Author: i2wtc

U.S. President Donald Trump speaks, as he makes an announcement on the economy, in the Oval Office at the White House in Washington, D.C., U.S., August 7, 2025. Jonathan Ernst | ReutersU.S. President Donald Trump’s deadline for Russia to cease its war in Ukraine expires on Friday, as markets watch whether the White House will proceed with steep penalties on Moscow’s oil clients.Increasingly frustrated with the Kremlin, Trump has pledged “secondary tariffs” of “about 100%” on Russia’s trade partners, if Moscow does not end its invasion in Ukraine, setting an initial 50-day timeline that was later shortened.Trump has made ending…

Inside a Crocs store at Queens Center in New York.Ryan Baker | CNBCCasual footwear company Crocs plans to reduce orders for the second half of the year amid what its CEO called a “concerning” environment for the consumer.”We see the U.S. consumer behaving cautiously around discretionary spending. They are faced with current and implied future price increases, which we think has the potential to be a further drag on an already choiceful consumer. Against this backdrop, our retail partners are acting more carefully and reducing their open-to-buy dollars in future seasons,” said CEO Andrew Rees on the company’s second-quarter earnings…

A major exchange-traded fund provider is getting ready to launch a fund designed to ease investors’ tax burdens from a record-setting stock market.Even though ETFs are considered more tax efficient than mutual funds, Astoria Portfolio Advisors plans to launch the Astoria U.S. Enhanced Core Equity ETF (LCOR) in October. The fund uses a tax-mitigation strategy that’s known as an exchange or conversion under Section 351 of the tax code.When a stock has a huge run-up, investors may end up overconcentrated in that name, putting them on the hook for large capital gains taxes if they try to sell down the…

Rescuers work to restore a blocked road after mountain torrents in Mapo Town, Yuzhong County of northwest China’s Gansu Province, Aug. 8, 2025. Mountain torrents since Thursday in northwest China’s Gansu Province have left 10 people dead and 33 missing. Rescue efforts are underway after continuous heavy rainfall triggered mountain torrents in Yuzhong County. (Photo by Jin Wangui/Xinhua)LANZHOU, Aug. 8 (Xinhua) — Rescue efforts are underway after continuous heavy rainfall triggered mountain torrents in Yuzhong County, northwest China’s Gansu Province, leaving 10 dead and 33 missing as of 3:30 p.m. Friday, local authorities said.Torrential rain began pounding Yuzhong, which is…

ISLAMABAD: Despite an increase in the number of judges, pendency in the Supreme Court could not be reduced substantively, as the number of pending cases rose since February when six judges were elevated to the apex court, according to data available on the Supreme Court’s website on Thursday. The data showed that 57,089 cases were pending as of August 6, despite the fact that eight judges have been appointed in the last six months. Currently, the apex court is not functioning at full strength due to the summer vacation, and pendency is increasing day by day; 56,892 cases were pending…

SHANGHAI, CHINA – JULY 27: Robots of Unitree Robotics show their kick boxing skills during the 2025 World AI Conference (WAIC) and High-Level Meeting on Global AI Governance at Shanghai World Expo Exhibition and Convention Center on July 27, 2025 in Shanghai, China. Vcg | Visual China Group | Getty ImagesWhile humanoid robots sparred in the ring at China’s World AI Conference in Shanghai, a more consequential contest played out just steps away. Chinese officials unveiled plans for a new global governance body — the World AI Cooperation Organization (WAICO) — aimed at setting international standards and norms around artificial…

Listen to article ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Thursday approved a reduction of Rs1.89 per unit in the power tariff across the country under the quarterly adjustment charges for April-June 2025. The decision has been forwarded to the federal government for implementation. The reduced rates will apply to all power distribution companies (Discos), including K-Electric (KE). The tariff cut will be applicable for a three-month period from Aug to Oct 2025 and is expected to provide a cumulative relief of Rs55.87 billion to consumers. However, Nepra clarified that the tariff reduction will not apply to lifeline and prepaid…

Caia Image | Collection Mix: Subjects | Getty ImagesBitcoin’s historical “cycle” is showing signs that it might be breaking as a changing profile of investors and supportive regulation reshapes market dynamics.If this often predictable pattern is broken, it would have significant implications for the way investors assess the cryptocurrency’s price action and the potential timing of when to invest in bitcoin.”It’s not officially over until we see positive returns in 2026. But I think we will, so let’s say this: I think the 4-year cycle is over,” Matthew Hougan, chief investment officer at Bitwise Asset Management, told CNBC.What is the…

A year ago to the day, Arshad Nadeem stunned the world with a monstrous javelin throw that propelled him to global stardom and salvaged Pakistan’s plummeting sports glory with its first individual gold medal at the Paris 2024 Olympics. The javelin star sweetened the deal when his 92.97m throw shattered the Olympic record — not once, but twice, to the delight of a roaring crowd at Paris’ Stade de France. But a year on from the historic triumph, Arshad is undergoing physiotherapy in London following surgery on his calf muscle. The two upcoming Diamond League championships he was set to…

Key PointsPrivate investment firms of the ultra-rich made 60% fewer direct investments in July compared to the same period last year, according to Fintrx.Rattled by tariff uncertainty, some family offices have been investing more overseas, especially in European startups.Infinitas Capital’s Robin Lauber told CNBC why the Swiss family office is optimistic despite the market turmoil.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. Private investment firms of the ultra-rich once again dialed back their deal-making…