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The Latest Breaking News from International Business Times

SpaceX Faces Its Biggest Test Since Going Public. Its First Earnings Report Could Reverse a $1 Trillion Stock Rout.

Shares closed Monday at $114.53, down 15% from the initial public offering price and nearly 49% below the record high of $225 reached just days after trading began.

International Business Times

Trump Targets A New Piece Of China's AI Supply Chain. Data Center Equipment Faces Fresh U.S. Curbs

The Trump administration is drafting rules to block imports of new Chinese optical transceiver models used in AI data centers, citing national security concerns.

International Business Times

A Republican Lawmaker Is Facing Abuse Allegations. Trump Called To Let Him Know 'Things Aren't Looking Good' For His Reelection Prospects

President Trump reportedly called Republican Congressman Max Miller to let him know that "things aren't looking good" following accusations that he assaulted his ex-wife and their child.

International Business Times

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The Iran War Continues Keeping Energy Markets On Edge. Saudi Aramco Profits Are Jumping.

Saudi Aramco reported a 33% jump in second-quarter profit as higher oil prices driven by the Iran conflict boosted revenue, with the company highlighting the role of its East-West pipeline in keeping exports flowing despite disruptions around the Strait of Hormuz.

International Business Times

China Is Winning The Open AI Race, Hugging Face CEO Says. Warns U.S. Risks Falling Behind Without More Collaboration

Hugging Face CEO Clément Delangue said China has emerged as the leader in open-weight AI models and could match or surpass U.S. frontier AI labs within the next year.

International Business Times

Clarity Act: The Biggest Crypto Bill in US History Is Stalling, and Trump's Wallet Is Why

The CLARITY Act, the most sweeping crypto regulation Congress has ever advanced, is stuck on the Senate floor. The obstacle isn't Republicans.

International Business Times

Fed Officials Are Not In Full Sync About The Level Of Interest Rates. One Of Them Says The Current One is Sufficient

Philadelphia Fed President Anna Paulson said she believes the current level of interest rates is enough to drive inflation back to the central bank's goal.

International Business Times

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Jeff Bezos Filed To Sell Billions Worth Of Amazon Stock. Its Shares Are Falling

Amazon's stock is declining on Tuesday following reports that company founder Jeff Bezos filed to sell more than $4 billion worth of shares.

International Business Times

Stocks Keep Climbing On Hopes Of Iran Deal And Strong Corporate Results. The S&P 500 Reaches a New Record

The S&P reached a new record high on Tuesday on hopes of a deal to reopen the Strait of Hormuz and renewed appetite for tech stocks.

International Business Times

Trump Threatened Iran With Massive Escalation If Talks Fail. But The Army Has Reportedly Used Most Of Its Long-Range Precision Missiles

The U.S. Army has used practically all of its long-range precision missiles during the war in Iran, according to a new report.

International Business Times

Gurhan Kiziloz Wins First Appeal in Bid to Unfreeze $527M in Tether & Assets, Final Verdict by October

A Brazilian federal appellate court ruled in Gurhan Kiziloz's favor in the first appeal over a $527 million asset freeze, with a final STJ review expected by October.

International Business Times

Scott Bessent Said a Deal To Reopen The Hormuz Strait Could Be Reached Within Hours. Oil Is Declining Again

U.S. Treasury Secretary Scott Bessent expressed optimism about the possibility of reaching a deal that will see the reopening of the Hormuz Strait in the next hours.

International Business Times

Qatar Says Efforts To Reach U.S.-Iran Deal Are 'Ongoing.' But There Are No Direct Talks On The Horizon

Qatar spokesperson Majed Al-Ansari said efforts to reach a deal between the U.S. and Iran are ongoing but there are no direct talks in the plans.

International Business Times

Palantir Crushes Q2 Expectations. U.S. Commercial Revenue Soars 149% as AI Demand Accelerates.

The Denver-based software firm reported adjusted earnings of 41 cents per share for the second quarter, beating analysts' expectations of 35 cents, while revenue climbed to $1.94 billion, exceeding expectations.

International Business Times

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International Business Times

Michael Saylor's Strategy Sold Another $105 Million In Bitcoin. It Boosted Its Cash Reserve And Bought Back STRC Shares

Strategy continued adjusting its capital structure last week by selling more Bitcoin, raising nearly $291 million through common stock sales and repurchasing STRC preferred shares while keeping its dividend rate unchanged.

International Business Times

How Common Is A Seven Figure Net Worth In The U.S.? More Than 1,000 People Become Millionaires Every Day

Strong investment returns, rising home values and years of economic growth have helped millions of Americans cross the $1 million threshold, even as inflation has reduced the purchasing power of that milestone figure.

International Business Times

A Continuously Tough Labor Market Frustrating Job Seekers. Some Have Given Up Looking

Record numbers of people have stopped looking for jobs and dropped out of the labor market entirely.

International Business Times

Amazon Tops $3 Trillion Market Cap as Shares Hit a Record High. AI-Powered AWS Growth Fuels Post-Earnings Rally

Shares of the e-commerce and technology giant climbed about 4% to a new all-time high, marking their strongest performance since early May.

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International Business Times

Trump Is Giving Iran Talks Another Chance. Oil Slid And The Dow Jumped To a Record Close

Oil slid and stocks jumped on Monday after Trump said talks with Iran have resumed.

International Business Times

Trump Issues Ultimatum To Iranian Leadership, Says Talks Are Their Last Chance Before 'Decapitation'

President Donald Trump said ongoing talks with Iran are the last chance for the country's leadership to reach an agreement before "decapitation."

International Business Times

FiiO Snowsky Echo Nano Hands-On Review: This Tiny $50 Music Player Makes Unplugging Fun

The FiiO Snowsky Echo Nano is a tiny $49.99 lossless music player with tactile controls, a premium metal build and surprisingly capable sound.

International Business Times

Average Gas Prices Remain Above $4. Trump Is Again Calling On Major Gas Companies To Lower Prices

Average gas prices continue above $4 a gallon in the U.S., according to AAA.

International Business Times

The U.S. Backs Japan's Yen After Decades. Here's What's Really at Stake for Investors.

The yen had been under intense pressure in recent weeks, falling as low as 163.73 against the dollar before recovering to around 157.57 after authorities stepped into the market.

International Business Times

The Cyclospora Outbreak Has Sickened Thousands Across The U.S.; The First Deaths Have Now Been Reported

Michigan has reported the first two deaths linked to the ongoing cyclospora outbreak, adding to a foodborne illness investigation that has sickened thousands of people and prompted recalls of iceberg lettuce distributed to restaurants and grocery stores.

International Business Times

Trump Promised a Rapid Venezuela Oil Revival. Eight Months Later, American Companies Have Not Seen It.

According to senior U.S. officials and people familiar with negotiations, much of the blame is being directed at the U.S. Department of Energy for the lack of deals with Venezuela.

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