Pakistan News

Business

SpaceX Acquires xAI in Landmark Deal, Uniting Musk's Space and AI Ambitions Under One Roof

Elon Musk's SpaceX has finalized the acquisition of his artificial intelligence venture, xAI, in a strategic move that merges the aerospace giant with the creator of the Grok chatbot. The deal, valued at a staggering $1.25 trillion, aims to accelerate AI development by leveraging shared computing resources and engineering talent from Musk's broader technology portfolio.

Feb 2, 2026

Business

Microsoft's $750M Perplexity Deal Highlights Azure's AI Ambitions Amid Investor Jitters

Microsoft secures a major cloud agreement with AI search firm Perplexity, even as its stock faces pressure following a post-earnings selloff. The deal underscores Azure's growing appeal to AI startups, but questions linger over the tech giant's capacity constraints and investment priorities.

Feb 2, 2026

US

DOJ's 'Weaponization' Task Force Sees Leadership Shakeup as Key Trump Ally Ed Martin Exits Role

Ed Martin, a staunch Trump loyalist appointed to lead a Justice Department group scrutinizing prosecutors who investigated the former president, has been removed from that position, sources confirm. He remains in his separate role as Pardon Attorney.

Feb 2, 2026

US

Political Strategist James Carville Picks His Early Favorite for 2028 Democratic Nomination

Veteran Democratic strategist James Carville has named Illinois Governor JB Pritzker as his top potential contender for the party's 2028 presidential ticket, citing fundraising prowess and grassroots appeal.

Feb 2, 2026

Business

MicroStrategy's Bitcoin Bet Sinks Underwater, Raising Questions on Funding Strategy

MicroStrategy's massive Bitcoin holdings have fallen below their average purchase price, resulting in over $900 million in paper losses. This development intensifies scrutiny on the company's reliance on equity markets to fund its crypto acquisitions as financial conditions tighten.

Feb 2, 2026

Business

VEON's Meteoric Rise: Is the Telecom Stock Still a Bargain After Tripling in Three Years?

VEON's shares have surged over 340% in three years, dramatically outperforming the market. As the stock hovers around $54, analysts are divided: does this represent a classic value opportunity or a sign that the easy gains are over? We examine the valuation metrics behind the headline numbers.

Feb 2, 2026

Business

Nutanix Shares Slide as Analysts Flag Growth Concerns, Clouding Near-Term Outlook

Nutanix (NTNX) shares fell sharply this week following downgrades from Barclays and Morgan Stanley, which pointed to slowing growth and reduced visibility. While analysts maintain a long-term view on the hybrid cloud software firm, the near-term path appears more turbulent as investors reassess risks.

Feb 2, 2026

Business

Kforce Beats Q4 Revenue Forecasts but Shares Tumble on Profit Miss

The professional staffing firm Kforce (NYSE:KFRC) reported fourth-quarter sales that edged past analyst expectations, yet its stock plunged 11.7% as earnings per share fell sharply short of estimates, highlighting ongoing challenges in a tightening labor market.

Feb 2, 2026

Distress Signals: Three Multifamily Loans Enter Servicing in January, Highlighting Regional Pressures

January saw three apartment loans transferred to special servicing, revealing distinct challenges in Colorado and Houston markets despite strong national trends.

Feb 2, 2026

Business

Qualcomm Faces Headwinds: Analysts Slash Price Targets Ahead of Critical Earnings Report

As Qualcomm prepares to report Q1 2026 earnings, a wave of analyst downgrades and lowered price targets reflects growing concerns over smartphone market softness and competitive pressures, overshadowing progress in automotive and robotics.

Feb 2, 2026

Business

Musk's SpaceX and xAI to Merge in Landmark $1.25 Trillion Deal Ahead of Public Offering

Elon Musk is set to combine his aerospace giant SpaceX with his artificial intelligence venture xAI, creating a single entity valued at $1.25 trillion ahead of a highly anticipated IPO later this year, according to a Bloomberg report.

Feb 2, 2026

Business

Netflix's All-Cash Bid for Warner Bros. Discovery: A High-Stakes Gamble on Content and Capital

Netflix's bold, all-cash offer to acquire Warner Bros. Discovery for an estimated $72-83 billion is testing investor confidence and regulatory boundaries. The proposed mega-deal, which would dramatically reshape the streaming landscape, faces intense scrutiny over antitrust concerns and the strain it could place on Netflix's historically disciplined balance sheet.

Feb 2, 2026

Business

Devon and Coterra Forge a Permian Powerhouse: Merger Creates Delaware Basin Giant

In a landmark consolidation move, Devon Energy and Coterra Energy have agreed to an all-stock merger, positioning the combined entity as a dominant force in the prolific Delaware Basin. The deal signals a strategic shift towards scale and capital efficiency in the U.S. shale sector.

Feb 2, 2026

Business

Universal Pulls CFO Offer from ADM Executive Amid SEC Accounting Scandal

Universal has rescinded its employment offer to a former ADM finance executive just one day after the SEC filed suit against ADM's ex-CFO over alleged accounting misconduct in the nutrition segment, highlighting the widening fallout from the agribusiness giant's regulatory troubles.

Feb 2, 2026

US

Rare Alpine Lizard Pregnancy Sparks Hope for Critically Endangered Australian Species

A captive breeding program for the elusive Guthega skink in Victoria's high country yields a rare pregnancy, potentially boosting the known wild population from 11 to 13 individuals.

Feb 2, 2026

US

Judge Lifts Restraining Order, Allows DHS to Proceed with Evidence Disposal in ICE Shooting Case

A federal judge in Minnesota has rescinded an order that prevented the Department of Homeland Security from destroying evidence connected to the fatal shooting of U.S. citizen Alex Pretti by ICE agents, allowing the controversial disposal process to move forward.

Feb 2, 2026

Business

Starbucks Trims Menu by 25%, Axing 13 Drinks in Efficiency Push

Starbucks accelerates its 'Back to Starbucks' turnaround plan by removing 13 underperforming and complex drinks from its permanent menu, a move aimed at streamlining operations and reducing waste, despite risking the ire of loyal fans of discontinued items.

Feb 2, 2026

Business

OpenAI's AI Inference Shift Tests Nvidia's Dominance, Sparks Chip Industry Ripples

OpenAI is actively seeking alternatives to some of Nvidia's latest AI chips, focusing on specialized hardware for faster inference, according to sources. This strategic pivot introduces new tensions and competitive dynamics between the two AI titans, even as investment talks continue.

Feb 2, 2026

Business

Caleres Bolsters Leadership with Fashion Veteran Kristen Sosa to Steer Key New York Brands

Industry veteran Kristen Sosa joins Caleres as Division President, taking the helm of a portfolio including Stuart Weitzman, Veronica Beard, and Favorite Daughter, signaling a strategic push for growth.

Feb 2, 2026

Business

Tax Season Headaches Ahead: IRS Staffing Cuts and New Laws Threaten Refund Delays

A perfect storm of deep personnel cuts, leadership instability, and sweeping tax code changes is set to challenge the IRS during the upcoming filing season, potentially slowing refunds for millions. Experts advise electronic filing and direct deposit to navigate the hurdles.

Feb 2, 2026