Author: i2wtc

Meta CEO Mark Zuckerberg holds a smartphone, as he makes a keynote speech at the Meta Connect annual event, at the company’s headquarters in Menlo Park, California, U.S. September 25, 2024.Manuel Orbegozo | ReutersMeta shares jumped 10% after the company reported second-quarter earnings on Wednesday that beat on revenue. Here’s how the company did, compared with estimates from analysts polled by LSEG:Earnings per share: $7.14 vs. $5.92 expectedRevenue: $47.52 vs. $44.80 billion expectedMeta said that third-quarter sales will come in the range $47.5 billion to $50.5 billion, ahead of Wall Street estimates of $46.14 billion.The company said that capital expenditures…

U.S. Treasury Secretary Scott Bessent attends a press conference at government quarters Rosenbad after the trade talks between the U.S. and China concluded, in Stockholm, Sweden, July 29, 2025. Magnus Lejhall | TT | Via ReutersTreasury Secretary Scott Bessent on Wednesday urged corporate America, investors and U.S. trade partners “not to panic” if tariff rates surge on Aug. 1 because deals have not been reached yet, saying that countries “can still do a deal” after President Donald Trump’s deadline expires.”You’re just going to go back to your April 2 reciprocal tariff level,” Bessent said at a policy event with hardline…

Microsoft CEO Satya Nadella speaks at an event commemorating the 50th anniversary of the company at Microsoft headquarters in Redmond, Washington, on , April 4, 2025.David Ryder | Bloomberg | Getty ImagesMicrosoft is scheduled to report fiscal fourth-quarter results after markets close on Wednesday.Here’s what analysts are expecting, according to LSEG consensus:Earnings per share: $3.37Revenue: $73.81 billionThe estimates imply around 14% year-over-year revenue growth for Microsoft, the world’s No. 2 company by market cap. Revenue in the same period a year earlier came in at $64.73 billion.Like technology rivals Alphabet and Amazon, Microsoft has been rushing to add data center…

Copper pipes are displayed in a home rebuilding store on July 9, 2025 in New York City.Spencer Platt | Getty ImagesPresident Donald Trump on Wednesday signed on order imposing a universal 50% tariff on copper imports, the latest metal he has targeted with a steep import tax.U.S. copper prices plunged as much as 18% in after-hours trading as soon as the White House announced the new tariff rate. Copper miners Freeport-McMoRan and Southern Copper were down about 10% and more than 6%, respectively.The sell-off, if it holds through Thursday’s trading session, will mark the metal’s largest single-day decline since 1989.The…

The Ford display is seen at the New York International Auto Show on April 16, 2025.Danielle DeVries | CNBCFord Motor is set to report its second-quarter earnings after the markets close Wednesday as investors watch for any changes to its full-year guidance, which the automaker suspended in May due to President Donald Trump’s auto tariffs.Ford at that time predicted a $2.5 billion impact from tariffs this year but said it would be able to offset $1 billion of that total through mitigation efforts.Trump’s 25% tariffs on imported vehicles and many auto parts remain in effect. While the Trump administration has…

Listen to article Khyber-Pakhtunkhwa (K-P) Chief Minister Ali Amin Gandapur has reiterated his commitment to eliminating terrorism and its facilitators in the region, stressing that security forces are the guests of the nation and must be protected from harm, any attack on them will be met with a strong response. “Our forces are our guests, and we will never tolerate any harm coming to them. Our ancestors taught us to protect our guests, and our security forces have given their lives for the country,” he said in a video message following an Apex Committee meeting on Wednesday. CM Gandapur called for a united…

Geothermal energy has been used for thousands of years, powering heating systems as early as the 14th century. It’s getting a big upgrade.Beyond geothermal, there’s superhot geothermal, which uses ultra-deep drilling to access extremely hot rocks, extracting 5 to 10 times more power per well.Quaise Energy, a  Massachusetts-based startup, is in the market developing the technology, which involves an electromagnetic beam that vaporizes rock. The company’s systems are able to reach superhot geothermal energy up to 12 miles below the service of the earth.Temperatures that deep can reach 500 degrees Celsius, or over 930 degrees Fahrenheit.”To access the resource at…

The Pakistani veterans team advanced into the World Championship of Legends (WCL) final on Wednesday after Indian players forfeited the semi-final scheduled for Thursday. The WCL is an international cricket league where retired, non-contracted international players return to competitive T20 cricket, according to the league’s website. The tournament commenced on July 18 and is being held in Birmingham, England. Earlier in the month, a group match between the two teams was also cancelled after Indian players, including Shikhar Dhawan, refused to play against Pakistan. In a statement posted on X today, WCL organisers announced: “Taking all factors into consideration, the…

Andy Wiederhorn, former Fatburger CEO.CNBCThe Justice Department is dropping its case against Fat Brands and its chair Andy Wiederhorn.In May 2024, the company and Wiederhorn were indicted by a federal grand jury in Los Angeles on charges of wire fraud, tax evasion and other counts related to what prosecutors alleged was a “sham” loan scheme that netted Wiederhorn $47 million.On Tuesday, federal prosecutors filed to dismiss all charges against Wiederhorn, two other people and the restaurant company that owns Fatburger, Johnny Rockets and Great American Cookies.Wiederhorn has maintained his innocence since he was indicted. He was previously convicted about two decades ago…

Listen to article A powerful magnitude 8.8 earthquake off Russia’s far eastern Kamchatka Peninsula triggered 4-metre (13-foot) tsunami waves and sparked evacuation orders across the Pacific on Wednesday. The shallow earthquake damaged buildings and injured several people in the remote Russian region, while much of Japan’s eastern seaboard – devastated by a 9.0 magnitude earthquake and tsunami in 2011 – was ordered to evacuate. In Hawaii, coastal residents were told to get to high ground or the fourth floor or above buildings, and the US Coast Guard ordered ships out of harbours as the tsunami approached. “Take Action! Destructive tsunami waves expected,”…