Author: i2wtc
Jensen Huang, CEO of Nvidia, speaks during the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, on June 11, 2025.Gonzalo Fuentes | ReutersNvidia stock fluctuated on Thursday as investors digested the company’s latest earnings report, which signaled robust AI demand but provided little clarity on China.Sales surged 56% in the quarter to $46.74 billion, which was roughly in line Wall Street’s projected $46.06 billion, according to LSEG. The company reported adjusted earnings per share of $1.05, just topping the $1.01 per share estimated by analysts.Data center revenue of $41.1 billion came…
LAHORE: The Pakistan Super League (PSL) has appointed Ernst & Young (EY MENA) to conduct a valuation of its commercial assets, including existing franchises and sponsorship rights, it announced said on Tuesday. According to a Pakistan Cricket Board (PCB) press release, the decision followed a public tender process initiated in July. The valuation, expected to be completed within five weeks, will cover the fair market value of franchises, renewal franchise fees, media and live-streaming rights, in-stadia sponsorships, title sponsorships, and possible new teams, according to the terms of reference approved by the PSL governing council. As per the statement, the…
Dick’s Sporting Goods raised its full-year sales and earnings guidance after delivering fiscal second-quarter results that beat expectations.The company is now expecting comparable sales to grow between 2% and 3.5%, up from a previous range of 1% and 3% and ahead of analyst estimates of 2.9%, according to StreetAccount. Dick’s said its earnings per share are now expected to be between $13.90 and $14.50, up from a previous range of $13.80 to $14.40. Analysts were expecting $14.39 per share, according to LSEG.Here’s how the company performed compared with what Wall Street was anticipating, based on a survey of analysts by LSEG:Earnings per…
People visit the 15th China-Northeast Asia Expo in Changchun, northeast China’s Jilin Province, Aug. 27, 2025. (Xinhua/Zhang Nan)CHANGCHUN, Aug. 28 (Xinhua) — The ongoing 15th China-Northeast Asia Expo, held in Changchun, capital of northeast China’s Jilin Province, highlights regional cooperation on green transition and sustainable development.Nyam-Osor Uchral, Mongolia’s First Deputy Prime Minister and Minister of Economy and Development, hailed the expo as a platform for cooperation in the regional economy, trade, investment, infrastructure and technological innovation.Noting Mongolia’s endowment of natural resources and renewable energy, as well as its proximity to Chinese and Russian markets, he said the country is committed…
ISLAMABAD: Pakistan on Wednesday requested the Asian Development Bank (ADB) to fully finance the nearly $7 billion Mainline-I (ML-I) railways project in consortium with other multilateral lenders after failing to secure funding from China. The country waited almost a decade for China’s 85% financing commitment for the project. The government has now returned to the ADB, which was keen to fund in 2016 but withdrew due to Beijing’s insistence on sole financing. The Manila-based lender, along with the Asian Infrastructure Investment Bank (AIIB), has shown willingness to provide about 60% funding for the Karachi-Rohri section, said sources. They added that…
ISLAMABAD: The Pakistan Sports Board (PSB) has asked the Pakistan Hockey Federation (PHF) to submit within three days a detailed plan for the national team’s participation in the upcoming FIH Pro League, including travel, logistics, administrative arrangements and training schedules. In a letter, the PSB informed the federation that the federal government had approved a grant of Rs250 million for the team’s participation in the event. The PHF, however, had sought Rs350m, and has now been directed to arrange the remaining amount through sponsorship. Pakistan received an invitation to compete in the Pro League (Season 7) after New Zealand, the…
Susan Monarez, President Donald Trump’s nominee to be the Director of the Centers for Disease Control and Prevention (CDC), arrives to testify for her confirmation hearing before the Senate Committee on Health, Education, Labor, and Pensions in the Dirksen Senate Office Building on June 25, 2025 in Washington, DC.Kayla Bartkowski | Getty ImagesLawyers for Centers for Disease Control and Prevention Director Susan Monarez said late Wednesday that she remains in the role because only President Donald Trump can fire her.In a post on X, the lawyers said White House staff in the personnel office notified Monarez of her firing on…
Best Buy surpassed Wall Street revenue and earnings expectations for its most recent quarter on Thursday, but stuck with its full-year forecast, citing tariff uncertainty.The consumer electronics retailer said it expects revenue of $41.1 billion to $41.9 billion and adjusted earnings per share in a range of $6.15 to $6.30 for its full fiscal year 2026. In May, Best Buy had cut its full-year profit guidance from a prior range of $6.20 to $6.60.For Best Buy, the middle of its expected full-year revenue range would be roughly flat to its revenue of $41.53 billion in the previous year. Best Buy…
A massive flood wave of up to 1.2 million cusecs is expected to pass through the Indus River near Rahim Yar Khan within the next 36 hours, in what officials warn will be the largest surge since the catastrophic 2010 floods. Rahim Yar Khan DC Khurram Pervaiz said a flood emergency has been enforced in the district, while Section 144 has been imposed to ensure residents evacuate vulnerable riverine areas. District authorities warn that around 95 settlements could be hit — 44 completely and 51 partially — putting an estimated 325,000 people and over 557,000 livestock at risk. “All assistant commissioners…
A Standford study has found evidence that the widespread adoption of generative AI is impacting the job prospects of early career workers.Vertigo3d | E+ | Getty ImagesThere is growing evidence that the widespread adoption of generative AI is impacting the job prospects of America’s workers, according to a paper released on Tuesday by three Stanford University researchers.The study analyzed payroll records from millions of American workers, generated by ADP, the largest payroll software firm in the U.S.The report found “early, large-scale evidence consistent with the hypothesis that the AI revolution is beginning to have a significant and disproportionate impact on…