Author: i2wtc

Chairman, President and CEO of IBM Arvind Krishna attends the 55th annual World Economic Forum meeting in Davos, Switzerland, on Jan. 22, 2025.Yves Herman | ReutersIBM reported third-quarter results that topped Wall Street estimates and lifted its guidance, citing ongoing artificial intelligence tailwinds. Still, the stock dropped 5% in extended trading. Here’s how the company performed versus LSEG estimates:Earnings per share: $2.65 adjusted vs. $2.45 expectedRevenue: $16.33 billion vs. $16.09 billion expected.Revenue increased 9% from about $15 billion in the year-ago period, IBM said. The company reported net income of $1.74 billion, or $1.84 per share, after recording a loss…

Sopa Images | Lightrocket | Getty ImagesWestern Alliance, one of the regional banks at the center of concerns over loans made to non-bank financial players, said Wednesday it believes the loan that sparked last week’s selloff is an isolated case.The bank reported third-quarter earnings Tuesday afternoon and noted it had set aside $30 million in reserves for possible losses on a $98 million loan made to the Cantor Group. Last week, Western Alliance disclosed that it had sued the borrowers behind the Cantor Group for alleged fraud related to the collateral for the loans.”While incredibly frustrating, we believe this is…

Terrorists had been hiding in a mountainous cave and were targeted in a decisive strike in Dalbandin Security forces conducted a successful operation in Dalbandin, Balochistan, eliminating six terrorists belonging to the group “Fitna al-Hindustan,” according to security sources. The operation, part of ongoing efforts to eradicate terrorism and restore peace in the province, was carried out following precise intelligence reports. Security officials confirmed that the terrorists had been hiding in a mountainous cave, where they were placed under constant aerial surveillance before being targeted in a decisive strike. All six terrorists associated with the group were killed during the…

Ranchers Duke Phillips III, prepares to rope a calf during the final branding at Chico Basin Ranch in Hanover, Colorado on June 29, 2024. Helen H. Richardson | MediaNews Group | The Denver Post | Getty ImagesPresident Donald Trump on Wednesday said U.S. cattle ranchers “don’t understand” how they have benefitted from his tariffs, adding that they “have to get their prices down.”The admonition came after some ranchers have openly criticized Trump’s proposal to import beef from Argentina in order to bring down prices for American consumers.Trump claimed that those ranchers “don’t understand that the only reason they are doing…

Tesla is set to report earnings after the bell on Wednesday.Here’s what analysts are expecting, according to an average of estimates compiled by LSEG:Earnings per share: 54 cents expectedRevenue: $26.37 billion expectedFollowing two straight year-over-year revenue declines, Tesla is expected to return to growth, for one quarter at least, with analysts expecting an increase of 4.7% from $25.18 billion a year earlier. However, early projections for the fourth quarter show revenue dropping 1.2%, according to LSEG.On Tesla’s last earnings call in July, CEO Elon Musk and finance chief Vaibhav Taneja warned shareholders about the impact of higher tariff costs and the expiration of…

A Walmart store is shown in Oceanside, California, on May 15, 2025.Mike Blake | ReutersWalmart is pausing the hiring of job candidates who need H-1B visas to work in the U.S., according to a person familiar with the decision, an example of the ways the Trump administration’s immigration policies are shaping corporate strategy.Walmart’s decision comes after President Donald Trump in September announced higher fees for the visas, which allow companies to temporarily hire skilled workers from other countries such as China and India. The Trump administration said it would now require companies to pay a $100,000 fee for each new…

Applied Digital said on Wednesday that it signed a $5 billion infrastructure lease agreement with a U.S. hyperscaler. Shares of the data center company dropped more than 7% following the announcement, continuing a recent slumped that’s sent the stock down over 20% in the past week. The stock has still almost quadrupled this year. The lease announced on Wednesday is for about 15 years and will deliver 200 megawatts of capacity at the company’s Polaris Forge 2 campus in North Dakota. It brings the company’s total leased capacity to 600 megawatts at its two Polaris Forge campuses. Across the tech…

Asia Cup trophy was being displayed in Colombo. Photo. AFP/File KARACHI: India has grown increasingly upset over not receiving the Asia Cup trophy it won last month and has sent two letters to the Asian Cricket Council (ACC), urging that the coveted silverware be dispatched to the Board of Control for Cricket in India (BCCI) via courier. However, ACC President Mohsin Naqvi responded by asking the BCCI to send an official and a player to attend a ceremony in Dubai on November 10 to receive the trophy in person. Since then, the Indian board has remained silent – at least…

In May, country singer Martina McBride appeared before the Senate Judiciary Subcommittee on Privacy, Technology and the Law at a hearing to speak out against AI-generated deepfakes. Last week, she expanded on her testimony at the CNBC AI Summit in Nashville.McBride, along with Recording Industry Association of America chief policy officer Morna Willens, spoke to CNBC’s Courtney Reagan about the NO FAKES Act, a proposed bipartisan bill focused on protecting individuals’ voices and likeness.The four-time Academy of Country Music Awards top female vocalist said speaking out on deepfakes and the need for AI guardrails is something close to her heart.…

Demolition of a section of the East Wing of the White House, during construction on the new ballroom extension of the White House in Washington, DC, US, on Tuesday, Oct. 21, 2025. Aaron Schartz | Bloomberg | Getty ImagesTech giant Alphabet is contributing $22 million to help build the White House ballroom under a legal settlement reached with President Donald Trump last month over his being banned from the company’s YouTube platform after the Jan. 6, 2021, U.S. Capitol riot by his supporters.Images showing the demolition of part of the White House’s East Wing to prepare for building the ballroom…