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World

Pakistan Military Strikes Kill 41 Militants in Balochistan Raids

Pakistani security forces conducted coordinated raids on two militant hideouts in southwestern Balochistan province, killing 41 insurgents in intense firefights, the military announced Friday. The operations targeted groups accused of attacks on security forces and civilian infrastructure.

Business

PennyMac Navigates Refi Surge to Post Strong 2025, Eyes Efficiency Gains Amid Competitive Market

PennyMac Financial Services capped a robust fiscal 2025 with Q4 net income of $107 million, overcoming headwinds from an unexpected wave of mortgage prepayments. While competitive pressures limited margin expansion, CEO David Spector pointed to strategic tech investments and a significant embedded refinance portfolio as catalysts for targeted mid-to-high teens ROE later this year.