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Investopedia
What You Need To Know Ahead Of Wednesday's Much Anticipated CPI Inflation Report
~2.0 mins read

Inflation likely stayed higher than Fed officials would like in April, if early forecasts are correct. 

The cost of living as measured by the Consumer Price Index likely rose 3.4% over the year in April, down from a 3.5% increase in March according to a consensus estimate by forecasters tracked by Bloomberg, cited by Wells Fargo Securities, ahead of the official figures due from the Bureau of Labor Statistics Wednesday.

The Federal Reserve Bank of Cleveland’s “nowcast,” which projects the CPI based on economic data as it comes in, also called for a 3.5% annual increase as of Friday. Either would be well above the Federal Reserve’s goal of a 2% annual inflation rate. 

Prices have risen faster than expected for the first three months of the year, showing that progress against inflation—which had fallen significantly last year—has stalled. High inflation has been tough on household budgets not only because of steeper prices for things like gas and groceries, but because it’s forced the Federal Reserve to delay cutting its benchmark interest rate, which has kept interest rates higher for all kinds of borrowing such as mortgages and credit cards. 

Fed officials have said they are waiting for signs that inflation is on a firm downward trajectory before they’ll consider cutting the fed funds rate from the 23-year high where they’ve held it since last July. Inflation in line with forecasts would leave the Fed unlikely to cut that rate before December, Stephen Juneau and Michael Gapen, economists at Bank of America, wrote in a commentary. 

Rising gasoline prices in April likely fueled inflation to remain stubbornly high, they said. 

However, the details of the report may be a bit more encouraging than the headline. “Core” inflation, which excludes volatile prices for food and energy, and which is closely watched by economists as an indicator of overall inflation trends, likely rose 0.3% over the month if the consensus estimate holds true, down from 0.4% in March.

Economists found reason for optimism at used car auctions, where wholesale prices fell 2.3% in April, for a 14% year-over-year decline according to data provider Mannheim. Used car prices make up a significant portion of the overall inflation level. However, changes in wholesale used car prices usually affect inflation data at a delay of a few months, economists at BMO Capital Markets wrote in a commentary, so April’s inflation data may not reflect that dip in prices. 

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Instablog9ja
Police Arrest Man For Allegedly Abd¥cting And K+lling His Six-year-old Cousin In Kaduna
~1.0 mins read

The Kaduna State Police Command has arrested a young g man, identified as Abdulazeez Idris, for allegedly abd¥cting and k+lling his six-year-old cousin in Zaria.

The command’s spokesperson, Mansir Hassan, in a statement on Sunday, said the girl, Aisha Dahiru, was kidn@pped by the suspect on her way to Islamiya school.

He said the suspect later k+lled the girl after she recognised him while in captivity.

“On February 12, 2024, at about 1:00 hrs, Mr. Saidu Dahiru, father of the victim, a resident of Angwan Juma’a, Zaria, reported to the Zaria City police station that his daughter, Aisha Saidu, a six-year-old female, went missing on her way to Islamiyya school.

According to Mr. Dahiru, Aisha was allegedly abd¥cted by her cousin, Abdulazeez Idris, also residing in Angwan Juma’a, Zaria.

Following her disappearance, Dahiru received a phone call from an unknown individual, later identified as the perpetrator, demanding a ransom of ₦8,000,000 (eight million naira) for her safe return.

The case was transferred to the Anti Kidnapping Unit of SCID, Kaduna, where they traced and arrested the perpetrator, identified as Abdulazeez Idris, in Makarfi Local Government.

The suspect has confessed to c¥tting the six-year-old girl’s neck with a razor blade and then d¥mped her body in a well,” the statement reads.

 

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Investopedia
Tech Stocks On The Move Today: TSMC, SoundHound AI, And More
~1.3 mins read

Tech stocks gained in intraday trading Friday, with the S&P 500 Information Technology Sector Index up 0.5% as of 2:45 p.m. ET. The broader S&P 500 was little changed, while the tech-heavy Nasdaq was down 0.1%.

TSMC (TSM) American depositary receipts (ADRs) jumped on the semiconductor maker’s strong April sales numbers, while SoundHound AI (SOUN) shares took off as the provider of artificial intelligence (AI) voice recognition products posted better-than-expected results and raised its outlook. A soft outlook from Akamai Technologies (AKAM) sent shares of the software infrastructure firm tumbling.

TSMC’s ADRs advanced close to 5% as the largest contract chipmaker reported April sales soared nearly 60% year-over-year to $7.3 billion last month. They were also up 20.9% from March. The firm, which boasts Apple (AAPL) and Nvidia (NVDA) as clients, has benefited from booming demand for AI chips.

Also getting a boost from AI product demand was SoundHound AI, which reported first-quarter revenue that beat expectations, and increased its full-year sales guidance. SoundHound AI said its seeing a rise in subscriptions because voice AI is quickly becoming a must-have tool for customer service. Shares surged 8% to $5.14.

First-quarter earnings for Akamai Technologies beat analysts' projections, but sales were below forecasts and it lowered its outlook, sending shares sliding over 10% to $91.25. The company’s legacy content-delivery business was impacted by slower-than-expected growth in media and gaming markets, offsetting strength in its security-software and cloud-computing businesses. Several analysts also dropped their price targets on the stock.

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Ajibola33

Why You Should Consider Maintenance Costs Before Buying A Phone
~0.0 mins read
https://pqrmedia.com/2024/05/12/why-you-should-consider-maintenance-costs-before-buying-a-phone/
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Eneojoherbert

IDOKO KINGSLEY ILONAH: A Shift From The Honeyed Deception Of Politicians!
~3.5 mins read
IDOKO KINGSLEY ILONAH: A Shift from the Honeyed Deception of Politicians!

Eneojo Herbert Idakwo  

According to Euripides, a Greek Tragedian, “When one with honeyed words but evil mind persuades the mob, great woes befall the state.”
What Euripedes meant was that it is high time societies de-emphasized rhetorics, and place emphasis on practical and measurable realities.  

Euripides’ notion finds expression in the third world, or what is today known as the global south (Africa inclusive), where politics is being equated with deception, mendacity and zero-sum game - which winners take all. 

It is, however, encouraging to know that there are a few persons, such as Chief Idoko Kingsley Ilonah , the philanthropist Outdoor Media Mogul, and others in his genre, who who have made truth and honesty, the bedrock of their leadership endeavours. Honesty, in this connection, refers to, honour gained by action or conduct.

On the other hand, deception is “the act of causing someone to accept as true or valid, what is false and invalid”. Cognitive Psychologists believe that lies by politicians impact voters’ behaviour: lies can be used to get others to form false beliefs and garner their support, but its benefits are usually short lived. 
For instance, former United States President, Donald Trump, famously made more than 30,000 false or misleading claims during the four years of his presidency. This is an average of more than 20 a day, and his abysmal failure in the 2020 presidential election cannot be separated from this. 

Deception is also one of the sources of political violence and instability in Nigeria. For instance, the Niger Delta insurgency, the persistent riots and conflict in the North East part of Nigeria and the prevailing poverty and inequalities, cannot be divorced from insincerity and honeyed deceptions of the political elite. 

In the buildup to the 2023 Senatorial and Gubernatorial election in Kogi State, cases of aspirants who have no antecedent of accountability and honesty abound, several of them cannot clearly explain how they got their money. Some of them have held political offices in the last 20 years, but have no traceable evidence of possessing genuine concern for the people they wish to lead, others have penchant for pathological lying, Epistemologically speaking, human beings are what they repeatedly do. 

One question that requires an answer is, does the number of years a political figure spend in public offices or in repeatedly seeking for it translate into the common good of the people- with no concomitant betterment in their living standards? What this means is that the mere holding of political offices or continuously looking for it does not solve the Governance/leadership and development crises. 

Citizens also expect ethical and responsible conduct from politicians and public administrators. Teddy Roosevelt, former Governor of New York, observed that, “Honesty is not so much a credit as an absolute prerequisite to efficient service to the public. Unless a man is honest we have no right to keep him in public life.” 

Taking cognizance of Roosevelt’s opinion, one cannot agree more with him that honesty is an ingredient of Governance. It means that political wisdom - veiled with deception and vindictiveness - is not enough to muster the momentum of peace, prosperity and progress currently being envisaged in Kogi State. In this regard, Idoko Kingsley Ilonah is a shift from the honeyed deception of political figures. 

What makes Chief Idoko Kingsley Ilonah different from other politicians is his knack for the welfare of his people and his truthfulness to them aside all other entrepreneurial and developmental plans as his main talking points. In this regard, Idoko Kingsley Ilonah outranks many others in his genre, given any measurable antecedent. 

Having grown the Lona Group in twenty years into an enviable conglomerate (with numerous subsidiaries) that has over 500 persons in its employ in 2023, its indubitably true that he would replicate such feat in any other position of public office he is called upon to occupy, This record is unbeatable, as one is yet to present any other Candidate who can match that feat. 

Also, international capital or Foreign Direct Investments (FDI) and other development partners are looking for concerted and determined answers, and these can only be provided by a truthful and honest technocrat in the genre of Chief Idoko Kingsley Ilonah. Truth is, career political figures would subject the peace and unity of the state to their drive for political vendetta.  

In any public office , Idoko Kingsley Ilonah will use his reputational advantage to deepen honesty in the system and social structure. This is because lies and deception lead to the erosion of social trust.  

Therefore, supporting Chief Idoko Kingsley Ilonah will translates into passing on a sense of the value of honesty, integrity, and personal responsibility to the next generation Kogi people.

 _Eneojo Herbert Idakwo of Market Hub Media Limited writes from Abuja_ 
eneojoherbert@gmail.com
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Instablog9ja
Actress Omobewaji Reveals Why There Are More Grandmas Than Grandpas In An Open Letter To Men
~0.2 mins read

Nollywood actresss, Omobewaji has advised men to give more priority to their health and general wellbeing in order to live long.

She emphasized on how much men need to be cared and loved for, as she called on men to choose partner who care about their wellbeing.

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