Author: News Room

Crypto and AI-based initial public offerings last year reportedly dragged down the performance of all US public debuts to fall behind the tech-heavy index S&P 500.Shares of all companies that went public last year, not including closed-end funds and blank-check companies, gained 13.9% on a weighted average basis, underperforming the S&P 500’s comparative 16% gain, Bloomberg reported on Monday.Last year saw some of the crypto industry’s biggest players go public as the Trump administration gave Wall Street the confidence to back crypto companies with billions of dollars. However, not every company performed.Bets on artificial intelligence companies were also a gamble,…

Zach Bryan’s new bride, Samantha Leonard, found a sweet way to honor his late mother, Annette DeAnn Bryan (née Mullen), on the pair’s wedding day. “Samantha went out of her way to put my mom’s wedding dress lace on her dress and I cried for a good bit. Meant so much sweetheart, thank you,” the country music star, 29, gushed via his Instagram Stories on Monday, January 5, sharing a look at the fabric featuring a delicate trim and floral hemline being placed on his wife’s gown. “Wish you were here about now gorgeous,” he then captioned a follow-up slide…

President of ANAP Foundation and Founder of IBTC Bank, Atedo Peterside, has stated why there is a surge of terrorism and banditry in Nigeria. Fielding questions on ‘Prime Time’, a programme on Arise Television monitored by DAILY POST on Monday, Peterside said some poor people can be easily recruited into banditry and terrorism because of their poor condition. He said that Nigeria has an income distribution problem, adding that the nation has the very wealthy and phenomenally poor. “Sometimes you can have an economy where the big guns are doing very well, their income is going up in the stock…

Osun State Governor, Ademola Adeleke, has expressed confidence that divine support and the backing of the people will secure his re-election later this year. The governor spoke on Monday at a New Year interfaith prayer session held at the State Secretariat, attended by labour leaders, religious figures and public servants. He said his administration had surmounted numerous challenges over the past three years and would similarly overcome the hurdles ahead of the forthcoming election. According to Adeleke, his government’s journey since assuming office has been sustained by faith and resilience. “Our God has remained our sustainer, defender and protector. From…

An Ikeja Special Offences and Domestic Violence Court on Monday sentenced Olawale Faleti, a former Lagos State Education Director, to two years and five months’ imprisonment for the misappropriation of N48.9 million from Access Bank Plc. Justice Rahman Oshodi, presiding over the case, convicted the 64-year-old on five counts of theft following charges brought by the Economic and Financial Crimes Commission, EFCC. In delivering judgment, Oshodi described Faleti’s actions as ‘deliberate and sustained,’ noting that he repeatedly withdrew funds despite lacking any authorisation. The judge also observed that Faleti did not demonstrate genuine remorse or fully acknowledge responsibility for his…

Former Manchester United man, Nicky Butt, has shared his choice for the new manager at the club, insisting the next boss must dump Erik ten Hag’s £50 million signing, Manuel Ugarte. United are looking for a new manager after Amorim was fired on Monday following his criticism of the club’s leadership. Amorim had won two league titles with the big Portuguese team Sporting before he came to Old Trafford, but during his 14 months as manager, there was no sign of that experience or success. Manchester United placed 15th in the Premier League last season and kept up the same…

Residents of several communities in Agwara and Borgu Local Government Areas of Niger State are fleeing their homes amid fears of renewed attacks after terrorists reportedly issued fresh threats following last Saturday’s massacre that left over 40 people dead. Villagers told The PUNCH that the assailants warned they would continue the killings, triggering panic and displacement across border communities linking Agwara, Borgu and Kebbi State. The residents alleged that soldiers deployed to the affected areas withdrew shortly after their arrival, leaving communities without visible security presence. Villagers from Kwana, the last village in Agwara LGA, and Tungan Salama, near Papiri…

The death toll from Saturday’s boat accident, which occurred in the Nguru Local Government Area of Yobe, has risen from 25, as announced earlier by the state government, to 29. Executive Secretary of the state’s Emergency Management Agency, Dr Mohammad Goje, disclosed this in a statement in Damaturu on Monday. He said that four additional bodies were recovered from the river, adding that the search and rescue operation would continue, as between eight and 10 passengers were still missing. Goje said that 13 passengers who were injured in the accident had been treated and discharged from a local hospital. The…

Bayern Munich have played down speculation linking them with a move for Nigeria striker Victor Osimhen, with the club indicating there is no immediate need to strengthen their centre-forward options, PUNCH Sports Extra reports. According to Bild, Bayern sporting director Max Eberl has made the club’s position clear during recent discussions, insisting that Osimhen would only be considered if Harry Kane were to seek a departure in the summer. “Bayern sporting director Max Eberl made the club’s position clear during the most recent contact, stressing that there is no need. Osimhen would only become an option if Harry Kane were…

Nvidia’s RTX 5080 rollout for its GeForce Now cloud gaming service is now complete, so it’s ready to announce some additional features for subscribers. In the coming months, Nvidia is planning to launch native GeForce Now apps for Linux and Amazon’s Fire TV devices, alongside flight control support for its cloud gaming service.The native Linux app is a highly requested feature for GeForce Now, especially as subscribers have had to rely on unofficial apps or browser tweaks to get access to the service. A beta of GeForce Now for Linux will be available initially for Ubuntu 24.04 and newer soon,…