Author: i2wtc

A difficult jobs report comes at a tough time for the White House. Gas prices are rising due to the war in Iran, while stock market turmoil is making savers and retirees antsy about the state of their 401(k)s.Data released Friday showing a loss of 92,000 jobs in February will put pressure on the Trump administration to reconsider military and homeland security policies that have complicated the nation’s economic outlook. But there may simply not be enough time to force through a substantial policy shift that could improve the economic outlook before the November midterms. The state of the economy is…

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. 1. Stocks fell Friday as the war in the Middle East escalated. The S & P 500 and Nasdaq were both off roughly 1% after President Donald Trump said Friday there would be no deal to end the U.S. war against Iran without an “unconditional surrender” by Iran. Despite continued uncertainty, Jim Cramer believes the “end-of-the-world view” has gone too far and sees buying opportunities in this “ugly market.” Jim called out Goldman Sachs ,…

Chinese President Xi Jinping, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, visits national political advisors from the Chinese Peasants and Workers Democratic Party, the Jiusan Society, the sector of medicine and health, and the sector of welfare and social security, who are attending the fourth session of the 14th National Committee of the Chinese People’s Political Consultative Conference (CPPCC), in Beijing, capital of China, March 6, 2026. Xi attended their joint group meeting, and heard their comments and suggestions. (Xinhua/Xie Huanchi)BEIJING, March 6 (Xinhua) — Chinese President Xi…

Indian Prime Minister Narendra Modi met with Prime Minister Mark Carney at the G7 summit on Tuesday. Canada’s intelligence agency warns in a new report that the country remains a source of foreign interference. PHOTO: THE CANADIAN PRESS ISLAMABAD: Pakistan on Thursday expressed concern over a long-term uranium supply agreement and nuclear cooperation arrangement concluded between India and Canada during the recent visit of Canadian Prime Minister Mark Carney to New Delhi, warning that such country-specific arrangements risk undermining the global nuclear non-proliferation framework and destabilising the strategic balance in South Asia. The agreement, which includes long-term uranium supply and…

The US Customs and Border Protection (CBP) headquarters in Washington, DC, US, on Wednesday, May 10, 2023.Bloomberg | Bloomberg | Getty ImagesU.S. Customs and Border Protection told a Court of International Trade judge on Friday that it is not currently able to comply with his order to begin refunding reciprocal tariffs imposed last year by President Donald Trump, which the Supreme Court recently ruled are illegal.CBP in the same court filing told Judge Richard Eaton that the total amount of so-called IEEPA tariffs collected as of Wednesday by the agency and estimated duty deposits related to such tariffs “is approximately…

Toyota Motor Corp. vehicles bound for shipment at the Port of Nagoya in Tokai, Aichi Prefecture, Japan, on Tuesday, April 29, 2025. Toru Hanai | Bloomberg | Getty ImagesDETROIT — Toyota Motor, Hyundai Motor and Chinese automakers such as Chery face the most potential impact of non-domestic automakers from the U.S.-Israel war with Iran, according to an analysis by Bernstein.Those international automakers account for roughly a third of sales in the Middle East, according to the report, led by Toyota at 17%, Hyundai at 10% and Chery at 5%. In Iran specifically, Bernstein reports Iranian automakers Iran Khodro and SAIPA…

Marvell shares popped 18% on Friday as the company posted an earnings beat and issued strong guidance, expecting strong artificial intelligence demand to continue.The semiconductor company reported adjusted earnings of 80 cents per share for the quarter, exceeding the 79 cents per share expected by analysts polled by LSEG. The company reported $2.2 billion in fourth-quarter revenue, topping a forecast of $2.1 billion.”Look at our results that we’re guiding. Look at our outlook for this year. Look at our outlook for next year. Do you see me blinking? You don’t,” CEO Matt Murphy told analysts on the earnings call.Murphy said…

Araghchi says ready and ‘waiting’ for US invasion; Tehran strike sparks Bahrain refinery blazeSmoke rises above the city skyline in Riyadh, amid the US-Israeli conflict with Iran. Photo: Reuters WASHINGTON: Iran is “waiting for” and prepared to counter any ground invasion by the US military, Foreign Minister Abbas Araghchi said Thursday, as the Middle East war unleashed by US-Israeli attacks on Iran has swelled outwards to Cyprus, Sri Lanka, Turkey and Azerbaijan, and risks drawing more countries into the conflict. Moreover, a spokesperson for the Khatam al-Anbiya Central Headquarters said the aircraft carrier USS Abraham Lincoln was struck by drones…

A used car dealership is seen in Annapolis, Maryland on May 27, 2021, as many car dealerships across the country are running low on new vehicles as a computer chip shortage has caused production at many vehicle manufactures to nearly stop.Jim Watson | AFP | Getty ImagesDETROIT — A closely watched barometer for used vehicle pricing jumped last month as dealers sped to increase inventories amid expectations of a robust spring selling season.Cox Automotive on Friday reported its Manheim Used Vehicle Value Index — which tracks prices of used vehicles sold at its U.S. wholesale auctions — increased 4% in February compared…

IMF objects to Rs1tr power subsidy. Design: Mohsin Alam ISLAMABAD: The International Monetary Fund (IMF) has objected to Pakistan’s proposal to allocate nearly Rs1 trillion for power subsidies in the next fiscal year, including over Rs500 billion to cover electricity theft and inefficiencies. The continued bleeding of the power sector and mammoth budgetary allocations every year negate the government’s claim that it has improved the sector’s performance during the past two years. Government sources said the Power Division informed the IMF that it may need Rs990 billion in power subsidies for fiscal year 2026-27, starting in July. The amount is…