Author: i2wtc
Section 144 imposed as police break up gathering, detaining nine people; protests also reported in other Sindh citiesPolicemen detain Pakistan Tehreek-e-Insaf supporters during a protest against the 27th Constitutional Amendment in Karachi on November 21, 2025. PHOTO: AFP The Karachi administration prevented the Tehreek-e-Tahaffuz-e-Ain from holding a protest outside the Karachi Press Club against the 27th Constitutional Amendment, enforcing the ban on public gatherings under Section 144. Police detained at least nine people as authorities sealed all routes leading to the press club and diverted traffic to other roads causing chaos in the city centre. Although PTI claimed around two dozen…
House Minority Leader Hakeem Jeffries on Friday rejected as “ridiculous” an accusation that Democrats want to let pivotal Obamacare subsidies lapse in order to deal a political blow to Republicans.”Shame on you,” Jeffries, D-N.Y., said at one point as he pushed back on that notion in a fiery exchange with CNBC’s Becky Quick on “Squawk Box.”The clash came less than six weeks before those subsidies — enhanced tax credits that reduce health-insurance premiums under the Affordable Care Act for millions of enrollees — are set to expire.Quick had questioned why House Democrats are seeking a three-year extension of those subsidies,…
A sign with the company logo sits outside of the headquarters of Eli Lilly in Indianapolis, Indiana, on March 17, 2024.Scott Olson | Getty ImagesEli Lilly reached a $1 trillion market capitalization on Friday, the first health-care company in the world to join the exclusive club dominated by tech firms.Eli Lilly briefly hit the $1 trillion mark in morning trading before retreating. It was last trading around $1,048 a share. Eli Lilly is the second non-technology company to reach the coveted $1 trillion mark in the U.S. after Warren Buffett’s Berkshire Hathaway.The drugmaker’s stock has climbed more than 36% this year…
A Long March-3B carrier rocket carrying the Shiyan-21 satellite blasts off from the Xichang Satellite Launch Center in southwest China’s Sichuan Province, Nov. 21, 2025. The Shiyan-21 satellite was launched at 6:55 p.m. (Beijing Time) aboard a Long March-3B carrier rocket and entered the preset orbit successfully. (Photo by Wang Yinjie/Xinhua)XICHANG, Nov. 21 (Xinhua) — China sent a new communication technology test satellite into space from the Xichang Satellite Launch Center in its southwest Sichuan Province on Friday.The Shiyan-21 satellite was launched at 6:55 p.m. (Beijing Time) aboard a Long March-3B carrier rocket and entered the preset orbit successfully.The satellite…
ISLAMABAD: Three important meetings of the Judicial Commission of Pakistan (JCP) — regarding the appointment of a Supreme Court judge and the appointment of chief justices for two high courts —have been scheduled for December 2. These meetingschaired by Chief Justice of Pakistan (CJP) Yahya Afridiwill be the first formal meetings of the JCP concerning appointments to the superior judiciary after the 27th Constitutional Amendment. According to the agenda for the first meeting, the commission will consider the appointment of the chief justice of the Sindh High Court, for which the names of the court’s three most senior judges will…
Nvidia outperformed all expectations, reporting soaring profits Wednesday thanks to its graphics processing units that excel at AI workloads. But more categories of AI chips are gaining ground. Custom ASICs, or application-specific integrated circuits, are now being designed by all the major hyperscalers, from Google’s TPU to Amazon’s Trainium and OpenAI’s plans with Broadcom. These chips are smaller, cheaper, accessible and could reduce these companies’ reliance on Nvidia GPUs. Daniel Newman of the Futurum Group told CNBC that he sees custom ASICs “growing even faster than the GPU market over the next few years.”Besides GPUs and ASICs, there are also…
‘If Afghan govt is unwilling to address our concern, there is no reason for us to carry burden of expectations’Defence Minister Khawaja Muhammad Asif and Afghan Defence Minister Mullah Mohammad Yaqoob Mujahid shake hands following the signing of a ceasefire agreement mediated by Qatar and Turkey in Doha on October 19. Photo: Reuters ISLAMABAD: In a significant shift from years of diplomatic firefighting on its western frontier, Pakistan has finally recalibrated its Afghan policy, moving away from any notion of appeasing the Afghan Taliban and instead now following a “waiting game” to unravel things in the neighbouring country. Senior officials…
This 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. Hero to zeroStock investors didn’t end up getting the post-Nvidia earnings market bounce they hoped for. After opening yesterday’s trading session higher, stocks took a dramatic midday tumble, once again casting doubt on the artificial intelligence trade.Here’s what to know:Nvidia shares gave up their 5% post-earnings gain, ending the session down more than 3% despite the chipmaker’s blockbuster quarterly results and guidance. The AI darling’s stock is on track to finish the week down…
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.In 1989, Byron Trott was working at Goldman Sachs in the private wealth management division when he paid a visit to Jack Taylor, the founder of Enterprise Rent-A-Car Company.”Jack was there with his son, Andy, who was running the company,” Trott said. “And they said to me, ‘Sport, I don’t know who told you we have any money, but we are 10 to 1 levered on our business.’ Now,…
The opening ceremony of the Global Panda Partners 2025 conference is held in Chengdu, southwest China’s Sichuan Province, Nov. 21, 2025. The Global Panda Partners 2025 conference opened here on Friday. (Xinhua/Wang Xi)CHENGDU, Nov. 21 (Xinhua) — Experts, officials and representatives from over 30 countries and regions gathered Friday in Chengdu, southwest China’s Sichuan Province, for the opening of the Global Panda Partners Conference 2025.Themed “Working Together to Protect, Build, and Share,” the conference serves as an academic, open and international exchange platform aimed at building global consensus on ecological protection and green development.The opening ceremony saw the release of…