Author: i2wtc

Oracle co-founder, CTO and Executive Chairman Larry Ellison (C), U.S. President Donald Trump, OpenAI CEO Sam Altman (R), and SoftBank CEO Masayoshi Son (2nd-R), share a laugh as Ellison uses a stool to stand on as he speaks during a news conference in the Roosevelt Room of the White House on January 21, 2025 in Washington, DC. Trump announced an investment in artificial intelligence (AI) infrastructure and took questions on a range of topics including his presidential pardons of Jan. 6 defendants, the war in Ukraine, cryptocurrencies and other topics.Andrew Harnik | Getty ImagesLarry Ellison became more than $110 billion…

US President Donald Trump speaks during a Religious Liberty Commission meeting at the Museum of the Bible in Washington, DC, US, on Monday, Sept. 8, 2025. Bloomberg | Bloomberg | Getty ImagesPresident Donald Trump on Wednesday appealed a federal judge’s order blocking him from firing Federal Reserve Governor Lisa Cook while a lawsuit challenging his removal of her continues.The appeal came a day after U.S. District Court Judge Jia Cobb, in her decision, said, “The public interest in Federal Reserve independence weighs in favor of Cook’s reinstatement.”Cobb also said that Cook has “made a strong showing” that Trump’s purported removal of…

Iranian authorities shot dead six Afghan migrants allegedly attempting to cross over into the country via Sistan and Baluchestan province, it emerged on Wednesday.  According to a report by human rights group Halvash, the six migrants were killed on September 8 while several others were injured as around 300 Afghans attempted to make past the border crossing. Iranian forces opened fire on 120 migrants, using RPGs [grenade launchers], detaining 40 of them in Sistan and Baluchestan province at the Golshan border crossing.  Recounting two survivors’ accounts, Halvash said that Ehsanullah Tajik, Nasrullah Barkzai, Hezbullah Barkzai, Wai Barkzai, and Basheer Ahmad Barkzai, were among…

Sebastian Siemiatkowski, chief executive officer and co-founder of Klarna Holding AB, center, and Michael Moritz, chairman of Klarna Bank AB, center right, during the company’s initial public offering (IPO) at the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Sept. 10, 2025. Michael Nagle | Bloomberg | Getty ImagesKlarna shares popped 30% in their New York Stock Exchange debut Wednesday, opening at $52, after the Swedish online lender priced its IPO above its expected range.The company, known for its popular buy now, pay later products, priced shares at $40 on Tuesday, raising $1.37 billion for the company…

Kuldeep Yadav returned figures of 4-7 to lead holders India to a crushing nine-wicket win over hosts United Arab Emirates in their opening match of the men’s Asia Cup 2025 on Wednesday. Kuldeep struck three times in one over with his left-arm wrist spin as tournament favourites India skittled UAE for a paltry 57 in 13.1 overs after they elected to field first in the T20 in Dubai. India romped home to victory in 4.3 overs after left-handed opener Abhishek Sharma hit 30 off 16 balls and vice-captain Shubman Gill stood unbeaten on 20. But it was the bowlers who…

This image from video provided by U.S. Immigration and Customs Enforcement via DVIDS shows manufacturing plant employees waiting to have their legs shackled at the Hyundai Motor Group’s electric vehicle plant, on Thursday, Sept. 4, 2025, in Ellabell, Ga.Corey Bullard | U.S. Immigration and Customs Enforcement via APHundreds of people who were among those detained by U.S. immigration authorities while working on building an electric vehicle battery plant for Hyundai and LG Energy Solution in Georgia are expected to fly home to South Korea on a chartered plane out of Atlanta as early as Wednesday.A Korean Air Boeing 747-8I that…

Potbelly Sandwich Shop on October 3, 2015 in Louisville, Kentucky.Raymond BoydSandwich shop chain Potbelly will be acquired by convenience store operator RaceTrac in a $566 million all-cash deal, Potbelly announced Wednesday.The deal is expected to close in the fourth quarter of the year. Shares of Potbelly shot up more than 30% following the announcement.The Chicago-based Potbelly has more than 445 stores in the U.S., including franchised locations, with a goal of reaching 2,000, according to the company. RaceTrac, a family owned company headquartered in Atlanta, operates more than 800 convenience stores across 14 states.”RaceTrac’s strategic vision including their commitment to…

ISLAMABAD: A judicial officer, Waseemur Rehman Khan Khakwani, appointed on deputation as the Supreme Court’s additional registrar (judicial), has been relieved of his duties after just five months. The position of additional registrar (judicial) is considered one of the most crucial in the SC, as the officer in this role is responsible for the fixation of cases before benches. Sources in the SC told The Express Tribune that Khakwani, a judicial officer from the Punjab judiciary, became “a victim of office politics”. As a result, he requested CJP Yahya Afridi to relieve him before completing his deputation term. According to…

Oracle Corp Chief Executive Larry Ellison during a launch event at the company’s headquarters in Redwood Shores, California June 10, 2014.Noah Berger | ReutersOracle’s massive growth trajectory for cloud infrastructure is lifting all boats.The cloud giant forecasted skyrocketing sales to $114 billion in the company’s fiscal 2029, signalling demand for artificial intelligence processing will remain high over the next few years, and will require Oracle to build out new data centers.”The guide for a 14x of Oracle’s cloud infra segment in 5 years, mostly from GPU cloud demand, and the guide for capex of $35b in FY26 is bullish Nvidia,…

Wells Fargo CEO Charles Scharf said Wednesday that while corporations and higher-income consumers are thriving, lower income Americans are struggling to stay afloat.The bank’s data shows that “companies are in really great shape” and spending and debt repayment rates among all income levels has been steady, but there are signs of stress among lower earners, Scharf said in an interview on CNBC’s Squawk Box.”There is this big dichotomy between higher-income and lower-income consumers which continues and is a real issue,” Scharf said.”The low end is spending the money that they have, so their balances are below … pre-pandemic levels; they…