Author: i2wtc

Abercrombie & Fitch’s growth story is starting to slow down.Shares of the apparel retailer plummeted 15% on Wednesday after the company issued weaker-than-expected guidance for its current quarter and fiscal 2025, and said it expects its sales will grow more slowly than Wall Street anticipated.Abercrombie is expecting sales to rise between 3% and 5% in fiscal 2025, well below estimates of 6.8% growth, according to LSEG. During its current quarter, the company anticipates earnings per share will be between $1.25 and $1.45, short of expectations of $1.97.A slowdown at Abercrombie’s namesake brand is compounding concerns. The segment had been leading…

Listen to article ISLAMABAD: Just a day after his retirement as additional registrar (judicial), Nazar Abbas was re-employed as director general (judicial wing) — a BPS-21 post — in the Supreme Court on a six-month contract. The DG judicial wing post has been created for the first time in the apex court. Last month, a two judge Supreme Court bench had withdrawn a contempt notice issued to the senior staff member for not fixing a case regarding the jurisdiction of regular benches. Abbas’s basic pay to be fixed in BPS-21 at the stage of last pay, including personal pay to which he…

Shortly after Donald Trump was first elected president in 2016, The Washington Post unveiled this pompous and, by now, obsolete slogan: “Democracy Dies in Darkness”. The ominous-sounding motto was meant, I expect, to convey, at once, the brewing threat that a Trump presidency posed to America’s decaying republic, and the Post’s solemn, cross-our-hearts commitment to keep the flickering lights on. Well, it turns out that Jeff Bezos, the Post’s billionaire proprietor who was instrumental in having the newspaper adopt the alliterative catchphrase, is the “darkness” that causes an on-life-support democracy to declare a code blue. In late February, Bezos gutted…

The United States has suspended intelligence sharing with Kyiv in a move that could severely restrict the Ukrainian military’s ability to strike Russian forces. The cut-off comes after the US suspended military aid to Ukraine amid a dramatic collapse in relations between US President Donald Trump and Ukrainian President Volodymyr Zelenskyy. Since the start of the war in 2022, the US has provided Ukraine with significant intelligence, including critical information its military needs for targeting purposes. It was not immediately clear to what extent the US had cut off the sharing. In an interview with Fox Business broadcast on Wednesday,…

Apple’s M4 MacBook Air in a marketing photograph.AppleApple on Wednesday announced new MacBook Air models that update the company’s bestselling laptop with a faster M4 chip and an upgraded videoconferencing camera.The computers also got a $100 price cut in the U.S., despite tariffs by President Donald Trump that took effect on Tuesday that experts have said could cause the price of electronics to rise. The 13-inch MacBook Air starts at $999, and the larger, 15-inch model starts at $1,099. Users can pay more for memory and storage upgrades.Although it has the same design as last year’s MacBook Air, the new computer…

US President Donald Trump acknowledging the crowd following his inauguration as the 47th President of the United States in the rotunda of the United States Capitol in Washington, DC, USA, 20 January 2025. Shawn Thew | Via ReutersCommerce Secretary Howard Lutnick argued Wednesday that former President Joe Biden — not his boss, President Donald Trump — is to blame for recent negative economic data and a plunge in stock prices.”The president spoke about it last night,” Lutnick said in an interview on Bloomberg television. “He said Biden left him a pile of poop.””He left him a lot of the economy that…

National Hockey League Commissioner Gary Bettman said Wednesday that the league could be affected by the current tensions between the U.S. and Canada.Bettman said 25% of the league’s revenue comes from its Canadian clubs. Though he said the Canadian teams perform well, Bettman added that there could be ramifications for the league depending on the state of Canadian tariffs.”All players, no matter which country they play in, get paid in U.S. dollars,” Bettman told CNBC’s Becky Quick on “Squawk Box.” “So if the impact of the tariffs is to see the Canadian dollar drop relative to the U.S. dollar, it…

Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, takes part in a deliberation with fellow lawmakers from Jiangsu during the third session of the 14th National People’s Congress in Beijing, capital of China, March 5, 2025. (Photo by Zhan Zheng/Xinhua)BEIJING, March 5 (Xinhua) — Chinese President Xi Jinping on Wednesday urged east China’s Jiangsu Province, an economic powerhouse, to play a major role in the country’s overall development.Xi, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military…

Listen to article Pakistan Tehreek-e-Insaf (PTI) senior leader Senator Shibli Faraz has announced that the party, along with the opposition alliance, will protest against the government after Eidul Fitr. In a media briefing outside the court in Peshawar, Shibli Faraz stated that the alliance with the opposition is already in the works and that negotiations will be concluded in the coming days. “After Eid, we will all unite to protest against this government,” he said. Shibli Faraz criticised the government’s one-year tenure, calling it the “darkest period in Pakistan’s history.” He pointed out that the government passed several laws, including the PECA…

Erez Druk, co-founder and CEO of Freed.Courtesy: FreedFor Erez Druk, who spent almost four years working at Facebook, building health-care startup Freed has been a labor of love, quite literally. Druk’s wife, Dr. Gabi Meckler, works at a community clinic in northern California, where she cares for children and adults, and delivers babies at a local hospital. When not with patients, Meckler is inundated with paperwork, constantly updating medical records and related documents.”I got sucked into the world of clinicians,” Druk said in an interview. “One day, it was like, ‘Hey Gabi, what should we just build for you?’ And she…