Author: i2wtc
A statue of Walt Disney and Mickey Mouse stands in a garden in front of Cinderella’s Castle at the Magic Kingdom Park at Walt Disney World on May 31, 2024, in Orlando, Florida.Gary Hershorn | Corbis News | Getty ImagesDisney will report quarterly earnings on Thursday, and Wall Street will once again be focused on updates from the company’s media business — particularly when it comes to traditional TV and streaming.Here is what Wall Street is expecting Disney to report for its fiscal fourth quarter, according to LSEG:Earnings per share: $1.05 expectedRevenue: $22.75 billion expectedThis will mark the last time the company…
Talks with the government would only take place on one condition: ‘Return our mandate’ ISLAMABAD: The opposition alliance on Wednesday warned the government that it would “make their life miserable” and write to all foreign ambassadors urging them to suspend any agreements with the incumbent setup. Speaking to the media alongside opposition members, Mehmood Khan Achakzai, head of the opposition alliance Tehreek Tahafuz Ayeen-e-Pakistan (TTAP), announced that the movement would begin on Friday. “We will protest, and we will not throw even a single stone,” he said, stressing that their struggle would remain peaceful. Achakzai said the alliance would reach…
Police officers walk past the Supreme Court of Pakistan building, in Islamabad, Pakistan April 6, 2022. REUTERS ISLAMABAD: Though the federal government has made the Supreme Court subordinate to the newly established Federal Constitutional Court (FCC), Justice Yahya Afridi has been rewarded with the title of chief justice of Pakistan through a person-specific constitutional amendment. Law Minister Azam Nazeer Tarar introduced the new amendment for the clarification that the incumbent chief justice of the Supreme Court would be known as chief justice of Pakistan during his term in office. The sunset amendment was not part of the earlier bill of…
Pakistan to participate in Neutral Expert proceedings on treaty interpretation: FO ISLAMABAD: Pakistan on Wednesday said that it continued to fully participate in good faith in the Neutral Expert proceedings, with its next phase scheduled to take place on November 17-21 in Vienna. “The Neutral Expert proceedings were initiated on India’s request, with their next phase scheduled to take place in Vienna from 17-21 November 2025. While India has decided to halt its participation, Pakistan continues to fully participate in the Neutral Expert proceedings in good faith,” Foreign Office spokesperson Tahir Andrabi said in a statement. The Hague’s Permanent Court…
Cisco Systems shares spiked higher Wednesday evening after the networking company delivered a quarterly beat and outlook raise. Another quarter of double-digit order growth proves Cisco is an underrated winner from the AI infrastructure buildout. Revenue in the company’s fiscal 2026 first quarter, which ended Oct. 25, increased 8% year over year to $14.88 billion, exceeding the LSEG-complied analyst consensus estimate of $14.76 billion. Non-GAAP earnings increased 10% on an annual basis to $1 per share, beating expectations of 98 cents, LSEG data showed. GAAP stands for generally accepted accounting principles. CSCO YTD mountain Cisco Systems YTD Look at the…
Traders work on the floor of the New York Stock Exchange (NYSE) on Nov. 12, 2025 in New York City. Spencer Platt | Getty Images The divergence between the performance of the Dow Jones Industrial Average and Nasdaq Composite on Wednesday stateside reinforces the suggestion that there are two markets operating in the U.S.: one of an artificial intelligence and another of “everything else.”Not only did the Dow rise, it also secured its second consecutive record high and closed above the 48,000 level for the first time.The index, which comprises 30 blue-chip companies, is typically seen as a marker of…
Opposition rips up copies of 27th Bill; 234 MNAs vote in favour, four against; PM hails passage as historic milestonePrime Minister Shehbaz Sharif and PML-N Quaid Nawaz Sharif interact with MPs during the National Assembly session. PHOTO: NNI ISLAMABAD: The ruling coalition led by the PML-N on Wednesday succeeded in getting the 27th Constitutional Amendment Bill passed through the National Assembly amid noisy protest by the opposition. The bill sought crucial changes to a number of articles mostly dealing with the judiciary and the military leadership It was passed by a two-way voting process – voting by division and clause-by-clause…
Chuck Robbins, Cisco CEO, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22, 2025.Gerry Miller | CNBCCisco reported better-than-expected profit and revenue for its fiscal first quarter on Wednesday. The stock rose more than 7% in extended trading.Here’s how the company did in comparison with consensus estimates from LSEG:Earnings per share: $1 adjusted vs. 98 cents expectedRevenue: $14.88 billion vs. $14.77 billion expectedRevenue increased 8% from $13.84 billion in the same period a year earlier, Cisco said in a statement. Net income climbed to $2.86 billion, or 72 cents per share, from $2.71…
The House of Representatives headed toward a vote on Wednesday night to end the longest U.S. government shutdown in history.The House cleared a procedural hurdle required before the vote could begin on a short-term funding bill that would reopen the government until at least the end of January.President Donald Trump has said he would sign the bill.The final vote to secure passage of the bill is expected to occur between 7 and 7:30 p.m. ET. The procedural motion passed 213-to-209.At just around 6:30 p.m., an hour-long comment period on the continuing resolution to fund the federal government began.Republican and Democratic…
A weaker dollar and hefty AI-related stock prices have led investors to look for deals elsewhere — and the U.K. is a good place to start, according to Sean Peche, portfolio manager at Ranmore. “You’ve got to be selective about what you buy but there’s lots of other opportunities out there in the world,” Peche told CNBC’s Squawk Box Europe — “you just got to know where to find them,” he added. U.S. equities have soared this year as the bull run on AI-related stocks continues. The Magnificent 7 index, which includes Alphabet , Amazon , Apple , Meta ,…