Author: i2wtc

Pavlo Gonchar | SOPA Images | Lightrocket | Getty ImagesFiserv’s stock plummeted 44% Wednesday and headed for its worst day ever after the fintech company cut its earnings outlook and shook up some of its leadership team.”Our current performance is not where we want it to be nor where our stakeholders expect it to be,” wrote CEO Mike Lyons in a release.For the full year, Fiserv now expects adjusted earnings of $8.50 to $8.60 a share for the year, down from a previous forecast of $10.15 and $10.30. Revenues are expected to grow 3.5% to 4%, versus a prior estimate…

U.S. President Donald Trump meets with South Korean President Lee Jae Myung on the sidelines of the Asia-Pacific Economic Cooperation (APEC) leaders’ summit in Gyeongju, South Korea, October 29, 2025. Evelyn Hockstein | ReutersDonald Trump and South Korean President Lee Jae Myung finalized details of their fraught trade deal at a summit in South Korea on Wednesday, and the U.S. president also sounded an optimistic note about a looming summit with China’s Xi Jinping.”We made our deal, pretty much finalized it,” Trump said at a dinner with Lee and other regional leaders on the sidelines of an Asia Pacific forum.The…

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,…