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The Latest Breaking News from International Business Times

Samsung Says The AI Chip Boom Isn't Slowing. It Expects Supply To Stay Tight Until 2028

Samsung's latest results suggest the global race to build AI infrastructure is creating a longer-lasting memory shortage than many expected, with major cloud providers locking in multi-year supply agreements.

International Business Times · Jul 30

The Dow Lost 1,000 Points In A Day On Thursday. Here's How The Index Has Behaved After Throughout History

Historical data shows that the Dow Jones Industrial Average typically sees little change the day after a 1,000-point selloff, with a median return hovering around flat.

International Business Times · Jul 30

Amazon's Robotaxis Have Been Approved For Use. Zoox Will Now Begin Charging For Rides

Amazon's autonomous robotaxis can begin charging people for rides after gaining a series of approvals from the National Highway Traffic Safety Administration (NHTSA).

International Business Times · Jul 30

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AI Star Leopold Aschenbrenner Built A $45 Billion Hedge Fund. Weeks Later It Has Been Forced To Unwind Bets

Several of Situational Awareness' prime brokers, including Bank of America, Goldman Sachs, and JPMorgan Chase, have been working with the hedge fund to either raise cash or reduce positions in an orderly manner.

International Business Times · Jul 30

Chipmakers Are Soaring After a Days-Long Rout. Micron, Lam And Sandisk Jump

Chip stocks are soaring on Thursday as they rebound from a days-long rout.

International Business Times · Jul 30

Robinhood's Prediction Market Had a Record Quarter. Its Stock Is Dropping Anyway After Its Earnings

Robinhood's stock is falling on Thursday even though the company reported rapid growth in its prediction market area.

International Business Times · Jul 30

Microsoft's Massive AI Spending Is Paying Off. Its Stock Is Soaring

Microsoft's stock is jumping after the company reported quarterly results that showed its Azure cloud business accelerating to its fastest growth rate in four years, helping reassure investors that AI data centers are translating into higher revenue.

International Business Times · Jul 30

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Microsoft Soared After Its Earnings Appetite For Chipmakers Returned. Stocks Soared

Stocks rebounded on Thursday, fueled by Microsoft's gains and renewed appetite for semiconductors.

International Business Times · Jul 30

Elon Musk Is Reportedly Reentering Political Fray. He Plans To Help Fuel Republican Midterm Election Turnout

Elon Musk is taking steps to help boost Republican turnout for the 2026 midterm elections, according to a new report.

International Business Times · Jul 30

Meta Is Building AI Faster Than Ever. Wall Street Is Skeptical About The Payoff And Its Stock Is Tanking

Meta's latest earnings underscored a widening divide in Big Tech's AI race: companies with cloud businesses are already monetizing infrastructure and those still building the foundation.

International Business Times · Jul 30

The U.S. And Iran Continue Trading Strikes. Oil Is Dropping Anyway

Oil is dropping on Thursday despite continued hostilities between the U.S. and Iran.

International Business Times · Jul 30

Tired of Mulch Washing Away? This Simple Yard Fix Could Save Hours of Cleanup

Stop messy mulch and shifting gravel with an easy DIY solution designed to protect your outdoor space.

International Business Times · Jul 30

The U.S. Has Banned The Sale Of Foreign-Made Humanoids Over Security Concerns. China Has Threatened To Retaliate

China said the U.S.'s decision to ban foreign-made humanoids "severely damages China-U.S. economic and trade stability" and threatened with countermeasures.

International Business Times · Jul 30

The Economy Grew Less Than Expected In Q2. Core Inflation Also Remained Above The Key 2% Target

The U.S. economy grew 1.5% in the second quarter, less than expected. Inflation stood at 3.3%, in line with estimations.

International Business Times · Jul 30

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International Business Times · Jul 30

Treasury Yields Stay Near Decades-High After Fed Pause. Long-Term Borrowing Costs Still Under Pressure

The benchmark 30-year Treasury yield remained near its highest level in almost two decades as markets weighed the Fed's latest policy decision, inflation data and expectations for additional rate hikes later this year.

International Business Times · Jul 30

Talks To Disarm Hamas In Gaza Reportedly Make Progress: 'A New Beginning'

Discussions about the disarmament of Hamas in Gaza are making progress, according to a new report.

International Business Times · Jul 30

The U.S. Followed Through On Its Threat To Strike Iran. Tehran Is Now Vowing To 'Punish' Washington

Tehran has vowed to "punish" the U.S. after the country conducted what it described as a "heavy wave of strikes" as hostilities resume yet again.

International Business Times · Jul 30

The Federal Reserve Just Changed How It Talks About The Economy. Here's What's Different Under Kevin Warsh

While the central bank once again left interest rates unchanged, the statement revealed several notable changes that reflect Warsh's effort to simplify how the Fed communicates with financial markets.

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International Business Times · Jul 30

More Americans Are Buying Groceries With Credit Cards. The Long-Term Cost Could Be Painful

Consumer advocates warn that using revolving credit for everyday necessities like food can lead to years of interest payments, making routine grocery purchases far more expensive over time.

International Business Times · Jul 30

Most American Believe Big Tech Has Too Much Power. They Also Think It's Time To Use Antitrust Laws

Most Americans believe that Big Tech and its CEOs have too much power and believe that the government should use antitrust laws against the industry.

International Business Times · Jul 29

'Cognitive Surrender' Isn't Just Affecting Employees, But Whole Organizations Too

Experts are warning that the "cognitive surrender" phenomenon has implications in the workplace and for organizations, particularly around decision-making.

International Business Times · Jul 29

A Major Crypto Firm Is Backing The Clarity Act. It Says The U.S. Is Losing Ground In The Industry

Digital Currency Group (DCG), one of the cryptocurrency industry's largest investment firms, has urged the U.S. Senate to pass the Clarity Act, arguing that the country is losing ground.

International Business Times · Jul 29

Microsoft's AI Business Keeps Accelerating. Meta's Profit Miss Shakes Investor Confidence And Its Stock Plunges

Microsoft impressed Wall Street with stronger-than-expected fiscal fourth-quarter results, fueled by continued momentum in its cloud computing and AI businesses, while Meta stumbled.

International Business Times · Jul 29

FIFA's $20 Billion World Cup Plan Sparks Global Backlash. UEFA Says Tournament 'Is Not FIFA's To Sell'

FIFA's ambitious plan to bring private investors into the commercial operations of the FIFA World Cup has ignited one of the biggest governance disputes in modern soccer.

International Business Times · Jul 29

The Fed Did What Investors Anticipated. Stocks Plunged Anyway And Nasdaq Entered Correction Territory

Stocks plummeted on Wednesday after the Federal Reserve left rates unchanged.

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