Author: i2wtc
E. J. Antoni, Heritage Foundation economist and former economist for the Texas Public Policy Foundation.Courtesy: Texas Public Policy FoundationHeritage Foundation economist E. J. Antoni, who President Donald Trump picked Monday to lead the Bureau of Labor Statistics, recently floated the idea of the BLS suspending its traditional monthly jobs reports.Antoni, in an interview last week with Fox News Digital, questioned the accuracy of those monthly reports, which are key economic indicators that Wall Street investors and economists rely upon to assess the health of the U.S. labor market.”How on earth are businesses supposed to plan – or how is the…
A nurse prepares doses of the Pfizer vaccine during a COVID-19 vaccination event at Josephine’s Southern Cooking in Chatham, Illinois, Dec. 30, 2021.Brian Cassella | Tribune News Service | Getty ImagesThe Food and Drug Administration is considering revoking its authorization of Pfizer’s Covid-19 vaccine for healthy children under the age of 5, the drugmaker confirmed to CNBC on Tuesday. The move could leave many kids with no available shot against the virus, as jabs from Moderna and Novavax are cleared for more limited populations. While Covid typically causes mild symptoms in most children, others, such as infants under 1 or those…
The Pakistan Stock Exchange (PSX) closed marginally higher on Tuesday as it entered a consolidation phase, with the benchmark KSE-100 index gaining 75.48 points, or 0.05%, to settle at 147,005.32. Analysts noted that investors adopted a cautious stance amid mixed sentiment, selective buying, and profit-taking. Trading volumes recorded an uptick, supported by gains in banking stocks, while weakness in the fertiliser and energy sectors capped overall gains. Arif Habib Limited (AHL) Deputy Head of Trading Ali Najib said the KSE-100 index floated in both directions during the session before closing slightly positive, maintaining the key 147,000 level. “Mixed sentiment was…
Mike Intrator, co-founder and CEO of CoreWeave, speaks at the Nasdaq headquarters in New York on March 28, 2025.Michael M. Santiago | Getty Images News | Getty ImagesCoreWeave shares fell about 6% in extended trading on Tuesday even as the provider of artificial intelligence infrastructure beat estimates for second-quarter revenueHere’s how the company did in comparison with LSEG consensus:Earnings per share: Loss of 21 centsRevenue: $1.21 billion vs. $1.08 billion expectedRevenue more than tripled from $395.4 million a year earlier, CoreWeave said in a statement. The company registered a $290.5 million net loss, compared with a $323 million loss in…
Customers arrive at a Cava restaurant in New York City on June 22, 2023.Brendan Mcdermid | ReutersCava on Tuesday lowered its full-year forecast for same-store sales growth after a disappointing second quarter.For the full year, Cava now anticipates same-store sales growth of 4% to 6%, down from its prior range of 6% to 8%.Shares of the company plunged more than 20% in extended trading. The stock has fallen 40% this year, including the after-hours move.Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per share: 16 cents vs. 13 cents…
Listen to article Prime Minister Shehbaz Sharif on Tuesday directed authorities to ensure the completion of the 100-megawatt solar power project in Gilgit-Baltistan (G-B) within a year, reaffirming the federal government’s full financial commitment to the initiative. Chairing a review meeting in Islamabad, the prime minister said the project would be executed on a priority basis to provide uninterrupted, low-cost, and environmentally sustainable electricity to the region, which frequently faces prolonged power outages. The premier said he would personally supervise the progress of the project, which he described as a crucial step toward ending energy shortages in G-B. He further instructed that…
FILE PHOTO: DJ D-SOL performs during the ‘Safe & Sound’ Drive-In Concert Fundraiser Presented by JAJA Tequila and In The Know Experiences In Partnership with Bumble at Nova’s Ark Project on July 25, 2020 in Water Mill, New York.Kevin Mazur | Getty ImagesPresident Donald Trump on Tuesday said that Goldman Sachs CEO David Solomon should either replace his economist or “just focus on being a DJ,” days after the bank’s economist warned that American consumers will pay for an increasing share of new tariffs.Trump’s broadside against Solomon — who moonlights as a DJ — came as the president touted the…
Listen to article Pakistan and the United States have reaffirmed their intention to work together closely in multilateral forums, including the United Nations, to advance effective and enduring counterterrorism strategies. A joint press statement confirmed that the latest round of the Pakistan-US Counterterrorism Dialogue took place on Tuesday, where both sides reiterated their shared commitment to combating terrorism in all its forms and manifestations. The dialogue was co-chaired by Nabeel Munir, Special Secretary for the United Nations, and Gregory D LoGerfo, Acting Coordinator for Counterterrorism at the US Department of State. Delegations from both countries underscored the importance of developing effective counterterrorism…
The Perplexity app in the Apple App Store on a smartphone arranged in Washington, DC, US, on Sunday, June 1, 2025. Stefani Reynolds | Bloomberg | Getty ImagesArtificial intelligence startup Perplexity AI has made an unsolicited $34.5 billion bid for Google’s Chrome browser, CNBC confirmed on Tuesday.That figure is higher than Perplexity’s current valuation, but the company said several investors have agreed to back the deal. In July, Perplexity was valued at $18 billion as part of an extension that valued the company at $14 billion months earlier.Google did not immediately respond to CNBC’s request for comment. The Wall Street…
Jaque Silva | Lightrocket | Getty ImagesSatellite designer AST SpaceMobile said it’s preparing to deploy nearly five dozen satellites to power cellular-based broadband networks, a move that establishes the company as a rival to Elon Musk’s dominant SpaceX.The company, based in Texas, released its second-quarter earnings after the bell on Monday, reporting that its satellites are fully funded and preparing for deployment with more than $1.5 billion on its balance sheet.Shares of the space company surged more than 10% on the news on Tuesday. The stock is up more than 140% year to date in what’s been a boom for…