International Business Times - Business News, Financial news

NYSE

September's CPI Came In Hotter Than Expected And Geopolitical Tensions Climbed. Stocks Fell.

Traders believe there are higher chances that the Federal Reserve will hike rates in October's meeting, although they moderated their expectations throughout the day.

Iran Further Escalates Attacks in the Strait of Hormuz. Two Ships Were Sunk in a Day.
Netflix To Lay Off Nearly 1,000 Employees Despite Global Expansion. Its Stock Is Falling.
Inflation Came In Hotter Than Expected Last Month. Odds Of A Fed Rate Hike In October Are Surging.

Iran Escalates The Rhetoric Ahead Of The Midterms: 'Impatient To Sink American Warships'
"If the Americans think the Strait of Hormuz is open, let them come closer," IRGC chief Ali Ozmaei said.
Iran Is Reportedly Shifting Tactics To Increase Traffic Disruption In The Strait Of Hormuz
The tactics have not been revealed, but they seek to prevent the U.S. from bringing down oil prices ahead of the midterms.
Aramco's Headquarters Were Hit As Clashes With Houthis Escalate. Oil Prices Are Edging Up Again.
An administrative building in the province of Dhahran was hit, authorities said.
Global Conflicts Show No Signs Of Abating. The IEA Now Expects Diesel Supplies To Remain Tight In 2027.
Global exports dropped by 700,000 barrels per day last month compared to the last year.
China's CXMT Sparked A Global Chip Stock Rout. Why Samsung, Micron And SK Hynix Are Tumbling.
The company rattled investors with news of a technological advance that could allow it to produce more efficient memory chips capable of storing greater amounts of data in smaller spaces.
Speculation About A Strike Against Iran This Month Grow. Netanyahu Said It's 'Not Convenient' For Israel.
Both Israel and the U.S. have sought to downplay the chances of a strike before the countries' elections in late October and early November.

Latest News

THE BOTTOM LINE

openai apple

OpenAI Employee Allegedly Took Secret AI Device Files To Apple, Presented It To Top Executives.

OpenAI has not said whether Apple incorporated any of the allegedly confidential information into its own products.

Economy in Focus

Wall Street Is Trading Near Record Highs. The Richest 1% Own More Than Half Of America's Stock Wealth.
As major U.S. banks prepare to report quarterly earnings, fresh attention is falling on who owns the financial assets benefiting from Wall Street's rally.
- S&P 500 Profits Set To Surge More Than 30% In Q3 With AI Giants Dominating Growth
- SpaceX Could Borrow $40 Billion For Nvidia Chips As Musk Makes A Massive New Bet On AI. Its Stock Fell.
IMF Urges U.S. to Cut Deficits as Bond Yields Surge, Tells China to Move Away From Export-Led Growth
Managing Director Kristalina Georgieva said the United States and China must address structural imbalances that are putting increasing pressure on global financial markets.
- Global Debt Is Near Historic Highs. The IMF Warns That Bond Markets Could Face a 'Disorderly' Spike.
- Inflation Topped Expectations in September. The Annual Rate Stands at 3.7%.

Editor's pick

BlackRock headquarters

Bitcoin ETFs Lost $65 Million In A Day. One BlackRock Fund Accounted For Every Dollar.

The latest redemptions, however, represent a small fraction of the roughly $65.7 billion in net inflows BlackRock's fund has attracted since launching in 2024.

Craig Borysowich

Contributor

Banking Can't Afford to Wait on AI

A 2025 U.S. government report found that 8 out of 11 critical legacy IT systems examined still used outdated programming languages.

Contributor
Farmers Are Paying for Fertilizer Geopolitics
The World Bank reports that its fertilizer price index rose more than 12% in the first quarter of 2026, the sixth increase in seven quarters.
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Why Logistics is the Real Test of Cross-Border E-Commerce Success
ECDB forecasts that global cross-border e-commerce revenues will reach US$1.2 trillion by 2026, extending access well beyond large enterprises. But this access to international customers doesn't guarantee success in serving them.

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.

Social Security Checks Could Get A Bigger Boost In 2027. Here's How Much More Retirees May Receive.
Higher Medicare premiums and everyday living expenses could affect how much of the additional money retirees actually keep.
Republicans are Also Increasingly Blaming Trump for Rising Prices Ahead of The Midterms, Poll Shows
Democrat Candidate In Key Senate Race Reiterates Cost-Of-Living Message Ahead Of Midterms, Dismisses 'Faith'-Related Attacks

Iran Rejected Trying to Target a British Airbase. But a London Top Spy Says Tehran is Behind Several Plots.
"Major shift this year has been Iranian ambitions to come at harder targets, like military sites," said MI5 chief Ken McCallum.
A Ship Was Sunk Off The Bulgarian Coast. Sofia Summoned The Russian Ambassador.
Iranian Elite Guard 'Almost Certainly' Behind Foiled Attack Against RAF Fairford Base, British PM Says

Meta Unveiled a New Frontier Model as it Expands Its AI Footprint. Its Stock is Climbing.
Muse Wonder and Muse Wonder Full, according to the company, can deliver "state-of-the-art performance on personal and professional agentic tasks."
Corporate Profits Soared Fueled By AI Investment As Markets Gear Up For Q3 Earnings
AI Could Soon Copy Itself Onto Smart TVs or Fridges. Anthropic Says it Could Happen in a Matter of Months.