BUSINESS

The US House backs legislation to end penny production, round cash totals to five cents, and keep existing one-cent coins as legal tender.

A California appeals court upheld a $23.3M award against Sriracha maker Huy Fong Foods after a jury found it defrauded former pepper supplier Craig Underwood.

Coinbase CEO Brian Armstrong rejects a charitable foundation, criticises organised philanthropy and backs The Battle of Polytopia's 2026 championship.

Michael Burry cites John Ioannidis's research essay while accusing OpenAI and Anthropic of using AI fears to build hype ahead of possible IPOs.

Anthropic is heading for a stock market listing near $1tn. UK tracker pension funds could buy its shares automatically under index rules, regardless of savers' concerns over safety.

Oracle has added about $700 million to its restructuring plan, lifting expected costs to roughly $2.8 billion as AI and cloud investment continues alongside efficiency measures.

Revolut says a fake government request exposed passports, selfies and financial data belonging to a limited number of customers, without hacking its systems.

Ruiz Foods plans to eliminate 176 jobs at its Dinuba plant, including 170 layoffs on 4 November, as the facility moves to a five-day production schedule.

Bread Ahead founder Matthew Jones says Borough Market will not renew its lease, putting 83 London jobs at risk as talks over the bakery continue.

Tesla Cybercab rides have begun in Austin, but firefighters question how to move a stalled vehicle. NHTSA is auditing about 1,000 Cybercabs.

OpenAI's ChatGPT for Financial Services automates research, modeling, and pitchbooks, helping cut down the 100-hour workweek and boost productivity with AI-driven financial analysis.

The privacy issues with LG smart TVs, including data collection, audio recording, and network scanning, and their impact on consumer trust and the value of viewing data.

Justine Musk alleges that Elon Musk referred to the mothers of his children as 'breeders' in Alex Gibney's documentary, which examines his relationships, business career, and political influence.

Netflix faces boycott calls after its UK account's 'neck injury' post landed on the Charlie Kirk anniversary. Users posted cancellations, yet the stock closed flat, and Netflix denies any link.

AI remains a significant factor in US layoffs, but restructuring has emerged as a leading cause. The labour market is evolving, with AI reshaping tasks rather than directly replacing jobs.

Uber has ended ride-hailing operations in Nigeria after 12 years, leaving drivers and riders to adjust as the company redirects investment and restructures its global business.

Parental gifts fund down payments for 22% of first-time US buyers, but advisers warn of IRS limits, lender paperwork, and retirement risk.