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Wall Street Slides as Big Banks Warn of Market Pullback; Palantir Falls Despite Strong Forecast
Wall Street’s major indexes slipped to over one-week lows on Tuesday following warnings from leading U.S. banks about a potential market pullback, even as Palantir Technologies reported an upbeat revenue forecast that failed to impress investors. The slide highlights growing investor caution amid high equity valuations and uncertainties in the tech sector. Big Banks Warn…
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Spotify Forecasts Strong Q4 Profit Amid Price Hikes and User Growth
Spotify (SPOT.N) is set to exceed Wall Street expectations for fourth-quarter profits, driven by robust user growth and the impact of recent price increases, the Swedish audio-streaming giant announced on Tuesday. This upcoming report will be the first earnings update since founder and CEO Daniel Ek revealed his plan to transition to executive chairman in…
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Indices Trading Emerging as a Safer Investment Option for Nigerian Investors
In recent years, Nigerian investors have increasingly sought opportunities beyond the traditional forex market. While currency trading remains popular, many are exploring instruments that offer diversified exposure and potentially lower risk. One area gaining significant traction is indices trading. Indices trading allows investors to participate in the broader performance of markets rather than focusing on…
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FULL LIST: Africa’s Top Crude Oil Producers by Daily Output
Africa continues to be a key player in the global energy market, with several nations maintaining robust crude oil production that drives their economies and supports regional growth. Here are the five largest crude oil producers in Africa, ranked by daily output: 1. Nigeria – 1.549 Million Barrels per DayNigeria remains Africa’s leading crude oil…
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Trump Restricts Nvidia’s Top AI Chips to U.S. Companies, Limits China Access
In a move that could reshape the global artificial intelligence (AI) and semiconductor landscape, former U.S. President Donald Trump announced that the United States will reserve Nvidia’s most advanced AI chips exclusively for domestic companies, effectively barring China and potentially other countries from accessing the cutting-edge technology. During a taped interview aired on CBS’ “60…
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Fuel Station and Properties Destroyed in Fire Outbreak in Saki, Oyo State
A petrol station, a pick-up van, and other valuables were destroyed on Monday following a sudden fire outbreak in the Ago-Omoluabi area of Saki, Oyo State. Eyewitnesses said the fire caused panic among petrol attendants, passersby, and nearby residents, who rushed to safety as thick smoke filled the sky. Efforts by residents to control the…
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Amazon’s $38 Billion OpenAI Deal Signals Its Rise in the AI Race
Amazon (NASDAQ: AMZN) has secured a $38 billion cloud deal with OpenAI, marking a significant move to reclaim its position as a leader in the artificial intelligence (AI) and cloud computing market. Analysts say the partnership highlights Amazon Web Services’ (AWS) renewed momentum after recent challenges, including market share losses and technical outages that disrupted…
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Concerns Rise After Soldiers Linked to Boko Haram Allegedly Escape in Borno Jail Break
Nine military officers allegedly connected to Boko Haram reportedly escaped on Monday from a military guardroom at Maimalari Cantonment in Maiduguri, Borno State, according to military sources who confirmed the incident to SaharaReporters. At the time of reporting, the Nigerian Army had yet to comment on the alleged jailbreak. The escapees are reportedly linked to…
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Marcus Rashford: Arsenal Among Clubs Eyeing In-Form Manchester United Loanee at Barcelona
Marcus Rashford’s stellar form at Barcelona is attracting attention across Europe, with Arsenal reportedly among the clubs monitoring the Manchester United loanee. Despite Barcelona holding an option to make his move permanent, a range of top clubs—including Chelsea, Paris Saint-Germain, Bayern Munich, Juventus, and Inter Milan—are also tracking the English forward’s future. Rashford’s Journey Since…
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Tinubu Nominates Kingsley Ude from Enugu to Replace Resigned Minister Nnaji
President Bola Tinubu has formally requested the Senate to screen and confirm Kingsley Tochukwu Ude, SAN, from Enugu State, as a minister in his cabinet. The nomination was read on the floor of the Senate on Tuesday by Senate President Godswill Akpabio, who subsequently referred it to the Committee of the Whole for further consideration…
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