Author: i2wtc

Apple stock is getting its groove back as naysayers are proved wrong about the iPhone upgrade cycle. That means opportunity. Shares surged to an all-time intraday high Monday following a slew of positive commentary from Wall Street analysts and upbeat demand data for the newest iPhones. Apple was on pace to take out its Dec. 26, 2024 record-high close of $259. “People thought the tariffs were going to drive” iPhone prices higher, Jim Cramer during Monday’s Morning Meeting . “People [also] thought there was going to be not enough buying because of Siri. All nonsense.” “The misperception and misconception are…

OCAC says oil shipments stuck due to Sindh’s new 1.8% levy recently imposed on imported goodsOil tankers parked at a terminal at a port in Karachi. PHOTO: AFP Pakistan could face a countrywide fuel shortage after the enforcement of a new Sindh government tax delayed the clearance of oil shipments at Karachi Port. According to the Oil Companies Advisory Council (OCAC), several petroleum cargoes are stuck at the port due to the Sindh Infrastructure Development Cess, a 1.8% levy recently imposed on imported goods. The OCAC has written to Sindh Chief Minister Murad Ali Shah, warning that if the issue…

U.S. President Donald Trump meets Australia’s Prime Minister Anthony Albanese in the Cabinet Room at the White House, in Washington, D.C., U.S., October 20, 2025.Kevin Lamarque | ReutersPresident Donald Trump and Australian Prime Minister Anthony Albanese on Monday signed an agreement on critical minerals that includes plans for projects worth a total of up to $8.5 billion.”There will be $1 billion contributed from Australia and the United States over the next six months with projects that are immediately available,” Albanese told reporters at the White House during a meeting with Trump.Albanese said there will be three groups of joint projects…

Transportation Secretary Sean Duffy said Monday that Elon Musk’s SpaceX is falling “behind” the U.S. timeline to return to the moon with Artemis and he will open the contract to other companies.”We’re not going to wait for one company,” Duffy, who is currently the acting NASA administrator, told CNBC’s “Squawk Box” on Monday. “We’re going to push this forward and win the second space race against the Chinese. Get back to the moon, set up a camp, a base.”SpaceX did not immediately return a request for comment.SpaceX is among the various contractors participating in NASA’s Artemis mission, which aims to…

Dario Amodei, Anthropic CEO, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 21st, 2025. Gerry Miller | CNBCAnthropic on Monday announced Claude for Life Sciences, a new offering for researchers to use the company’s artificial intelligence technology in the advancement of scientific discovery. Claude for Life Sciences is built around Anthropic’s existing AI models, but supports new connections with other scientific tools that are commonly used in labs during research and development.It will be able to help researchers through all stages of the discovery process, from carrying out literature reviews to developing hypotheses, analyzing data,…

Khawaja Asif says both nations committed to addressing militancy for lasting regional peace Pakistan and Afghanistan have reaffirmed their commitment to work together in curbing terrorism along their shared border, signaling a renewed effort to stabilise a region long plagued by militancy and distrust. Defence Minister Khawaja Asif, in an interview with Al-Jazeera Arabic, said that both countries have recognised terrorism as the principal obstacle to peace and progress. He explained that recent discussions between the two sides have focused on creating a sustainable framework for security cooperation, aimed at eliminating the groups responsible for cross-border violence. Read: Saudi Arabia…

Amazon can’t catch a break. “Amazon has been terrible,” the worst of the Magnificent Seven stocks this year, CNBC’s Jim Cramer said on ” Squawk on the Street .” While modestly higher Monday, Amazon was back down around its post-earnings lows of early August, which were driven by concerns about Amazon Web Services cloud growth. Shares have declined more than 2% year to year. Cramer’s comments came on the back of Monday’s major AWS outage, which disrupted access to several major websites. The issue has been largely resolved, with most affected sites now back online. While the outage grabbed the…

Sindh governor, CM wish Hindu community a joyful Diwali, celebrating light, love, tradition President Asif Ali Zardari, Prime Minister Shehbaz Sharif, and Pakistan Peoples Party Chairperson Bilawal Bhutto Zardari on Monday extended warm greetings to the Hindu community in Pakistan and across the world on the occasion of Diwali — the festival of lights symbolising the triumph of good over evil and light over darkness. In his message, President Zardari said the festival reminded everyone of the “universal values of peace, compassion and harmony that are shared across faiths”. He added that these values reflected the “principles of mutual respect and coexistence…

A next generation iPhone 17 is held during an Apple special event at Apple headquarters on Sept. 9, 2025 in Cupertino, California.Justin Sullivan | Getty ImagesApple shares rose nearly 3% on Monday as a new report showed iPhone 17 sales off to a strong start in the U.S. and China.The iPhone 17 series, which dropped in September, has outsold the iPhone 16 series by 14% in the U.S. and China within its first 10 days of availability, according to data from Counterpoint research.”The base model iPhone 17 is very compelling to consumers, offering great value for money,” Counterpoint senior analyst…

* China’s economy demonstrated stable growth, with GDP expanding 5.2 percent year on year in the first three quarters of 2025, as positive factors accumulated despite global headwinds.* During the 14th Five-Year Plan (2021-2025) period, China’s GDP rose from 103.5 trillion yuan in 2020 to 134.9 trillion yuan in 2024, with an average annual growth rate of 5.5 percent, significantly higher than the global average of 3.9 percent over the same period.* Throughout the 2021-2025 period, China contributed approximately 30 percent annually to global economic growth, making it a key driver of world economic development and fully demonstrating the resilience…