International Business Times - Business News, Financial news

Wholesale

Wholesale Prices Just Provided Another Encouraging Sign For Inflation In July

Wholesale prices remained flat in July, below expectations.

July Inflation Was In Line With Expectations. Expectations For A Fed Rate Hike Decreased.
Headline And Core Inflation Rose In Line With Expectations In July, BLS Data Shows
The AI Buildout Is Fueling The Stock Market. It Could Also Be Contributing To Keeping Inflation Stubborn.

Trump Switched Planes In Turkey Due To An Alleged Iranian Threat. CIA Analysts Had Low Confidence In It.
President Donald Trump left Turkey on a plane other than the Air Force One due to a credible Iranian threat, according to a recent report. Another article said U.S. intelligence officials had low confidence of such an attack taking place.
The AI Buildout Is Fueling The Stock Market. It Could Also Be Contributing To Keeping Inflation Stubborn.
The enormous cost of building the infrastructure needed to power it may be adding to inflation before those promised productivity gains arrive.
A Prolonged Hormuz Closure Could Send Crude To $140 As U.S.-Iran Deal Remains Elusive
Oil prices remain far below the surge above $100 a barrel last month and the peak of more than $110 reached in May, but analysts say the relative calm may become increasingly difficult to sustain.
Trump Acknowledges Switching Planes In Turkey Due To Alleged Iranian Threat, Says He Was In Greater Danger Than Decoy
President Donald Trump said the plane he boarded after surreptitiously leaving the Air Force One before departing Turkey last month was actually more dangerous.
Big Wins, Major Upsets And A Trump Setback. Here's What Happened In Tuesday's Primaries.
Tuesday's primaries offered a glimpse of the battles shaping the 2026 midterms, from Democratic fights over ideology and generational change to fresh questions about the power of President Donald Trump's endorsement.

Latest News

THE BOTTOM LINE

ai drug development

AI Could Cut 10 Weeks From Cancer Trials. Drugmakers Could Save Millions.

AI agents could accelerate the clinical development of cancer medicine by approximately 10 weeks while reducing direct operating costs by as much as $5.6 million in late-stage trials.

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

The U.S.-Iran Stalemate Over The Strait Of Hormuz Continues. Oil Prices Are Edging Down Anyway.
Oil prices are edging down on Wednesday even though the stalemate over the Strait of Hormuz continues.
- Saudi Arabia Scrambles to Avoid Red Sea Attacks. Oil Flows Through Egypt Soar.
- The IEA Had Already Reduced Its Oil Demand Forecast. It Has Done So Once More.
U.S. Sends Back $33.4 Billion in Tariffs in July. Refunds Now Top $100 Billion.
The U.S. government refunded $33.4 billion in tariffs to businesses in July, pushing total repayments above $100 billion since the Supreme Court struck down President Donald Trump's sweeping emergency tariffs earlier this year.
- Trump Media Is Selling Early Access To The President's Social Media Posts. He Is Now Getting Sued.
- Trump Admin Returns $100 Billion in Tariffs. More Are Still Pending

Editor's pick

Bitcoin

Bitcoin's Search For A Bottom Continues. Technical Signals Are Starting To Shift

While Bitcoin remains under pressure after months of volatility, several widely followed technical indicators suggest selling momentum may be easing, according to market analysts.

Every household needs an air purifier.

Contributor

The Financial Reset: A Practical Framework for Regaining Control of Household Debt

A practical guide to managing household debt, creating a realistic budget, building savings, and developing sustainable strategies to regain control of your finances.

Contributor
The Last Cheap Watt: Where Bitcoin Mining Goes When Data Centers Take the Grid
Bitcoin mining profitability 2026 is not only a question of ASIC price, hashprice, or pool selection.
Contributor
How to Accept Crypto Payments as a Business: A Guide to Stablecoin Settlement
The growing interest in on-chain finance is reflected in various industry reports, including those from Big Four accounting firms, fintech companies, and payment service providers.

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.

Social Media Companies Face a Potential Legal Reckoning As Thousands Of Lawsuits Are Set To Move Forward
A federal appeals court ruled that thousands of lawsuits filed against Meta and other social media companies for being addictive can move forward.
Trump Doubles Down On Economic Pressure On Iran As Prospects For a Deal Fade: 'I'm Their Banker'
Foreign Developers Spent Millions Licensing Trump's Name. The White House Says There's No Conflict.

Putin Threatens To Retaliate Against Western Countries Over Seizure Of Commercial Vessels
Russian President Vladimir Putin threatened to retaliate for the seizure of commercial vessels from Western countries, calling such actions "piracy."
NATO Country Believes Russia Will Stage a False Flag Attack Against Critical Infrastructure
U.S. Brokers Deal To Get Nuclear Material From The al-Assad Era Out Of Syria

MySpace Hopes Nostalgia Could Fuel a Comeback. But It Got Burned In Its Last Relaunch.
In a new documentary, the current owners of MySpace say they are planning yet another comeback for the once-dominant social media website.
OpenAI Employees Can Email Sam Altman When Work Gets Stuck And Cut Through Bureaucracy
Intel Is Increasing The Amount Of Money It's Raising As AI Demand Soars. Its Stock Is Flat.