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The Latest Breaking News from International Business Times

The U.S.'s Continued Strikes Are Battering Iran's Economy. Blackouts and Shortages Spread Across the Country.

Iranian citizens' day-to-day has been impacted further after the Trump administration widened its list of military targets beyond conventional defense sites to include infrastructure considered vital to the country's economy.

International Business Times · Jul 31

Apple Plans To Launch An AI-Powered Siri. But Some People Might Have To Pay For It.

As Apple prepares to launch an AI-powered Siri sometime this fall, the company also is considering whether it should charge for access for people who use it a lot.

International Business Times · Jul 31

Amazon Is Getting $600 Million From Trump Tariff Refunds. Some Customers Will Get Automatic Money Back

Amazon CFO Brian Olsavsky outlined how the company is handling tariff refunds and explained why the company's reimbursement was smaller than some investors may have expected.

International Business Times · Jul 31

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Elon Musk Says Money Won't Exist by 2036, Then He Launched a Payments App.

Elon Musk sat down with The Economist at his Texas Gigafactory in late July and made a claim that lands like a wrecking ball on Bitcoin's entire investment thesis.

International Business Times · Jul 31

Credit Card Industry Needs More Regulation According to Insider, Ari Page

Ari Page argues the credit card stacking industry needs stronger oversight, higher standards, and greater transparency to better protect business owners.

International Business Times · Jul 31

Spain Is Grappling With a Migrant Crisis. Trump Is Using It As a Cautionary Tale For The U.S.

Spain has been dealing with a migrant crisis in its African enclave of Ceuta after some 60,000 people entered from Morocco over the past 24 hours. President Donald Trump said the U.S. could face a similar reality if Democrats win the next presidential elections.

International Business Times · Jul 31

Economic Uncertainty Persists As Stocks Whipsaw And The Iran War Flares Up Again. Consumer Sentiment Improved Still

Consumer sentiment improved for the second month in a row in July even though gas prices climbed again as the war between the U.S. and Iran flares up.

International Business Times · Jul 31

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China And The U.S. Are Clashing In The AI Race. Beijing's Military Is Reportedly Using American Models to Train Its Defense Systems

According to a Reuters review of over 80 Chinese academic papers and patents, documents linked to the People's Liberation Army (PLA) reveal widespread use of a technique known as "model distillation."

International Business Times · Jul 31

The Trump Admin Will Get a Stake In Six Semiconductor Companies. The Total Will Rise To 30

The Trump administration is set to get a stake in six semiconductor companies, according to a new report

International Business Times · Jul 31

Oil Companies See Record Profits In Q2. Exxon Mobil And Chevron Are Among Those Benefiting From Iran War

U.S. oil and gas companies have seen profits soar, largely a result from disruptions related to the Iran war.

International Business Times · Jul 31

Chipmakers Are Rebounding Sharply After a Rout. Samsung And SK Hynix Stocks Are Seeing Historical Gains

SK Hynix and Samsung saw their best day on record in South Korea on Friday as chipmakers rebound following a sharp rout.

International Business Times · Jul 31

Clashes Between The U.S. And Iran Continue Around The Strait Of Hormuz. Oil Is Climbing Again

Oil is climbing on Friday as hostilities between the U.S. and Iran continue.

International Business Times · Jul 31

The Earnings Season Has Become a Make Or Break Moment For Top Companies. Apple Is Plunging And Amazon Is Soaring

Amazon stocks are soaring and Apple's are plunging after their reporting their respective results on Thursday.

International Business Times · Jul 31

An OpenAI Model Recently Breached Its Testing Environment, Raising Security Concerns. Now An Anthropic One Has Behaved Similarly

Anthropic said one of its most powerful models breached a system during a safety testing, another episode showcasing how the newest AI can become unpredictable.

International Business Times · Jul 31

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International Business Times · Jul 31

The Fed Saw a Split Vote In Its Last Meeting. Those Who Favored a Hike Have Come Out To Say Action Is Needed Now

Federal Reserve officials who voted in favor of an interest rate hike this past meeting said action is needed to fend off inflation.

International Business Times · Jul 31

Trump Touts Agreement To Disarm Hamas In Gaza, But The Group Says There's a Caveat

Hamas officials say the group will disarm only if the U.S. and Israel honor past commitments, including Israel ending attacks in Gaza, pulling back its forces and increasing the flow of goods into the enclave.

International Business Times · Jul 31

Most Americans Say They Wouldn't Vote For A Democratic Socialist. Democrats Feel Differently

A new poll has shown that Democrats are more likely to associate democratic socialism with economic equality and helping ordinary people, while Republicans associate it with communism and increased government control.

International Business Times · Jul 31

Most Americans Believe Trump Has The Wrong Priorities, Poll Shows. 7 in 10 Disapproved Of His Economic Performance

Most Americans believe President Trump has not put America first and that his policies have actually worsened economic conditions, according to several recent polls.

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International Business Times · Jul 31

Fed's 'Hawkish Hold' Leaves Wall Street Guessing. Stocks and Bonds Could Pay the Price

New Federal Reserve chair Kevin Warsh has decided to abandon the detailed forward guidance that characterized the Jerome Powell era and emphasize that incoming economic data will determine the central bank's next steps.

International Business Times · Jul 30

Qatar Turned To U.S. Gas As Hormuz Closed. Emergency LNG Purchases Reached About $1 Billion

QatarEnergy's emergency purchases highlight how geopolitical conflict is reshaping global LNG trade, with U.S. exporters stepping in as buyers seek alternative supplies during one of the biggest disruptions to Gulf energy flows in years.

International Business Times · Jul 30

An Expert Is Claiming The Governments And Companies Are Racing To Build Artificial Superintelligence. He's Sounding The Alarm

The head of a nonprofit focused on the risks posed by superintelligence is sounding the alarm about the direction in which governments and companies are heading.

International Business Times · Jul 30

OpenAI Veteran's Hedge Fund Implodes After Wall Street Banks Reduce AI Bet Exposure

Former OpenAI researcher Leopold Aschenbrenner's hedge fund, Situational Awareness, unwinds after steep losses and greater demands for collateral from Goldman Sachs and JPMorgan Chase.

International Business Times · Jul 30

Microsoft Surges, Meta Sinks As Investors Demand Returns From AI Spending

Wall Street is beginning to reward companies that are successfully converting AI investments into measurable returns and punish those who are not.

International Business Times · Jul 30

The Debate About The Cost Of Ai Has Taken Centerstage. OpenAI is Cutting The Price Of Two Models

OpenAI is cutting prices for two of its models as the debate over the technology's costs takes centerstage.

International Business Times · Jul 30

South Korea Revives Its Crypto Tax Plan. Parliament Will Decide Whether It Survives

South Korea is once again preparing to tax cryptocurrency profits, setting up another political battle over investor protection, overseas trading and the future of digital asset regulation.

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