Author: i2wtc
FedEx reported better-than-expected quarterly earnings and revenue Tuesday as the company announced it had achieved its $4 billion cost-cutting goal and will aim to trim another $1 billion in its upcoming fiscal year.The company achieved its “structural cost reduction target, in the face of ongoing headwinds,” CEO Raj Subramaniam said in a media release.”Looking ahead, I’m confident that our transformation initiatives, which are focused on integrating our networks and further reducing our cost-to-serve, will create meaningful long-term value,” he said.FedEx stock dropped about 5% in after-hours trading as the company offered current-quarter profit guidance that came in slightly below what…
Listen to article Iranian President Dr Masoud Pezeshkian on Tuesday appreciated Pakistan’s consistent and principled support during the recent Middle East crisis, as Tehran and Tel Aviv agreed to a US-brokered ceasefire. The appreciation came during a telephonic conversation with Prime Minister Shehbaz Sharif, who reiterated Pakistan’s backing for Iran at international forums, including the United Nations Security Council and the Organisation of Islamic Cooperation (OIC). According to the Prime Minister’s Office, the premier stressed the importance of adherence to international law and the UN Charter by all parties. He also reaffirmed Pakistan’s commitment to regional peace, calling for dialogue and diplomacy…
Crypto prices, including bitcoin, rose on Tuesday after President Trump announced a ceasefire between Iran and Israel.By midday Tuesday, bitcoin had passed the $105,000 level, ether jumped back above the $2,400 mark, and XRP climbed to $2.19. The risk-on action in the markets, which also saw stocks rally on the Mideast de-escalation, wasn’t the only source of momentum, as Republican senators unveiled a major bill to set the rules of the road for crypto. Specifically, the legislation would define when crypto is a commodity or a security, allow crypto exchanges to register with the Commodity Futures Trading Commission, and reduce the…
U.S. President Donald Trump speaks to the press before boarding Marine One from the South Lawn of the White House in Washington, D.C., on June 24, 2025.Mandel Ngan | Afp | Getty ImagesPresident Donald Trump on Tuesday ramped up his pressure on Congress to get his “big, beautiful bill” across the finish line, urging lawmakers to not go on vacation until it passes.”To my friends in the Senate, lock yourself in a room if you must, don’t go home, and GET THE DEAL DONE THIS WEEK,” he wrote on Truth Social.”Work with the House so they can pick it up,…
KAGHAN: As pre-monsoon rains gently fall on the majestic slopes of Malika Parbat, the serene Kaghan Valley undergoes a breathtaking transformation. Nestled at 3,224 meters above sea level and framed by snow-draped peaks, Lake Saiful Malook enchants thousands of tourists escaping the searing heat of the plains of the Khyber Pakthunkhwa. More than just a scenic destination, the lake is steeped in legend and poetry. The rainfall here doesn’t merely freshen the airit awakens the spirit. Clouds drift in and out, playing hide and seek with the sun, as wildflowers bloom along the lake’s oval shoreline, turning the entire landscape…
A variety of school supplies, including lunch boxes and backpacks in different colors and patterns, are on display for the upcoming school year.Deb Cohn-Orbach | UCG | Universal Images Group | Getty ImagesFamilies are not holding back on back-to-school spending this year, despite growing economic pressure, according to a new PwC consumer survey.Nearly three-quarters of back-to-school shoppers expect to spend the same amount or more this year than they did in 2024, according to PwC’s survey of nearly 2,000 parents. In fact, more than 1 in 3 parents anticipate spending more than they did last year.”A lot of it is…
Listen to article Prime Minister Shehbaz Sharif reaffirmed Pakistan’s unwavering solidarity with Saudi Arabia and Qatar on Tuesday, as the regional security situation in the Middle East escalated after Iran’s missile attacks on a United States military base in Qatar. PM Shehbaz met separately with the ambassadors of Saudi Arabia and Qatar in Islamabad to discuss the rapidly evolving situation in the region. Both engagements took place in the aftermath of Monday night’s missile strike, widely reported to have targeted a US facility in the Gulf, according to the Prime Minister’s Office. Shehbaz met Saudi Ambassador Nawaf bin Saeed Al Malkiy to exchange…
Speaker of the House Rep. Mike Johnson (R-LA) speaks during his weekly press conference at the US Capitol on June 24, 2025 in Washington, DC.Tasos Katopodis | Getty ImagesHouse Speaker Mike Johnson, R-La., argued Tuesday that the War Powers Act is unconstitutional, and vowed that a pending resolution to bar U.S. military action in Iran under that law will not pass the House.Johnson told reporters that President Donald Trump’s decision to order strikes on Iranian nuclear targets over the weekend was “clearly” within his powers under Article 2 of the U.S. Constitution.Many constitutional scholars believe that the Nixon-era law, which limits…
Carnival shares climbed roughly 7% on Tuesday after the cruise line posted stronger-than-expected second-quarter results and raised its full-year guidance.According to the company’s earnings report, the cruise operator posted adjusted earnings of 35 cents per share while beating analyst estimates of 24 cents, according to LSEG. Adjusted revenue came in at at record $6.3 billion compared with the expected $6.2 billion.Net income rose to $565 million, which was a significant increase from $92 million a year ago.CEO Josh Weinstein said on Tuesday’s earnings call with analysts that there was a “strong momentum” across all of the company’s brands.Due to outperformance,…
Listen to article Over 40 people, including children and health care workers, were killed in an attack on a hospital in Sudan at the weekend, the head of the World Health Organization said on Tuesday. Attack on the Al Mujlad Hospital took place in West Kordofan, near the front line between the Sudanese army and the paramilitary Rapid Support Forces, who have been fighting each other since the conflict broke out in April 2023. WHO Director General Tedros Adhanom Ghebreyesus called for attacks on health infrastructure to stop, without saying who was responsible. Another appalling attack on health in #Sudan, this one…