BUSINESS

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Bank of America has been fined $1.2 billion by United States authorities after regulators found serious failures in its systems for detecting and reporting potentially suspicious financial activity, raising fresh concerns about the safeguards protecting the country's financial system.

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Higher gasoline prices are putting pressure on American consumers, with Walmart reporting its slowest US store sales growth since the earliest months of the Covid 19 pandemic.

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The Los Angeles Lakers are at the center of a dramatic ownership shakeup after former Disney chief executive Bob Iger and venture capitalist Josh Kushner agreed to purchase the storied NBA franchise for a record $12.5 billion.

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Mark Zuckerberg’s Meta has agreed to pay $16.68 billion as part of a historic settlement with 29 US state attorneys general who alleged the company purposely built Instagram and Facebook to addict kids. 

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As artificial intelligence continues to reshape industries around the world, Meta CEO Mark Zuckerberg believes the technology could lead to smaller companies without necessarily causing an overall decline in employment.

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Burger King is turning its attention from beef to poultry as it seeks to maintain its recent sales momentum and attract more customers with an improved range of chicken products.

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A New Mexico court has ordered Meta to pay nearly $1 billion following a landmark case over allegations that its social media platforms harmed young people and exposed them to risks including sexual exploitation.