Author: i2wtc
Elon Musk, CEO of Tesla Inc., in the Oval Office of the White House in Washington, D.C., on Feb. 11, 2025.Aaron Schwartz | Bloomberg | Getty ImagesTesla’s postelection pop has almost disappeared.Shares of the electric vehicle maker plunged more than 8% on Tuesday, pushing the company’s market cap below $1 trillion and to its lowest since Nov. 7, which was two days after President Donald Trump’s election victory.The stock has plummeted 25% to start the year, while the Nasdaq is down just 1.5%, and has slid more than 35% from its record close on Dec. 16. CEO Elon Musk has…
Speaker of the House Mike Johnson, R-La., conducts a news conference in the Capitol Visitor Center on the potential budget resolution vote and other issues, after a meeting of the House Republican Conference on Tuesday, Feb. 25, 2025.Tom Williams | CQ-Roll Call, Inc. | Getty ImagesThe Republican-controlled U.S. House of Representatives late on Tuesday advanced President Donald Trump’s tax-cut and border agenda, delivering a major boost to his 2025 agenda.The vote on passage was 217-215, with one Republican voting in opposition and no Democrats supporting the controversial measure. One Democrat did not vote.It followed an unusual series of maneuvers by Speaker…
Listen to article Pakistan and Russia have agreed to activate a counter-terrorism dialogue, strengthening security cooperation between the two nations, the interior ministry announced on Tuesday. The agreement was reached during a meeting between Interior Minister Mohsin Naqvi and Russian Ambassador Albert P Khorev in Islamabad. The two officials also discussed bilateral relations and matters of mutual interest, the ministry said in a statement. Both sides decided to enhance collaboration in counter-terrorism and anti-narcotics efforts, while also increasing delegation exchanges to strengthen ties. The Russian envoy invited Pakistani officials to participate in anti-narcotics training programmes in Moscow and Siberia. Naqvi stressed that terrorism…
Russia has said it opposes having NATO troops on the ground in Ukraine, even if they operated under a different flag.Russia has reiterated its objection to the potential deployment of European peacekeepers to Ukraine as part of any agreement to halt the war, after US President Donald Trump claimed that Moscow would be open to such a move. Trump said on Monday that both he and Russian President Vladimir Putin accepted the idea of European peacekeepers in Ukraine. “Yeah, he will accept that,” Trump said. “I specifically asked him that question. He has no problem with it.” Asked by reporters…
Carl Eschenbach, CEO of Workday, speaks on CNBC’s “Squawk Box” outside the World Economic Forum in Davos, Switzerland, on Jan. 23, 2025.Gerry Miller | CNBCWorkday, a maker of human resources and finance software, reported better-than-expected quarterly results on Tuesday. The shares popped more than 10% in extended trading.Here’s how the company did in comparison with LSEG consensus:Earnings per share: $1.92 adjusted vs. $1.78 expectedRevenue: $2.21 billion vs. $2.18 billion expectedRevenue increased 15% year over year in the quarter that ended on Jan. 31, according to a statement. Net income fell to $94 million, or 35 cents per share, from $1.19…
Cinema 73, a community space in Karachi where friends, strangers and city sounds come together to celebrate cinema. Cinema 73 is housed in a small garage, outside a home in Seaview Apartments. Though it is open, you feel incubated inside of it, held within the warm square of its projector light. At a recent screening called ‘Short Stay,’ which featured short films by five emerging, independent filmmakers from Pakistan, some people crowded around the screen, on the floor, others took the half-dozen chairs while the rest stood at a slight distance from the movies’ shifting images. Unlike a ‘real’ or…
The judge said that the administration had failed to comply with earlier orders that the funds be unfrozen.A federal judge has ordered the administration of US President Donald Trump to pay foreign aid funds to contractors and grant recipients by the end of Wednesday. The order marks the third time the judge in the case, Amir Ali, has ruled that officials must release funds that were frozen after Trump ordered a 90-day pause on all foreign aid. In Tuesday’s ruling, Judge Ali noted there is no indication the administration has taken any steps to comply with his earlier orders. The…
Charles Liang, CEO of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, on June 5, 2024.Annabelle Chih | Bloomberg | Getty ImagesSuper Micro Computer reported its delayed financial results on Tuesday just in time to meet the Nasdaq’s listing deadline. Shares of the server maker popped 22% in extended trading after the filing.”In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company at June 30, 2024,” BDO, the company’s auditor, wrote in the filing, adding that the results are “in conformity with accounting principles generally accepted” in the…
U.S. President Donald Trump speaks on the day he signs an executive order in the Oval Office, at the White House in Washington, D.C., U.S., Feb. 25, 2025. Evelyn Hockstein | ReutersU.S. President Donald Trump on Tuesday floated the idea of replacing a visa program for foreign investors with a so-called “gold card” that could be bought for $5 million as a route to American citizenship.Trump told reporters he will replace the “EB-5” immigrant investor visa program, which allows foreign investors of large sums of money that create or preserve U.S. jobs to become permanent residents, with a so-called “gold card.”The…
Sens. Elizabeth Warren, D-Mass., center, Amy Klobuchar, D-Minn., and Senate Minority Leader Charles Schumer, D-N.Y., conduct a news conference after the Senate Policy luncheons in the Capitol, March 14, 2017.Tom Williams | CQ Roll Call | Getty ImagesDemocrat lawmakers led by Massachusetts Sen. Elizabeth Warren on Tuesday held a forum pushing back against the moves that the Trump administration and Elon Musk have taken to neutralize the Consumer Financial Protection Bureau.Guests at the event included a retired military veteran helped by the agency, a mortgage broker who said the CFPB has helped curb industry abuses, and the bureau’s former head…