Author: i2wtc

U.S. President Donald Trump arrives at the White House, following his annual physical exam at Walter Reed National Military Medical Center, in Washington, D.C., U.S., October 10, 2025. Ken Cedeno | ReutersPresident Donald Trump has vowed to target only “Democrat Agencies” for permanent staffing cuts amid the government shutdown — but the administration’s layoffs so far have affected programs and services that cut across party lines.The White House on Friday issued thousands of reduction-in-force notices, known as RIFs.Around 4,200 federal employees from at least eight departments and agencies were affected.The department sustaining the largest cuts was the Treasury Department, where…

2026 Jeep Grand WagoneerJeepDETROIT – Jeep is overhauling its top-end Grand Wagoneer lineup for the 2026 model year under a yearslong turnaround plan for the quintessential American SUV brand.The changes include updating exterior styling, introducing a new forthcoming extended-range powertrain and creating a simplified, less expensive model lineup all under the “Grand Wagoneer” name. Jeep will also kill off the standalone “Wagoneer” nameplate.”This marks a significant portfolio moment in refining our flagship SUV to reach a broader audience,” Jeep CEO Bob Broderdorf said during a media event.Since launching in 2021, the Wagoneer and Grand Wagoneer have not lived up to…

Unidentified assailants opened fire on Levies constable in Swat despite additional police teams deployed in area A Levies constable, identified as Abdul Kabeer by state-run APP, who was assigned to protect a polio vaccination team was killed on Tuesday when unidentified attackers opened fire on him in Swat district, Khyber Pakhtunkhwa, police said. The incident occurred a day after the government launched a nationwide polio eradication campaign, targeting over 45 million children. A special order had been issued for the campaign, with additional police officers and personnel deployed. Pakistan remains one of only two countries in the world, alongside Afghanistan,…

A sign is posted in front of a Broadcom office in San Jose, California, on Dec. 12, 2024.Justin Sullivan | Getty ImagesThis is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Here are five key things investors need to know to start the trading day:1. Broadcom’s boonOpenAI made its latest artificial intelligence partnership official yesterday, announcing a custom chip deal with Broadcom. Shares of the chipmaker closed Monday’s session nearly 10% higher following news of the partnership, though the stock pulled back by 3% in premarket trading this morning.Here’s what to know:The companies — which have been working together…

Jamie Dimon, CEO of JPMorgan Chase & Co., speaks during the 2025 National Retirement Summit in Washington, D.C., on March 12, 2025.Al Drago | Bloomberg | Getty ImagesJPMorgan Chase CEO Jamie Dimon said Tuesday that bankruptcies in the U.S. auto market are a sign that corporate lending standards grew too lax in the past decade-plus.Dimon, the longtime leader of the largest U.S. bank by assets, was speaking about the recent collapse of auto parts firm First Brands and subprime car lender Tricolor Holdings.”We’ve had a credit bull market now for the better part of what, since 2010 or 2012? That’s…

Aerial view of the Apple Data Center in Mesa near Phoenix, Arizona, U.S. on August 6, 2017. Picture taken on August 6, 2017. Apple plans to build its second data center in China at Ulanqab City in the Inner Mongolia Autonomous Region.Jim Todd | ReutersA 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.The sudden surge in demand…

Confidence returns as macro outlook stabilises over IMF reform commitment, easing political noiseA stock broker reacts while monitoring the market on the electronic board displaying share prices during trading session at the Pakistan Stock Exchange, in Karachi on July 3, 2023. Photo: Reuters/ File The Pakistan Stock Exchange (PSX) recorded a historic rally on Tuesday, with the KSE-100 index jumping 7,032.60 points, or 4.44%, marking the second-highest single-day gain in its history. The index closed at 165,476.02, capping off a session dominated by aggressive buying and a sharp reversal in sentiment. This dramatic surge follows a day of heavy selling,…

U.S. Secretary of Homeland Security Kristi Noem, flanked by Deputy Administrator of the Transportation Security Administration Ha McNeil and Adam Stahl, TSA Senior Official Performing the Duties of the Administrator, speaks during a news conference at Ronald Reagan Washington National Airport on July 8, 2025 in Arlington, Virginia. Kent Nishimura | Getty ImagesSeveral major U.S. airports are refusing to air a video in which Homeland Security Secretary Kristi Noem blames Democrats for the federal government shutdown continuing.The Transportation Security Administration sent requests to airports to air the video on screens near security lines, MSNBC reported.On the video, Noem says, “It…

Boeing 737 Max planes sit at the airport in Renton, Washington.Leslie Josephs | CNBCBoeing delivered 55 aircraft to customers last month, putting it on track for its best year since 2018 as its production stabilizes and its executives eye increased output rates of its 737 Max cash cow airplanes.Forty of the deliveries were 737 Maxes, Boeing said Tuesday, with customers including European budget carrier Ryanair, which took 10, as well as Southwest Airlines, United Airlines, China Southern and leasing firm AerCap.In the first nine months of 2025, Boeing has delivered 440 airplanes, compared with 568 in the same period of…

A surge in artificial intelligence infrastructure spending is lifting GDP and driving market optimism, but some experts warn the boom could be concealing underlying economic weakness.Global AI investment is forecast to reach $375 billion in 2025 and top $500 billion by 2026, according to UBS. That flood of capital is reshaping how and where money is flowing across the economy.”It’s the start of trillions being spent in this build out of the fourth Industrial Revolution,” said Dan Ives, managing director at Wedbush Securities.”Big tech right now is doing the equivalent of building Vegas in the 1950s where there was just…