Author: i2wtc
Cash App’s new Pools feature lets users set a group funding goal, name the pool, and invite contributors.Courtesy: Cash AppCash App is going on the offensive in peer-to-peer payments.The Block-owned payments platform on Tuesday unveiled Pools, a new peer-to-peer feature designed to make group payments simple. It’s the company’s first major P2P product launch in nearly two years.”This is the first time we’re going into out-of-network payments with Pools,” said Owen Jennings, Block’s head of business, referring to the feature’s ability to accept contributions via Apple Pay or Google Pay from people who aren’t on Cash App.Pools allows users to…
Commerce Secretary Howard Lutnick insisted Tuesday that President Donald Trump’s upcoming Friday deadline to impose major tariffs on a slew of trading partners won’t be delayed any further.But trade negotiations with China — the latest round of which are currently taking place in Stockholm, Sweden — are progressing on a separate timeline, Lutnick noted on CNBC’s “Squawk Box.””We have our own team working with China. They’re their own thing,” he said. “But for the rest of the world, we’re going to have things done by Friday.””August 1 is the date that we’re setting all these rates, and they are off to…
Procter & Gamble on Tuesday reported quarterly results that beat Wall Street’s expectations, but introduced fiscal year 2026 guidance that included a $1 billion pre-tax hit due to higher costs from tariffs.”We grew sales and profit in fiscal 2025 and returned high levels of cash to shareowners in a dynamic, difficult and volatile environment,” said CEO Jon Moeller in a news release.CFO Andre Schulten said during a media call that there will be mid-single-digit price increases affecting about a quarter of P&G’s items during the first quarter of fiscal 2026 due to tariffs and innovation.He added on a call with…
ISLAMABAD: A Supreme Court bench has listed for hearing the appeals filed by former prime minister Imran Khan against dismissal of his bail applications in the May 9 rioting cases by the Lahore High Court (LHC). A division bench comprising Chief Justice of Pakistan (CJ) Yahya Afridi and Justice Muhammad Shafi Siddiqui will take up the appealseight in totalat 9:30 am today (Tuesday). A division bench of the LHC led by Justice Shahbaz Ali Rizvi on June 24 held that Imran was allegedly involved in the conspiracy to attack military installations in the event of his arresta conspiracy, which the…
The nose cone of a Boeing 787 being displayed on the tarmac during the Paris Air Show at Le Bourget Airport, outside Paris, June 25, 2023.Nicolas Economou | Nurphoto | Getty ImagesBoeing slashed its quarterly losses as sales jumped after it delivered the most airplanes since 2018, the clearest sign yet of improvement at the manufacturer that has swung from crisis to crisis for years.Here’s how Boeing performed in the second quarter, compared with estimates compiled by LSEG:Loss per share: $1.24 adjusted vs a loss of $1.48 expectedRevenue: $22.75 billion vs $21.84 billion expectedThe aerospace giant lost $176 million in the three months ended June…
Members of the Chinese People’s Liberation Army conduct disaster relief work at night in Jizhou District of north China’s Tianjin, July 28, 2025. The Chinese People’s Liberation Army, the People’s Armed Police Force and local militias have deployed troops to join disaster relief efforts in China’s flood-stricken areas.Recently, persistent heavy rainfall has battered eastern, northern and northeastern China, triggering floods and geological disasters that have resulted in significant casualties and property damage. (Photo by Di Bowen/Xinhua)Members of the Chinese People’s Liberation Army and the local militia transfer an injured senior citizen in Xiaying Town, Jizhou District of north China’s Tianjin,…
ISLAMABAD: Pakistan and Bangladesh have pledged to strengthen bilateral relations after Deputy Prime Minister and Foreign Minister Ishaq Dar met with Bangladesh’s Adviser on Foreign Affairs, Touhid Hussain, on the sidelines of the International Conference on the Two-State Solution at the United Nations in New York on Monday. This marks the fourth high-level interaction between the two countries since October 2024, indicating a renewed momentum in Pakistan-Bangladesh ties following years of strain. According to a statement issued by the Foreign Office, the two leaders conducted a comprehensive review of bilateral relations and reaffirmed their shared commitment to enhancing political, economic…
PayPal reported better-than-expected results for the second quarter but saw slowing growth in transaction margin dollars, a key measure of profitability. The stock slipped more than 5% following the report.Here’s how the company did compared with Wall Street estimates, based on a survey of analysts by LSEG:Earnings per share: $1.40 adjusted vs. $1.30 expectedRevenue: $8.29 billion vs. $8.08 billion expectedSales increased 5% from $7.89 billion a year earlier, as CEO Alex Chriss worked to roll off lower-margin revenue streams.Transaction margin dollars rose 7% to $3.84 billion, marking the company’s sixth straight quarter of growth.Growth in that metric slowed sequentially, down from 8%…
Rare earths refer to 17 elements on the periodic table whose atomic structure gives them special magnetic properties. They’re also the most important bargaining chip in the U.S. and China trade war.That’s because these rare earth magnets power everything from electric vehicles and wind turbines to defense equipment, data centers and high-tech consumer electronics. The United States used to be an industry leader of rare earth production, but for the last several decades, the U.S. and the rest of the world have largely depended on China for the majority of their rare earths — China mines around 70% and processes around…
ISLAMABAD: The Election Commission of Pakistan (ECP) on Monday disqualified Senator Ejaz Ahmad Chaudhary, National Assembly Member (MNA) Mohammad Ahmed Chattha, and Punjab Assembly Member (MPA) Ahmad Khan Bhachar, following their conviction by anti-terrorism courts (ATCs). The ECP disqualified the three lawmakers from the Pakistan Tehreek-e-Insaf (PTI) under Article 63 (1) H of the Constitution, according to two notifications issued here. Following the disqualification, the ECP declared three seats vacant, which would be filled through by-elections. “ln pursuance of order dated 22.07.2025 passed by the Court of Muhammad Naeem Sheikh, Special Judge, Anti-Terrorism Court Sargodha, in case No.2606/SC/20.06.2023, Trial No.1003fl/ATC/26.08.2024…