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The Latest Breaking News from International Business Times

The AI Boom Is Making Memory Chips Much More Expensive, Impacting Laptop And Smartphone Prices

Surging AI demand is driving up memory chip prices and squeezing supplies available to consumer electronics makers. Morgan Stanley expects the crunch to push PC and smartphone inflation significantly higher.

International Business Times · Aug 11

Three Killed In a Strike In Bab el-Mandeb. Iran-Backed Houthis Are Suspected Of Conducting It.

Three people have been killed in a suspected attack by the Iran-backed Houthis in the Bab el-Mandeb strait on Tuesday.

International Business Times · Aug 11

Zelenskyy Says Putin Is Set To Escalate The War Further. He Is Calling For More Sanctions And Support.

Ukraine's President Volodymyr Zelenskyy said Russian President Vladimir Putin is gearing up to escalate the war.

International Business Times · Aug 11

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Trump Doubles Down On Economic Pressure On Iran As Prospects For a Deal Fade: 'I'm Their Banker'

President Donald Trump claimed economic pressure on Iran is working as perspectives of a deal between the countries fade.

International Business Times · Aug 11

A Fed Member Voted To Hike Rates In July. She Said More Than One Increase Could Be Needed To Tame Inflation.

Cleveland Federal Reserve president Beth Hammack said more than one interest rate hike could be needed to tame inflation.

International Business Times · Aug 11

An Iranian Threat Against Trump Was Credible Enough For Him To Switch Planes When Leaving Turkey: Report

President Donald Trump left Turkey on a plane other than the Air Force One due to a credible Iranian threat, according to a new report.

International Business Times · Aug 11

These Are 10 Careers That May Be Harder For AI To Replace

Resume Now analyzed data from the U.S. Department of Labor's Occupational Information Network, or O*NET, focusing on stamina, static strength, reaction time, spatial orientation, time sharing, and problem sensitivity.

International Business Times · Aug 11

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A Top Goldman Sachs Executive Says Investors Should Stay Invested. These Are Three Reasons Why.

Ashok Varadhan's case rests on the Federal Reserve keeping interest rates unchanged through the rest of 2026, oil prices falling significantly, and the economy remaining resilient as artificial intelligence begins delivering productivity gains.

International Business Times · Aug 11

Suspected Iranian Hackers Targeted U.S. Water Utilities. Experts Say the Systems Are 'Low-Hanging Fruit'

At least a dozen states have been affected by the recent campaign, including Minnesota, where at least 30 water systems were targeted.

International Business Times · Aug 11

What Means That Americans May Have to Wait Longer for Rate Relief

The Fed has held its benchmark interest rate steady throughout 2026 as policymakers weigh persistent inflation against signs that the labor market and broader economy are losing momentum.

International Business Times · Aug 11

The Truth About Ripple's UK Treasury Role, and Why XRP Isn't Moving

Scroll crypto Twitter this week and you'll see it in all caps: the UK Treasury has "crowned" Ripple, "government-level integration" is here, and even Manchester mayor Andy Burnham is supposedly backing XRP.

International Business Times · Aug 11

AI Models Went Rogue at OpenAI, Anthropic and Meta. One Small Israeli Startup Reportedly Links the Incidents

The company, Irregular, is a three-year-old Tel Aviv startup that provides specialized testing environments designed to probe the capabilities and potential security risks of increasingly powerful AI systems.

International Business Times · Aug 10

Foreign Developers Spent Millions Licensing Trump's Name. The White House Says There's No Conflict.

International developers paid $59.5 million to license President Trump's name for a variety of projects in 2025.

International Business Times · Aug 10

The U.S. And Iran Appear To Move Further Away From a Deal To Reopen Hormuz. Stocks Edge Down.

Stocks edged down on Monday as traders continue assessing the ongoing dispute between the U.S. and Iran.

International Business Times · Aug 10

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International Business Times · Aug 10

Tariffs Are Putting Shein's Model In Peril As Ultra-Cheap Prices Stand Under Pressure

Shein shoppers could feel the tariff squeeze as the retailer raises prices to offset higher import costs. With U.S. sales already falling and Europe introducing similar rules, the company is looking beyond cheap fashion for its next phase of growth.

International Business Times · Aug 10

Michael Saylor's Strategy Sells More Bitcoin, Increasing Its Cash Stockpile To $4.6 Billion. Its Stock Is Dropping.

Strategy sold nearly $109 million worth of Bitcoin and more than $650 million of its own shares last week as Michael Saylor's company continues a major shift toward managing its increasingly complex capital structure.

International Business Times · Aug 10

Zelenskyy Says More North Korean Troops Are Headed To Russia And Asks For More Support From South Korea

Ukrainian President Ukrainian President Volodymyr Zelenskyy warned that 30,000 to 50,000 North Korean troops are being deployed in Russia.

International Business Times · Aug 10

Iran Is Seeking Compensation From The U.S. Over War Damages. Trump Is Now Doing It Too.

President Donald Trump said the U.S. will seek compensations from Iran for war damages after Tehran made such a claim during the weekend.

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International Business Times · Aug 10

U.S. Strategic Petroleum Reserve Falls To Its Lowest Level In More Than Four Decades As Hormuz Strait Remains Closed

The Strategic Petroleum Reserve fell to its lowest level in more than 40 years as the Strait of Hormuz remains largely closed.

International Business Times · Aug 10

OpenAI Puts New AI Model Under Tighter Controls As Its Cyber Capabilities Soar

OpenAI said Friday that its unreleased model, Astra, has performed strongly enough in cybersecurity evaluations that the company cannot yet rule out the possibility that it has reached "Critical" capability.

International Business Times · Aug 10

World's Biggest Chipmaker TSMC Sees Sales Jump 45%. AI Demand Keeps Booming

TSMC's latest sales numbers offer another sign that demand for advanced AI chips remains strong despite growing questions over the enormous cost of the AI spending boom.

International Business Times · Aug 10

Intel Plans $15 Billion Stock Sale As AI Demand Puts Its Factories Into Overdrive. Stocks Fall.

Semiconductor giant Intel announced Monday that it plans to raise $15 billion through an underwritten public offering of common stock.

International Business Times · Aug 10

SpaceX Stock Climbs Back To its IPO Price As It Rebounds After Lockup Expiration

SpaceX has gone back to its IPO price as the stock continues to rebound.

International Business Times · Aug 10

Strong Corporate Earnings And AI Spending Lead JPMorgan To Lift Its S&P 500 Forecast For The Second Time In Two Months

JPMorgan strategists raised their S&P 500 forecast for the second time in two months.

International Business Times · Aug 10

AI Agents Have Been Going Rogue In Different Tests. Now Democrats Want Answers From Tech CEOs.

Some House Democrats want to force AI CEOs to testify before Congress regarding the state and safety of the developing technology.

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