The Latest Breaking News from 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 · Aug 5

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 · Aug 5

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 · Aug 5

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 · Aug 5

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 · Aug 5

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 · Aug 5

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 · Aug 5

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 · Aug 5

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 · Aug 4

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 · Aug 4