Author: i2wtc

Block said Thursday it’s laying off more than 4,000 employees, or about half of its head count. The stock skyrocketed more than 24% in extended trading. “Today we shared a difficult decision with our team,” Jack Dorsey, Block’s co-founder and CEO, wrote in a letter to shareholders. “We’re reducing Block by nearly half, from over 10,000 people to just under 6,000, which means that over 4,000 people are being asked to leave or entering into consultation.”Block CFO Amrita Ahuja said the job cuts will position the company “for our next phase of long term growth.””We are choosing to shift how…

A drone photo taken on Feb. 26, 2026 shows China-Europe freight trains waiting for transloading at Suifenhe Railway Station in Suifenhe City, northeast China’s Heilongjiang Province. As of Feb. 26, 2026, the eastern corridor of the China-Europe freight train network has witnessed more than 1,000 train trips on its railway lines this year, breaking the mark 26 days earlier than last year.The eastern corridor consists of three railway ports including Manzhouli, Suifenhe and Tongjiang. The number of operating routes has expanded to 27, linking over 60 Chinese cities with 14 European countries. (Photo by Qu Yiwei/Xinhua)A drone photo taken on…

5G spectrum auction on March 10, bids due by February 27, PTA chairman briefs committee ISLAMABAD: The Ministry of Information Technology’s secretary has dismissed reports of a firewall shutdown as baseless, confirming that the web monitoring system remains fully operational and is being used to comply with court orders. The National Assembly’s Standing Committee on Information Technology and Telecom held a detailed meeting to discuss the upcoming 5G spectrum auction, the status of the web monitoring system (firewall), and IT export-related matters. During the session, the Pakistan Telecommunication Authority (PTA) chairman briefed the committee on the 5G spectrum auction, scheduled…

Michael Intrator, Chief Executive Officer of CoreWeave Inc., speaks during an interview with CNBC on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Sept. 22, 2025.Jeenah Moon | ReutersCoreWeave shares fell as much as 12% in extended trading on Thursday after the artificial intelligence-focused cloud infrastructure provider posted higher fourth-quarter revenue than Wall Street had expected.Here’s how the company did in comparison with LSEG consensus:Loss per share: Loss of 89 cents.Revenue: $1.57 billion vs. $1.55 billion expectedCoreWeave’s revenue grew 110% year over year in the quarter, according to a statement.For all of 2026, the…

The US Court of International Trade in New York, US, on Thursday, April 24, 2025. Bloomberg | Bloomberg | Getty ImagesThe Trump administration’s Department of Justice is nearing its first big legal deadline in the wake of the U.S. Supreme Court ruling that President Donald Trump’s tariffs issued under the International Emergency Economic Powers Act are illegal.The DOJ needs to weigh in by Friday on one of the first legal fights over refunds in which plaintiffs are asking for expedited payment of tariff refunds through the Court of International Trade (CIT), which has typically handled tariff cases.Trade attorneys have told…

FanDuel parent Flutter Entertainment announced fourth-quarter earnings Thursday that missed Wall Street expectations on nearly every metric. FanDuel’s performance in the final quarter of 2025 was affected by bettors losing more often than usual. When that happens, gamblers get discouraged, bet less and stop using the app as frequently, Flutter CEO Peter Jackson told CNBC in an interview.”It’s fair to say, not everything went our way in the fourth quarter,” Jackson said. Shares of Flutter fell almost 7% in extended trading Thursday. Here’s what the company reported for the fourth quarter, compared with Wall Street consensus: Revenue: $4.74 billion vs.…

Corning shares took a breather Thursday from this year’s record-breaking run. While we can’t fault profit-takers after a four-session winning streak of more than 23%, we still see big things for the stock. The industrial-focused tech name dropped roughly 6.5% in afternoon trading after its recent parabolic move higher. However, the stock was still up more than 70% year to date — making it one of the best performers in the S & P 500 and, by far, our top 2026 Club stock. That follows an 84% gain in 2025 and a 56% advance in 2024. That’s a combined gain…

Protesters demand arrest of killers, anti-terrorism clauses in FIR, and martyr package for slain doctor Doctors in Khyber Pakhtunkhwa protesting on Wednesday after the killing of Dr Mehwish Hasnain in Kohat. PHOTO: EXPRESS PESHAWAR: Doctors’ organisations in Khyber-Pakhtunkhwa continued their protests for the fourth consecutive day on Thursday, paralysing outpatient departments and elective services in hospitals across southern districts, Malakand, and Mardan divisions in response to the shocking murder of Dr Mehwish in Kohat. The young doctors, under the banner of the Young Doctors Association (YDA), along with the Provincial Doctors Association, staged demonstrations outside hospitals, holding banners demanding the…

Dario Amodei, co-founder and chief executive officer of Anthropic, during the company’s Builder Summit in Bengaluru, India, on Monday, Feb. 16, 2026. Samyukta Lakshmi | Bloomberg | Getty ImagesAnthropic CEO Dario Amodei on Thursday said the company “cannot in good conscience” agree to allow the Department of Defense to use its models in all lawful use cases without limitation, adding that the agency’s threats do not change its position. The artificial intelligence startup has been engaged in tense negotiations with the Pentagon in recent weeks, and it said Thursday that those discussions are still ongoing. Defense Secretary Pete Hegseth has…

The Paramount logo is shown on a structure at the company’s studio lot in Hollywood, Los Angeles, Feb. 26, 2026.Mike Blake | ReutersWarner Bros. Discovery said Thursday it’s valued Paramount Skydance’s latest takeover offer as superior to a deal with Netflix, another twist in the ongoing battle for the legacy media assets. Netflix will have four business days to make changes to its own proposal, the WBD board said in a statement.Earlier this week, Paramount raised its offer to $31 per share, up from $30 per share, all cash. It was the latest amendment to Paramount’s multiple offers in recent…