Author: i2wtc

Two portfolio stocks are making news Monday — one in enterprise software and the other in banking. Earnings preview : Bank of America lowered its price target on Salesforce to $305 per share from $325 ahead of quarterly earnings next month. The analysts, who kept a buy rating on shares, cited cheaper multiples across software peers, according to a Monday note. They added that low expectations and low investor sentiment into the quarter means limited downside for the stock at current levels. However, BofA predicts that Salesforce’s fiscal 2026 third-quarter revenue and current remaining performance obligations (RPO) will be in line.…

Chip Somodevilla | Getty ImagesIn Google’s IPO prospectus 21 years ago, founders Larry Page and Sergey Brin gave a flattering nod to Warren Buffett, suggesting in their letter to prospective investors that the billionaire investor was a big influence.They titled their founders’ letter, “‘An owner’s manual’ for Google’s shareholders,” and indicated that there was a footnote worth reading.”Much of this was inspired by Warren Buffett’s essays in his annual reports and his ‘An Owner’s Manual’ to Berkshire Hathaway shareholders,” the footnote said.More than two decades later, Buffett is showing that the admiration goes both ways. Berkshire Hathaway, Buffett’s holding company,…

Govini founder Eric Gillespie urged a person who he believed to be a dad offering his 10-year-old daughter to be sexually abused to use encrypted chat platforms, a Pennsylvania criminal complaint alleges.”Signal is safer for er small talk,” Gillespie wrote to the purported father, who was actually an undercover law-enforcement agent, according to a transcript of a chat included in the criminal complaint obtained by CNBC.Gillespie then wrote that Session, another commonly used end-to-end encrypted platform, is “fine but less secure” than Signal, the filing says.While chatting in Session, he sent the agent multiple photos of a “recent playmate” wearing…

Acting Administrator of the Federal Emergency Management Agency (FEMA) David Richardson testifies before the House Committee on Transportation and Infrastructure Subcommittee on Economic Development, Public Buildings, and Emergency Management in the Rayburn House Office Building on July 23, 2025 in Washington, DC. Kevin Dietsch | Getty ImagesDavid Richardson, the acting head of the Federal Emergency Management Agency, is stepping down, according to a senior Trump administration official, ending a troubled tenure just six months into the job and while the Atlantic hurricane season is underway.Richardson, a former Marine Corps officer, is the second FEMA head to leave or be fired…

Igor Golovnov | Lightrocket | Getty ImagesData center stocks took a major hit on Monday after Morgan Stanley downgraded seven hardware companies, including Dell and Hewlett Packard Enterprise.The bank double-downgraded Dell from overweight to underweight and downgraded HPE from overweight to equal weight.Dell and HPE closed down 8% and 7%, respectively.HP Inc, Asustek and Pegatron were also downgraded from equal weight to underweight, while Gigabyte and Lenovo were lowered from equal weight to overweight. All companies saw shares dip as much as 6%.Morgan Stanley analysts wrote that computer makers are in the midst of an unprecedented pricing “supercycle,” as hyperscalers…

Security forces continue operations against groups spreading terror, unrest in religion’s name Shocking revelations have emerged regarding the activities of Fitna al-Khawarij, a terrorist group that allegedly misuses religion to radicalise youth against the Pakistan Army. The alleged video confession was aired live by state broadcaster PTV News, then picked up by private news media channels. Alleged foreign militant, identified as Ehsanullah, son of Abdul Janan from the Mehsud tribe, disclosed that he supported commanders Badri, Mushtaq, Grenade, and Islamuddin for three years. He revealed that Fitna al-Khawarij manipulated young people to carry out terrorist attacks, including assaults on police stations…

Over 13,000 measles and rubella cases reported last year, says K-P health minister Khyber-Pakhtunkhwa on Monday launched a province-wide measles and rubella vaccination campaign amid rising cases and preventable deaths, with senior government officials stressing the urgent need for public awareness and stronger health reforms. Addressing the inaugural ceremony, K-P Health Minister Khaliqueur Rahman said that more than 13,000 measles and rubella cases were reported in the province last year, while 25 children died, calling it a matter of grave concern. He said the government aims to bring next year’s case count down to zero, but the target can only…

FILE PHOTO: Former FBI Director James Comey testified in front of the Senate Intelligence Committee in the Senate Hart building on Capitol Hill, on Thursday, June 8, 2017.Cheriss May | Nurphoto | Getty ImagesA federal magistrate judge on Monday raised the possibility that the indictment against former FBI director James Comey on charges of lying to Congress — which was obtained at the behest of President Donald Trump — could soon be dismissed because of potential “misconduct” by the prosecution.The suggestion by Judge William Fitzpatrick came as he ordered the Department of Justice to release all grand jury material related…

Cast reflects on nostalgia, nerves, emotional core of a story shaped by love, long artistic bondsCast members at a media junket for the film Neelofar in Karachi. Photo: Express KARACHI: The cast of the upcoming Pakistani romance, ‘Neelofar’, vibrantly shares their palpable excitement, a subtle current of nervousness beneath it, and their unwavering confidence in their forthcoming performance. At a media junket for the film, leads Mahira Khan and Fawad Khan, joined by Behroze Sabzwari, Sarwat Gillani, Madiha Imam and Atiqa Odho, expressed confidence that the film’s story would connect with audiences. “Sometimes in life, projects come your way that…

2025 is proving to be a defining year for cybersecurity, with the rise of artificial intelligence that can both defend and attack computer networks. A surge in ransomware attacks and data breaches disrupting businesses worldwide has investors looking for cyber companies – such as portfolio names Palo Alto Networks and CrowdStrike – that can turn their security capabilities into consistent revenue growth and profitability — and, higher and higher stock prices. The biggest hacks this year impacted companies such as Yahoo, Alibaba , Microsoft ‘s LinkedIn, Meta Platforms ‘ Facebook, and Marriott — just to name a handful. The rise…