Author: i2wtc

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…

Chinese President Xi Jinping meets with U.S. President Donald Trump in Busan, South Korea, Oct. 30, 2025. (Xinhua/Huang Jingwen)BUSAN, South Korea, Oct. 30 (Xinhua) — Under global gaze and before flashing cameras, Chinese President Xi Jinping and his U.S. counterpart, Donald Trump, shook hands here Thursday for a highly anticipated meeting, the first since Trump was sworn in as U.S. president again earlier this year.Later, as their 100-minute meeting drew to an end in South Korea’s second-largest city, Xi and Trump walked side by side toward the venue’s exit. They clasped hands in farewell.The two presidents met amid mounting global…

Weapons, ammunition, explosives recovered from terrorists involved in multiple attacks Security forces kill 18 terrorists linked to the Indian proxy group Fitna al Hindustan in two separate operations in Balochistan on 28 and 29 October. An intelligence-based operation (IBO) in the Chiltan Mountains area of Quetta District targeted the reported presence of terrorists. “During the operation, our troops effectively engaged the terrorists’ location, and after an intense exchange of fire, 14 Indian-sponsored terrorists were neutralised and sent to hell,” the ISPR said. In a second operation in Buleda, Kech District, a terrorist hideout was raided and four terrorists were “successfully neutralised”.…

Corporate travel and expense management platform Navan fell by as much as 15% in its first trading day on the Nasdaq under the ticker symbol “NAVN” after its successful initial public offering.The Navan IPO, which priced on Wednesday night, valued the business-to-business software vendor at $6.2 billion, raising $923 million and with shares settling at the midpoint of its deal range, $25 per share. The valuation was roughly $3 billion less than where private investors last valued Navan in 2022 in a $300 million round.Launched by CEO Ariel Cohen and co-founder Ilan Twig in 2015, Navan set out to disrupt…

Eli Lilly on Thursday reported third-quarter earnings and revenue that topped estimates and hiked its full-year outlook, as the company continued to see strong demand for its blockbuster weight loss drug Zepbound and diabetes treatment Mounjaro.Shares of the company rose more than 3% on Thursday.The pharmaceutical giant now expects its fiscal 2025 revenue to come in between $63 billion and $63.5 billion, up from previous guidance of $60 to $62 billion. Eli Lilly also expects full-year adjusted profit to come in between $23 and $23.70 per share, rising from its previous outlook of $21.75 to $23 a share.Eli Lilly said…

Joe Lonsdale, the founder of venture firm 8VC, says that top executives in artificial intelligence are underselling the resources they need to meet their ambitious goals.These companies are ” afraid to scare their investors, and so they are telling them they need a lot less capital, a lot less energy than they know they actually do,” Lonsdale, who previously co-founded Palantir, told CNBC’s “Squawk Box” on Thursday.This dynamic will create a continuous cycle where executives look for more capital and energy every three to six months to power their initiatives, Lonsdale said. Tech giants have ramped up spending on AI in…

Rural women in suburbs of Hyderabad. Photo: Express ISLAMABAD: The World Bank on Wednesday softened its position on the poverty reduction claim for Pakistan and said that only certain segments of the poor saw an improvement while other classes, particularly the rural poor, did not see any improvement in their living standards. In a detailed note in response to contradictions pointed out in the two published reports by the media, the World Bank said that its simulation models of poverty numbers were only “useful (for) directional insights but do not carry the statistical precision”. While explaining the position, the local…

A Chipotle logo is displayed on a sign at a shop on June 1, 2025 in Washington, DC.Kevin Carter | Getty ImagesShares of Chipotle Mexican Grill tumbled as much as 19% in morning trading on Thursday after the company cut its full-year same-store sales forecast for the third straight quarter.Including Thursday’s move, the stock has fallen 45% this year, dragging its market value down to roughly $43 billion. At least five Wall Street analysts have cut their price targets for the stock after the report, anticipating investors’ displeasure with the burrito chain’s shrinking traffic and gloomy outlook.”It’s difficult to call…

Key PointsDynamix Corporation III has raised an upsized $175 million in an initial public offering, people familiar with the matter told CNBC.The SPAC may also opt to issue additional shares, raising a total of $201.25 million that will be used to acquire a company in the AI, energy or digital asset class sector.Dynamix III’s launch comes as the SPAC market cautiously emerges from a sharp downturn in new deals.A Nasdaq-listed special purpose acquisition company focused on energy, digital assets and AI has raised an upsized $175 million in an initial public offering. Dynamix Corporation III may also opt to issue…