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Legit
12 m
15
The ongoing war between social media siblings James Brown and his adopted sister, Gracious, seems to have taken a turn for the worse.
Legit.ng recalls reporting when James Brown took to his Instagram page to reveal how Gracious ganged up on him with the help of their neighbour, and he was assaulted.
In response to the allegations, Gracious released an audio recording sharing her side of the story and explaining why James Brown is at fault for what happened and not her.
There's a new update about the siblings making the rounds on social media, as Gracious shared a video of herself moving out of the apartment they used to share.
She claimed that James Brown alone doesn't own the apartment, nor did she pay for the rent alone.
Gracious' grammar stirs chaos online
While running commentary on what transpired after she moved out of the house she used to stay with James Brown, Gracious made some comments that stirred reactions online.
Gracious' bastardised grammar was one of the highlights of the commentary, and netizens have been reacting to it.
See the viral clip of Gracious moving out below:
Netizens react to Gracious' video
Here are some of the comments that trailed Gracious' video below:
@bibianaisong:
"Keeping up with the brown sistaz."@tinaagbozi:
"Dramatized - exaggerate the seriousness or importance of (an incident or situation)"@som_yvon:
"You're dramatized? Ehhh fine girl."@obialijehut:
"James brown=dilemma of a mother."@o.obi_precious:
"She's dramatized."@e.praise:
"She’s dramatized my head is spinning."@vee_mara_stitches:
"Lmao!! We want you to Come outside to clear what?? Stay inside my dear with your being dramatized."@24hours_boutique:
"Aiya she’s dramatized."@seunfunmi_pearl:
"I’m dramatized."@pha_dheelah:
"I don’t know why I feel this is all staged just for fame."@pulchertee:
"Did she just say Dramatised? SMH."@tao_xtro:
"So Hin Dey pay rent."James Brown sends special prayers to Bobrisky
Legit.ng, in a previous report, recalls how the outspoken crossdresser reacted after the news about Bobrisky being arrested and sentenced to jail went viral.
James Brown reacted to the news, noting that people needed to be less aggressive with Bobrisky.
He also expressed hopes that Bobrisky would come out stronger and regain his full strength because he knew from experience that it was not an easy journey.
Source: Legit.ng
Legit
40 m
11
Nigerian social media commentator and former radio presenter Ifedayo Ayorinde, better known as Daddy Freeze, recently turned a year older.
In celebration of his 48th birthday, Daddy Freeze started a social media challenge where people were asked to do some push-ups.
Many netizens have taken up the challenge, including some Nigerian celebrities, including Seun Kuti, Pastor Tobi Adegboyega, Kaffy the Dancer, Pretty Mike, Daddy Showkey, Hero Daniels Adetoun and many more.
However, an exchange between Daddy Freeze and Obi Cubana has caught the attention of many netizens who have jumped on the challenge.
Obi Cubana turns down Daddy Freeze's offer
The nightlife king reacted to Daddy Freeze's challenge, noting that he wasn't interested in putting his backbone under such stress.
Obi Cubana responded, noting that he is available when it comes to lamb chops eating competition.
Here's an excerpt of Obi Cubana's comment:
"Hahahahahah!! This my small.spine wey i dey manage una wan break? Mba ooo, birthday don pass! @daddyfreeze call me on Lamb Chops eating competition! My life na for enjoyment."Legit.ng recalls how Obi Cubana celebrated his wife when she turned a year older. Also, Daddy Freeze isn't the first Nigerian celebrity to start a challenge for their birthday.
See the full post below:
Reactions trail Obi Cubana's comment
@onyeka_stanley01:
"I bn ask for Cubana chief priest but you no gree tag am. Abi you dey fear?"@soni1one:
"His already the winner."@cashdrive01:
"If obi cubana run am make I bend Eni eleni.. Enjoyment only."@king_diamond123:
"If Cubana Chiefpriest do 5 make I break."@wazsa_:
"Una won stress big man."@skymichaelgold:
"@daddyfreeze :I can deputize for Cubana Chief Priest. I can do double of his age on his behalf. Tag him to approve and I will commence action."@secretdiggerblogofficial:
"Then send him the 1million naira, don't discourage others or be a stingy man. Which one is birthday is over?"Daddy Freeze on tithing
Legit.ng recalls reporting when Daddy Freeze opened up about his travails at the hands of Nigerian Christian clerics.
Freeze recently shared how he lived in fear some years after he spoke up and slammed the Nigerian tithing system.
He noted that almost all the most prominent pastors in Nigeria slammed him for saying the Nigerian tithing was wrong.
Source: Legit.ng
Investopedia
2 hrs
13
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Apple (AAPL) unveiled an iPad Pro powered by its new M4 chip capable of running artificial intelligence (AI) applications locally, alongside a new Apple Pencil Pro and Magic Keyboard on Tuesday. The product announcement marks a key milestone in Apple's push into AI, with the iPhone maker becoming the latest tech giant to announce in-house AI chips.
Apple called the latest iPad Pro an "outrageously powerful device for artificial intelligence," that with the M4 chip features Apple’s "most powerful Neural Engine ever." Apple said the "Neural Engine in M4 is more powerful than any neural processing unit in any AI PC today."
The new iPad Pro models and accessories are available to order starting Tuesday and will be available in stores starting Wednesday, May 15.
The iPad Pro and M4 chip unveiling marks a key milestone in Apple's push into AI, with the iPhone maker becoming the latest big tech company to announce in-house chips to enable running AI locally.
Apple joins Meta (META), Alphabet's (GOOGL) Google, Microsoft (MSFT), and Amazon (AMZN) in making its own AI-capable custom chips. The companies' custom chips could help them manage the high costs associated with AI and lessen their Nvidia (NVDA) dependency.
Apple shares were little changed, edging 0.3% higher to $182.31 around 1:20 p.m. ET Tuesday. Even with Tuesday's gains and Apple's earnings-fueled surge, the stock has lost around 5% so far this year.
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Investopedia
4 hrs
11
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Shares in Peloton (PTON) kicked into a high gear Tuesday after news reports that a number of private equity firms may be considering a buyout.
At least one firm has held talks with the company about plans to take it private, reported.
After the pandemic-era boom, Peloton has struggled to remain relevant. And that is weighing on the company's financial health as earnings skid and costs pedal higher.
Peloton shares slumped to an all-time low last week after reporting worse-than-expected third-quarter earnings for is fiscal 2024 and announcing the exit of CEO Barry McCarthy.
McCarthy took over the company in February 2022 from co-founder John Foley after the company struggled to hold onto a COVID-19 sales boom. McCarthy will be replaced by current Chair Karen Boone but will remain as a “strategic advisor” to the company, which has failed to turn a profit in its last three fiscal years. Peloton's fiscal year ends on June 30.
The fitness company has also announced a restructuring plan, including eliminating 15% of its staff, in a bid to cut its operating expenses back by up to $200 million by the end of fiscal year 2025.
Restructuring savings at the firm will be largely driven by layoffs, alongside marketing, research and development, IT, and software cuts. Executives said that the company will be able to generate free cash flow without the need for immediate sales growth.
Peloton stock was up 14% at $4.03 at around 1:00 p.m. ET, but was down roughly 50% over the last 12 months.
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Ferrari Falls Despite Earnings Beat As Shipments Remain Flat
Ferrari (RACE) Shares Fell In Intra...
Investopedia
6 hrs
13
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Ferrari (RACE) shares fell in intraday trading Tuesday after the luxury car maker's shipped vehicles were roughly flat in the first quarter, even as earnings topped expectations.
The Italian car manufacturer benefited from higher prices as shipments at 3,560 units were "substantially flat" versus the first quarter last year, it said in its earnings statement.
Ferrari posted increased revenue and profit that beat estimates, with revenue rising to 1.59 billion euros ($1.71 billion) from last year's EUR1.43 billion, just above the EUR1.57 billion expected by analysts compiled by Visible Alpha.
Ferrari reported an adjusted net profit of EUR352 million, or EUR1.95 per share, above estimates of EUR332 million and EUR1.84 per share, respectively.
Revenue from the sales of Ferrari's cars and parts increased by 11% year-over-year, while sponsorship and commercial revenue rose by 12%. The automaker said an improved product and country mix helped boost its car sales, along with more personalization of orders.
Ferrari said a higher number of new sponsorships offset lower advertising revenue from the company's lower finishing position in Formula One racing standings in 2023 compared with 2022. However, Tuesday's report is the first since Ferrari announced the surprise agreement to sign Lewis Hamilton, regarded as one of the best F1 drivers of all time, to a multi-year contract starting in 2025, which Ferrari noted as a first-quarter highlight.
The company also affirmed its full-year guidance, projecting revenue of at least EUR6.4 billion for fiscal 2024, along with a projected adjusted earnings per share (EPS) of at least EUR7.50.
Ferrari shares fell 5% to $406.49 as of 12:22 p.m. ET Tuesday, but are up 20% this year.
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Instablog9ja
7 hrs
14
The Nigerian government through the Corporate Affairs Commission has issued a two-month registration ultimatum to Point of Sales companies to register their agents, merchants, and individuals with the commission in line with legal requirements and the directives of the Central Bank of Nigeria.
This was stated in an agreement that was reached on Monday during a meeting between Fintechs and the Registrar-General CAC, Hussaini Ishaq Magaji, in Abuja. According to the Nigeria Inter-Bank Settlement System, there are over 1.9 million PoS terminals deployed by merchants and individuals nationwide.
Speaking at the meeting, the CAC boss stated that the legislation intends to protect the businesses of Fintech customers while also developing the economy. He further emphasised that the move was supported by Section 863, Subsection 1 of the Companies and Allied Matters Act, CAMA 2020, and the 2013 CBN recommendations on agent banking.
The CAC boss stated that the registration timetable, which will expire on July 7, 2024, was not intended to target any specific organisations or individuals, but rather to provide safety for businesses. A statement by the commission read, “The Corporate Affairs Commission and fintech companies in Nigeria, better known as PoS operators, have agreed to a two-month timeline to register their agents, merchants, and individuals with the CAC in line with legal requirements and the directives of the Central Bank of Nigeria. The agreement was reached today during a meeting between Fintechs and the Registrar-General, CAC, Hussaini Ishaq Magaji, in Abuja.”
This new directive came against the backdrop of frequent fraud incidents involving POS terminals and plans to stop trading in cryptocurrency or any virtual currency by the Central Bank of Nigeria. POS terminals accounted for 26.37 per cent of fraud incidents in 2023, according to a fraud report by the Nigeria Inter-Bank Settlement System Plc.
