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The Latest Breaking News from International Business Times

Gil Allensworth On Why AI Will Not Replace Financial Advisors

Within many institutions, the integration of AI has coincided with a more standardized approach to advice. Models become more uniform, recommendations more generalized, and client engagement more system-driven.

International Business Times

Two Inventors, One Magnetic Passion: Inside Bryan Strohm and Scott Gossler's Decades-Long Pursuit of Electromagnetic Innovation

MagVortechs was founded on the belief that electrical generation technology still has room to evolve. Leading that effort is Bryan Strohm, a longtime researcher who has spent over two decades studying electromagnetic systems and developing new patented generator concepts.

International Business Times

Liz Berg: Preserving Flavor and Memory Through the Art of Baking

Berg attributes her lifelong dedication to baking to early necessity and curiosity. She recalls learning to make meringue cookies at the age of ten, driven by a simple desire for something sweet in a household where desserts were rare.

International Business Times

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Why U.S. Firms Are Buying Up Emerging Markets' Most Specialized Startups

A quiet but accelerating shift is underway across startup ecosystem in emerging markets, and U.S. buyers are a driving force behind it.

International Business Times

How New York's Scaffold Law and Section 240 Affect Commercial Real Estate Development, Construction Insurance Pricing, and Investment

For commercial real estate developers, construction insurers, and the broader investment community that finances New York City's continuing building boom, the Scaffold Law is one of the most distinctive features of doing business in the state.

International Business Times

AI Memory Startup Engram Raises $98 Million As It Seeks To Slash Token Costs

AI memory startup Engram has raised $98 million from a powerhouse group of investors as it seeks to reduce the cost of tokens.

International Business Times

Magnificent 7 Selloff Is a Buying Opportunity as AI Spending Boom Continues, Strategist Says

The Magnificent 7, which consists of Apple, Microsoft, Nvidia, Amazon, Meta, Alphabet and Tesla, remains the dominant force in U.S. equities. A strategist said the recent selloff is a new opportunity to buy them.

International Business Times

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Tucker Carlson Says He's 'Out' And No Longer Aligned With The Republican Party

Conservative commentator Tucker Carlson, one of the most influential voices in the U.S.'s political conversation, said that he is done with the Republican Party and will no longer support it.

International Business Times

Stock Market Boom Is Making America's Wealth Gap Wider, Economist Warns

According to a recent analysis by RSM Chief Economist Joe Brusuelas, rising stock prices are making the rich significantly richer while providing only limited benefits to the broader economy.

International Business Times

Ripple Beat Europe's Crypto Deadline by 8 Days. Most Firms Won't Make It.

On June 23, Ripple, the parent company of XRP, announced a preliminary CASP "Green Light Letter" from Luxembourg's financial regulator, the CSSF, under MiCA.

International Business Times

Cheer Big, Drink Better Together: Upgrade Game-Day Hydration This Prime Day With Waterdrop Filter

These are the three Waterdrop Filter upgrades you need for better home hydration, easier hosting, and fresher-tasting water at every moment.

International Business Times

Factory Job Cuts 'Running At The Highest Since 2009 If The Pandemic Is Excluded, S&P Says

Layoffs at U.S. factories stood at the highest levels since the 2009 financial crisis, according to a new report.

International Business Times

Global M&A Deal Value Set For Strongest Year Since 2021 As AI Drives Megadeals

Despite geopolitical tensions and economic uncertainty, large corporate takeovers continued to gather pace across the technology sector, according to a new report.

International Business Times

Oracle Has Cut More Than 20,000 Jobs This Past Year as Big Tech Reshapes Its Workforce

The cloud computing giant disclosed in its annual report that its global workforce fell to about 141,000 employees as of May 31, down from roughly 162,000 a year earlier, representing a decline of nearly 13%.

International Business Times

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International Business Times

40 Mayors From Cities Across The World Unite To Rein In AI Data Centers' Power And Water Demands

Mayors from 40 cities around the world have endorsed a new agreement aimed at influencing how urban data centers are built and operated.

International Business Times

Five Eyes Spy Alliance Warns Advanced AI Models Are Outpacing Existing Cyber Defenses

Advanced artificial intelligence models are evolving rapidly enough that assumptions underpinning cybersecurity defenses may become outdated within months rather than years, according to the Five Eyes alliance.

International Business Times

Senate Advances Bill Limiting Private Equity Purchases of Single-Family Homes

The U.S. Senate took a major step toward reshaping the housing market, with lawmakers voting to advance a bipartisan housing package that includes new restrictions on large institutional investors and private equity-backed firms purchasing single-family homes.

International Business Times

Vimeo Owner Bending Spoons Targets Up To $1.62 Billion In Nasdaq IPO Amid Rebound In U.S. Listings

Bending Spoons, which owns Vimeo, WeTransfer, AOL and Eventbrite, is preparing one of the biggest European tech listings of the year.

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International Business Times

Second Ransom Note Says Nancy Guthrie Had Died, Authorities Reveal

Police believe that a note informing Nancy Guthrie's family that she had died following a kidnapping is real.

International Business Times

Most Americans Want Iran War Over; Believe U.S. Has Accomplished Little In The Conflict

Most Americans want the conflict with Iran over and believe the U.S. has not accomplished much in the campaign.

International Business Times

SpaceX Drops Below IPO Price As Stock Falls For Fourth Day In a Row

SpaceX shares fell below the company's IPO price of $150 as a wider rout in tech stocks continues.

International Business Times

Russia Reportedly Considering Importing Fuel As Ukrainian Offensive Cripples Energy Sector

Russia is considering importing fuel as continued Ukrainian strikes cripple its energy sector, according to a local report.

International Business Times

South Korea's KOSPI Index Falls 10% Amid Signals That Tech Raly Could Be Overheated

South Korea's KOSPI index dropped 10% on Tuesday amid signals that the rally in the tech sector could have become overheated.

International Business Times

Trump Rejects Iran's Claim That It Has Not Agreed To Let UN Watchdog Inspect Its Nuclear Sites

President Donald Trump rejected Iran's claim that it has not agreed to let members of UN watchdog IAEA inspect its nuclear sites.

International Business Times

Iran Rejects Agreeing To Inspection Of UN Watchdog To Nuclear Sites, Contradicting JD Vance

Iran rejected accepting visit of watchdog to its nuclear sites, rejecting claims made by Vice President JD Vance.

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