Wall Street indexes closed lower on Thursday with Nasdaq sinking more than 2% as the latest earnings updates from large technology companies revived concerns about heavy AI spending, while soaring oil prices amped up inflation worries, lifting bond yields. Losses were broad-based after investors were unimpressed by second-quarter results from Alphabet and Tesla , the…
A major national security and economic sabotage has unfolded in Nigeria’s South-East as suspected pipeline vandals have excavated and removed more than three kilometres of a strategic high-pressure petroleum pipeline that transports refined petroleum products from Port Harcourt, Rivers State, to Kaduna in Northern Nigeria. A SaharaReporters investigation revealed that the large-scale vandalisation occurred in…
[mc4wp_form id=33047] The Managing Director of the South East Development Commission (SEDC), Mr. Mark Okoye, came under intense scrutiny on Tuesday as the Senate Committee on the SEDC questioned the management of N16.6 billion released to the agency from the 2025 budget. The committee, chaired by Senator Orji Uzor Kalu, expressed dissatisfaction with the commission’s…
Most people treat diet as a matter of willpower — choosing the right foods, resisting the wrong ones, and grinding through discipline until something sticks. But two studies found that one of the most powerful ways to improve what you eat has nothing to do with meal plans, calorie counting, or self-control. It starts with…
From presidential inaugurations to high-profile dinners to documentary screenings, Big Tech leaders have become a fixture in the White House. And it looks like it’s spreading to Capitol Hill as well—their representatives are expanding their influence in Washington by spending millions in Congress. Big Tech companies, and especially emerging AI giants, are now spending more…
We recently published Top 10 Trending Stocks as Famous Billionaire Predicts Massive AI Stock Rally Before Bubble Burst. NVIDIA Corp (NASDAQ:NVDA) is one of the trending stocks. Kevin Hincks from Charles Schwab said in a recent program on Schwab Network that market concerns about NVIDIA Corp (NASDAQ:NVDA) investments and the concentration of customers do not…
On the heels of Nvidia’s $100 billion investment in OpenAI, two Wall Street research notes out today suggest that the current boom in AI may be unsustainable. “AI machines—in quite a literal sense—appear to be saving the US economy right now,” George Saravelos of Deutsche Bank told clients in a research note. “In the absence…
A review of Yobe State’s 2025 budget has revealed a fresh allocation of N2.1 billion for the purchase of luxury vehicles, despite the government already spending N6.088 billion on cars between January and December 2024. Records show that in 2024, the state procured 10 Mercedes-Benz station wagons for YOROTA, 20 Toyota Land Cruiser pick-ups, and…
Despite spending a total of N45 billion within two years on the purchase of backup and official vehicles for members of the Lagos State House of Assembly, the state has budgeted an additional N20.6 billion for vehicles in the 2025 fiscal year. Checks by SaharaReporters showed that the N45billion earlier spent covered the purchase of…
The Federal Government’s plan to spend ₦712.3 billion (approximately $1.75 billion) on the renovation of Terminal 1 at the Lagos Murtala Muhammed International Airport (MMIA) has drawn criticism, as comparisons with similar international airport projects suggest the cost is unusually high, even by global standards. While Aviation Minister Festus Keyamo has defended the price tag,…
