Author: i2wtc
Tesla CEO Elon Musk lashed out at the leading shareholder advisors on Wednesday, shining a spotlight into a corner of Wall Street that wields enormous influence among the largest institutional investors. Musk said proxy advisors Institutional Shareholder Services and Glass Lewis “have no freaking clue” after ISS last week recommended shareholders reject Musk’s near $1 trillion pay package, labeling them “corporate terrorists” on a call with analysts after Tesla’s latest earnings report. “They have made many terrible recommendations in the past,” the billionaire entrepreneur said, referring to advisors including ISS and Glass Lewis. Their past advice “would have been extremely…
This photo taken on Sept. 2, 2024 shows part of a solid-state lithium metal battery in Yibin, southwest China’s Sichuan Province. (Xinhua/Tang Wenhao)BEIJING, Oct. 24 (Xinhua) — Chinese scientists have recently made significant advances in overcoming critical obstacles in solid-state batteries, pushing their performance to new heights.Solid-state batteries, widely regarded as the next generation of lithium battery technology, hold promising potential for applications in new energy vehicles and low-altitude aviation.Previously, a 100-kilogram battery could power a vehicle for about 500 kilometers, but recent breakthroughs promise to extend that range beyond 1,000 kilometers.At the heart of a battery are lithium ions,…
Punjab government suspends licences of 28 weapons dealers, while shops of several unlicensed dealers been sealed ISLAMABAD: Endorsing a request from the Punjab government, the federal government on Thursday banned Tehreek-e-Labbaik Pakistan (TLP), declaring it a proscribed organisation under the Anti-Terrorism Act. The decision – taken during a federal cabinet meeting chaired by Prime Minister Shehbaz Sharif – followed deadly clashes during recent anti-Israel protests near Lahore that left several people dead. According to a press release issued by the Prime Minister’s Office, the federal cabinet “unanimously” approved the ban. During the meeting, the Ministry of Interior presented a summary…
Canada’s Prime Minister Mark Carney waves next to U.S. President Donald Trump at the White House in Washington, D.C., U.S., Oct. 7, 2025. Evelyn Hockstein | ReutersThis is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Here are five key things investors need to know to start the trading day:1. Oh, CanadaPresident Donald Trump said late last night that he is ending all U.S. trade negotiations with Canada over an ad aired by Ontario’s provincial government featuring the voice of former President Ronald Reagan.In the ad, Reagan is heard speaking negatively about tariffs and their impact on Americans.…
Compassionate Eye Foundation/david Oxberry | Digitalvision | 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.Family offices have been investing with more caution since President Donald Trump’s tariff announcement in early April, according to a recent survey released by RBC Wealth Management and research firm Campden Wealth.In a poll of 141 investment firms of ultra-wealthy families in North America, the majority (52%) of respondents said cash and other liquid assets would offer the best returns over…
This photo taken on Oct. 24, 2025 shows the combination of the Shenzhou-21 crewed spaceship and a Long March-2F carrier rocket to be transferred to the launching area. The Shenzhou-21 crewed spaceship will be launched at an appropriate time in the near future, the China Manned Space Agency (CMSA) said on Friday. The combination of the spaceship and a Long March-2F carrier rocket has been transferred to the launching area, according to the CMSA. All facilities and equipment at the launch site are in good condition, while various pre-launch function checks and joint tests will be carried out as planned.…
Punjab government officially enforces the Local Government Act 2025, repealing the Local Government Act 2022 ISLAMABAD: The Election Comission Pakistan (ECP) on Thursday brushed aside criticism over its decision to postpone local government elections in Punjab, stating that such objections reflect a lack of understanding of the Constitution and the law. A spokesperson for the Election Commission stated that, under Article 140-A of the Constitution, each provincial government is mandated to enact its own local government legislation and establish the corresponding rules and regulations. In accordance with Section 219 of the Elections Act 2017, the Election Commission is empowered to…
Boxes of Tide Pods dishwasher detergent are displayed at a Costco Wholesale store on July 12, 2025 in San Diego, California. Kevin Carter | Getty Images News | Getty ImagesProcter & Gamble on Friday reported fiscal first-quarter earnings and revenue that beat analysts’ expectations, lifted by higher demand for its beauty and grooming products.However, the company warned that it expects higher costs from tariffs in fiscal 2026, which began this month. Despite what CEO Jon Moeller called a “challenging consumer and geopolitical environment,” P&G reiterated its forecast for all-in sales and earnings for the fiscal year.Shares of the company rose about 2%…
Dar thanks Poland for supporting Pakistan’s election to UNSC, seeks support for Pakistan’s GSP Plus status in EUPolish Deputy Prime Minister Sikorski and Deputy Prime Minister Ishaq Dar Photo: X ISLAMABAD: Pakistan and Poland on Thursday reaffirmed their commitment to strengthening bilateral cooperation in diverse areas, including trade, energy, defence, education, technology, and fintech. The commitment was expressed by the Deputy Prime Minister and Foreign Minister Ishaq Dar and Polish Minister for Foreign Affairs Radoslaw Sikorski during a joint press stakeout here. The two sides expressed satisfaction over the positive trajectory of Pakistan-Poland relations and emphasized the need to further…
In this photo illustration, iPhone screens display various social media apps on the screens on February 9, 2025 in Bath, England.Anna Barclay | Getty Images News | Getty ImagesThe European Commission, the executive arm of the European Union, said on Friday that it had preliminarily found both TikTok and Meta in breach of its transparency rules.It accused the U.S. tech giants of breaching their obligation to give researchers “adequate access” to public data under the Digital Services Act (DSA) — the EU’s landmark tech legislation.”The Commission also preliminarily found Meta, for both Instagram and Facebook, in breach of its obligations to provide users…