Author: i2wtc
Security forces killed four terrorists in an intelligence-based operation in the Kalat district of Balochistan. According to the Inter-Services Public Relations (ISPR), the operation, conducted on the night of November 1, targeted members of Fitna al Hindustan, a group described as an Indian proxy. Troops reportedly engaged the terrorists’ hideout, resulting in four deaths. Weapons and ammunition were also recovered from the site. The ISPR said the terrorists had been involved in “numerous terrorist activities” and that follow-up sanitisation operations are underway in the area. Kalat sits in central Balochistan along the mountainous belt south of Quetta, intersecting key regional…
Arvind Krishna, CEO of IBM, arrives for the Inaugural AI Insight Forum in Russell Building on Capitol Hill, on Wednesday, September 13, 2023.Tom Williams | Cq-roll Call, Inc. | Getty ImagesIBM said Tuesday that it will lay off a small percentage of its employees in the current quarter.”In the fourth quarter we are executing an action that will impact a low single-digit percentage of our global workforce,” a spokesperson told CNBC. “While this may impact some U.S.-based roles, we anticipate that our U.S. employment will remain flat year over year.”IBM employed 270,000 people at the end of 2024, according to…
Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom in San Francisco on May 24, 2024.Justin Sullivan | Getty ImagesDETROIT — Challenges are mounting for all-electric vehicle manufacturers Rivian Automotive and Lucid Group as the companies try to sell investors on a brighter, more profitable future to come.But things could get worse before they get better as both automakers are set to report third-quarter results this week, starting with Rivian after the bell Tuesday, followed by Lucid on Wednesday.Both “pure EV” companies are expected to report notable growths in revenue and narrowed adjusted earnings losses…
Electrical equipment supplier Eaton — whose products are essential to AI data centers — reported a mixed third quarter on Tuesday morning, which was pressuring shares. Adjusted earnings per share for the quarter ended in September rose 8% from the year-ago period to $3.07, a 2-cent beat of the LSEG compiled analyst consensus estimate. Revenue rose 10% to $6.99 billion, but missed the LSEG compiled analyst consensus estimate of $7.08 billion. Organic sales , which exclude a 3% benefit from acquisitions, grew 7%, short of the FactSet estimate for an 8.6% increase. ETN YTD mountain Eaton YTD Shares were down…
The Punjab government has decided to slap an electricity duty on heavy consumers using more than 500 KVA, adding to their power woes. According to Express News, the Punjab Finance (Amendment) Bill 2025 was passed by the provincial assembly without being referred to a committee. Under the new legislation, industrial and commercial consumers using more than 500 KVA of electricity will be subject to the duty. The bill sets the electricity duty at four paisas per unit. Industrial and commercial users drawing up to 500 KVA capacity will be exempt, while organisations operating generators of more than 500 KVA will…
A volunteer displays information on the Supplemental Nutritional Assistance Program (SNAP) at a grocery store in Dorchester, Massachusetts, US, on Monday, Nov. 3, 2025. Mel Musto | Bloomberg | Getty ImagesPresident Donald Trump on Tuesday suggested that the United States would not pay any SNAP benefits during the government shutdown, contradicting a court filing a day earlier by his administration.Trump said that the benefits, which help feed 42 million Americans, will resume only after Democrats in Congress agree to pass a stopgap funding bill that would reopen the government.The administration on Monday told a federal judge in Rhode Island federal…
Pakistan has signalled its readiness to import Canadian canola, as Ottawa seeks to diversify markets for the commodity following trade tensions with China. Deputy Prime Minister and Foreign Minister Ishaq Dar held a phone call with his Canadian counterpart Anita Anand, reaffirming the strength of Pakistan–Canada ties and underscoring the need to deepen cooperation in areas of mutual interest. Read: China and Canada retaliate as Trump’s new tariffs escalate trade tensions “Pakistan and Canada agreed to facilitate the export of Canadian canola to Pakistan, recognising the significant potential of Pakistan’s expanding market for this Canadian commodity,” the statement added. The…
Representation of Bitcoin cryptocurrency in this illustration taken Sept. 10, 2025. Dado Ruvic | ReutersBitcoin fell victim to investors’ risk-off mood Tuesday as cryptocurrency holders backed off, growing increasingly concerned about the sustainability of stock valuations driven to stratospheric heights by the artificial intelligence trade.Bitcoin was last trading at $103,356, down 3% on the day and roughly 6% in the past two days. Ether, the second-largest cryptocurrency by market capitalization, shed 2.3% on Tuesday and has now lost nearly 10% over two days to trade at $3,509.10.The leading cryptocurrencies attract many of the same investors as artificial intelligence stocks, linking…
A flag hangs on campus at Harvard University in Cambridge, Massachusetts, U.S., September 4, 2025. Shannon Stapleton | ReutersTwo Massachusetts men have been arrested in connection with a weekend explosion at Harvard Medical School, authorities said Tuesday.The FBI’s Boston office announced the arrests on social media ahead of a 1 p.m. news conference. It didn’t provide further details.The explosion occurred early Saturday on the fourth floor of Harvard Medical School’s Goldenson Building. No one was injured. The building houses labs and offices associated with the school’s neurobiology department.Medical school officials said the explosion caused no structural damage and that all…
A version of this article appeared in CNBC’s Inside Alts newsletter, a guide to the fast-growing world of alternative investments, from private equity and private credit to hedge funds and venture capital. Sign up to receive future editions, straight to your inbox.Wealthy individuals have been pouring into alternative assets in recent years, thanks in part to the explosion of evergreen funds, a certain type of fund specifically structured to allow for more liquidity. The catch is, the capital that goes into these funds often has to be spent right away, and that may be creating distortions in the markets. Think of this deployment structure as a gift…