Author: i2wtc
U.S. President Donald Trump holds “The Trump Card” as he speaks with journalists onboard Air Force One en route to Miami, Florida, U.S., April 3, 2025.Kent Nishimura | ReutersA 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.President Donald Trump’s $5 million Trump Card has attracted strong interest from the overseas wealthy, but it faces legal challenges and questions about the potential market size, according to immigration attorneys.Trump launched the website in June for his new immigration plan,…
Listen to article Defence ministers of the Shanghai Cooperation Organisation (SCO) were unable to adopt a joint statement at their meeting in Qingdao, China, after India reportedly refused to sign the document, claiming it was pro-Pakistan for not referencing the April attack on Indian tourists. The SCO is a 10-member Eurasian security and political bloc comprising China, Russia, India, Pakistan, Iran and several Central Asian states. The defence ministers’ meeting was held ahead of the annual leaders’ summit scheduled for later this year. Federal Minister for Defence Khawaja Muhammad Asif led Pakistan’s delegation at the meeting, where he reaffirmed the country’s commitment…
President of the United States Donald Trump arrives at Huis ten Bosch Palace for a dinner ahead of the Nato Summit 2025 on June 24, 2025 in The Hague, Netherlands.Patrick Van Katwijk | Getty ImagesPresident Donald Trump could extend his upcoming self-imposed tariff pause deadlines, the White House said Thursday.Asked if Trump is still committed to a deadline to strike trade deals by July, press secretary Karoline Leavitt said that date “is not critical.””The president can simply provide these countries with a deal if they refuse to make us one by the deadline,” Leavitt said at a press briefing.”And that…
A shopper walks past a Nike store, as global markets brace for a hit to trade and growth caused by U.S. President Donald Trump’s decision to impose import tariffs on dozens of countries, in the King of Prussia Mall in King of Prussia, Pennsylvania, U.S., April 3, 2025. Rachel Wisniewski | ReutersNike is expected to report poor quarterly results on Thursday after it warned investors that the low point of its turnaround could come in its fiscal fourth quarter.But since Nike issued that warning in March, conditions have worsened for the sneaker giant, leading some investors to question if the worst…
Elon Musk, chief executive officer of Tesla Inc., center left, Ying Yong, mayor of Shanghai, center right, and Omead Afshar, left, leave an event at the site of the company’s manufacturing facility in Shanghai, China, on Monday, Jan. 7, 2019.Qilai Shen | Bloomberg | Getty ImagesTesla CEO Elon Musk has fired Omead Afshar, the automaker’s vice president of manufacturing and operations, CNBC has confirmed, following declines in car sales in key markets this year.Afshar, who reported directly to Musk, led a team of more than a half-dozen high level employees, according to internal organizational charts viewed by CNBC.Forbes first reported…
ISLAMABAD/LAHORE: As tension thickens over the political future of jailed former prime minister Imran Khan, both nationally and within his own party, the Pakistan Tehreek-e-Insaf (PTI) on Wednesday rejected what it described as a concerted campaign to politically sideline its founder amid renewed murmurs of a “minus Imran” formula. Khyber-Pakhtunkhwa Chief Minister Ali Amin Gandapur denounced the “conspiracy” to impose governor’s rule and sideline the party’s patron-in-chief, while party spokesperson Sheikh Waqas Akram accused PML-N’s Azma Bukhari and her allies of running a palace-backed agenda to fracture PTI from within. Azma said that Imran Khan had been “sidelined by his…
US President Donald Trump gestures towards the new flagpole on the South Lawn of the White House after arriving on Marine One in Washington, DC, US, on Saturday, June 21, 2025. Ron Sachs | Bloomberg | Getty ImagesPresident Donald Trump is set Thursday afternoon to host a group of working-class Americans at the White House, as he cranks up pressure on Senate Republicans to quickly pass his massive tax-and-spending agenda.The event in support of Trump’s “One Big, Beautiful Bill” will feature a collection of what his administration describes as “everyday Americans” poised to benefit from the legislation’s tax cuts and…
Vithun Khamsong | Moment | 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.Investment firms of the ultra-rich are increasingly investing in alternative assets like real estate and venture capital, according to a new survey by BlackRock. Family offices averaged a 42% portfolio allocation to alternatives in recent months, up 3 percentage points from last year, and are making substantial changes to how they invest that capital.Nearly one-third (32%) of single-family offices planned to increase their…
ISLAMABAD: The Pakistan Peoples Party has refused to vote in favour of new “draconian” powers for taxman to arrest people in tax fraud cases, resulting in a new round of negotiations between the two key partners of the alliance just hours before the approval of the budget from the National Assembly. On behalf of the government, Deputy Prime Minister Ishaq Dar has reached out to the top PPP leadership who was hopeful to resolve the issue before the approval of the budget. The government was hopeful that after adding some more safeguards, the PPP may vote for the arrest powers…
Jeremy Allaire, CEO and co-founder of Circle Internet Group, the issuer of one of the world’s biggest stablecoins, and Circle Internet Group co-founder Sean Neville react as they ring the opening bell, on the day of the company’s IPO, in New York City, U.S., June 5, 2025.Brendan McDermid | ReutersStablecoin issuer Circle resumed its rally on Thursday after a brief pullback this week.Shares were last higher by 8%, after losing about 15% earlier over the past two days amid heightened post-IPO volatility and as investors weigh speculation around crypto regulation and the upcoming Fed rate decision.With Circle still hot off…