Author: Admin

Washington — President Trump on Wednesday showed off a model of what may be his next Washington, D.C., development project, an arch that resembles the Arc de Triomphe in Paris and is being referred to informally as the “Arc de Trump.”The president showed off a model of the arch at a White House dinner Wednesday night for a group of wealthy donors who are funding his White House ballroom project. Mockups he displayed bore the caption “Independence Arch.””It’s going to be really beautiful. I think it’s going to be fantastic,” Trump said, as he held a model of the arch.…

The average rate on a 30-year U.S. mortgage declined again this week, easing to just above its lowest level this year.The average long-term mortgage rate slipped to 6.27% from 6.3% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.44%.The latest dip brings the average rate to just above 6.26%, where it was four weeks ago after a string of declines brought down home loan borrowing costs to their lowest level since early October 2024.Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also eased this week. The average rate dropped…

BENGALURU :Indian IT firms Infosys, Wipro and LTIMindtree beat estimates for quarterly revenue on Thursday and pointed to improving demand in the back half of the year as clients show more willingness to fund AI projects.Their upbeat results follow a strong showing by market leader Tata Consultancy Services last week and bode well for the $283 billion sector, which has struggled in the past few quarters as customers cut discretionary spending amid tariff-related uncertainty.”We are benefiting from consolidation plays on automation and on using AI for efficiency. That’s the big focus that we see from our clients across industries,” Infosys…

Jim Pohlman, who won an Xfinity Series championship as a crew chief with driver Justin Allgaier last season, will take over as Kyle Busch’s crew chief in the NASCAR Cup Series starting in 2026.Pohlman had led Richard Childress Racing’s research and development department until leaving for JR Motorsports and the Allgaier job starting in 2023. He now returns to RCR with the task of trying to get the two-time Cup champion Busch back into victory lane.”Jim Pohlman is a relentless competitor in the garage and fits in well with our mission and approach at RCR,” said team owner Richard Childress.…

A new social media trend called “The Great Lock-In” encourages people to focus on self-improvement before the new year begins. CBS News business analyst Jill Schlesinger joins “CBS Mornings Plus” to share how to apply the idea to your finances and start 2026 on stronger footing.

PHILADELPHIA, Oct. 16, 2025/PRNewswire/ — As infectious disease leaders gather in Atlanta for IDWeek 2025 (October 19–22), Philadelphia-based biotech, LIV Process is shining a light on one of healthcare’s most persistent challenges: healthcare-associated infections (HAIs). LIV Process, a rapidly growing healthcare innovation company, has developed a patented technology that makes the dangerous pathogen Clostridioides difficile (C. diff) visible on surfaces. It is the first and only product in the world that enables hospitals to visualize any pathogen on any surface without a microscope. Unlike disinfectants that kill bacteria, LIV Process’s proprietary solution binds to resilient spores and illuminates them under a specific light…

Apple and Comcast’s NBCUniversal will launch a bundle of Apple TV and Peacock Premium streaming services next week, the companies said on Thursday, combining award-winning originals such as “Ted Lasso” and “The Traitors” for $14.99 a month.The bundle, which launches on Monday, offers U.S. customers more than 30 per cent savings and the option to combine Apple TV with Peacock Premium Plus for $19.99 per month.Media companies are unlocking more value from their streaming content by teaming up with rival platforms, providing customers with discounted pricing and a larger library of shows and movies. “With this first-of-its-kind initiative with Apple,…

[WASHINGTON] The International Monetary Fund (IMF) revised up Asia’s economic growth forecast on Thursday (Oct 16), but warned of risks to the outlook from trade policy uncertainty and geopolitical tensions.Economic activity in the Asia-Pacific was holding up better than expected in April, despite the region bearing the brunt of US tariffs, said Krishna Srinivasan, director of the IMF’s Asia Pacific Department.“The region is once again set to contribute the lion’s share of global growth – about 60 per cent, both this year and in 2026,” Srinivasan told a news conference.The IMF expects Asia’s economy to expand 4.5 per cent in…

Former National Security Adviser John Bolton speaks to reporters after speaking in a panel hosted by the National Council of Resistance of Iran – U.S. Representative Office (NCRI-US) at the Willard InterContinental Hotel on Aug. 17, 2022 in Washington, DC.Anna Moneymaker | Getty ImagesFederal prosecutors in Maryland are expected to ask a grand jury there on Thursday to indict John Bolton, a former national security advisor to President Donald Trump, according to multiple media reports.If he is indicted, Bolton would be the third high-profile Trump foe in recent weeks to be criminally charged.Grand juries in Virginia separately indicted former FBI…

[BENGALURU] Salesforce shares jumped more than 6 per cent in premarket trading on Thursday (Oct 16). This is after the company forecasted faster revenue growth in the coming years, easing concerns that artificial intelligence (AI) tools were eroding demand for its software.The Marc Benioff-led company had posted its first revenue decline in about three years earlier this year, sparking fears that businesses focused on AI investments were cutting back on what has long been essential customer management software. That has knocked its stock by more than a quarter in 2025 so far. But the company’s better-than-expected forecast of more than…