Author: i2wtc

Oracle CEO Clay Magouyrk speaks at a Q&A following a tour of the OpenAI data center in Abilene, Texas, U.S., Sept. 23, 2025. Shelby Tauber | ReutersTwo months ago, Oracle’s stock had its best day since 1992, soaring 36% to a record after the company blew away investors with its forecast for cloud infrastructure revenue.Since then, the company has lost one-third of its value, more than wiping out those gains. Midway through November, the stock is on pace for its worst month since 2011.The hype was sparked by Oracle’s strengthening ties to OpenAI. But the mood of late has turned,…

Rawalpindi district court. PHOTO: FILE Despite rising terror threats in the twin cities, the Rawalpindi district courts, one of the city’s busiest areas, have become a major security risk due to a collapsed surveillance and security system. Out of 77 CCTV cameras installed at the premises, 61 are out of order, footage from 9 is non-functional and only 7 work partially, producing unusable images in darkness. Four walk-through gates at the main entrances have been inoperative for over 18 months, while metal detectors are also completely faulty. Police pickets on rooftops have been dismantled, and officers deployed for court security…

U.S. White House economic adviser Kevin Hassett speaks in front of a TV camera at the White House in Washington, D.C., U.S., November 13, 2025. Kevin Lamarque | ReutersBack pay owed to federal workers for the time they were furloughed during the government shutdown is expected to land in their bank accounts early next week, White House economic advisor Kevin Hassett said Thursday.”There really has been an aggressive effort to get people to get their checks as soon as possible,” Hassett told reporters, a day after President Donald Trump signed a short-term funding bill that allowed the government to reopen…

FILE PHOTO: A Boeing logo is seen before the opening of the 55th International Paris Airshow at Le Bourget Airport near Paris, France, June 13, 2025.Benoit Tessier | ReutersRoughly 3,200 Boeing defense workers were voting Thursday on a new contract that could end a more than three-month strike that has delayed the manufacturer’s production of F-15 fighter jets and other programs.The workers rejected previous offers, with their union saying the proposals failed to address concerns.The contract proposal the workers are voting on Thursday includes 24% wage increases over five years as well as a $6,000 upfront bonus, up from $3,000, though it…

Internet outages and security curbs leave Quetta residents anxious and routines on hold QUETTA: Life is rapidly recalibrating in Quetta as a series of security measures including a suspension of mobile internet, ban on large gatherings under Section 144 and tougher movement restrictions, leave classrooms empty, businesses offline and residents anxious about even routine tasks. What began as a precautionary response to security concerns has rippled through every layer of daily life, slowing the city’s rhythm and cutting off vital connections. From students struggling to freelancers missing deadlines and families unable to reach loved ones, the city now finds itself…

Internet outages and security curbs leave Quetta residents anxious and routines on hold QUETTA: Life is rapidly recalibrating in Quetta as a series of security measures including a suspension of mobile internet, ban on large gatherings under Section 144 and tougher movement restrictions, leave classrooms empty, businesses offline and residents anxious about even routine tasks. What began as a precautionary response to security concerns has rippled through every layer of daily life, slowing the city’s rhythm and cutting off vital connections. From students struggling to freelancers missing deadlines and families unable to reach loved ones, the city now finds itself…

Verizon chairman Mark Bertolini said Thursday that the company’s new CEO, former PayPal boss Dan Schulman, is working to revive Verizon from its period of share losses under former CEO Hans Vestberg.Bertolini, who is also the Oscar Health CEO and who was named Verizon chairman last month, told CNBC’s Becky Quick on “Squawk Box” that the company needs to “do something different” as it undergoes its leadership change.”Verizon has gone from number one in market cap, bond ratings and market share to number three. And the network isn’t as differentiated as it used to be, in large part because everybody’s…

fstop123 | E+ | Getty ImagesForeclosure filings climbed again in October, after sitting at historic lows in recent years, according to new data released Thursday.While the numbers are still small, the persistent rise in foreclosures may be a sign of cracks in the housing market.There were 36,766 U.S. properties with some type of foreclosure filing in October — such as default notices, scheduled auctions or bank repossessions, according to ATTOM, a property data and analytics firm. That was 3% higher than September and a 19% jump from October 2024, and marked the eighth straight month of annual increases, ATTOM said.Foreclosure…

Emilija Manevska | Moment | Getty ImagesArtificial intelligence startup Cursor on Thursday announced it has closed a $2.3 billion funding round at a $29.3 billion post-money valuation, nearly triple what it was worth as of its last raise in June.Cursor built a popular AI coding tool that helps software developers generate, edit and review code. Its parent company, Anysphere, is an applied research lab that was founded in 2022. Cursor is one of just a handful of AI startups, including OpenAI, Anthropic, xAI, Safe Superintelligence and Thinking Machines, that are valued at over $10 billion.Investors including Accel, Thrive Capital, Andreessen Horowitz,…

ICMC 2025 underscores regional integration, Islamic finance innovation and women’s inclusion in capital market reform KARACHI: Pakistan Stock Exchange (PSX) CEO Farrukh H Sabzwari highlighted the Pakistan-China cross-border Exchange-Traded Fund (ETF) initiative as one of the most promising developments in the country’s capital market. “These agreements will enable us to take the next step toward the joint launch of cross-border ETFs,” he said, noting that groundwork for the collaboration had already been laid. Speaking at the International Capital Market Conference (ICMC 2025), held under the theme “Regional Integration and Innovation in Capital Markets,” Sabzwari said the initiative will link PSX…