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The Latest Breaking News from International Business Times

U.S. Economy Expands By 2% In First Quarter But Iran War Muddies The Outlook

The U.S. economy expanded by 2% in the first quarter of the year, rebounding after the last three months of last year's 0.5% increase.

International Business Times

Trump Says Pentagon Is Considering Withdrawing Troops From Germany Amid Spat With Chancellor

President Donald Trump said the Pentagon is considering withdrawing some troops from Germany amid a spat with Chancellor Friedrich Merz.

International Business Times

Buy or Sell Meta Stock in 2026? Wall Street Bullish on AI Surge and Ad Recovery

Meta Platforms Inc. stock has delivered strong gains in 2026, leaving investors debating whether to buy more shares or lock in profits as the company bets heavily on artificial intelligence while its core advertising business continues to rebound.

International Business Times

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Elon Musk Accuses Sam Altman of 'Bait and Switch' in High-Stakes Court Case

Elon Musk accused Sam Altman of a "bait and switch" over OpenAI's direction during a heated court trial in California, escalating tensions in the high-stakes legal battle.

International Business Times

Ford Motor Company Wins $1.3B Tariff Refund in Major Government Reversal

Ford Motor Company expects a $1.3 billion tariff refund after a Supreme Court ruling, boosting profits despite ongoing trade cost pressures.

International Business Times

Purdue Pharma Faces $5.5B Criminal Sentence for Deceiving Regulators and Boosting Opioid Sales

Purdue Pharma has been sentenced to pay $5.5 billion after pleading guilty to deceiving regulators and fueling the US opioid crisis through aggressive and illegal opioid sales practices.

International Business Times

Oil Surge Tests Market Optimism As Iran Conflict Risks Deepen

Brent's climb to multi-year highs highlights a widening gap between investor expectations and supply realities.

International Business Times

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Key Inflation Rate Jumps To Highest Level In Almost Three Years As Oil Prices Spike

A key inflation gauge closely followed by the Federal Reserve jumped to its highest level in almost three years as oil prices spike and impact the cost of living in the U.S.

International Business Times

Bailout Talks Between Trump Admin And Spirit Airlines Reportedly Stall As Company Faces Cash Crunch

Bailout talks between the Trump administration and Spirit Airlines have reportedly stalled as the company faces an acute cash crunch that could see it run out of cash within days.

International Business Times

Iranian Supreme Leader Says Country Will 'Guard' Nuclear Technology Despite U.S. Pressure

Iranian Supreme Leader Mojtaba Khamenei said in a statement that the country will "guard" its nuclear and missile technologies as talks with the U.S. continue to be at a standstill.

International Business Times

Iran Says U.S. Blockade Is 'Doomed To Fail' As Oil Prices Remain Elevated And Strait Of Hormuz Closed

Iran said the U.S.'s blockade of its ports is "doomed to fail" as oil prices remain elevated and the Strait of Hormuz closed.

International Business Times

The Hidden Economics of a Throwaway Appliance Culture: Why Repair Is Quietly Beating Replace in 2026

Rising replacement costs, tighter household budgets, and a global push toward right-to-repair legislation are reshaping how homeowners think about the machines that run their kitchens and laundry rooms.

International Business Times

Crypto Becomes Front Line In US–Iran Sanctions Battle As Wallet Freezes Tighten Digital Finance Channels

Iran's crypto ecosystem has expanded sharply under sustained economic pressure, with digital assets increasingly serving as an alternative channel for both individuals and institutions operating under sanctions constraints.

International Business Times

Trump Appears To Criticize British PM Starmer While Praising King Charles

President Donald Trump appeared to criticize British Prime Minister Keir Starmer while praising King Charles, who is visiting the U.S.

International Business Times

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International Business Times

American Airlines Restricts Power Banks Amid Lithium Battery Concerns

American Airlines limits power banks to two per passenger and requires visibility on flights to reduce lithium battery fire risks.

International Business Times

Citadel CEO Ken Griffin Blasts Mamdani's Tax Video as 'Personal Attack'

Citadel CEO Ken Griffin criticizes NYC Mayor Zohran Mamdani's viral tax video as a personal attack, raising concerns over business climate.

International Business Times

Disney CEO Reportedly Pauses Long-Running ESPN Spinoff Consideration

Disney pauses ESPN spinoff plans as CEO Josh D'Amaro focuses on streaming growth and keeping the sports network in-house.

International Business Times

SpaceX Approves Elon Musk Pay Package Linked to Mars Settlement Goal

SpaceX has approved a bold pay package for Elon Musk tied to reaching a $7.5 trillion valuation and building a permanent human colony on Mars.

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International Business Times

Federal Tariff Refund System Rejects Thousands of Business Claims

Thousands of U.S. businesses have had tariff refund claims rejected as a new federal system rolls out under strict rules.

International Business Times

New U.S. Visa Rule Forces Applicants To Choose Between Honesty And Entry

The Trump administration has ordered U.S. consulates abroad to ask temporary visa applicants whether they have suffered harm or fear returning home, a new screening policy that critics say could shut out people who might have qualified for protection in the United States less than two years ago.

International Business Times

Gavin Newsom Accuses the Trump Administration of Paying Offshore Wind Developers Nearly $900 Million To Walk Away From Projects

California Gov. Gavin Newsom accused the Trump administration of using taxpayer money to kill clean energy projects after federal officials reached a deal to reimburse two offshore wind developers nearly $900 million if they abandon U.S. leases and redirect money toward fossil fuel infrastructure.

International Business Times

Immigrants Paid 14.5 Trillion Dollars More in Taxes Than They Received in Benefits for 30 Straight Years - REPORT

The libertarian think tank the Cato Institute found that immigrants paid more in taxes than they received in government benefits every year from 1994 through 2023, generating nearly $10.6 trillion more in federal, state, and local tax revenue than they received in government spending.

International Business Times

The Key Electoral Races That Could Decide President Trump's Political Future

From party loyalty battles to razor-thin margins in Congress, a handful of contests could determine how much power the president holds after November

International Business Times

Elon Musk Says He Warned Obama About AI Risks as $100 Billion OpenAI Lawsuit Heads to Trial

Elon Musk testified he warned Barack Obama about AI dangers in 2015 as his massive lawsuit against OpenAI and Sam Altman moves forward.

International Business Times

Pentagon Says Iran War Has Cost $25 Billion So Far, Most In Munitions

The Iran war has so far cost $25 billion, a top Defense official said on Wednesday.

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