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The Latest Breaking News from International Business Times

Amazon's AI Spending Keeps Rising. Andy Jassy Says Memory Costs Drove $20 Billion Capex Increase.

Amazon has increased its planned capital spending for 2026 to about $220 billion, with CEO Andy Jassy citing higher AI memory costs and robust cloud demand that is expected to outstrip available capacity through at least 2028.

International Business Times

AI Is Changing the Capabilities—and Economics—of Employee Safety and Security

Just as AI transformed cybersecurity from a reactive discipline into one capable of anticipating and preventing attacks, it is now reshaping the emerging field of AI-powered Preventative Personal Security (PPS).

International Business Times

Rubio Escalates Cuba Pressure. A Sanctions Campaign Is Set To Target Every 'Escape Valve'

Secretary of State Marco Rubio says the Trump administration is executing an unprecedented pressure campaign against Cuba.

International Business Times

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Lindsey Graham Championed a Russia Sanctions Package Before His Death. The Senate Just Passed It.

The Senate approved a Russia sanctions bill pushed by late Sen. Lindsey Graham before his death in July.

International Business Times

SpaceX Stock Surges After Share Unlock Puts Investors to the Test And Gets Close To IPO Price

The stock climbed about 18% over the past five trading sessions despite navigating its first quarterly earnings report as a public company and the largest lock-up expiration since its June initial public offering.

International Business Times

A Weak Jobs Report Boosted Bets That The Fed Won't Hike Rates In September. Stocks Climbed.

Stocks climbed again on Friday after an unexpectedly weak jobs report, which boosted bets that the Fed won't hike interest rates in September.

International Business Times

Senate Delays Voting Of Key Crypto Bill As Uncertainty Continues To Mount

The U.S. Senate has delayed a vote on the CLARITY Act until September, complicating efforts to pass landmark cryptocurrency market structure legislation before the end of the year.

International Business Times

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A Lesser-Known Stock Climbed More Than 100% In a Day After AI Surprise. Here's Why.

Doximity's stock more than doubled in overnight trading following its fiscal first quarter 2027 earnings report, climbing more than 130% in premarket trading before declining to about 40%.

International Business Times

Michael Saylor Just Sold Bitcoin at a Loss for the Third Time in 2026

Bitcoin trades near $64,800 on August 7, and Michael Saylor picked this exact moment to reaffirm the most audacious goal in corporate finance: making Strategy the largest company on Earth by market capitalization.

International Business Times

Meta To Pay Hundreds Of Millions In New Mexico For Harming Kids. More Lawsuits Are Pending

Meta has been ordered to pay an additional $567 million in a legal case where it was found that the company's products hurt the mental health of children and enabled sexual predators.

International Business Times

Trading the August illusion: Why thin markets challenge trader psychology

In a thin market, an ordinary price move can look like the start of something.

International Business Times

How to Lead a Legacy Brand into the Future Without Breaking It Apart

From evolving marketing campaigns to multiple trade dress initiatives, technology applications, and continuous new food product development, innovation was woven into our culture and an ever-present theme for our brand's evolution and growth.

International Business Times

The Gold Rally Has More Room To Run, UBS Says; Bullion Could Hit $5,000 By Early 2027

UBS has raised its long-term outlook for gold, saying structural demand from central banks and investors could push prices to $5,000 an ounce by the first half of 2027.

International Business Times

Why Companies That Invest In Employee Health Early Will Win The Future Of Work

When cancer strikes your workforce, it is immediately much more than a line item on a financial statement.

International Business Times

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International Business Times

Ted Cruz Says U.S. Should Arm 'Protesters' In Iran. Claims Regime Change Is Answer

Republican Senator Ted Cruz said that the U.S. should be arming the opposition to the Iranian regime as part of the ongoing war.

International Business Times

Lawmakers From Meta's Biggest Market Want Zuckerberg To Apologize After Restricting a Post From Its PM

A parliamentary committee threatened to recommend stripping the company of its safe harbor protections unless Chief Executive Mark Zuckerberg apologizes over the temporary restriction of a Facebook post by Prime Minister Narendra Modi.

International Business Times

SK Hynix Makes a New $38 Billion AI Bet: Memory Plants For South Korea

SK Hynix is making one of its biggest bets yet on the artificial intelligence boom, announcing plans to invest 54 trillion Korean won, or about $38.1 billion, to expand its memory chip manufacturing capacity.

International Business Times

Wildfires Are Ravaging Europe. Insurers Are Warning Of A Rising 'Protection Gap'

With wildfires ravaging France and Spain, insurers are warning that the costs of such disasters are increasingly outpacing insurance coverage.

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International Business Times

Volkswagen's Biggest Shareholders Sound The Alarm Over Chinese Competition. They Seek a Dramatic Restructuring

Volkswagen has already confirmed it is evaluating plans to eliminate up to 100,000 jobs, double the number previously discussed, as part of an effort to restore competitiveness after a sharp earnings decline.

International Business Times

Iran's New Supreme Leader Hasn't Been Seen Since The War Began. A Report Claims He Could Die At Any Moment

Mojtaba Khamenei is in extremely critical condition and could die imminently, according to a new report.

International Business Times

AI Is Now Designing Viruses From Scratch. Experts Say The Rules Aren't Ready

A Stanford-led team has used generative AI to design functional viruses never seen in nature, marking a milestone for synthetic biology.

International Business Times

The Jobs Report Surprised To The Downside. Bets That The Fed Won't Hike Rates In September Are Up

Traders increased their bets that the Fed won't hike interest rates in September following a weak jobs report.

International Business Times

The Labor Market Was Expected To Add Over 80,000 Jobs. It Has Shed More Than 20,000

The U.S. economy unexpectedly shed 23,000 jobs last months, according to the Bureau of Labor Statistics.

International Business Times

Putin Is Reportedly Considering Testing NATO's Resolve. He Could Order a Limited Assault On An Allied Country

Russian President Vladimir Putin is considering a limited assault on a NATO country to test the alliance, according to a new report.

International Business Times

An Announcement To Reopen The Strait Of Hormuz Remains Elusive. Traffic Is Down To a Trickle

Only two vessels traveled through the Strait of Hormuz on Wednesday as negotiations with Iran to reopen it continue.

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