Author: i2wtc
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…
Signed contracts to buy existing homes, known as pending sales, were weaker in July compared with June, and were canceled at the highest rate since at least 2017.The monthly pending home sales index from the National Association of Realtors dropped 0.4% in July from June, but was still 0.7% higher from July of last year. Mortgage rates in July were moving slightly higher, which could account for some of the drop. The average rate on the popular 30-year fixed mortgage started July at 6.67% and then moved to 6.85% by the middle of the month and ended July at 6.75%,…
KARACHI: A Sindh Assembly committee has given the green light to a hefty increase in the salaries and perks of provincial lawmakers, approving a rise of almost 200 per cent. The 18-member committee, chaired by Speaker Owais Qadir Shah, met on Wednesday and agreed to raise MPAs’ monthly pay and allowances from the existing Rs150,000 to Rs430,000. Pakistan Peoples Party lawmaker and committee member Imtiaz Shaikh told The Express Tribune that the panel had reviewed compensation packages in other provincial legislatures. “It was pointed out that Sindh legislators’ salaries are lower compared to other assemblies and needed to be brought…
The twin tragedies this month sent shockwaves through Japanese boxing, with authorities scrambling to investigate and under pressure to tighten safety. Drastic weight loss, ferocious sparring and lax regulation have created a dangerous environment in Japanese boxing, as the sport battles for its future in the country after two fighters died. Super featherweight Shigetoshi Kotari and lightweight Hiromasa Urakawa, both 28, fought separate bouts on the same card at Tokyo’s Korakuen Hall on August 2 and died days later following brain surgery. Another Japanese boxer died after a bout in Tokyo in December 2023 and one more has been in…
Rows of Volkswagen ID Buzz electric buses are parked at the National City Marine Terminal, a major port for vehicle imports and exports to the U.S.Kevin Carter | Getty Images News | Getty ImagesThe European Union formally proposed Thursday to remove tariffs on American industrial goods, fulfilling a key element of the U.S.-EU framework trade agreement and ensuring that lower automobile tariffs will be retroactive to the beginning of August.The European Commission, the executive arm of the EU, said in a statement that the removal of duties on industrial goods, along with providing “preferential market access” for some U.S. seafood and…
A Nike store in Hanoi, Vietnam, on July 3, 2025.Nhac Nguyen | Afp | Getty ImagesNike is planning another round of layoffs as part of CEO Elliott Hill’s efforts to realign the business and get it back to growth, CNBC has learned. The cuts will impact less than 1% of Nike’s corporate staff. It’s unclear how many jobs will be impacted. Nike’s EMEA and Converse businesses will not be impacted. “As we shared in Q4 earnings, NIKE, Inc. is in the midst of a realignment. The moves we’re making are about setting ourselves up to win and create the next great chapter for NIKE,”…
DI KHAN: A Counter-Terrorism Department (CTD) official’s brother, himself a constable, was martyred in a late-night terrorist attack in Bannu district of Khyber-Pakhtunkhwa, where heavily armed terrorists stormed the family residence, opened fire, and later set the house ablaze. Police told The Express Tribune that around 2025 heavily armed terrorists surrounded the home of CTD official Javed and his brother, Constable Rafidullah, in the jurisdiction of Hovid Police Station late in the night. The assailants indiscriminately opened fire. Despite being outnumbered, Constable Rafidullah resisted and fought back with remarkable courage. He was overpowered and taken away with his two nephews.…