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The Latest Breaking News from International Business Times

SpaceX's AI Spending Has Rattled Investors. Its Stock Is Sinking.

SpaceX stocks are sinking on Wednesday following its earnings report.

International Business Times

Citadel Bought Assets From Collapsed Situational Awareness At a Discount. Its Flagship Fund Had Its Best Month In Years

Citadel's flagship Wellington fund posted 5.9% returns in July, its largest in years, after the company bought assets from collapsed Situational Awareness at discounted prices.

International Business Times

Eli Lilly Raises Sales Forecast As Weight Loss Drug Demand Soars. Its Stock is Climbing

Eli Lilly posted stronger-than-expected second-quarter earnings and revenue, boosted by surging demand for Zepbound and Mounjaro, while its newly launched obesity pill Foundayo made its first contribution to quarterly sales.

International Business Times

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Investor Who Predicted The 2008 Financial Crisis Issues Fresh Warning: 'Possible a 1987-Type Fall"

Michael Burry reiterated his warning that U.S. stocks may be approaching a major market peak, saying conditions resemble those before the 1987 crash even as the S&P 500 and Nasdaq continued their rally.

International Business Times

The Houthis Said They Struck a Saudi Tanker In The Red Sea Despite U.S.-Iran Talks. Brent Crude Is Up

Yemen's Houthi rebels said they again struck a Saudi tanker in the Red Sea as they continue to enforce what they have described an embargo on the country's oil in the region.

International Business Times

Fed's Kashkari Backs His Vote To Hike Interest Rates: 'Now Is The Time'

Minneapolis Federal Reserve President Neel Kashkari said it is "the time to start slowly moving up as we get more data in."

International Business Times

Private Companies Added Way Fewer Jobs Than Expected In July. June's Figures Were Also Revised Downward

Private companies added tens of thousands of jobs less than estimated in July, according to new data.

International Business Times

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Trump Hails 'Very Good Discussions' With Iran. Says Deal To Reopen Hormuz Strait Could Be Imminent

President Donald Trump said the U.S. is having "very good discussions" with Iran and a deal to reopen the Strait of Hormuz could be announced imminently.

International Business Times

BP Is Selling Another Green Energy Business. Strong Oil Prices Help Drive Best Profit Since 2022

In its earnings statement, CEO Meg O'Neill said BP is taking a fresh look at the business to improve performance, reduce complexity and strengthen areas that generate stronger financial returns,

International Business Times

The S&P 500 Is at Record Levels. But Some Analysts Aren't Ready to Celebrate a Breakout Yet

While the S&P 500 topped 7,700 for the first time on Tuesday. However, some analysts say a sustainable breakout will require more than a brief move above the resistance level.

International Business Times

The Fed Is Considering Fewer Policy Meetings. The Proposal Could Mark the Biggest Process Change in Decades.

Kevin Warsh's proposal to hold fewer meetings would cut the Fed's current schedule of eight policy meetings per year to six, while adding two separate meetings dedicated to broader economic issues rather than interest rate decisions.

International Business Times

Trump's Portfolio Makes New AI Bets on Google and Meta. Analysts See Up to 39% Upside

According to financial disclosures filed with the U.S. Office of Government Ethics, investment accounts linked to Trump completed more than 6,200 stock trades through May.

International Business Times

The Deportation Of a Colombian Activist Illustrates How Partisan Bogota-Washington Relations Have Become

The deportation of Colombian activist Beto Coral signals a deeply partisan (and personal) tightening of U.S. and Colombian relations, according to political experts.

International Business Times

A Report Has Found That a Republican Lawmakers Sexually Harassed Staff Members. He Now Faces Calls To Resign

Rep. Chuck Edwards found to have violated House rules regarding sexual harassment and creating a hostile work environment. He is facing calls to resign.

International Business Times

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International Business Times

White House Completes New AI Framework. Its Rules Are Still Not Public

The framework stems from Trump's June 2 executive order, which directed federal agencies to create a voluntary process allowing AI developers to determine whether models qualify as "covered frontier models."

International Business Times

SpaceX Delivered a Strong Earnings Beat After Its Historic IPO. But Questions About Starlink and AI Spending Remain And The Stock Fell.

Adjusted EBITDA reached $3.5 billion, well above the roughly $2.1 billion analysts had projected, with shares rising in after-hours trading following the release.

International Business Times

Short Sellers Keep Piling Up Against SpaceX. Elon Musk Is Standing Defiant

Elon Musk is saying that those short-selling SpaceX stock will get burned.

International Business Times

Novo Nordisk Stock Slides After Outlook Disappoints. But Wegovy Sales Continue to Climb

U.S.-listed shares of Novo Nordisk fell more than 6% after the company raised its full-year 2026 outlook but signaled that sales and profit could still decline compared with the previous year.

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International Business Times

Newsweek Hit with 'Indemnity Costs' After UK High Court Finds It Abused Process

A UK High Court ordered Newsweek to pay more than £132,000 in indemnity costs after dismissing its attempt to wind up NW Publishing UK over a disputed debt.

International Business Times

Trump's Memecoin May Be An 'Illegal Scam,' Sen. Warren Warns. She Wants The SEC To Investigate

Two Democratic senators want the SEC to investigate whether Donald Trump's memecoin was used for fraud or unjust enrichment, even as the agency maintains that ordinary memecoins generally fall outside federal securities laws.

International Business Times

Texas' Senators Have Been Republicans For Decades. Now Polls Show A Democrat In The Lead

Democrat James Talarico is in the lead in the Texas Senate race, according to three recent polls.

International Business Times

Latest IMF and Trade.gov Updates Highlight Dominican Republic's Economic Outlook Under President Luis Abinader

According to Trade.gov's latest Country Commercial Guide, the Dominican Republic continues to stand out as the largest economy in the region, supported by an increasingly diversified market spanning tourism, manufacturing, mining, agriculture, logistics, financial services, and real estate.

International Business Times

Bhavya Bhandari's Perspective on How AI Is Changing Cyber Risk Visibility

For Bhavya Bhandari, a technology and cybersecurity risk management leader with more than 15 years advising financial institutions, the key shift is not simply faster detection.

International Business Times

Todd Blanche Clears Key Hurdle To Become The Next AG After Backtracking On 'Anti-Weaponization' Fund

The Senate Judiciary Committee approved Todd Blanche's nomination to be the next attorney general after getting assurances that the controversial "anti-weaponization" fund is dead.

International Business Times

Who Owns Teddy Baldassarre? A Look Inside Teddy's Watch Business

Teddy is the sole founder and CEO of the company that bears his name. The business wasn't built through outside investment.

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