Author: i2wtc
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.Senior living has long been a somewhat under-the-radar real estate play, with a somewhat unappealing reputation. But it is on the edge of a boom — a baby boom to be exact. More than 4 million boomers will hit 80 in the next five years, and occupancy at both active adult and…
KARACHI: At least seven people were killed in Karachi on Tuesday after heavy monsoon rains battered the city, flooding neighbourhoods, paralysing traffic and knocking out power, prompting the mayor to enforce a rain emergency. Sindh Governor Kamran Tessori held a telephonic conversation with Deputy Prime Minister Ishaq Dar to brief him on the situation arising from recent heavy rains in Karachi. During the call, he informed the DPM about the challenges caused by urban flooding and requested the federal government’s support in improving conditions in the city. Dark clouds covered the city by afternoon, followed by heavy showers with strong…
Apple has reportedly boosted iPhone production in India as the country faces pressure from the White House over its Russian oil purchases.”We have planned to up the tariffs on India,” Treasury Secretary Scott Bessent told CNBC’s “Squawk Box” on Tuesday. “These are secondary tariffs for buying the sanctioned Russian oil.”Bessent accused India of “profiteering” by purchasing cheap Russian oil and reselling it during the Ukraine war, “which is unacceptable.”Earlier this month, President Donald Trump hiked tariffs on India to 50%. The president said in July that he would impose secondary tariffs “at about 100%” on Russia’s trading partners if a peace…
Commerce Secretary Howard Lutnick said Tuesday that Intel must give the U.S. government an equity stake in the company in return for CHIPS Act funds.”We should get an equity stake for our money,” Lutnick said on CNBC’s “Squawk on the Street.” “So we’ll deliver the money, which was already committed under the Biden administration. We’ll get equity in return for it.”Shares of the struggling chipmaker climbed 7% Tuesday, continuing to rally on recent reports that the Trump administration is weighing different ways to get involved with the company.Bloomberg reported Monday that the White House was discussing a 10% stake in…
U.S. President Donald Trump presents a sweeping spending and tax legislation, known as the “One Big Beautiful Bill Act,” after he signed it, at the White House in Washington, D.C., U.S., July 4, 2025.Leah Millis | ReutersS&P Global said it expects “meaningful” federal government revenue from President Donald Trump’s broad tariff policies to “generally offset weaker” revenue expected from Trump’s recently enacted major tax-and-spending bill.S&P Global cited that outlook on Monday as it maintained its AA+ rating on long-term U.S. sovereign debt and its A-1+ rating on “short-term unsolicited sovereign credit.”But the company warned, “We could lower the rating over…
The logo of Robinhood Markets is seen at a pop-up event on Wall Street after the company’s initial public offering in New York City on July 29, 2021.Andrew Kelly | ReutersRobinhood announced Tuesday that the online broker is launching new prediction markets for professional and college-level football.Customers will now be able to trade on the outcomes of “the most popular” NFL and college football games on the Robinhood app. Robinhood said those games would include regular season pro matchups and all college Power Four schools games.The prediction markets are currently rolling out, according to Robinhood, and will be available to…
A Lijian-1 Y10 carrier rocket with seven satellites onboard blasts off from a commercial aerospace innovation pilot zone in northwest China, Aug. 19, 2025. (Photo by Wang Jiangbo/Xinhua)JIUQUAN, Aug. 19 (Xinhua) — China on Tuesday launched the Lijian-1 Y10 carrier rocket with seven satellites onboard.The rocket blasted off at 3:33 p.m. (Beijing Time) from a commercial aerospace innovation pilot zone in northwest China and successfully sent the satellites into planned orbit.The Lijian-1 rocket has successfully and precisely delivered a total of 70 satellites into their preset orbits, with the total mass of the payloads exceeding 7 tonnes, according to Hu…
SWABI: Flash floods triggered by a powerful cloudburst and lightning struck the remote mountainous region of Gadoon-Amazai in Swabi district, Khyber-Pakhtunkhwa (K-P) early Monday, leaving at least 25 people dead and 35 others injured. Entire villages were submerged as torrential waters swept away homes, livestock, and infrastructure, adding to the mounting toll of this year’s devastating monsoon season. “A cloudburst in Swabi completely destroyed several houses,” a district official told AFP. According to locals, the sudden surge of gushing water destroyed dozens of houses in Dalori Bala, Sarkoi Payan, and Karnal Sher Kallay villages, burying families under mud and rubble.…
ISLAMABAD: The National Judicial Policy-Making Committee (NJPMC) has approved uniform timelines for the disposal of various categories of civil and criminal cases under a new regime aimed at ensuring speedy justice and reducing case backlogs. The 54th meeting of the NJPMCconvened on Monday at the Supreme Court of Pakistan under the chairmanship of Chief Justice of Pakistan (CJP) Yahya Afridideliberated on key policy issues, while reviewing implementation status of the decisions taken in its 53rd meeting. The meeting was attended by the chief justices of all the high courts, while Attorney General for Pakistan (AGP) Mansoor Usman Awan attended on…
Jaque Silva | Nurphoto | Getty ImagesJeff Wang got a big promotion last month. There were lots of tears, but not the happy kind.The 39-year-old was unexpectedly named interim CEO of artificial intelligence coding startup Windsurf. The company had been in discussions with OpenAI about a potential acquisition that would have resulted in a handsome payday for many employees. But the talks fell apart and, on July 11, several founders and top researchers instead left to join Google as part of a $2.4 billion licensing deal. As one of the highest-ranking executives remaining at Windsurf, Wang was elevated to the top…