Author: i2wtc

The seal of the U.S. Justice Department is seen on the podium in the Department’s headquarters briefing room.Kevin Lamarque | ReutersTwo men have been indicted in New York on federal criminal charges in connection with a water vending machine Ponzi scheme that allegedly swindled investors out of more than $200 million, the Department of Justice said Thursday.The two men were also hit by the Securities and Exchange Commission with civil charges of violating antifraud provisions of the federal securities laws in connection the same scheme.Ryan Wear, 49, of Everett, Washington, is accused of “raising more than $200 million from investors…

The John Deere logo is displayed as attendees view a 5105M utility tractor at the Deere & Co. booth during the World Ag Expo at the International Agri-Center in Tulare, California on February 11, 2025.Patrick T. Fallon | AFP | Getty ImagesJohn Deere is warning that tariff costs for the agricultural machinery company could reach a total of $600 million for the fiscal 2025 year.The company released its fiscal third-quarter earnings report Thursday, beating on the top and bottom lines but posting significant year-over-year decreases in net income and sales.The stock sank roughly 7% in midday trading.The company noted that…

President Asif Ali Zardari on Thursday conferred top civil and military awards on national leaders, military commanders, and government officials in recognition of their services during Marka-e-Haq, where Pakistan inflicted a humiliating defeat on India. At a ceremony held at Aiwan-e-Sadr, Chief of Army Staff (COAS) Field Marshal Syed Asim Munir received the Hilal-e-Jurat for leading the Pakistan Army from the front and formulating war strategy, while Air Chief Marshal Zaheer Ahmad Babar Sidhu was awarded the Hilal-e-Imtiaz. Chairman Joint Chiefs of Staff Committee Sahir Shamshad Mirza, Chief of the Naval Staff Admiral Naveed Ashraf, were conferred the Nishan-e-Imtiaz, and…

People walk past a Coach store on Madison Avenue in New York. Carlo Allegri | ReutersShares of Coach and Kate Spade parent Tapestry plunged Thursday after the company said tariffs will bite into its profits even as sales grow.The handbag, shoe and accessory maker said costs from higher duties will total $160 million for its coming fiscal year and drag on its profits. It said it expects full-year fiscal 2026 earnings of $5.30 to $5.45 per share, while analysts polled by FactSet were looking for $5.49.On the company’s earnings call, Chief Financial Officer Scott Roe said sales trends have been…

Alexander Karp, chief executive officer and co-founder of Palantir Technologies Inc.Scott Eelis | Bloomberg | Getty ImagesPalantir’s astronomical rise since its public debut on the New York Stock Exchange in a 2020 direct listing has been nothing short of a whirlwind.Over nearly five years, the Denver-based company, whose cofounders include renowned venture capitalist Peter Thiel and current CEO Alex Karp, has surged more than 1,700%. At the same time, its valuation has broken new highs, dwarfing some of the world’s technology behemoths with far greater revenues.The artificial intelligence-powered software company continued its ascent last week after posting its first quarter…

At least four police personnel were martyred and seven injured in multiple militant attacks across Khyber-Pakhtunkhwa in the past 24 hours, including Peshawar, Upper Dir and Lower Dir, police said on Thursday. Two coordinated assaults took place in Lower Dir’s Panah Kot area and on checkpoints in Upper Dir, targeting a police van and security posts, officials said. Three police personnel were killed and six were injured in the Panah Kot attack, while one police officer was killed and another was wounded in assaults on the Lajbook and Shadas checkpoints. According to police, attackers used heavy weapons, including rocket launchers,…

U.S. Attorney General Pam Bondi speaks next to U.S. President Donald Trump during a press conference about deploying federal law enforcement agents in Washington to bolster the local police presence, in the Press Briefing Room at the White House, in Washington D.C., U.S., August 11, 2025. Jonathan Ernst | ReutersThe man facing a felony federal assault charge for allegedly chucking a Subway sandwich at a U.S. Customs and Border Protection agent in Washington, D.C., was an employee at the Department of Justice, Attorney General Pam Bondi said Thursday.The man, identified in court documents as Sean Charles Dunn, has been fired,…

The armed forces are celebrating Pakistan’s 79th Independence Day with traditional zeal and fervour today (August 14) with activities planned across the country. The day’s festivities began with celebratory messages to the people from service chiefs of the armed forces. Chief of Army Staff (COAS) Field Marshal Syed Asim Munir, Chairman Joint Chiefs of Staff Committee Sahir Shamshad Mirza, Chief of the Naval Staff Admiral Naveed Ashraf, and Air Chief Marshal Zaheer Ahmad Babar Sidhu, on behalf of the Armed Forces, extended felicitations to the nation on Pakistan’s78th Independence Day. “As we pay homage to our founding fathers, we honor…

Tim Cook, chief executive officer of Apple Inc., during the Apple Worldwide Developers Conference (WWDC) at Apple Park campus in Cupertino, California, US, on Monday, June 9, 2025. David Paul Morris | Bloomberg | Getty ImagesApple on Thursday announced a redesigned blood oxygen feature for some Apple Watch users, following a years-long intellectual property dispute over the capability.Apple said the redesigned feature is coming to some Apple Watch Series 9, Series 10, and Apple Watch Ultra 2 users on Thursday. The update was possible because of a recent U.S. Customs ruling, the company said.In 2023, the International Trade Commission found…

The Cadillac Elevated Velocity concept car.Courtesy: CadillacGeneral Motors on Thursday unveiled the Cadillac Elevated Velocity, a new concept car aimed at building up the brand’s all-electric luxury crossover segment.The electric concept car has a “lifted yet elegant design,” according to Cadillac, riding on 24-inch wheels. It includes multiple driving modes to enhance the electric vehicle’s performance, the company said.”The word ‘elevate’ serves a dual meaning – it is a reference to the lifted chassis that enables high-speed off-road capabilities, but it also refers to an elevated luxury experience,” said Alexandra Dymowska, Cadillac senior brand designer, in a media release.The vehicle,…