Author: i2wtc
Every weekday, the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. 1. The S & P 500 and Nasdaq Composite pushed higher Friday, buoyed by strength in Big Tech names like Club holding Amazon . The e-commerce giant reported a blockbuster earnings report Thursday evening, highlighted by growth in its cloud computing unit. Shares are up more than 10%. Friday also marks the last trading session of October. Next week, Club names Eaton, DuPont, and T exas Roadhouse will all release quarterly results. 2. Don’t own…
US President Donald Trump (R) speaks during a meeting with Australia’s Prime Minister Anthony Albanese in the Cabinet Room at the White House in Washington, DC, on Oct. 20, 2025. Saul Loeb | AFP | Getty ImagesA federal judge in Rhode Island on Friday blocked the Trump administration from ceasing to pay SNAP benefits that help feed 42 million Americans during the U.S. government shutdown.The oral ruling by Judge Jack McConnell came a day before the administration was set to cut off that food stamp assistance.A Justice Department lawyer argued during a hearing that the Supplemental Nutrition Assistance Program did…
As the tech industry’s giants race to build out AI infrastructure — Microsoft spent $34.9 billion in just one quarter while Meta plans to spend up to $72 billion this year — they may not be the only ones footing the multi-hundred-billion-dollar bill.The consumer is increasingly facing AI-soaked subscription tiers as tech firms attempt to monetize their huge investments and bundle their software offerings with difficult-to-separate-out AI tools that can make it tough for customers to opt out — and more expensive if they don’t.One example is Microsoft 365, which now includes Copilot AI features in many of its tiers. The…
Chinese President Xi Jinping meets with Japanese Prime Minister Sanae Takaichi on the sidelines of the 32nd Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Meeting in Gyeongju, South Korea, Oct. 31, 2025. (Xinhua/Ding Lin)GYEONGJU, South Korea, Oct. 31 (Xinhua) — Chinese President Xi Jinping said Friday that China is ready to work with Japan to build constructive and stable bilateral relations that meet the requirements of the new era.While meeting with Japanese Prime Minister Sanae Takaichi at her request on the sidelines of the 32nd APEC Economic Leaders’ Meeting in the South Korean city of Gyeongju, Xi pointed out that as…
It was not surprising that Amazon shares surged on Friday morning after the company’s “show me” quarter proved to be a “show of major force” from CEO Andy Jassy, according to CNBC’s Jim Cramer. Amazon reported third-quarter results Thursday evening that reignited investor enthusiasm in its cloud business, Amazon Web Services, the biggest in the world. The stock hit an all-time high of over $250 per share during Friday’s session. It must finish the day just above $242 to also make it a record-high close. Revenue from AWS – the company’s profit engine – surged 20% year over year to…
textile sector accounted for nearly 60% of the country’s total goods exports; value-added segment drives recovery KARACHI: Pakistan’s textile exports surged to a three-year high of $1.6 billion in September 2025, marking a strong rebound driven by robust demand for value-added categories and renewed global orders, according to provisional data released by the State Bank of Pakistan (SBP). Brokerage house Topline Securities reported that knitted apparel exports alone touched an all-time high of $485 million, underscoring the strength of Pakistan’s value-added segment. The textile sector accounted for nearly 60% of the country’s total goods exports during the month, which reaffirmed…
Nvidia CEO Jensen Huang listens to a reporter’s question during a press conference at the APEC CEO summit on October 31, 2025 in Gyeongju, South Korea. Ezra Acayan | Getty Images News | Getty ImagesNvidia CEO Jensen Huang doesn’t buy the national security concerns over his firm selling its most advanced semiconductors to China, claiming collaboration is in everyone’s best interest.Speaking to reporters in South Korea, Huang said he will keep campaigning for access to the Chinese market and is “optimistic” the country will continue to want U.S. chips as it positions itself as an AI leader.”The way to think…
Chinese President Xi Jinping meets with Thai Prime Minister Anutin Charnvirakul on the sidelines of the 32nd Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Meeting in Gyeongju, South Korea, Oct. 31, 2025. (Xinhua/Yao Dawei)GYEONGJU, South Korea, Oct. 31 (Xinhua) — Chinese President Xi Jinping said Friday that China is ready to strengthen the synergy of development strategies with Thailand and share its development experience in the new era.While meeting with Thai Prime Minister Anutin Charnvirakul on the sidelines of the 32nd APEC Economic Leaders’ Meeting, Xi expressed deep condolences over the passing of Thailand’s Queen Mother Sirikit and conveyed sincere sympathies…
ISLAMABAD: Islamabad High Court (IHC) Justice Khadim Hussian Soomro has remarked that only the Supreme Judicial Council (SJC) is authorized to take action against a judge of the superior court and a bench cannot pass an order against a sitting brother judge. “There is only one body authorized to take action against a sitting judge or chief justice — the SJC. How can a contempt petition be filed against a sitting judge?” Justice Soomro asked while hearing a contempt plea filed against IHC judge Saman Raffat Imtiaz on Thursday. Petitioner Kulsoom Khaliq, appearing in person, told the court that her…
Reddit CEO Steve Huffman stands on the floor of the New York Stock Exchange (NYSE) after ringing a bell on the floor setting the share price at $47 in its initial public offering (IPO) on March 21, 2024 in New York City.Spencer Platt | Getty ImagesReddit’s stock popped more than 14% Friday after the company surpassed third-quarter estimates and signaled strong advertising growth.The social media platform’s revenues surged 68% from a year ago to $585 million, beating an LSEG estimate of $546 million. Earnings per share totaled 80 cents, surpassing an estimate of 51 cents.Reddit also released a better-than-expected sales…