Author: i2wtc

Key PointsPrivate investment firms of the ultra wealthy made 375 direct investments in the first half of 2025, a 32% annual drop, according to Fintrix.Family offices are still showing interest in hard assets needed by AI, such as data centers, and are also looking abroad.Family office experts told CNBC that firms have capital they need to deploy but are waiting for clarity around tariffs and geopolitics.A 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. Investment…

Packages ride on a conveyor belt during Cyber Monday at an Amazon fulfillment center on December 2, 2024 in Orlando, Florida.Miguel J. Rodriguez Carrillo | Getty ImagesAmazon is turning to the startup world to find a potential fix for one of its thorniest logistics problems.Retailers of all sizes have in recent years struggled with an uptick in fraudulent returns. The scam involves shoppers requesting a refund, but instead of returning the merchandise, they keep the item and send back an empty package or a box of unrelated junk.It’s become a costly nuisance for retailers, accounting for $103 billion in losses…

Pakistan Cricket Board (PCB) Chairman and Asian Cricket Council (ACC) President Mohsin Naqvi on Thursday addressed the council’s annual general meeting in Dhaka, calling for participating nations to “put aside all political differences and work just for cricket”. The meeting, hosted by the Bangladesh Cricket Board (BCB), comes ahead of the Asia Cup tournament, scheduled to be hosted by India in September. The tournament remains in limbo amid strained India-Pakistan ties following a military encounter in May. On Wednesday, Hindustan Times reported that the Board of Control for Cricket in India (BCCI), reversing an earlier decision, would attend the Asian…

American Airlines shares slumped Thursday after the carrier’s third-quarter profit forecast fell short of Wall Street’s expectations and it reinstated its 2025 financial forecast well below its outlook at the start of the year.CEO Robert Isom told CNBC’s “Squawk Box” that the results are driven by consumer weakness, flat corporate travel demand that continued into the start of the summer and operational problems from a series of storms.”July’s been a tough month … because of the domestic consumer weakness,” Isom said.Demand appears better in the coming months, he said, and American is scaling back its capacity growth.Delta Air Lines and…

Visitors look at Volkswagen cars at the 21st Shanghai International Automobile Industry Exhibition in east China’s Shanghai, May 1, 2025. (Xinhua/Fang Zhe)BEIJING, July 24 (Xinhua) — Amid growing global environmental challenges, China and the European Union (EU) are stepping up cooperation in sustainable development and green transition, underscoring their shared commitment to sustainable growth and climate action.With both sides aiming for ambitious carbon neutrality goals — 2060 for China and 2050 for the EU — their deepening partnership is widely seen as a powerful force in advancing global decarbonization efforts.The China-EU joint green initiatives now span clean energy, green technology…

Listen to article THE HAGUE: The United Nations’ highest court on Wednesday said countries must address the “urgent and existential threat” of climate change by cooperating to curb emissions, as it delivered an opinion set to determine future environmental litigation. The International Court of Justice said failure by countries to meet their climate obligations could, in specific cases, lead other states affected by climate change to litigate. The opinion by the ICJ, also known as the World Court, was immediately welcomed by environmental groups. Legal experts said it was a victory for small island and low-lying states that had asked the court…

Listen to article RAWALPINDI: An Anti-Terrorism Court (ATC) on Wednesday decided to fast-track proceedings in three high-profile cases linked to the Pakistan Tehreek-e-Insaf’s (PTI) November 26, 2024 protest at D-Chowk, Islamabad. The cases, registered at Naseerabad, Wah Cantt and Sadiqabad police stations, will now be heard on an urgent basis. To facilitate this, the court cancelled the summer vacation of ATC Judge Amjad Ali Shah, who returned early from his leave to resume duties. On Wednesday, Judge Shah accepted a request from the public prosecutor for early hearings and issued notices to all accused, including PTI founder Imran Khan, his wife Bushra…

Elon Musk, during a news conference with President Donald Trump, inside the Oval Office at the White House in Washington on May 30, 2025.Tom Brenner | The Washington Post | Getty ImagesTesla shares fell 6% in premarket trading on Thursday after the company reported a second straight quarter of declining automotive sales.Elon Musk’s electric carmaker reported a top and bottom line miss on second-quarter results, noting that automotive revenue fell 16% year-on-year to $16.7 billion.On an earnings call, Musk said Tesla “probably could have a few rough quarters” ahead as a result of the expiration of federal electric vehicle tax…

The United States Olympic & Paralympic Committee (USOPC) has barred transgender women from competing it women’s sports in an update its policy that aligns with an executive order signed earlier this year by US President Donald Trump. “The USOPC will continue to collaborate with various stakeholders with oversight responsibilities, eg, IOC, IPC, NGBs, to ensure that women have a fair and safe competition environment consistent with Executive Order 14201 and the Ted Stevens Olympic & Amateur Sports Act,” the USOPC said in an update to its Athlete Safety Policy. The USOPC did not respond to a request for comment on…

Eli Manning is not only an investor in XTECH but he wore their shoulder pads during his playing days.Evan Pinkus/XTECHTwo-time Super Bowl MVP Eli Manning may have hung up his shoulder pads, but he’s still taking interest in the gear.The former New York Giants quarterback on Thursday announced he has invested in sports protective equipment maker XTech.Manning, who wore XTech shoulder pads during his playing days, said he took a stake in the company because he believes in the product and wants to make sure that youth athletes have the same high-level safety equipment that NFL players have.”They’ve [XTech] gone…