Author: i2wtc

A traffic light shows red in front of the US Capitol, in Washington DC , October 14, 2025.Celal Gunes/ | Anadolu | Getty ImagesA federal judge on Tuesday extended a temporary order blocking the Trump administration’s plans to fire thousands of federal employees during the government shutdown.The order, called a preliminary injunction, prohibits the administration from issuing reduction-in-force, or RIF, notices until the government reopens, Judge Susan Illston said during a hearing in U.S. District Court in San Francisco.Illston had imposed a short-term firing freeze, known as a temporary restraining order or TRO, on Oct. 15.The American Federation of State,…

A person rides an electric scooter past the air traffic control tower at Reagan Washington National Airport as the U.S. government shutdown continues in Arlington, Virginia, U.S., Oct. 8, 2025. Nathan Howard | ReutersU.S. air traffic controllers Tuesday missed their first full paychecks since the government shutdown began at the start of the month, while the Department of Transportation said flight delays due to staffing shortages have increased.The controllers are facing increased financial stress and it’s getting harder to recruit much-needed workers, union officials and Transportation Secretary Sean Duffy said Tuesday. Air traffic controllers and airport security screeners are among…

Strauss Zelnick, the CEO of video game publisher Take-Two Interactive, said he is not a “naysayer” when it comes to the promise of artificial intelligence. But at the same time, Zelnick, who leads the company that publishes the “Grand Theft Auto,” “NBA 2K,” “Red Dead” and “Borderlands” video game series, said the signs that the technology is having an impact on game development and production are “still limited.”That’s for two reasons, Zelnick told a room of technology executives at CNBC’s Technology Executive Council Summit in New York on Tuesday.The first reason — which is increasingly placing AI companies at odds…

Shares of high-tech glass maker Corning dropped 2.5% on Tuesday after climbing more than 80% this year. Investors took profits after what were solid earnings. We weren’t among them. In fact, we bought the pullback on Tuesday morning, shortly after underserved post-earnings weakness developed. Corning makes specialty glass for data center cables and screens for all kinds of digital devices. We’re raising our price target on the stock to $95 per share from $93 and reiterating our buy-equivalent 1 rating. Here are the headline numbers from Corning’s third quarter, which ended Sept. 30. Core revenue , which adjusts for factors…

The Lucid display is seen at the New York International Auto Show on April 16, 2025. Danielle DeVries | CNBCLucid Group is targeting a new goal that would make it the first automaker to offer highly advanced self-driving capabilities in its vehicles in the coming years, the company said Tuesday.The all-electric vehicle manufacturer expects to launch what it’s calling “mind-off” driving in which a car can essentially drive itself under normal circumstances without a human needing to monitor it or intervene unless there’s a change in circumstances, such as severe weather. That would be like an occupant playing a game…

Minister says govt strengthens NTC as local industries face dumped imports, inconsistent policies ISLAMABAD: As factories face a “double whammy” of dumped foreign goods and inconsistent domestic policies, Minister of State for Finance Bilal Azhar Kayani on Monday assured that the government would take all feasible industry proposals to the International Monetary Fund (IMF) for consideration to contain the losses. Addressing a press conference, Kayani said the government would review any workable proposals made by the eight newly constituted business-led working groups. These groups were formed two days after Prime Minister Shehbaz Sharif ordered their creation to prevent the “collapse”…

US Secretary of Defense Pete Hegseth addresses senior military officers at Marine Corps Base Quantico in Quantico, Virginia, on September 30, 2025. Andrew Harnik | Afp | Getty ImagesU.S. military officials involved with President Donald Trump’s expanding operations in Latin America have been asked to sign non-disclosure agreements, three U.S. officials say, a development that raises new questions about a military buildup that Venezuela fears may lead to an invasion.The step is highly unusual, given that U.S. military officials are already required to shield national security secrets from public view, and comes as lawmakers in Congress say they are being kept in the dark about key aspects of the mission.The officials who spoke to…

Eli Lilly and Nvidia are partnering to build what they call the pharmaceutical industry’s “most powerful” supercomputer and so-called AI factory to help accelerate drug discovery and development across the sector, the companies announced Tuesday. It’s the latest stride by Nvidia and the pharmaceutical industry to harness AI to help shorten the time it takes to bring cures to patients, while reducing costs at every stage of drug discovery and development. The process typically takes about 10 years on average from dosing the first human with a drug to its launch on the market, said Diogo Rau, Eli Lilly’s chief information…

Amazon ‘s latest round of layoffs may help the bottom line, but CNBC’s Jim Cramer encouraged investors to keep their eyes on what really matters. That would be Amazon Web Services. The e-commerce and cloud giant said Tuesday it will cut 14,000 corporate jobs, or about 4% of the total corporate and tech workforce, to invest in other higher-priority areas such as generative AI. The company employs roughly 1.5 million people around the world. Most of those positions are warehouse jobs. “The reductions we’re sharing today are a continuation of this work to get even stronger by further reducing bureaucracy,…

Ombudsperson directed university to take steps to establish a Standing Inquiry CommitteeFUUAST. PHOTO: FACEBOOK Pakistan’s Federal Ombudsperson for Protection against Harassment (FOSPAH) has declared remarks made by the Vice-Chancellor of the Federal Urdu University, Dr Zabta Khan Shinwari, as discriminatory, stating that comments suggesting “women above the age of 35 face hormonal issues” constitute gender bias. The judgment, delivered by Federal Ombudsperson Fauzia Viqar, found the Vice Chancellor of the Federal Urdu University of Arts, Science and Technology (FUUAST), Dr Zabta Khan Shinwari, guilty of workplace harassment for repeatedly making gender-stereotypical and disparaging remarks about women faculty members. The petitioner, a…