Author: i2wtc
Republican Sen. Ron Johnson on Wednesday blasted President Donald Trump’s “one big, beautiful bill” as “immoral” and “grotesque,” and reiterated that he will vote against it unless his GOP colleagues make major changes.”This is immoral, what us old farts doing to our young people,” Johnson said on CNBC’s “Squawk Box” after sounding alarms that the massive tax-and-spending-cut bill would add trillions of dollars to national deficits. “This is grotesque, what we’re doing,” Johnson said. “We need to own up to that. This is our moment.””I can’t accept the scenario, I can’t accept it, so I won’t vote for it, unless…
Armed men abducted Tump Assistant Commissioner Hanif Noorzai on Wednesday morning near Tigranabad as he was traveling with his family to Quetta, according to local sources. Eyewitnesses report that between six to eight armed individuals stopped his official vehicle, took him away at gunpoint, and fled with the car. His wife, driver, and official gunman were left at the site and remain unharmed. The incident has prompted a swift response from security forces, who have launched a large-scale search operation in the area. Snap-checking has begun along Zubaida Jalal Road and nearby routes, while intelligence-based efforts are being used to…
George Kurtz, chief executive officer of Crowdstrike Inc., listens during an interview in San Francisco, California, U.S., on Wednesday, Sept. 25, 2019. Michael Short | Bloomberg | Getty ImagesShares of CrowdStrike slumped more than 6% on Wednesday morning after the cybersecurity company issued lackluster revenue guidance for the current quarter.The security software maker said it expects revenue to range between $1.14 billion and $1.15 billion this quarter, falling short of the $1.16 billion estimate from analysts polled by LSEG. CrowdStrike called for adjusted earnings per share between 82 cents and 84 cents for the quarter, versus an LSEG estimate of adjusted earnings…
Listen to article At least 95 Palestinians have been killed and 440 injured by Israeli attacks across Gaza in the past 24 hours, according to the Palestinian health ministry. The war in Gaza is having a devastating effect on pregnant women and nursing mothers, with an estimated 50,000 at serious risk due to shortages of food and essential medicines, according to a hospital in central Gaza, reported Al Jazeera. Khalil al-Daqran, spokesperson for Al-Aqsa Martyrs Hospital in Deir el-Balah, said rates of miscarriage had increased sixfold since the outbreak of war and had been accompanied by a large rise in premature births,…
Microsoft is giving LinkedIn CEO Ryan Roslansky a bigger job, expanding his role to include oversight of Office productivity software, CNBC has learned.Roslansky, who took over LinkedIn five years ago, is becoming executive vice president of Office, reporting to Rajesh Jha, Microsoft’s executive vice president for experiences and devices, according to a person familiar with the matter. Microsoft CEO Satya Nadella informed employees about the change in an email on Wednesday, said the person, who asked not to be named because the email was internal.In his role as LinkedIn CEO, Roslansky will continue to report to Nadella, the person said.LinkedIn,…
President Donald Trump’s “big, beautiful bill” would add $2.4 trillion to the national debt over the next decade, the nonpartisan Congressional Budget Office estimated Wednesday.The bill passed by House Republicans last month would decrease federal revenues by $3.7 trillion and lower spending by $1.3 trillion, according to the CBO’s latest analysis.The budget package is expected to be tweaked further in the Senate, where it already faces headwinds from deficit hawks who have criticized the bill over concerns that it would lead to exploding deficits.Sen. Ron Johnson, R-Wis., said earlier Wednesday on CNBC’s “Squawk Box” that he would not vote for…
Listen to article In a major setback for India, Pakistan has been elected vice-chair of the United Nations Security Council’s (UNSC) Counter-Terrorism Committee and will also chair the UNSC’s 1988 Taliban Sanctions Committee in 2025. This marks a significant diplomatic victory for Islamabad on the global stage. The recent development comes as a high-level parliamentary delegation led by Bilawal Bhutto Zardari visited the United Nations Headquarters in New York following the confrontation with India over the Pahalgam attack. The situation de-escalated after US President Donald Trump’s intervention, leading to a ceasefire. During their visit, the delegation presented Pakistan’s position on regional tensions,…
A power substation near the LC1 CloudHQ data center in Ashburn, Virginia, on March 27, 2024.Nathan Howard | Bloomberg | Getty ImagesAmazon plans to spend $10 billion on new data centers in North Carolina to expand its artificial intelligence infrastructure, the company said Wednesday.Amazon has earmarked up to $100 billion this year on capital expenditures, with the lion’s share going to AI-related projects. Like other major tech companies, Amazon is racing to build out its capacity to power AI tasks in order to keep pace with rivals including Microsoft, Google and OpenAI. The investment in North Carolina will create 500…
A nationwide coordinated crackdown on retail crime — what authorities are calling the first of its kind — led to hundreds of arrests in 28 states last week.The blitz, led by Illinois’ Cook County regional organized crime task force, involved more than 100 jurisdictions and over 30 retailers including Home Depot, Macy’s, Target, Ulta Beauty, Walgreens, Kroger and Meijer.”When you give specific focus to a crime, it reverberates,” Cook County Sheriff Tom Dart told CNBC. “When they see it is being prosecuted and taken seriously, it deters conduct. They don’t want to get caught.”Organized retail crime — a type of…
Listen to article KARACHI: The Pakistan Stock Exchange (PSX) on Tuesday soared to an all-time high above 120,000 points as investor optimism grew following a string of positive economic developments. The approval of a $800 million loan by the Asian Development Bank (ADB) for Pakistan’s public finance programme and the government’s approval of a Rs880 billion Public Sector Development Programme (PSDP) bolstered market sentiment. The KSE-100 index surged to the intra-day high of 1,816 points, before closing the day with an increase of 1,573 points at 120,451. Commercial bank, fertiliser and cyclical stocks led to broad-based gains while higher trading volumes, which…