Author: i2wtc
Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, visits the Ye Jianying memorial park to learn about local efforts in promoting revolutionary culture in Meizhou City, south China’s Guangdong Province, Nov. 7, 2025. Xi on Friday inspected the city of Meizhou in south China’s Guangdong Province. (Xinhua/Xie Huanchi)GUANGZHOU, Nov. 7 (Xinhua) — Xi Jinping, general secretary of the Communist Party of China Central Committee, on Friday inspected the city of Meizhou, south China’s Guangdong Province.Xi visited the Ye Jianying memorial park and a pomelo growing base…
Petitioner urges the Supreme Court to protect its own jurisdiction and that of the High Courts A petition has been filed by senior lawyer Barrister Ali Tahir in the Supreme Court under Article 184(3) challenging the proposed 27th Amendment. The petition contests the amendment’s provisions relating to the powers of the Supreme Court and High Courts. It argues that judicial review powers under Articles 184(3) and 199 are a fundamental pillar of the Constitution and cannot be abolished, suspended, or replaced by a parallel system. The purpose of the petition is to preserve the jurisdiction of the higher courts, untouched…
Block shares fell nearly 8% Friday after weak third-quarter earnings fell short of Wall Street expectations and showed slowing profit growth for the company’s Square service.Here is how the company did compared with LSEG estimates:Earnings per share: 54 cents adjusted vs. 67 cents expectedRevenue: $6.11 billion vs. $6.31 billion expectedRevenue for the quarter was up 2% over last year. The Jack Dorsey-founded firm’s shares have fallen 24% year to date.Square’s gross payment volume was up 12% year over year, but gross profit growth for the point-of-sale service was only up 9% over a year ago, slowing from last quarter’s 11%.The company attributed…
US President Donald Trump makes an announcement in the Oval Office of the White House in Washington, DC on Nov. 6, 2025. Andrew Caballero-Reynolds | AFP | Getty ImagesPresident Donald Trump on Thursday struck landmark deals with Eli Lilly and Novo Nordisk that could mark a turning point in how many people can access their costly blockbuster obesity drugs. Under the agreements, Medicare will start covering GLP-1s for obesity for certain patients for the first time beginning in mid-2026 – a shift that will open access to millions of older adults and could spur more employers and other private insurers to…
KARACHI: The Pakistan Stock Exchange turned positive after three consecutive days of losses as the benchmark KSE-100 index rose nearly 500 points, driven by remittance data released by the State Bank of Pakistan. In October 2025, the remittances from expatriate Pakistani workers abroad showed inflows of $3.4 billion. In terms of growth, the remittances spiked 7.4% month-on-month and 11.9% year-on-year. At the commencement of trading in the morning, the stock market remained positive and after a couple of dips, it rose significantly by midday. Following the Friday break, the index advanced to the intra-day high of 160,436 points. Afterwards, investors…
Affirm CEO Max Levchin said Friday that while the buy now, pay later firm isn’t seeing credit stress among federally employed borrowers due to the government shutdown, there are signs of a change in shopping habits.”We are seeing a very subtle loss of interest in shopping just for that group, and a couple of basis points,” Levchin told CNBC’s “Squawk on the Street.”At least 670,000 federal employees have been furloughed in the shutdown, and about 730,000 are working without pay, the Bipartisan Policy Center said this week.Levchin said he’s closely watching employment data for signs of major disruptions, but the company…
People walk through the Cornell University campus on Nov. 3, 2023 in Ithaca, New York. Matt Burkhartt | Getty ImagesCornell University has agreed to pay $60 million and accept the Trump administration’s interpretation of civil rights laws in order to restore federal funding and end investigations into the Ivy League school.Cornell President Michael Kotlikoff announced the agreement on Friday, saying it upholds the university’s academic freedom while restoring more than $250 million in research funding that the government withheld amid investigations into alleged civil rights violations.The university agreed to pay $30 million directly to the U.S. government along with another $30 million toward research that will support U.S. farmers.Kotlikoff said the agreement revives the campus’ partnership with the federal government “while…
Party chairperson says CEC backs Article 243, Constitutional Court, and judges’ transfersPakistan Peoples Party Chairperson Bilawal Bhutto Zardari addresses a press conference in Karachi on November 7, 2025. Photo: Express Pakistan Peoples Party Chairperson Bilawal Bhutto Zardari said the party’s Central Executive Committee has decided to support the proposed 27th Amendment, with conditional approval for provisions related to establishing Constitutional Courts and reforms in the judicial transfer process. Speaking at a press conference following the CEC meeting in Karachi, Bilawal stated, “I made it clear yesterday as well that the PPP will support Article 243 and will also vote in…
Altimeter Capital founder and CEO Brad Gerstner said Friday the recent pullback in technology shares is a healthy correction after a monthslong surge. “The Nasdaq’s gone up 40% off the bottom in April. The market was kind of looking for a reason for a breather,” Gerstner said on CNBC’s ” Money Movers .” “This week, what you saw across the market is everybody looking for an excuse to sell the trade. I think it’s healthy. We’re taking some of the air out of the bubble. There’s a wall of worry that stands in front of us.” The broader market sold…
Darryl Strawberry former New York Mets speaks to the media before a ceremony to retire his jersey number before a game against the Arizona Diamondbacks at Citi Field on June 1, 2024 in New York City.Adam Hunger | Getty ImagesPresident Donald Trump pardoned Major League Baseball legend Darryl Strawberry, who had pleaded guilty to tax evasion three decades earlier, the White House said Friday.Strawberry, now 63, “served time and paid back taxes after pleading guilty to one count of tax evasion,” a White House official said in a statement to CNBC confirming the pardon.An eight-time MLB All-Star who helped take…