Author: i2wtc

San Francisco Mayor Daniel Lurie speaks during a press conference at San Francisco City Hall on Oct. 23, 2025 in San Francisco, California.Justin Sullivan | Getty ImagesSan Francisco Mayor Daniel Lurie, who was recently thrust into a national debate about the safety of big cities, told CNBC on Thursday that he feels “pressure every day” to continue improving conditions for residents. Last week, President Donald Trump reversed plans for a “federal surge” in San Francisco. The potential National Guard deployment hit the headlines when Salesforce CEO Marc Benioff told the New York Times that he’d support Trump’s call for federal troops to be…

Five-member CB headed by Justice Aminuddin Khan heard the appeal against her detention The Supreme Court’s constitutional bench referred Baloch Yakjehti Committee leader Dr Mahrang Baloch’s detention case to a regular bench, while disposing of a suo motu case regarding the dilapidated condition of schools in Khyber-Pakhtunkhwa. A five-member constitutional bench headed by Justice Aminuddin Khan heard the appeal against Baloch’s detention on Thursday. During the hearing, the petitioner’s counsel argued that the matter did not fall under the jurisdiction of the constitutional bench. “This case should be heard by a regular bench, as we have not sought interpretation of the Constitution,”…

Roblox shares sank 15% on Thursday as the company said it expects increased capital expenditures that could pressure margins.The gaming company said it expects capital expenditures of $468 million, an increase of $158 million from prior guidance.”Our operating margin could decline slightly year-over-year due to the combination of higher DevEx rates and the impact of infrastructure and safety related investments catching up with rapid bookings growth in the back half of 2025,” the company said in a letter to shareholders.The company’s Developer Exchange Program (DevEx) lets creators exchange Robux for real money.The gaming company’s margin and spending comments overshadowed an…

An aerial view of homes in a neighborhood on Aug.27, 2025 in San Francisco, California.Justin Sullivan | Getty ImagesWhile the Federal Reserve cut its benchmark interest rate this week, mortgage rates responded by doing just the opposite.The average rate on the 30-year fixed mortgage has jumped 20 basis points since Chairman Jerome Powell announced the cut on Wednesday and held a news conference, according to Mortgage News Daily.This happened the last time the Fed lowered its rate as well, and the reason is pretty simple: the bond market had already priced in a cut, but it didn’t like the commentary…

Both sides commit to maintaining ceasefire on condition that Afghan soil will not be used for attacks against PakistanDefence Minister Khawaja Muhammad Asif and Afghan Defence Minister Mullah Mohammad Yaqoob Mujahid shake hands following the signing of a ceasefire agreement mediated by Qatar and Turkey in Doha on October 19. Photo: Reuters Pakistan and the Afghan Taliban have reached an interim understanding following six days of high-level talks in Istanbul, aimed at preventing the use of Afghan soil for terrorist activities against Pakistan and taking decisive action against India-backed militant groups, Tehreek-e-Taliban Pakistan (TTP) and Balochistan Liberation Army (BLA), referred…

FILE PHOTO: Formula One F1 – United States Grand Prix – Circuit of the Americas, Austin, Texas, U.S. – October 23, 2022 Tim Cook waves the chequered flag to the race winner Red Bull’s Max Verstappen.Mike Segar | ReutersApple reports fiscal fourth quarter earnings on Thursday after the bell.The fourth quarter, which runs through the end of September, is the first quarter that includes a little more than a week of sales of the new iPhone 17 models.Analysts have said that early signs are pointing to improved demand for the iPhone 17 models, especially the entry-level and Pro models. Investors…

A Delta Airlines plane takes off near the air traffic control tower at Ronald Reagan Washington National Airport (DCA) in Arlington, Virginia, US, on Tuesday, Oct. 28, 2025.Samuel Corum | Bloomberg | Getty ImagesDelta Air Lines called on Congress Thursday to “immediately pass a clean continuing resolution” to reopen the U.S. government and pay air traffic controllers.U.S. air traffic controllers missed their first full paychecks on Tuesday as the government shutdown drags on through a fourth week with no end in sight while Republican and Democratic senators remain at an impasse.”Missed paychecks only increases the stress on these essential workers,…

Amazon is slated to post results for the third quarter after the closing bell Thursday.Here’s what analysts polled by LSEG are looking for:Earnings per share: $1.57Revenue: $177.8 billionWall Street is also looking at other key revenue numbers:Amazon Web Services: $32.42 billion expectedAdvertising: $17.34 billion expectedAWS growth will be a major focus for investors once again, as the company faces intensifying pressure from cloud competitors Google and Microsoft, which also reported quarterly results this week.Revenue at AWS is projected to expand 18.1% year over year, which is about the same growth rate as the second quarter. Google’s cloud revenue accelerated 34%…

U.S. President Donald Trump prepares to greet Chinese President Xi Jinping ahead of a bilateral meeting at Gimhae Air Base on October 30, 2025 in Busan, South Korea. Andrew Harnik | Getty ImagesAmerican shippers were already unhappy about their business outlook after President Donald Trump imposed steep new tariffs on China in April.And they were not feeling much happier on Thursday, even after Trump announced a new trade truce with Chinese President Xi Jinping.The consensus among U.S. shippers and logistics managers is that the deal is largely rhetoric and that it does not change the substance of the disagreements on…

Jim Cramer has decided to upgrade Meta Platforms — choosing to view Thursday’s post-earnings stock plunge as a buying opportunity. Meta shares were dropping 12% after the social media giant on Wednesday evening warned of spending increases this year and next to stay ahead in the artificial intelligence race. The Club is bumping Meta stock up to our buy-equivalent 1 rating — a move under consideration after the earnings release, when we opted to reiterate our $825-per-share price target. During Thursday’s Morning Meeting , Jim said members should feel free to buy the Meta dip. But he urged would-be buyers…