Author: i2wtc
Gap stock fell in extended trading on Thursday after the company warned tariffs will impact its profits moving forward.When Gap last reported results in May, it said it expected tariffs to cost between $100 million and $150 million on a net basis, but on Thursday, it said those costs are now going to be between $150 million and $175 million. Its full-year operating margin is expected to be between 6.7% and 7%, down from 7.4% in the previous fiscal year, reflecting a tariff impact between 1 percentage point and 1.10 percentage points.In its current quarter, its expecting its gross margin to…
Deputy Prime Minister and Foreign Minister Ishaq Dar received a phone call on Wednesday night from German Foreign Minister Dr Johann Wadephul, the Foreign Office said on Thursday. The two leaders reiterated their commitment to further strengthen “mutually beneficial cooperation, and understood the importance of high-level contacts”. Deputy Prime Minister/Foreign Minister, Senator Mohammad Ishaq Dar @MIshaqDar50, received a call last night from German Foreign Minister, Dr. Johann Wadephul @AussenMinDE.The two leaders affirmed their resolve to further strengthen mutually beneficial bilateral cooperation, and… pic.twitter.com/zYgN1nTHzV — Ministry of Foreign Affairs – Pakistan (@ForeignOfficePk) August 28, 2025 The two leaders also discussed their views…
Intel CFO David Zinser said that the semiconductor giant received $5.7 billion from the U.S. government on Wednesday evening.Zinsner acknowledged the investment on Thursday during an investor conference. The investment is part of the White House’s decision last Friday to take a 10% stake in the beleaguered computer chip company.Zinser also signaled the possibility that Intel seeks outside investment for its foundry business. The company reported better-than-expected second-quarter results on July 25, but its shares sank 8% due to concerns over the business of its foundry unit, which manufactures computer chips for other firms.”There’s likely going to be some opportunity…
Iga Swiatek survived a second-set scare to beat the Netherlands’ Suzan Lamens 6-1, 4-6, 6-4 on Thursday, as the 2022 champion battled back on Arthur Ashe Stadium to reach the US Open third round. The second seed has looked like a top contender after picking up her sixth major at Wimbledon and clinching the Cincinnati tune-up tournament and she cleaned up some mid-match errors to keep her campaign on track. She will play 29th seed Anna Kalinskaya in the third round. Swiatek was in control as she broke in the second game when her opponent hit the ball long and…
The exterior of the Center for Disease Control and Prevention (CDC) main campus in Atlanta, Georgia, U.S., Aug. 27, 2025. Alyssa Pointer | ReutersThe Centers for Disease Control and Prevention is facing a leadership upheaval — and at the center of the shakeup is concern about the agency’s approach to vaccines and U.S. public health.The White House on Thursday said President Donald Trump had fired CDC Director Susan Monarez after she refused to resign. Lawyers for Monarez said she was “targeted” for “protecting the public over serving a political agenda.”Meanwhile, four other top health officials at the CDC announced Wednesday…
An anti-terrorism court (ATC) in Lahore sent ousted premier Imran Khan’s nephew Shershah Khan on 14-day judicial remand on Thursday, denying the investigation officer’s (IO) request for extension in physical remand. During the hearing, IO Muhammad Ashraf Javed sought a 30-day extension to the five-day physical remand granted earlier on August 23. The IO contended that further time was required to recover Shershah’s mobile phone and a mask allegedly used at the time of the incident – Shershah was arrested in connection with May 9 riots – and to obtain details of his social media accounts. The IO apprised the…
Two Nvidia customers made up 39% of Nvidia’s revenue in its July quarter, the company revealed in a financial filing on Wednesday, raising concerns about the concentration of the chipmaker’s clientele.”Customer A” made up 23% of total revenue, and “Customer B” comprised 16% of total revenue, according to the company’s second-quarter filing with the Securities and Exchange Commission.That’s higher than the same quarter a year ago when Nvidia’s top two customers made up 14% and 11% of sales, according to the filing.The company regularly publishes information on a quarterly basis about its top customers, but the disclosure this week is…
A member of the U.S. rail regulatory board said he discovered that he had been fired by the Trump administration after returning home from an Amtrak event to unveil new high-speed Acela trains.”I was just as surprised as anyone else,” the former Surface Transportation Board member, Robert Primus, told CNBC’s Eamon Javers on Thursday in his first broadcast interview since being removed.Primus, a Democrat who President Donald Trump nominated to the STB in 2020 during his first term, also reaffirmed that he planned to fight his ouster.”I tell people, I’m from Jersey and Jersey folks know how to fight,” he said.The…
GAZA CITY: The Israeli military pressed operations around Gaza City on Wednesday, as President Donald Trump prepared to host a White House meeting on post-war plans for the shattered Palestinian territory. Israel is under mounting pressure both at home and abroad to end its almost two-year campaign in Gaza, where the United Nations has declared a famine. Mediators have circulated a truce proposal which has been accepted by Palestinian militant group Hamas, whose October 2023 attack triggered the devastating war. But Israel has yet to give an official response. On the ground, Gaza’s civil defence agency said Israeli strikes and…
The final of this season’s Champions League in Budapest will kick off at 6pm local time (9pm PKT) rather than 9pm (midnight PKT) to “enhance the matchday experience”, UEFA announced on Thursday. The 2026 final will be played at the Puskas Arena on Saturday, May 30. “An earlier kick-off makes day trips more feasible, reduces travel stress, and allows fans to enjoy the occasion without worrying about late-night logistics,” said Ronan Evain, executive director for Football Supporters Europe, which worked on the subject with UEFA. Unlike the Europa League and Conference League finals, which are played in midweek, the Champions…