Author: i2wtc

An Electron rocket launches the Baby Come Back mission from New Zealand on July 17, 2023.Rocket LabRocket Lab stock soared 8% Monday, building on a strong run fueled by space innovation.Shares of the space infrastructure company have nearly doubled over the last two months following a slew of successful launches and a deal with the European Union. The stock is up 63% year to date after surging nearly sixfold in 2024.Last month, Rocket Lab announced a partnership with the European Space Agency to launch satellites for constellation navigation before December. Rocket Lab also announced the successful launch of its 66th,…

U.S. President Donald Trump, flanked by Vice President JD Vance and U.S. Secretary of State Marco Rubio, meets with NATO Secretary General Mark Rutte in the Oval Office at the White House in Washington, D.C., U.S., July 14, 2025.Nathan Howard | ReutersPresident Donald Trump on Monday threatened to impose “secondary tariffs” on Russia’s trade partners “at about 100%” if President Vladimir Putin does not agree to a deal to end his invasion of Ukraine in 50 days.”We’re very, very unhappy with them, and we’re going to be doing very severe tariffs, if you don’t have a deal in 50 days,…

Private jets parked at the Friedman Memorial Airport during the Allen & Company Sun Valley Conference on July 10, 2025 in Sun Valley, Idaho. Kevin Dietsch | 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.The new federal spending bill is expected to boost sales of private jets, as owners take advantage of faster write-offs of the purchase price.Jet brokers and advisors said they’ve seen a burst of activity from clients who were holding off on…

Listen to article The International Federation of Journalists (IFJ) has called on the Supreme Court of Pakistan to urgently review the Prevention of Electronic Crimes Act (PECA), citing what it says are escalating threats to press freedom and the safety of journalists in the country. In a letter addressed to Chief Justice — and also sent to the prime minister, the chief justice of the Islamabad High Court, and the president of the Pakistan Federal Union of Journalists (PFUJ) — the IFJ said that media professionals in Pakistan are facing mounting dangers while performing their professional duties. Earlier this year, the National…

England beat India by 22 runs to win a thrilling third Test at Lord’s on Monday as they went 2-1 up in a five-match series. India were on the brink of defeat at 147-9, still needing a further 46 runs to reach a victory target of 193, when last man Mohammed Siraj joined Ravindra Jadeja in the middle. Nevertheless, the pair batted on until after tea on the final day to give India hope of an improbable win. But with India in sight of just their fourth win in 20 Tests at Lord’s, Siraj played on to off-spinner Shoaib Bashir…

White House economic advisor Kevin Hassett speculated Monday that new tariff policies are not yet sparking widespread price inflation because President Donald Trump has convinced more people to buy American.”There’s, I think, a lot of patriotism in the data,” Hassett said on CNBC’s “Squawk Box” when he was asked to explain why Trump’s protectionist policies have not stoked higher prices, despite warnings by many economists.The National Economic Council director pointed to a recent White House report, which found prices of imported goods fell between December and May.”My theory, as an economist, of why that is, is that Americans, because of…

A sign is posted in front of a home for sale in San Rafael, California, on Aug. 7, 2024.Justin Sullivan | Getty ImagesOver-inflated home prices, high mortgage rates, rising supply and falling demand are all joining forces to cool the nation’s housing market.Annual home price growth in June was just 1.3%, down from 1.6% growth in May and the slowest rate in two years, according to ICE, a mortgage technology firm.Nearly one third of the largest 100 markets are now showing annual price declines of at least a full percentage point from recent highs, and the trend suggests more markets…

Listen to article Prime Minister Shehbaz Sharif said expanding Pakistan’s tax base and easing the burden on lower-income citizens were among the government’s top priorities as he reviewed the Federal Board of Revenue’s (FBR) ongoing digitisation and reform efforts. Chairing a high-level meeting on Monday, Sharif praised the launch of simplified Urdu-language tax returns and called for the establishment of a helpline to assist the public in filing returns. “In tax reforms, the focus should remain on the convenience of the common man,” he said. He directed authorities to ensure third-party validation for all FBR reforms to maintain transparency. The prime minister…

Meta CEO Mark Zuckerberg appears at the Meta Connect event in Menlo Park, California, on Sept. 25, 2024.David Paul Morris | Bloomberg | Getty ImagesMeta CEO Mark Zuckerberg on Monday said he plans to invest “hundreds of billions of dollars” into artificial intelligence compute infrastructure, and that Meta plans to bring its first supercluster online next year.A supercluster is a large, complex computing network that’s designed to train advanced AI models and handle their workloads. “Meta Superintelligence Labs will have industry-leading levels of compute and by far the greatest compute per researcher,” Zuckerberg wrote in a Facebook post on Monday.…

Ultium Cells Spring Hill, TN. September 2022.Courtesy: Ultium Cells LLCUltium Cells, a joint venture between General Motors and LG Energy Solution, said Monday it’s upgrading its facility in Spring Hill, Tennessee, to make low-cost electric vehicle battery cells.GM said the lithium iron phosphate battery cells — abbreviated LFP based on the elements’ chemical symbols — could be significantly cheaper than battery packs used in some EVs, in part because they don’t require expensive minerals like cobalt and nickel that are used in standard lithium-ion batteries.”This upgrade at Spring Hill will enable us to scale production of lower-cost LFP cell technologies…