Author: i2wtc

Elon Musk attends the U.S.-Saudi Investment Forum in Washington, D.C., U.S., November 19, 2025. Evelyn Hockstein | ReutersElon Musk’s artificial intelligence startup xAI is expected to close a $15 billion round at a $230 billion pre-money valuation next month, sources familiar with the matter told CNBC’s David Faber.The deadline for allocation is the end of day on Tuesday, with the round expected to close on Dec. 19, the sources said.This confirms earlier CNBC reporting that the company was raising $15 billion. The Tesla CEO later called the report on the round “False” in a post on the social media platform…

A freight train loaded with goods departs from the Ganzhou International Inland Port in Ganzhou, east China’s Jiangxi Province, Nov. 19, 2025. (Photo by Zhang Mengfei/Xinhua)NANCHANG, Nov. 25 (Xinhua) — Five years ago, Zhu Hao, marketing general manager of Jiangxi Sanyou Furniture in east China’s Jiangxi Province, could hardly imagine that the European market would one day become a major client. Today, however, Europe accounts for 70 percent of the company’s foreign orders.The transformation began with a visit from a Hungarian delegation facilitated by the Ganzhou International Inland Port. An order worth 100,000 yuan (14,119.1 U.S. dollars) was placed and…

A security guard standing outside Election Commission of Pakistan in Islamabad on September 21, 2023. Photo: AFP PESHAWAR: The Khyber-Pakhtunkhwa government has ordered an inquiry into alleged rigging in the NA-18 Haripur by-election, accusing the Election Commission of Pakistan (ECP) of manipulating results. Special Assistant to the Chief Minister on Information, Shafi Jan, levelled these allegations while speaking to the media at the K-P Assembly on Monday. Shafi Jan claimed that Pakistan Tehreek-e-Insaf (PTI) had secured victory through public support, but their mandate was “stolen from inside the Returning Officer’s (RO) office.” He asserted that all Form-45 documents were in…

*The spaceship, flying without a crew aboard, carried a cargo of space food, medical supplies, fresh fruit and vegetables, as well as devices for fixing the cracked window on the Shenzhou-20 spaceship.*Within 20 days, all participating research and testing units collaborated and completed a series of critical tasks, including risk assessment, solution analysis and decision-making, personnel and material deployment, crew return aboard a replacement vessel, as well as an emergency launch, offering a world-class example of managing an in-orbit emergency, the CMSA said.*Since the Shenzhou-12 mission, China’s manned spaceflight has adopted a “rolling backup” model, with one combination of the…

Theme highlights urgent need to address rise of violence against women, girls in digital realmPresident Asif Ali Zardari. Photo: PID ISLAMABAD: President Asif Zardari and Prime Minister Shehbaz Sharif have urged state institutions, civil society and communities to step up collective efforts to end violence against women, stressing the need for not just stronger laws but their full implementation. In his message on the observance of the International Day for the Elimination of Violence against Women, the president urged citizens to challenge discrimination, exclusion and silence, noting that meaningful change must start at home and in the workplace. He said…

A Dick’s Sporting Goods logo is displayed outside one of their stores on October 10, 2025 in San Diego, California. Kevin Carter | Getty ImagesThis 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. Checking outA number of retail giants reported earnings this morning, offering the latest reading on the consumer in the run-up to Black Friday. The releases follow last week’s slew of retail earnings.Here’s the latest reports:2. AI’s leaderboardA Broadcom sign is pictured as the company prepares to launch new optical chip…

A Dick’s Sporting Goods store in Pleasant Hill, California, US, on Monday, Nov. 24, 2025. David Paul Morris | Bloomberg | Getty ImagesDick’s Sporting Goods is planning to close a slew of Foot Locker stores now that its acquisition of the sneaker company is complete, the company said Tuesday when announcing fiscal third-quarter earnings.  It’s unclear how many stores Dick’s plans to shutter, but the closures are part of a larger restructuring it’s implementing so Foot Locker isn’t a drag on its profits come fiscal 2026, Dick’s Executive Chairman Ed Stack told CNBC’s Courtney Reagan. “We need to clean out the garage,”…

Until the new elections, each board will function under a two-member caretaker set-up RAWALPINDI: The four-year term of elected public representatives in 37 out of 44 cantonment boards across the country has been completed. New elections will now be held at these cantonments. In view of the conclusion of their terms, the elected members of these cantonment boards have been relieved of their positions, and caretaker boards are now being formed. The Ministry of Defence has issued a letter to the Military Lands & Cantonments (MLC) Department. Until the new elections, each board will function under a two-member caretaker board…

A Best Buy store in Pinole, California, US, on Monday, Nov. 24, 2025. Best Buy Co. is expected to release earnings figures on November 25. David Paul Morris | Bloomberg | Getty ImagesBest Buy hiked its full-year forecast Tuesday, as it topped Wall Street’s quarterly sales expectations and customers turned to the retailer to upgrade tech devices and splurge on new computers, gaming consoles and smartphones. The consumer electronics retailer said it now expects revenue of between $41.65 billion to $41.95 billion for the full year, higher than its previous range of $41.1 billion to $41.9 billion. It expects adjusted…

A sign opposing a zoning change for a Microsoft data center appears in Caledonia, Wisconsin, on Sept. 19, 2025.Jordan Novet | CNBCThe village of Caledonia, Wisconsin, sandwiched between Chicago and Milwaukee along Lake Michigan, is dotted with corn and soybean fields, single-story homes and traffic signs alerting drivers to horseback riders.In September, when Microsoft, the world’s third most-valuable company, sought to rezone 244 acres of agricultural land for a data center, 40 of the 49 people who spoke before the village’s planning commission opposed the plan.They worried about noise. They said air quality, already in violation of federal standards, could…