International Business Times - Business News, Financial news

NYSE

The U.S. Escalated The Trade War With Canada And Unveiled More Sanctions Against Iran. Stocks Were Mixed.

Key technology stocks led the decline, overshadowing a decrease in Treasury yields.

Canada's Trade Fight With Trump Is Getting Costlier. Nearly 90,000 Jobs Could Be At Risk In The Country.
Trump Admin Unveils 'Operation Economic Outcast' Against Iran. China Could Be Reached.
The Treasury Could Reportedly Dip Into The Massive Treasury General Account To Fund Bond Buybacks

U.S. And Canada Escalate Their Trade War. Trump Announces Hike To Auto Tariffs.
President Trump announced 50 percent tariffs on Canadian goods after talks with Canadian Prime Minister Mark Carney stalled.
The U.S. Is Doubling Down On Economic Economic Pressure Against Iran. Its Currency Just Hit A New Low.
A U.S. dollar is now worth more than 2 million rials.
U.S. Threatens With 'Single Greatest Financial Offensive Ever' Against Iran. Tehran Takes Aim At Oil Traffic.
"We are now entering the endgame," Treasury Secretary Scott Bessent said.
Ensuring A Supertanker Goes Through The Strait Of Hormuz Now Costs Tens Of Millions, Total CEO Says
The U.S. military said it has helped the transport of over 660 million barrels of oil through the Strait of Hormuz despite Iran's blockade over the past months.
The Treasury Could Reportedly Dip Into The Massive Treasury General Account To Fund Bond Buybacks
Treasury Secretary Scott Bessent announced last week the doubling of bond buybacks, but concerns returned quickly.
Trump Admin Unveils 'Operation Economic Outcast' Against Iran. China Could Be Reached.
"We want to make clear here today that no one is above the reach of U.S. sanctions," Bessent said, an apparent reference to whether China would be impacted by the decision.

Latest News

THE BOTTOM LINE

Goldman Sachs

A Top Goldman Sachs Official Is Warning That Too Much AI Could Actually Harm Bankers' Skills

Chris Churchman said a balance needs to be found.

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

Stocks Haven't Been This Expensive Since 1999. The Last Time It Happened, They Fell 50%.
The S&P 500's Shiller price-to-earnings ratio recently reached 42.2, the highest level in more than 26 years, putting the closely watched valuation measure within striking distance of its November 1999 record of 44.2.
- Tech Giants Dominated The S&P 500 For Years. Now The Other 493 Stocks Are Catching Up.
- Alibaba Is Betting Another $10 Billion On AI. Investors Aren't Sold Yet And Its Stock Fell.
U.S.-Iran Tensions Remain High As Washington Begins 'Economic D-Day.' Oil Is Dropping Anyway.
Iran's state-controlled Persian Gulf Strait Authority said vessels warning its transit rules through the Strait of Hormuz could face "fines, seizure, or confiscation" in the future.
- The U.S. Is Doubling Down On Economic Economic Pressure Against Iran. Its Currency Just Hit a New Low.
- U.S. Threatens With 'Single Greatest Financial Offensive Ever' Against Iran. Tehran Takes Aim At Oil Traffic.

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.

Discover Dominica Authority

Contributor

After the Storm That Erased It, One Caribbean Island Chose to Rebuild Bigger

For a small Caribbean nation of fewer than 70,000 people, the storm was the kind of event that often ends a development story before it begins, sending a country into years of patching back toward whatever existed before.

Contributor
Dubai culture isn't an oxymoron – it's why people are staying
Dubai has evolved from a global business hub into a place where culture, education, creativity, and community help families build a lasting future.
Contributor
Rezerra CEO Jesse Williams Is Playing the Long Game in Battery Storage
Jesse Williams, CEO of Rezerra, discusses acquiring 49 battery energy storage systems with a 20-year long-term operator commitment to stabilize grid reliability.

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.

Lewis Hamilton Fans Debate Whether 'The Kardashian Curse' Actually Cancelled Out Ferrari Bad Luck
Fans debate if Kim Kardashian's presence has reversed Ferrari's bad luck, coinciding with Lewis Hamilton's recent success. The theory gains traction ahead of the Dutch Grand Prix.
What's Next for Karoline Leavitt After Leaving White House Role? Her New Job Revealed
'Human Printer' Natalie Harp Reportedly Eyed to Replace Karoline Leavitt Amid Donald Trump Favouritism Row

Defunct MoU Has A Key Iranian Backer. Pezeshkian Floats 'Neither War Nor Peace' Scenario.
The US and Iran had agreed on a deal in June to pave the way for an end to the conflict. The broader terms of a peace deal were to be chalked out in 60 days. The 60-day period has ended but there has been no significant progress in backchannel negotiations as the US and Iran failed to reach a consensus on the management of the contentious Strait of Hormuz.
Iran's Top Security Chief Escalates Rhetoric. Warning Aimed At US Allies.
A Tussle Is Brewing In Iran's Political Landscape. Peace Is An Option For Some.

Apple's AI Pivot Leads to 200+ Job Cuts: Siri and Vision Pro Teams Hit by Restructuring
Apple has laid off over 200 employees from its Siri and Vision Pro teams as part of a strategic shift towards AI advancements, affecting immersive video and gaming roles.
Former SpaceX Engineers Are Reviving a Forgotten Nuclear Project. AI Data Centers Could Be the Customers.
New York Just Beat San Francisco in Tech Talent Attraction. Wall Street and AI Are Fueling the Rise.