Author: i2wtc
A Thanksgiving week rally couldn’t put all three major indexes in the green for November. The S & P 500 gained nearly 4% for the week, while the Dow Jones Industrial Average added more than 3% — a strong enough showing for each to eke out gains for the month. It extends their streak of winning months to seven. And while the Nasdaq Composite ended the week higher by more than 4%, it wasn’t enough to overcome selling earlier in the month triggered by valuation concerns about the artificial intelligence trade. The tech-heavy Nasdaq fell roughly 2% in November, ending…
Pakistan has called upon the international community to intensify efforts against terrorism, condemning the shooting in Washington DC, on Thursday as an act of terrorism. The Foreign Office Spokesperson Tahir Hussain Andrabi extended condolences to the affected families. At the weekly Foreign Office press briefing, Andrabi recounted and condemned the killing of Chinese nationals in Tajikistan, extending condolences to the two countries. Three Chinese workers in Tajikistan were killed in an attack launched from Afghanistan near the border, Tajik authorities said Thursday. He stated that reports have suggested that an Afghan national may have been involved in the incident in the US. “Pakistan has faced numerous…
CEO of Palantir Technologies Alex Karp attends the Pennsylvania Energy and Innovation Summit, at Carnegie Mellon University in Pittsburgh, Pennsylvania, U.S., July 15, 2025. Nathan Howard | ReutersIt’s been a tough November for Palantir.Shares of the software analytics provider dropped 16% for their worst month since August 2023 as investors dumped AI stocks due to valuation fears. Meanwhile, famed investor Michael Burry doubled down on the artificial intelligence trade and bet against the company.Palantir started November off on a high note. The Denver-based company topped Wall Street’s third-quarter earnings and revenue expectations. Palantir also posted its second-straight $1 billion revenue…
Petition cites superintendent’s failure to enforce IHC’s visitation rights orders Aleema Khan, sister of Pakistan Tehreek-e-Insaf founder Imran Khan, has filed a contempt of court petition against the Adiala Jail superintendent and other officials for failing to comply with an Islamabad High Court order reinstating a twice-a-week meeting schedule for the former prime minister. The petition names Adiala Jail Superintendent Abdul Ghafoor Anjum, Saddar Beroni Station House Officer Raja Aizaz Azeem, Federal Interior Secretary Capt (retd) Muhammad Khurram Agha and Punjab Home Department Secretary Noorul Amin as respondents. It refers to a March 24 order by the IHC that reinstated…
Rs85.5b set aside for major Karachi projects; CM orders strict monitoring of schemesCM Murad Ali Shah speaks in the Sindh Assembly as the debate on the provincial budget concluded on Monday. Photo: Express KARACHI: Chief Minister Murad Ali Shah on Thursday approved a record Rs1.018 trillion development budget for the fiscal year 2025-26 during a high-level review meeting of the provincial development portfolio held at the CM House. Of the total outlay, Rs85.5 billion has been earmarked for major Karachi projects under the Local Government Department. These include key water and sewerage schemes such as K-IV, KWSSIP-II, Hub Canal rehabilitation,…
The case pertains to remarks made when the accused interviewed Activist Sanam Javaid The Lahore District Court (LDC) has approved a four-day physical remand of Journalist Sohrab Barakat to the National Cyber Crime Investigation Agency (NCCIA), in a case registered for remarks made during an interview with Activist Sanam Javaid on a private TV channel. The case was presented before Judicial Magistrate Muhammad Naeem Wattoo in the LDC. The FIR states that Barakat had interviewed Sanam Javaid. However, his lawyer has argued that Barakat is not the owner of the channel “Politics Drop PK”—that role is held by a person…
The Competition Commission of Pakistan (CCP) has issued show-cause notices to ten Punjab-based sugar mills for allegedly forming a cartel to delay the start of sugarcane crushing and fix the cane purchase price at Rs400 per maund. CCP Chairperson Dr Kabir Ahmed Sidhu said no commercial organisation or trade association should be used as a platform for collusive decision-making. He warned that strict action would be taken against any entity involved in anti-competitive practices. According to the CCP, representatives of the ten mills met at Fatima Sugar Mills on November 10, where they allegedly agreed to begin crushing on November…
A large industrial warehouse features rows of shelves stacked with packages, while two workers in safety gear are walking and inspecting the storage. Utilized space exemplifies efficiency and systematic inventory management.Witthaya Prasongsin | Moment | Getty ImagesA version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.After a pandemic-driven surge, and a subsequent pullback, warehouse real estate supply and…
The Free and Fair Election Network (FAFEN) has released its report on the by-elections held on November 23, revealing a mixed picture of electoral conduct marked by improved arrangements alongside procedural lapses and low voter participation. FAFEN deployed 122 observers who monitored 373 polling stations across constituencies. While the report acknowledged that elections were conducted with overall better arrangements, it flagged election campaign violations and gaps in result transparency. Voter turnout remained extremely low across the board. The overall turnout stood at merely 23%, with most constituencies recording less than 50% participation. Only one constituency managed to cross the 50%…
CME Group sign at NYMEX in New York.Adam Jeffery | CNBCThis is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Here are five key things investors need to know to start the trading day:1. Down and outStock futures trading was halted this morning after a data center “cooling issue” took down several Chicago Mercantile Exchange services. Individual stocks were still trading before the bell, while the CME said futures indexes and options trading would open fully at 8:30 a.m. Follow live markets updates here. The stock market has rebounded during the holiday-shortened trading week. But the three major…