BUSINESS

Netflix is cutting 1,000 jobs as YouTube and TikTok intensify the fight for viewers, putting subscriber engagement and future growth under scrutiny.

Diesel supplies could remain tight well into 2027, the IEA warns, as record margins aid some refiners while crude and shipping costs squeeze others.

OCC report finds nine major US banks had policies that may have restricted services based on political or religious views and lawful business activities.

A Harvard study found men were more likely to claim knowledge of fictional AI figures, while the gender gap in factual understanding was relatively small.

Eight US states have sued OpenAI, alleging that ChatGPT exposed young users to dangerous interactions and that the company misled families about its safety.

OpenAI CEO Sam Altman says treating AI chatbots as religious authorities or replacing human judgement with them could pose a safety risk.

CVS will pay $315 million to settle US claims over opioid 'trinity' prescriptions, as former pharmacy chief Helena Foulkes runs for Rhode Island governor.

Google co-founder Sergey Brin gives $102M to oppose California's Proposition 40 billionaire tax, which could leave him with an estimated $13B bill.

US inflation rose to 3.7% in September as petrol prices jumped 34.2% over the year and real hourly earnings fell for a third month.

Twitch and Kick streamer Asmongold says he rejected gambling sponsorship offers worth more than $20 million, arguing that such promotions can harm viewers financially.

Israeli food-tech company Steakholder Foods has launched 3D-printed, plant-based salmon and white fish patties in the north-eastern US, but the packaging does not disclose the manufacturing method.

The EEOC is suing Kroger-owned Fred Meyer, alleging it denied pregnancy accommodations and fired two employees at a Washington store in violation of federal law.

Six Flags shares hit a 17-year low after a fatal incident in Georgia, as merger debt, losses and the temporary closure of nine rides deepen pressure on the operator.

War-related energy and shipping disruptions are increasing costs for banana producers, while higher fertiliser prices and expiring supply contracts could eventually push up supermarket prices.

Bank of America admitted to wilfully breaking US anti-money laundering law as the Treasury hit it with a $1.2 billion penalty over suspicious transactions tied to foreign laundering networks.

Bank of America faces over $1.21 billion in US penalties after regulators found anti-money laundering failures and delayed reporting of suspicious activity.

Bill Gates said he would accept $20B in tax but questioned a $100B bill as Elizabeth Warren renewed her push for a wealth tax on billionaires.