Author: i2wtc

Airbnb reported second-quarter results on Wednesday that beat analysts’ expectations.Here’s how the company did based on average analysts’ estimates compiled by LSEG:Earnings per share: $1.03 vs. 93 cents expectedRevenue: $3.10 billion vs. $3.04 billion expectedRevenue increased 13% from $2.75 billion during the same period last year. The company reported net income of $642 million, or $1.03 per share, up from $555 million, or 86 cents per share, a year earlier.In the third quarter, Airbnb expects to report revenue of $4.02 billion to $4.10 billion, or $4.06 billion in the middle of the range. Analysts were expecting $4.05 billion for the period,…

President Donald Trump has tried to justify firing former Bureau of Labor Statistics Commissioner Erika McEntarfer by claiming that her agency’s gold standard employment reports were “rigged” in order to harm him politically.Trump has provided no evidence to support his allegation. Nonetheless, he has repeatedly claimed that the BLS issued “phony” strong-looking jobs numbers during the last year of the Biden administration, only to revise them sharply downward right after the 2024 presidential election.”Just days before the [Nov. 5 presidential] election, they put out numbers that it was like the country was on fire,” Trump claimed Tuesday morning on CNBC’s…

Listen to article After five rounds of trade negotiations, Indian officials were so confident of securing a favourable deal with the United States that they even signalled to the media that tariffs could be capped at 15%. Indian officials expected US President Donald Trump to announce the deal himself weeks before the August 1 deadline. The announcement never came. New Delhi is now left with the surprise imposition of a 25% tariff on Indian goods from Friday, along with unspecified penalties over oil imports from Russia, while Trump has closed larger deals with Japan and the EU, and even offered better terms to…

U.S. President Donald Trump speaks as Apple CEO Tim Cook gestures, as they present Apple’s announcement of a $100 billion investment in U.S. manufacturing, while U.S. Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick stand in the Oval Office at the White House in Washington, D.C., U.S., August 6, 2025. Jonathan Ernst | ReutersApple CEO Tim Cook and President Donald Trump on Wednesday announced Apple will spend an additional $100 billion on U.S. companies and suppliers over the next four years.The company said its investment would incentivize overseas companies to buy more U.S.-made parts. The commitment is on top…

FILE PHOTO: U.S. President Donald Trump and Russian President Vladimir Putin hold a bilateral meeting at the G20 leaders summit in Osaka, Japan, on June 28, 2019.Kevin Lamarque | ReutersU.S. President Donald Trump plans to meet in person with Russian President Vladimir Putin as early as next week, the New York Times reported on Wednesday, citing two people familiar with the plan.Trump then plans to meet with Putin and Ukrainian President Volodymyr Zelenskiy together, the newspaper reported, adding that the plans were disclosed in a call with European leaders on Wednesday.”The Russians expressed their desire to meet with President Trump, and the President is open to meeting with both President Putin and President Zelenskiy. President Trump wants this brutal war…

E.l.f. Beauty’s profits fell 30% in its fiscal first quarter as new tariffs on Chinese imports begin to affect the cosmetic company’s bottom line.In the three months that ended on June 30, E.l.f.’s net income fell to $33.3 million, down 30% from $47.6 million a year ago. The company, which sources about 75% of its products from China, also declined to provide a full-year revenue guide, citing the “wide range of potential outcomes” related to the new duties. Instead, the company only issued guidance for the first half of the fiscal year. E.l.f. said it is expecting sales growth to be…

Listen to article LAHORE: The Lahore High Court (LHC) has ruled that delays in appeals against convictions can only be excused when a sufficient and reasonable cause is demonstrated. Relying on the incorrect forum does not meet the legal requirements for delay condonation. The ruling came during the hearing of a case where a convict had filed an appeal against his conviction in the district court, ignoring the requirement that such appeals, under the Punjab Food Authority Act, 2011 (amended in 2015), should be filed directly with the LHC. The key legal question before the court was whether the appellant’s decision to…

Listen to article The Pakistan Navy and Turkish Navy have successfully concluded their first bilateral amphibious exercise, marking a significant step towards enhancing maritime cooperation and operational coordination between the two allies. In a statement issued by the Directorate General Public Relations (Pak Navy) on Wednesday, the exercise was described as a “milestone” in strengthening interoperability and strategic alignment in the maritime domain. The joint exercise featured a wide range of training modules, including combat firing techniques, amphibious operations, convoy escorting drills, and military manoeuvres in urban terrain. PN & Turkish Navy successfully concluded 1st Bilateral Amphibious Ex significant milestone in strengthening…

Super Micro Computer shares plunged 20% on Wednesday after the company posted weaker-than-expected fiscal fourth quarter results, dented in part by President Donald Trump’s tariffs.CEO Charles Liang told investors on a conference call that the company has “taken measures to reduce the impact” of the tariffs.”With respect to the tariffs, the situation is dynamic,” CFO David Weigand said on the investor call. “We’re actively monitoring the tariff environment. We know there’s news coming out next week. If we have any updates, we’ll share it with you, but we can only watch and react as every other business is.”Super Micro reported…

Pakistan lost by 11 runs to Ireland on Wednesday in the first Twenty 20 International (T20I) of their series in Dublin. Skipper Fatima Sana was the pick of the bowlers for the Green Shirts at the Clontarf Cricket Club Ground, getting a career-best 4-26 as the team looked to kickstart a packed international calendar — featuring two white-ball World Cups — with a winning performance after bowling the Irish side out for 142. However, that was not meant to be, as the Irish side restricted the visitors to 131 in their chase, with all-rounder Orla Prendergast being adjudicated player of…