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The Latest Breaking News from International Business Times

Inflation Rose Less Than Expected In June As Energy Prices Eased. New Clashes With Iran Could Jeopardize The Trend

Inflation rose below expectations in June as energy prices eased. However, they have been rising over the past days as tensions between the U.S. and Iran rise again.

International Business Times · Jul 14

Bill Gates Has Been Grilled About His Relationship With Jeffrey Epstein. Now His Foundation Is Not Receiving a Key Donation

Warren Buffet excluded the Gates Foundation from its annual donation of Berkshire Hathaway stock.

International Business Times · Jul 14

IBM's Second-Quarter Results Fell Short Of Expectations. Its Shares Are Plummeting

International Business Machines' shares plummeted on Tuesday after the company's preliminary second-quarter results fell short of expectations.

International Business Times · Jul 14

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"Bitcoin Will Be Higher": The Editor Who Broke FTX Says We're Still in the First Inning

Ben Schiller has been in journalism since 1997 and in crypto for a decade, which makes him one of the few people who watched the dot-com bubble inflate and pop before he ever heard the word blockchain.

International Business Times · Jul 14

Inflation Is Still Above Target. Fed Governor Christopher Waller Says Rate Hikes Could Still Be Coming

Federal Reserve Governor Christopher Waller urged policymakers to take a measured approach as they assess whether inflation is becoming entrenched again.

International Business Times · Jul 14

The AI Boom Is Putting The Career Ladder Into Question. It Is Also Leading Older Workers To Early Retirement

Workers aged 55 and older in occupations with greater exposure to AI became more likely to leave employment after ChatGPT was released in November 2022, according to a new study.

International Business Times · Jul 14

China's AI Race Is Producing New Winners. Goldman Sachs Says A Few Models Are Pulling Ahead.

China's rapidly expanding artificial intelligence sector is beginning to produce clear leaders as companies compete to improve large language models and expand enterprise adoption.

International Business Times · Jul 14

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Volkswagen is Fighting Rising Costs and Global Competition. Its CEO Says 100,000 People Could Be Laid Off To Reorganize

Volkswagen CEO Oliver Blume has warned employees that the German automotive giant may need to eliminate roughly 50,000 additional jobs on top of previously announced workforce reductions.

International Business Times · Jul 13

Wall Street Poised For Strong Q2 Earnings As SpaceX IPO, Market Volatility Drive Growth

JPMorgan, Goldman Sachs and other big banks are poised for strong Q2 earnings, fueled by the SpaceX IPO, Iran war-driven market volatility and a recovery in commercial lending.

International Business Times · Jul 13

The U.S. And Iran Are Escalating Clashes Again. Stocks Dropped And Oil Soared Almost 10%

Stocks dropped on Monday as tensions between the U.S. and Israel flare up again.

International Business Times · Jul 13

How Online Marketplaces Manage Consumer Protection Risks: Temu as a Case Study

This article takes Temu as a case study, examining the controls it has put in place and how its approach has evolved since its 2022 launch.

International Business Times · Jul 13

Restaurants Are Finding AI's Next Job: Running the Business Behind the Kitchen

For operators managing multiple locations, recovering one or two percentage points of labor or food costs can translate into tens—or hundreds—of thousands of dollars annually.

International Business Times · Jul 13

Trump Calls For Senate Vote On CLARITY Act. He Says It's A Tribute To Lindsey Graham.

President Donald Trump has renewed his push for comprehensive cryptocurrency legislation, urging the Senate to approve the CLARITY Act while dedicating the effort to the late Sen. Lindsey Graham.

International Business Times · Jul 13

PanTerra Streams.AI Extends Microsoft Teams Into a Full Enterprise Communications Platform

Streams.AI for Microsoft Teams is now available to PanTerra customers on Business Plus and Professional Plus plans at no additional integration cost.

International Business Times · Jul 13

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International Business Times · Jul 13

Paramount Made A Bid to Acquire Warner Bros.-Discovery. Now 12 States Are Suing to Block the Merger.

A coalition of 12 U.S. states filed a lawsuit Monday seeking to stop Paramount Skydance's proposed $110 billion acquisition of Warner Bros. Discovery, arguing the blockbuster media merger would reduce competition, drive up prices for consumers and further consolidate power in Hollywood.

International Business Times · Jul 13

The Push For Age Limits In Social Media Use Is Growing. Europe Is Now Joining The List

The European Commission plans to introduce age-based restrictions on children's access to social media as governments worldwide tighten online safety rules.

International Business Times · Jul 13

Meta Has Been Looking to Expand Its AI Capabilities. It Has Now Announced Plans on Invest $50 Billion on a New Data Center.

Meta is dramatically expanding its largest artificial intelligence infrastructure project, increasing the planned investment in its Hyperion data center in rural Louisiana to more than $50 billion.

International Business Times · Jul 13

Israel Reportedly Groomed Mahmoud Ahmadinejad to Lead Iran. Now He's Missing From Public View

A bombshell report alleges that Israel spent years grooming former Iranian President Mahmoud Ahmadinejad to become a potential leader of a post-Islamic Republic Iran.

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International Business Times · Jul 13

SpaceX's Stock Keeps Falling And Is Now Close To Breaking a Key Level

SpaceX's stock continues to fall on Monday, getting close to its IPO price.

International Business Times · Jul 13

Trump Announces His Intended Replacement For Lindsey Graham As Interim Senator: His Sister

President Donald Trump called on South Carolina Governor Henry McMaster to appoint Lindsey Graham's sister Darline as the interim replacement of his brother, who died unexpectedly this weekend.

International Business Times · Jul 13

AI Is Reshaping The Job Market. Most Workers Now Want A Share Of The Wealth.

A new national survey has found broad support for a public AI wealth fund as concerns over automation and tech layoffs continue to grow across the United States.

International Business Times · Jul 13

As Prices Rise, Americans Increasingly Turn To Credit To Buy Food

Americans are increasingly struggling to pay for groceries, with many households resorting to credit cards or savings to buy food, a new report found.

International Business Times · Jul 13

Once Partners, Elon Musk And Sam Altman Now Openly Spar On Social Media With Insults And Insinuations

Tech titans Elon Musk and Sam Altman engaged in an X clash, highlighting ongoing tension between the billionaires.

International Business Times · Jul 13

Tech Executives Say AI Demand Remains Strong as Businesses Shift. 'Tokenmaxxing' Has Given Way To 'Valuemaxxing'

Leaders in the AI industry argue that investors are becoming more strategic about where they deploy AI and how they measure its return on investment after recent volatility in semiconductor stocks.

International Business Times · Jul 13

The U.S. Is Seeking To Prevent Iran From Charging Tolls In The Hormuz Strait. Now Trump Says The U.S. Will Do it

President Donald Trump said that the U.S. will collect revenue from protecting ships passing through the Strait of Hormuz.

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