BUSINESS

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DoorDash is set to acquire grocery delivery company Instacart in a $17 billion deal that could reshape the online delivery industry by bringing restaurant meals, household essentials and weekly grocery shopping under a broader commercial umbrella.

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Apple has acknowledged display problems affecting a small number of its newly launched iPhone Duo foldable smartphones, raising concerns about the durability of its first folding iPhone just days after its release.

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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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Meta is facing one of the largest financial penalties ever imposed on a technology company after a New Mexico judge ordered the social media giant to pay $25 billion over allegations that it misled users about its privacy practices.

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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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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.