Author: i2wtc

Silas Stein | Picture Alliance | Getty ImagesPinterest shares plummeted 20% on Wednesday after lackluster third-quarter earnings as advertising took a hit from larger retailers dealing with tariffs.The company posted a profit of 38 cents per share adj., while analysts polled by LSEG expected earnings of 42 cents per share. However, the platform’s revenue did meet analyst estimates of $1.05 billion.”Tariff-related weakness showed up for the first time in our digital ads universe and will reinforce PINS’ lack of customer diversity for the bears and higher macro sensitivity,” RBC wrote in an analyst note.Third-quarter sales in the U.S. and Canada…

Aurangzeb warns unchecked population growth, climate change pose ‘existential threats’ to Pakistan Finance Minister Muhammad Aurangzeb announced that Pakistan has reached a staff-level agreement with the International Monetary Fund (IMF) for its second loan review, with the board expected to approve the next tranche in early December. Speaking at The Future Summit 2025, themed “Course Correction: Redefining the Direction,” in Karachi, Aurangzeb said the government is steering the economy toward an investment-driven model led by the private sector, rather than one dependent on borrowing. He warned that Pakistan’s economic stability faces two of its greatest challenges, unchecked population growth and climate…

Lyft customers can once again earn miles toward their next flight.The ridesharing company on Wednesday said it’s partnering with United Airlines to offer MileagePlus points to riders who link their accounts, months after it ended an eight-year partnership with Delta Airlines.Once linked, riders can earn one mile for every dollar spent on Standard Priority Pickup and XL rides and two miles for every dollar booked on business profiles. Extra Comfort, Lyft Black, Black SUV and regular airport rides will earn three miles per dollar. Pre-scheduled rides to and from the airport will rake in four miles per dollar.The company said…

U.S. President Donald Trump speaks during a breakfast with Republican Senators at the White House in Washington, D.C., U.S. November 5, 2025. Kevin Lamarque | ReutersPresident Donald Trump conceded that the Democrats’ electoral sweep up and down the ballot across the country on Tuesday night spelled bad news for his Republican Party.”Last night, it was, you know, not expected to be a victory, it was very Democrat areas, but I don’t think it was good for Republicans,” Trump said during a breakfast meeting with GOP senators at the White House on Wednesday morning.”I’m not sure it was good for anybody,”…

The head of the air traffic controllers’ union said Wednesday that it could take the industry “weeks to recover” from the impacts of the government shutdown.Nick Daniels, president of the National Air Traffic Controllers Association, said on CNBC’s “Squawk Box” that the holiday season will be especially affected by the shortage of air traffic controllers, who missed their first full paycheck last week. The Department of Transportation has reported increased delays and ground stops as a result of the shutdown, now in its fifth consecutive week.”To somehow fathom we could go into the holiday season still in a government shutdown,…

On the streets of Rio de Janeiro, it’s not hard to spot the latest sign of China’s growing global auto ambitions. Electric vehicles from Chinese brands like BYD and Great Wall Motor have been flowing in. “There are a lot of Chinese cars on the streets,” said EV owner Sérgio Ramalho. Brazil has become the newest frontier for China’s electric vehicle boom. The country imported about 138,000 electric and hybrid vehicles from China in 2024, nearly 100,000 more than the year before, according to Brazilian customs data.Chinese automakers, who are blocked from the U.S. market, have turned their focus toward emerging…

Rick Smith, CEO of Axon Enterprises.Adam Jeffery | CNBCAxon Enterprise’s stock plummeted 17% after the TASER maker missed Wall Street’s third-quarter profit expectations as it grapples with tariff constraints.Adjusted earnings totaled $1.17 per share adj., falling short of a $1.52 per share forecast from LSEG. Adjusted gross margins fell 50 basis points from a year ago to 62.7%, which Axon attributed to tariff impacts.Axon’s connected devices business, which includes its TASER and counter drone equipment, felt the biggest pinch during the first full quarter with tariffs. The business segment accounted for over $405 million in revenues, increasing 24% year over…

A drone photo taken on Sept. 16, 2025 shows a view of the Qinzhou Port in Qinzhou City, south China’s Guangxi Zhuang Autonomous Region. (Xinhua/Zhang Ailin)NANNING, Nov. 5 (Xinhua) — A freight train carrying 80 containers of goods, including Australian kraft paper and Singaporean puff pastry shortening, departed from Qinzhou Port East Station in south China’s Guangxi Zhuang Autonomous Region on Wednesday, bound for Chongqing Municipality in southwest China.The shipment marks a significant milestone, with the cumulative freight volume of the New International Land-Sea Trade Corridor rail service reaching 1.214 million twenty-foot equivalent units (TEUs) so far this year, a…

Smog in Lahore. Photo File: REUTERS LAHORE: The district authorities in Lahore have decided to revise the business hours of all markets in compliance with a Lahore High Court (LHC) order and a Punjab Assembly resolution, seeking remedy for the rising problem of smog. Lahore Deputy Commissioner (DC) Syed Musa Raza on Tuesday evening directed all assistant commissioners to ensure implementation of a 2023 notification regarding business timings. As part of anti-smog measures, markets will close at 10 pm and restaurants and cafés at 11 pm from Monday to Saturday. On Sundays, markets will remain open from 2 pm to…

Brad Garlinghouse, CEO of Ripple, speaks at the 2022 Milken Institute Global Conference in Beverly Hills, California, U.S., May 4, 2022. Mike Blake | ReutersDigital assets and infrastructure company Ripple said Wednesday it has raised $500 million in funding, lifting its valuation to $40 billion.The fundraise comes after a slew of acquisitions and as the company expands its product base beyond just payments.Crypto and digital asset companies are trying to take advantage of what is seen by the industry as a more favorable environment in the U.S. after the election of President Donald Trump and the passing of a landmark stablecoin…