 30 cents per share, last year and missed analysts' consensus estimates from Visible Alpha. The automaker said it expects full-year adjusted earnings of about $10 billion, compared to its previous projection of between $10 billion and $12 billion.
Analysts are expecting to see significant earnings growth from Advanced Micro Devices (AMD) when the chipmaker reports third-quarter financial results after markets close today. Analysts surveyed by Visible Alpha expect the chipmaker to report revenue of $6.71 billion, up nearly 16% year-over-year, while the company's net income is projected to be $815.8 million, or 50 cents per share, more than double last year's $299 million, or 18 cents per share. The report comes as investors are watching the company's data center revenue, which the chipmaker doubled in its second-quarter report. AMD shares are up almost 1% in premarket trading.
Boeing (BA) announced that it raised around $21 billion from sales of stock and depositary shares, coming as the troubled aerospace company looks to shore up its finances amid a costly strike by its machinists union. Boeing raised $15.81 billion after it sold 112.5 million common shares for $143 each, lower than the stock's price of $150.69 at Monday's close, and also brought in $4.91 billion from the sale of depositary shares. Shares of Boeing are 1% lower in premarket trading.
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