Author: i2wtc

Signage for a CVS pharmacy in Takoma Park, Maryland, US, on Wednesday, July 9, 2025. Al Drago | Bloomberg | Getty ImagesCVS Health on Wednesday reported third-quarter earnings and revenue that blew past estimates and raised its adjusted profit outlook, as the company sees improvement in its insurance unit.Still, shares of CVS fell more than 3% in premarket trading Wednesday as the company posted a net loss during the quarter, which reflects a $5.7 billion goodwill impairment charge related to the health care services segment’s health care delivery reporting unit.The quarterly results cap David Joyner’s first full year as CEO…

Cfoto | Future Publishing | Getty ImagesCharacter.AI on Wednesday announced that it will soon shut off the ability for minors to have free-ranging chats, including romantic and therapeutic conversations, with the startup’s artificial intelligence chatbots.The Silicon Valley startup, which allows users to create and interact with character-based chatbots, announced the move as part of an effort to make its app safer and more age-appropriate for those under 18.Last year, 14-year-old Sewell Setzer III, committed suicide after forming sexual relationships with chatbots on Character.AI’s app. Many AI developers, including OpenAI and Facebook-parent Meta, have come under scrutiny after users have committed suicide…

ADB programme spans nine countries, tackling glacier loss threatening water, agriculture, energy The Asian Development Bank (ADB) has approved $250 million for a flagship initiative titled “Glaciers to Farms” under the Green Climate Fund (GCF). The ADB-led programme aims to develop sustainable water and agricultural systems across Central Asia and Pakistan, regions heavily dependent on glacial resources, to support vulnerable communities affected by climate change. According to an ADB statement, most of the GCF support will be provided as grants. Over the next decade, ADB plans to invest $3.25 billion in regional projects under the programme, focusing on efficient irrigation,…

A Boeing 777x is displayed during the International Paris Air Show at the Paris-Le Bourget Airport on June 20, 2023.Geoffroy Van Der Hasselt | AFP | Getty ImagesBoeing said Wednesday its jetliner deliveries drove it back into cash-positive territory for the first time in nearly two years but it took a $4.9 billion charge on additional delays of its long-awaited 777X wide-body plane.Boeing is on track to deliver the most aircraft this year since 2018, before two crashes grounded its best-selling jetliner, the Covid pandemic hit supply chains and a host of manufacturing crises drove years of losses at the…

Dai Shuying (L) operates a plant protection drone under the guidance of her grandson Wang Tiantian in Laomei Village of Xindu Town, Tongcheng City, east China’s Anhui Province, Oct. 23, 2025. The 82-year-old Dai Shuying lives with her eldest son and grandson in Laomei Village. Although she doesn’t do much farm work now, she occasionally uses a drone to help to spray pesticides and fertilizers for the corps under the guidance of her grandson Wang Tiantian.Accompanied by Wang, she also promotes and sells agricultural products such as rice and oil through live streaming, and enjoys shooting videos with him. Watching…

Says it will offer most affected workers 90 days to look for new role internally, further cuts plannedA visitor stands near a logo of Amazon during the annual Retail Leadership Summit in Mumbai, India, February 27, 2025. PHOTO: REUTERS SAN FRANCISCO: Amazon said on Tuesday it will reduce its global corporate workforce by about 14,000 people, with more cuts expected next year, in a major shakeup driven in part by the adoption of artificial intelligence at the tech giant. The online retailer began laying off employees across multiple divisions as part of a plan, reported on Monday by Reuters, to…

Nvidia CEO Jensen Huang gestures as U.S. President Donald Trump (not pictured) delivers remarks during the “Winning the AI Race” Summit in Washington D.C., U.S., July 23, 2025. Kent Nishimura | ReutersShares of Nvidia rose more than 3% in premarket on Wednesday, putting the tech giant on track to become the first company to cross the $5 trillion market value threshold.The extraordinary milestone would reflect a remarkable rise for the company, which has evolved from a niche video game processor to an integral player in the artificial intelligence boom.Shares of Nvidia were last seen up 3.1% in premarket. The stock…

An open-air strip retail center in Richmond, Virginia.Courtesy of NuveenA version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.It would be an understatement to say that retail real estate has had a rough ride. It started with the birth of e-commerce and escalated with the Covid-19 pandemic. Its recovery has been splintered, given the varying subsectors of retail,…

Amazon’s largest AI data center has seven completed buildings, with 30 total buildings planned on 1,200 acres in New Carlisle, Indiana, shown here on October 8, 2025.Erin BlackNEW CARLISLE, Indiana — A year ago, it was farmland. Now, the 1,200-acre site near Lake Michigan is home to one of the largest operational AI data centers in the world. It’s called Project Rainier, and it’s the spot where Amazon is training frontier artificial intelligence models entirely on its own chips.Amazon and its competitors have pledged more than $1 trillion towards AI data center projects that are so ambitious, skeptics wonder if…

This photo taken on Sept. 24, 2025 shows posters of the Asia-Pacific Economic Cooperation (APEC) summit in Gyeongju, South Korea, Sept. 24, 2025. (Photo by Jun Hyosang/Xinhua)People from all walks of life in South Korea are looking forward to the upcoming visit of Chinese President Xi Jinping from Oct. 30 to Nov. 1.SEOUL, Oct. 29 (Xinhua) — Chinese President Xi Jinping will attend the 32nd Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Meeting in Gyeongju and pay a state visit to South Korea from Oct. 30 to Nov. 1 at the invitation of South Korean President Lee Jae-myung.People from all walks…