Author: i2wtc
Shoppers come and go the TJ Maxx store at the Mall at Prince George’s on August 17, 2022 in Hyattsville, Maryland.Chip Somodevilla | Getty ImagesTJX Cos. on Wednesday reported earnings and revenue that beat Wall Street’s expectations and raised its full-year guidance, as the discounter behind T.J. Maxx, Marshalls and HomeGoods said it assumes it can offset higher costs from tariffs.TJX now expects full-year fiscal 2026 earnings will be between $4.52 and $4.57 per share, up from its prior guidance between $4.34 and $4.43 per share. The retailer also raised its comparable sales expectations to a 3% increase, versus prior…
ISLAMABAD: Foreign ministers from Afghanistan, China and Pakistan will meet in Kabul on Wednesday as part of a trilateral mechanism aimed at discussing issues related to strengthening political, economic and regional cooperation among the three countries. Chinese Foreign Minister Wang Yi, who is currently on a visit to New Delhi, will travel to Kabul for the first formal trilateral meeting in two years. Foreign Minister Ishaq Dar will represent Pakistan at the meeting to be hosted by Afghan Foreign Minister Amir Khan Muttaqi. This will be the first visit by the Chinese foreign minister to Afghanistan since the Taliban regained…
Lisa Cook, member of the Board of Governors of the US Federal Reserve, attends a Federal Reserve Board open meeting discussing proposed revisions to the board’s supplementary leverage ratio standards at the Federal Reserve Board building in Washington, DC, on June 25, 2025. Saul Loeb | AFP | Getty ImagesPresident Donald Trump on Wednesday demanded that Federal Reserve Governor Lisa Cook resign after a U.S. housing agency chief called on the Department of Justice to launch a criminal mortgage fraud investigation into the central bank official.”Cook must resign, now!!!” Trump wrote in a Truth Social post that linked to a…
A FieldAI robot.Courtesy: FieldAIBill Gates-backed Robotics startup Field AI has raised $405 million in two funding rounds, with investments from Nvidia’s venture capital arm and Amazon founder Jeff Bezos’ family office.The funding comes during an “aha moment,” founder and CEO Ali Agha told CNBC, as software and hardware reach an inflection point.”We are growing,” he said. “This funding announcement is to respond to the customer demand.”The latest round values the two-year-old startup at $2 billion, according to a person familiar with the matter who asked not to be identified to discuss financial information.Along with NVentures and Bezos Expeditions, the rounds…
ISLAMABAD: Following its passage in the National Assembly, the Senate on Tuesday approved the Anti-Terrorism (Amendment) Bill 2025, restoring powers that allow law enforcement agencies and the armed forces to detain suspects for up to three months, a move that sparked uproar from the opposition benches. Minister of State for Interior and Narcotics Control Muhammad Talal Badar tabled the bill, which amends sub-section (1) of Section 11EEEE of the Anti-Terrorism Act, 1997. According to the amendment, “the government or, where the provisions of Section 4 have been invoked, the armed forces or civil armed forces for a period not exceeding…
Intel’s CEO Lip-Bu Tan speaks at the company’s Annual Manufacturing Technology Conference in San Jose, California, U.S. April 29, 2025.Laure Andrillon | ReutersIntel is in talks with other large investors to receive an equity infusion at a discounted price, people familiar with the matter told CNBC’s David Faber.Intel stock slid more than 6% on Tuesday, after rallying earlier this week on a $2 billion capital injection from SoftBank and reports that the Trump administration is weighing different ways to get involved with the company.Commerce Secretary Howard Lutnick told CNBC on Tuesday that the U.S. government must receive an equity stake…
The national T20 squad arrived in Dubai for the upcoming Asia Cup and Tri-Nation series, the Pakistan Cricket Board (PCB) said on Wednesday. The tri-series against Afghanistan and the United Arab Emirates, which starts on August 29, and the Asia Cup from September 9 will both take place in the UAE. In a post on X, the PCB said the team arrived in Dubai in four groups, adding that it would participate in a pre-series training camp from August 21-27 and take part in a training session at the ICC Cricket Academy tomorrow. The squad departed from Pakistan in four…
An exterior view of a Lowe’s home improvement store in Selinsgrove.Paul Weaver | Lightrocket | Getty ImagesLowe’s beat Wall Street’s earning expectations on Wednesday as demand for home projects picked up during the quarter, but homeowners’ appetite for bigger projects remained weak.The retailer also announced its latest effort to attract more business from home professionals. It said on Wednesday that it has struck a deal to acquire Foundation Building Materials, a distributor of drywall, insulation and other interior building products for large residential and commercial professionals, for about $8.8 billion.Home improvement demand has been weaker as higher borrowing costs and mortgage…
ISLAMABAD: Pakistan on Tuesday decided to seek renegotiation of its Liquefied Natural Gas (LNG) import deal with Qatar after its industry slowed down and power demand slumped, resulting in over 50 surplus cargoes during the next one-and-half years alone. The deal, which will expire in 2031, has left the policymakers with two options — either keep shut its 400 mmcfd per day cheaper local gas production facilities along with diversion of expensive surplus gas to subsidised residential use or seek renegotiation of the deal. The Economic Coordination Committee (ECC) of the cabinet has allowed the Petroleum Division to engage with…
United States President Donald Trump participates in a Multilateral Meeting with European Leaders in the East Room of the White House in Washington, DC, US. Picture date: Monday August 18, 2025.Aaron Schwartz – Pa Images | Pa Images | Getty ImagesU.S. President Donald Trump has been on a multimillion-dollar bond-buying spree since taking office, investing in debt issued by local authorities, gas districts and major American corporations.Across 33 pages of filings to the U.S. Office of Government Ethics (OGE), dated Aug. 12, the president outlined 690 transactions that have taken place since he took office. The documents were made public…