Bank of America was fined $1.2bn by US regulators, including a record $750m OCC penalty, over severe AML failures and Bank Secrecy Act violations. The bank failed to monitor trillions in transactions linked to illicit finance, prompting criticism over persistent breakdowns in internal controls.
BBVA is partnering with Nvidia to strengthen AI agent security and governance. Using Nvidia's OpenShell Reference Architecture, the bank aims to build, monitor, and contain autonomous agents in real time, preventing unauthorized actions while boosting productivity.
A New Mexico judge ordered Meta to pay $25bn for misleading users over the Cambridge Analytica data scandal, directing the funds to public schools.
Barclays posted £2.3bn in Q3 pre-tax profit and launched a £500m buyback, just ahead of an expected UK bank tax hike in next week's budget.
Ryanair CEO Michael O'Leary warned European air fares could surge up to 20% in 2027 as airlines face soaring jet fuel bills with little hedging in place.
The EU opened an investigation into Booking.com over alleged DSA violations, calling its handling of fake listings and phishing scams "substandard".
UK national debt hit £3tn as monthly borrowing surged to £24.5bn on rising inflation and debt interest costs, putting pressure on next week's budget.
eBay plans to lay off about 1,100 employees to simplify operations and refocus on fast-growing sectors like authenticated luxury and collectibles.
As weight-loss drug users turn to unverified supplements to ease side effects, doctors and the FDA are raising flags over safety and loose ingredient rules.
Netflix shares fell after cutting its ad forecast and posting soft Q4 guidance, prompting co-CEO Ted Sarandos to pledge a refocus on quality core content.
SpaceX shares jumped over 8% after a huge Q3 revenue beat driven by its AI business and Starlink, while Elon Musk floated a potential merger with Tesla.
Driven by high fuel and energy costs, UK inflation hit a one-year peak of 3.5% in September, increasing pressure on the budget and Bank of England rates.
Elon Musk says merging SpaceX and Tesla is a good idea as both form committees to explore a deal. SpaceX also posted record Q3 AI revenue of $7.6B.
RTX stock rose after beating Q3 revenue and EPS estimates. The aerospace giant raised its 2026 outlook, driven by a record $340B order backlog.
SpaceX stock growth hinges on its new AI compute business. Analysts project up to $90B in 2027 neocloud sales and a potential Tesla merger.
OpenAI races to secure $30B at a $1.4T+ valuation before rival Anthropic's IPO, aiming to lock in capital and avoid direct comparisons amid tech volatility.
Unemployment fell to 4.7% as employment grew, but vacancies dropped to 691,000—a multi-year low driven by rising employer labour costs.
Microsoft has withdrawn from Nscale's £2bn Loughton data centre due to power delays extending into the 2030s. Nscale still plans to proceed.
A rumored SpaceX-Tesla merger could push Elon Musk's net worth to $2 trillion, driven by an AI-focused corporate consolidation.
Taiwan plans to buy 6M metric tons of LNG annually and invest up to $4.4B in Alaska's pipeline project, boosting U.S. ties.
Moscow resumed diesel exports after a controversial deal with Trump to lower global fuel prices ahead of the U.S. midterms.
Nasdaq drops 1% as hot inflation fuels Fed rate hike fears, threatening AI funding and triggering a massive tech stock selloff.
New WH press sec Katie Zacharia claims to be a lawyer, but no records show she ever passed the bar exam.
US CPI rose 3.7% annually in September on a 9.1% gas surge and broad price pressures, driving market odds of a year-end Fed interest rate hike above 96%.