International Business Times - Business News, Financial news

NYSE

A Fed Governor Said He's Inclined To Keep Rates Unchanged. Yields Fell And Stocks Had Their Best Day In Weeks.

Christopher Waller said he's leaning toward keeping interest rates steady at the next central bank meeting in mid-September.

OpenAI Says Artificial General Intelligence Is Here. Bernie Sanders Is Calling For A Pause Of AI Development.
Fed Governor Waller Says He Will Be 'Inclined' To Keep Rates Unchanged If Inflation Data Doesn't Surprise
OpenAI Releases Its Latest Model, Says It Marks The Beginning Of The 'AGI Era'

Bessent's Treasury Move Is Fueling The Carry Trade. Emerging Markets Are Preparing For A 'Wall Of Money.'
Brazil, Turkey and Colombia emerging as some of Wall Street's favored destinations with their currencies strengthening.
Tensions Between Moscow And Europe Continue To Escalate. Norway Just Seized A Russian Ship.
The Professor Molchanov was taken to enforce a compensation claim won by an Ukrainian energy firm over the seizure of assets following Moscow's annexation of Crimea in 2014.
Nvidia Confirms The Acquisition Of Hugging Face For Almost $13 Billion. Its Stock Is Edging Up.
Nvidia CEO Jensen Huang said the deal will allow the company to "expand access to AI for developers and institutions worldwide."
6 In 10 Americans Call Themselves Working Class. Even Half Of Upper-Income Adults Do.
Americans without four-year college degrees are considerably more likely to identify as working class.
Iran Again Attacked Gulf Countries. Oil Is Climbing Further.
Kuwait said it intercepted missiles and drones launched from Iran.
The U.S. Once Offered Tax Breaks To Bring In Data Centers. Now Lawmakers Are Racing To Rein Them In.
Electricity bills, water use and local opposition are changing the politics around AI infrastructure even as the Trump administration pushes companies to expand computing capacity in the U.S.

Latest News

THE BOTTOM LINE

OpenAI

OpenAI Releases Its Latest Model, Says It Marks The Beginning Of The 'AGI Era'

Company President Greg Brockman said GPT-6 Astra represents a "generational leap."

The Spotlight

The massive miss on jobs creation fanned fears about the US economy

The Job Market Is Stable But Workers Say It Feels Frozen: Report

Washington Wants To Limit Chinese AI Models. One Of Them Helped Contain OpenAI's Cyber Incident.

Economy in Focus

Trump Says Oil Is Flowing Through Hormuz. Independent Trackers Show a Different Picture.
The Trump administration maintains that the U.S. Navy is assisting dozens of ships through the waterway at night and that many of those movements are not detected by commercial tracking services.
- The U.S. Has a New Strategy To Target Iranian Oil: 'Tanker For Tanker'
- U.S. Strikes Iran Again In The Strait Of Hormuz. Tehran Vows 'Harsh Punishment.'
Fed Governor Waller Says He Will Be 'Inclined' To Keep Rates Unchanged If Inflation Data Doesn't Surprise
Waller said that recent inflation trends "suggest we are finally seeing some signs of disinflation."
- Bond Yields Continue To Rise. New York Fed President Claims It's Because Of a Strong Economy.
- Warsh Says Fed Could Have 'Work To Do' If Inflation Doesn't Trend Down. Chances Of a Rate Hike Increased.

Editor's pick

Representation of Ethereum, with its native cryptocurrency ether, is seen in this illustration taken November 29, 2021.

Ether Just Erased Four Months Of Losses. Now $2,465 Is The Level To Watch.

Technical indicators show ether approaching a key resistance level after its sharp rebound, while U.S. spot ether ETFs have also drawn fresh investor money.

Fake

Contributor

Beyond the QR Code: Why Cannabis Verification Is Emerging as an Industry Practice

Today's fake vape packaging is remarkably convincing: logos, colors, materials, even QR codes can closely mirror the real thing. Visual inspection alone often isn't enough.

Contributor
The Illusion of the 'Omnipotent' Mind: An expert explained why AI breakthroughs are happening beyond fundamental models
Alphabet, Amazon, Meta, Microsoft, and Oracle could spend $1.1 trillion on AI by 2027, yet most companies struggle to generate returns. McKinsey found 65% are adopting generative AI, but few report tangible impact, underscoring the gap between AI's "omnipotent mind" image and its limits in specialized tasks.
Contributor
5 Must-Have POS Features Every Pool Supply Store Owner Needs
Chemicals, seasonal spikes, and repeat customers make pool supply retail tricky. Here are 5 POS features that keep shelves stocked and sales moving.

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.

Two Democrats Joined Republicans In a Vote. Party Leaders Are Up In Arms.
Two Democrats came to House Speaker Mike Johnson's rescue with a procedural vote that allowed the House to keep functioning and angered fellow Democrats.
Big Tech Says AI Can Help Younger Students Learn. New York City Schools Disagree And Are Taking Measures.
The U.S. Has a New Strategy To Target Iranian Oil: 'Tanker For Tanker'

Trump Wants For The U.S. To Take Over Greenland. Denmark Is Now Sending Conscripts There.
Copenhagen is set to spend billions to strengthen Arctic defenses.
Chinese Shipping Giant COSCO Accused of Spying for Beijing. U.S. Officials Say Ships Used Concealed Equipment.
Not Taking AI Seriously Could Lead To a Catastrophe, U.S. House Panel Warns

SoftBank's SB Energy Files for IPO, But OpenAI Dependence Emerges as Major Risk
In an S-1 registration statement filed with the Securities and Exchange Commission, SB Energy said it is "substantially dependent" on OpenAI, which serves as both a major tenant and an equity investor in the company.
Palantir CEO Is Betting on The War Tech Of Ukraine's Ousted Defense Minister
Trump Wants The World To Follow America's AI Playbook. His Own Team Is Still Fighting Over It.