Author: i2wtc
Richard Kim, a former Goldman Sachs and JPMorgan Chase executive, was indicted on securities and wire fraud charges related to his alleged misappropriation of about $4 million in investor funds for his start-up online casino company, most of which he allegedly lost within a week through gambling on another site, prosecutors said Wednesday.Investors who lost money in Kim’s scheme included Galaxy Digital, where he had been a venture fund investor for six years, court filings show.The case against Kim again relates to his company Zero Edge, which the 39-year-old New York resident announced after leaving Galaxy Digital in March 2024,…
The human papillomavirus (HPV) vaccine to prevent cervical cancer will be rolled out from September 15 in Sindh, with health officials warning that community mistrust, persistent rumours and gaps in vaccinator training could undermine the campaign. Around 50% of the target group is enrolled in schools, with coordination underway [between health officials and the] education department to facilitate in-school vaccinations, said Dr Rehan Baloch, speaking at the Globe HPV Seminar at Aga Khan Univeristy (AKU). “We have earmarked around Rs 200 million for the HPV vaccine, with additional support from Gavi and other partners for advocacy and outreach,” he said,…
Groceries are seen at a Walmart supermarket in Houston, Texas, on May 15, 2025.Ronaldo Schemidt | AFP | Getty ImagesAs tariffs spark worries of higher prices, Walmart is dangling more discounts for its own employees.The largest private U.S. employer said Wednesday that it will offer a 10% employee discount on nearly all groceries, including milk, meat and frozen food. That discount previously applied to fresh produce and most general merchandise items, such as clothing and toys, but only to other food during the holiday season.In a memo to employees obtained by CNBC, Walmart’s chief people officer, Donna Morris, said the…
Groceries are seen at a Walmart supermarket in Houston, Texas, on May 15, 2025.Ronaldo Schemidt | AFP | Getty ImagesAs tariffs spark worries of higher prices, Walmart is dangling more discounts for its own employees.The largest private U.S. employer said Wednesday that it will offer a 10% employee discount on nearly all groceries, including milk, meat and frozen food. That discount previously applied to fresh produce and most general merchandise items, such as clothing and toys, but only to other food during the holiday season.In a memo to employees obtained by CNBC, Walmart’s chief people officer, Donna Morris, said the…
Moody’s said on Wednesday it had raised Pakistan’s credit rating by one notch to ‘Caa1’ from ‘Caa2’ due to an improving external financial position and it assigned the country a “stable” outlook. The announcement came within hours of Finance Minister Muhammed Aurangzeb saying there was more room for the central bank to cut the country’s key policy rate from 11% on the back of positive economic indicators. “The credit rating’s improvement is a sign that economic policies are heading toward the right direction,” Prime Minister Shehbaz Sharif said in a statement. Also Read: Aurangzeb vows to close tax loopholes, boost…
CoreWeave’s stock dropped 18% after the renter of artificial intelligence data centers reported a bigger-than-expected loss.In its second quarterly financial results as a public company, CoreWeave reported an adjusted loss of 27 cents per share, compared to a loss of 21 cents per share expected by analysts polled by LSEG.CoreWeave’s results came as the lock-up period following its initial public offering is set to expire Thursday evening and potentially add volatility to shares. The term refers to a set period of time following a market debut in which insiders are restricted from selling shares.”We remain constructive long term and are…
US President Donald Trump speaks during the unveiling of the Kennedy Center Honors nominees on August 13, 2025, at the Kennedy Center in Washington, DC. Mandel Ngan | Afp | Getty ImagesPresident Donald Trump on Wednesday shrugged off a question about a new report that Russia is at least partially responsible for hacking the electronic system that manages U.S. federal court case documents.”Are you surprised?” Trump said during a press event at The Kennedy Center.”They hack in, that’s what they do,” he said about Russia.”They’re good at it, we’re good at it, we’re actually better at it.”Revelations of the breach…
At least 73 Palestinians were killed by Israeli forces in Gaza in the past 24 hours, medics said, while two more — including a six-year-old child — died from starvation caused by Israel’s blockade in the enclave. Those killed on Tuesday included 19 aid seekers, as the European Union and 26 countries, including Canada, France and the United Kingdom, condemned the “unimaginable levels” of suffering in Gaza and called for urgent action to halt and reverse the unfolding famine in the war-torn territory, Al Jazeera reported. Survivors of the latest attacks on aid seekers, which took place near the Zikim…
New York Attorney General Letitia James speaks outside New York Supreme Court ahead of former President Donald Trump’s civil business fraud trial on October 2, 2023 in New York.John Lamparski | AFP | Getty ImagesNew York Attorney General Letitia James sued the operator of the Zelle payments network on Wednesday for allegedly enabling fraud, months after the Consumer Financial Protection Bureau dismissed a similar lawsuit.Early Warning Services is the owner and designer of the peer-to-peer money transfer company. An investigation by the Office of the Attorney General found that the company designed Zelle “without critical safety features,” which allegedly allowed…
Listen to article A district court judge in Lahore directed the Federal Investigation Agency (FIA) to proceed under the law if any cognisable offence was made out after receiving the opinion of the Ulema Board on a petition seeking an FIR against former president Dr Arif Alvi over his alleged blasphemous remarks in a video that circulated on social media. However, Additional District and Sessions Judge Shafqat Shahbaz Raja disposed of the petition, filed by Shehzada Adnan through advocate Mudassir Chaudhry, contending that former president Alvi had used alleged blasphemous language in a video circulated on the internet. The FIA, in its…