Author: i2wtc

Nurphoto | Nurphoto | Getty ImagesElon Musk is now a driving force in prediction markets.Musk’s xAI on Thursday announced a partnership to integrate its artificial intelligence chatbot Grok with Kalshi’s prediction markets service. In June, xAI announced a similar deal with Polymarket, a Kalshi rival.Kalshi, the company that turned heads with a made-with-AI commercial during the NBA Finals this year, said Grok will be hosted on its platform and “provide helpful context on developments and fluctuations in market prices.”In May, Grok made headlines when it provided unsolicited context to users on X about “white genocide” in South Africa. Earlier this month,…

Thailand has rejected mediation efforts from a third country to end the ongoing conflict with Cambodia, insisting that Phnom Penh cease attacks and resolve the dispute solely through bilateral talks, the Thai Foreign Ministry said on Friday. This follows Thursday’s deployment of an F‑16 fighter jet, which bombed a military target in Cambodia after artillery volleys from both sides killed at least 11 civilians in the latest escalation of border clashes. Read: Thai fighter jet bombs Cambodia Moreover, the United States, China, and Malaysia—the current chair of the ASEAN regional bloc—have all offered to facilitate dialogue. However, Thai Foreign Ministry spokesperson…

Tesla has opened the doors to its first diner Supercharger station in Los Angeles.CEO Elon Musk first teased the concept of building a drive-in themed charging station in 2018. On Monday, that vision was finally realized. Tesla describes the two-story restaurant, constructed of a steel exterior inspired by the Cybertruck, as retro-futuristic. It features 80 charging stalls and two 66-foot megascreens playing a rotation of short films, feature-length movies and Tesla videos.The diner operates 24/7 serving classic American comfort food, such as burgers, grilled cheese sandwiches and milkshakes, to both electric vehicle owners charging their cars and the general public.…

Listen to article ISLAMABAD: Standard & Poor’s (S&P) credit rating agency on Thursday upgraded Pakistan’s rating by a notch to B negative, which is better than the previous standing but still two positions below investment grade. The revision was made due to the implementation of reforms and a reduction in sovereign default risks. S&P Global Ratings raised Pakistan’s long-term sovereign credit rating from CCC+ to B- after a gap of two and a half years, according to an announcement made by the agency, one of the three largest global credit rating firms. It also assigned a stable outlook to Pakistan. The upgrade…

A bipartisan bill introduced in Congress this week would create a new tax incentive for public companies to distribute stock to their rank-and-file employees.The new SHARE Act would give a 3 percentage point discount on the corporate tax rate to large companies that distribute at least 5% of their stock to the lowest paid 80% of employees. It is cosponsored by eleven members of the tax-writing Ways and Means Committee, both Republicans and Democrats.”The bottom line is that right now in America, the top 10% of wealthy people in the country own 93% of the stock, and the lowest 50%…

Listen to article ISLAMABAD: Pakistan said on Thursday that the International Monetary Fund (IMF) did not allow it to abolish the additional 4% sales tax being collected from unregistered persons and instead linked the removal with a one-fourth increase in sales tax base. The supposedly punitive 4% extra tax is now a way of remaining outside the tax net as businesses feel comfortable with paying the additional tax and then recovering it through prices, instead of becoming part of the tax net. The IMF rejected a proposal to abolish 4% sales tax and asked to first register 50,000 more persons in the…

Lip-Bu Tan, Chief Executive Officer of Intel, appears at an event organized by the company. Andrej Sokolow | Picture Alliance | Getty ImagesIntel’s stock dropped 9% after the chipmaker said it would slash foundry costs in its latest attempt to turnaround its struggling business.Concerns about where that leaves Intel’s chip manufacturing business overshadowed a better-than-expected earnings report late Thursday. Intel beat on revenue and issued a sales forecast for the third quarter that also topped estimates. The company reported adjusted earnings of 10 cents per share, topping the average analyst estimate of a penny, according to LSEG.CEO Lip-Bu Tan, who…

Senator Faisal Vawda has strongly criticised a “Federal Board of Revenue (FBR) officer over mistreatment of the public” and demanded the officer’s immediate dismissal, not suspension. The senator’s reaction came on viral video making rounds on social media depicting an official in Karachi traffic police uniform intercepting an unregistered vehicle bearing the FBR logo and no number plate.  In a tweet shared on X, Vawda expressed disappointment that “neither the Prime Minister, nor the Finance Minister, nor the FBR Chairperson had yet taken action against the official”. He noted he had maintained strong working relations with them for the country’s progress. https://x.com/FaisalVawdaPTI/status/1948688022888755287…

Ups and Downs by KAWS, estimated£30000-£50000, on display during a preview at the Phillips showroom in central London, ahead of their forthcoming Evening and Day Editions auction. Picture date: Friday January 17, 2025. (Photo by Ian West/PA Images via Getty Images)Ian West – Pa Images | Pa Images | Getty ImagesA version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.Auction sales have been declining for the third year in a row, as dealers, auctioneers and collectors ponder a…

Chinese President Xi Jinping delivers a speech after receiving the credentials of 16 new ambassadors to China at the Great Hall of the People in Beijing, capital of China, July 25, 2025. (Xinhua/Xie Huanchi)BEIJING, July 25 (Xinhua) — Chinese President Xi Jinping received the credentials of 16 new ambassadors to China in Beijing on Friday.The ambassadors are:– Pham Thanh Binh from Vietnam– Miguel Lecaro Barcenas from Panama– Jose Julio Gomez Beato from the Dominican Republic– Riza Poda from Albania– Jonathan Edward Austin from New Zealand– Thaddeus Kambanei from Papua New Guinea– Dalva M. C. R. Allen from Angola– Khaled Nazmy…