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The Latest Breaking News from International Business Times

Tech Stocks Slide As Nasdaq 100 Nears Correction Driven By AI Spending Fears

The Nasdaq-100 nears correction territory as investors question whether massive spending on AI by the world's biggest companies will yield returns.

International Business Times · Jul 29

How Hedge Funds Made Billions From Forced Buying of SpaceX Shares By Index Funds

Hedge funds made billions after index providers changed their rules to fast-track SpaceX so soon after its IPO, triggering $4.3 billion in forced passive buying.

International Business Times · Jul 29

Hugging Face Breach By OpenAi Raises Questions About Sandboxing Frontier AI Models

An OpenAI model managed to exit a sandbox environment and breach into Hugging Face.

International Business Times · Jul 29

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SK Hynix's Stock Has Been Plummeting. Short Sellers Are Piling Up

The ADRs of South Korean chipmaker SK Hynix have been falling over the past weeks amid a broader rout in the sector. Short sellers have been piling up bets against the company.

International Business Times · Jul 29

The Fed Kept Interest Rates Steady, But It Was Not a Unanimous Decision

The Federal Reserve left interest rates unchanged, but stubborn inflationary risks and renewed energy market volatility keep pressure on the central bank to tighten policy later this year.

International Business Times · Jul 29

Israel Reportedly Believes Iran Moved Centrifuges Deep Beneath a Mountain: 'Enrichment Is Currently Taking Place'

Israel believes Iran has moved centrifuges to Pickaxe Mountain and is enriching uranium there, according to a new report.

International Business Times · Jul 29

Republicans Are Renewing Scrutiny Of Pandemic Response With COVID Hearings. Fauci Pleaded The Fifth

Former White House chief medical adviser Dr. Anthony Fauci repeatedly invoked his Fifth Amendment right against self-incrimination while being grilled by Republicans during a contentious Senate hearing Wednesday.

International Business Times · Jul 29

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UBS CEO Says The Ongoing AI Pullback Is Healthy. But Another Risk Could Be the Next Big Threat for Investors

UBS CEO Sergio Ermotti believes the recent cooling in artificial intelligence-related stocks is not a reason for investors to panic, but geopolitical uncertainty could be.

International Business Times · Jul 29

Elon Musk Says Technological Advances Will Produce Mass Abundance In the Future. Then, Treasury Should Send Americans Checks

Musk's latest comments mark a notable shift from his tenure leading the Department of Government Efficiency, where he championed cutting federal spending before later advocating direct Treasury payments in an AI-driven economy.

International Business Times · Jul 29

Russia's Largest Online Retailer Is Being Targeted By Ukrainian Drones Attack As Part Of Its New Strategy: Hitting Moscow's Economy

Wildberries, Russia's largest online retailer, has repeatedly seen its infrastructure hit, disrupting one of the country's most important business networks while forcing the Kremlin to consider financial support.

International Business Times · Jul 29

Mark Zuckerberg Says The U.S. Should Accelerate, Not Pace, AI Development, Warning More Restrictions Could Put China Ahead.

Meta CEO Mark Zuckerberg is urging the United States to move faster on artificial intelligence rather than slowing the technology with new regulations.

International Business Times · Jul 29

U.S. Officials Believe Chinese Robots Could Pose A Security Threat. Their Sales Have Been Banned

Federal authorities have banned new imports of foreign made "advanced robotic devices," calling them a national security risk.

International Business Times · Jul 29

Co-CEO Lane Kasselman Says Blockchain.com Is Built to Outlast

Blockchain.com says its long-term strategy is built on serving as a gateway to the crypto ecosystem for individuals, institutions, and AI. Co-CEO Lane Kasselman believes the company's focus on infrastructure positions it to endure beyond market cycles.

International Business Times · Jul 29

Minnesota Banned 'Nudify'.ing Now, Elon Musk's xAI Is Suing On First Amendment Claims, Saying The Law Goes To Far

Elon Musk's xAI is suing Minnesota, claiming that the state's attempt to crack down on deepfake porn imagery goes too far and violates the First Amendment.

International Business Times · Jul 29

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International Business Times · Jul 29

OpenAI's AI Agent Incident Is Larger Than Previously Reported. It Reached a Second External System

New details have emerged about OpenAI's recent AI agent security incident, suggesting the system continued pursuing its assigned cybersecurity objective after escaping its testing environment and gaining internet access.

International Business Times · Jul 29

The Fed Looks Set To Hold Rates Steady, But September Is Starting To Look Different

With inflation remaining above target and energy market volatility adding new pressure, investors are increasingly betting that the central bank's could hike interest rates in September.

International Business Times · Jul 29

Iran And The U.S. Continue Fighting. Tehran Is Now Reportedly Set To Get More Weapons From China

Iran is set to receive hundreds of Chinese-made shoulder fired missile launchers as hostilities with the U.S. continue, according to a new report.

International Business Times · Jul 29

Trump Anticipates a Forceful Response Against Iran For Breaking The Lull In Fighting: 'They're Going To Get a Beating'

President Donald Trump anticipated a forceful response against Iran for attempted strikes against U.S. assets in Jordan.

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International Business Times · Jul 29

Iran Is Seeking To Charge Tolls For Passage Through The Strait Of Hormuz. The Houthis Will Reportedly Seek To Do The Same

Iran-backed Houthi rebels are considering charging fees for passage through the Red Sea, following Iran's intention to pursue such a move, according to a new report.

International Business Times · Jul 29

Iran Ended The Pause In Fighting With The U.S. With New Strikes. Oil Jumped As a Result

Oil is jumping on Wednesday after Iran resumed attacks against the U.S. after a brief lull in fighting.

International Business Times · Jul 29

Iran Ended a Brief Lull In Fighting With The U.S. With a New Missile Launch. Washington And Riyadh Retaliated Against Its Allies

Iran launched a surprise attack against a U.S. base in Jordan on Tuesday, breaking a brief lull in fighting with Washington.

International Business Times · Jul 29

America's Emergency Oil Reserve Keeps Falling To Decade Lows. Auditors Warn It May Not Be Ready For Another Crisis

The U.S: Strategic Petroleum Reserve fell this week to its lowest level since March 1983 after the federal government withdrew a total of 352 million barrels of crude oil over the past four years to respond to geopolitical conflicts.

International Business Times · Jul 29

Elon Musk's Companies Have Lost $1.5 Trillion In Value. SpaceX's Biggest Test Yet Starts Next Week

Since reaching recent highs in mid-June, SpaceX shares have tumbled nearly 50%, while Tesla has fallen about 18% following last week's earnings report.

International Business Times · Jul 29

Scientists Were Asked About Top AI-Related Risks. One In Five Think It Could Develop Dangerous Capabilities

Respondents of a new study estimated that there is a 20 percent chance in the next five years that AI could do something "catastrophic" that harms humanity or results in a million deaths.

International Business Times · Jul 29

The Future Of Wall Street Could Be AI Agents Trading Around The Clock. Human Investors May Only Set The Rules

A new wave of artificial intelligence-powered agents is being developed to execute investment strategies with little day to day human involvement, signaling what many on Wall Street believe could be the next major transformation in financial services.

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