A New Mexico jury on Tuesday ordered Meta to pay $375 million after finding the company violated state law by misleading users about the safety of its platforms and allegedly enabling child sexual exploitation. Jurors found the Facebook and Instagram parent company violated New Mexico’s consumer protection law following a lawsuit brought by Attorney General Raul Torrez, who accused Meta of failing to protect children from predators."The jury’s verdict is a historic victory for every child and family who has ...

United Airlines is warning that airfares could rise up to 20% if the cost of jet fuel remains elevated for longer due to the spike in oil prices amid the war in Iran. United CEO Scott Kirby said in an interview on Bloomberg TV on Tuesday that the airline anticipates consumer demand for air travel will soften if higher fuel prices continue to push ticket prices higher.Kirby added that United has already moved to cut 5% of its capacity on routes that aren't profitable and don't cover the cost of higher fuel p ...

The Fortnite craze might have reached its crescendo. Epic Games announced layoffs of 1,000 employees Tuesday, citing declining Fortnite engagement."We've had challenges delivering consistent Fortnite magic with every season," CEO Tim Sweeney admitted in a memo to staff. "Today we're laying off over 1000 Epic employees," the memo began. "I'm sorry we're here again. The downturn in Fortnite engagement that started in 2025 means we’re spending significantly more than we’re making, and we have to make major cut ...

BlackRock CEO Larry Fink said in his annual chairman's letter that Trump Accounts could provide a "very significant" boost in jump-starting savings and investment by younger Americans. Fink noted that Americans are struggling to save money for emergencies in addition to funding retirement plans, and explained that early wealth-building accounts for newborn children can help them start life on a solid financial footing.He said that experiments in Canada, the U.K. and Singapore have shown evidence that these ...

Members of Congress are losing a perk of flying Delta Air Lines because of the Department of Homeland Security shutdown. FOX Business confirmed Tuesday morning that Atlanta-based Delta has suspended specialty services for members of Congress flying Delta."Due to the impact on resources from the long-standing government shutdown, Delta will temporarily suspend specialty services to members of Congress flying Delta," a company spokesperson told FOX Business. "Next to safety, Delta's no. 1 priority is taking c ...

Billionaire Elon Musk said that Tesla and SpaceX will build an advanced chip facility in Austin, Texas, to help power the two companies' emerging technologies amid a shortage of chips. "Terafab will technically be two fabs, each making only one chip design," Musk wrote Sunday in a post on X. One of Terafab's facilities will be focused on AI chips for Tesla's electric vehicles and Optimus humanoid robots, while the other will be focused on AI chips for space-based data centers made by SpaceX.  Musk said that ...

A nationwide recall has expanded to include close to 10 million pounds of frozen vegetable fried rice sold at Trader Joe's stores in dozens of states, according to the U.S. Department of Agriculture (USDA) Food Safety and Inspection Service. Ajinomoto Foods North America Inc. announced a recall of 9,885,240 pounds of Trader Joe’s Vegetable Fried Rice after small pieces of glass were found in the frozen meals.The glass shards ranged from one to three cm long and two to four mm wide. 90,000 BOTTLES OF CHILDRE ...

Former National Economic Council director Gary Cohn warned that markets are hanging on "every word" as the United States’ war on Iran stretches into a fourth week. Joining "The Claman Countdown" on Monday, the former Trump economic official discussed how markets are behaving as President Donald Trump’s Operation Epic Fury begins to weigh heavily on Americans economically."I think volatility can be your friend, and it can be your enemy," he said Monday. "Because remember, fear and greed are what drive market ...

Runway incursions remain a threat to the safety of air travel as jets face risks from collisions with other aircraft as well as vehicles on the tarmac. An incident occurred at New York's LaGuardia Airport late Sunday night when an Air Canada Express CRJ-900, operated by the airline's regional partner Jazz Aviation as Flight 4686, collided with a fire truck while it was landing. The jet carried 72 passengers and four crew members and arrived in New York from Montreal.The collision killed both the pilot and f ...

Bank of America CEO Brian Moynihan on Monday sent a letter to shareholders along with the firm's annual report that detailed the bank's history and its role in America's growth as the nation prepares to celebrate the 250th anniversary of the country's founding. Moynihan noted that Bank of America's oldest legacy institution, The Massachusetts Bank, was formed in 1784, just one year after the Revolutionary War concluded with the Treaty of Paris. The bank's depositors helped the firm grow by lending money to ...