Business

The US Treasury Department said it is imposing more than $1.2 billion in penalties against Bank of America. The Treasury said in a Tuesday news release that the bank — the country’s second-largest — failed to report over $5 billion in suspicious transactions to the Financial Crimes Enforcement Network. This included Chinese money-laundering networks along
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Walmart, America’s largest private employer, said it will expand the health benefit options for its 1.6 million-strong workforce. The retail giant said Tuesday that health plan participants will have several new benefits starting in 2027, including about 250 prescription drugs at no cost, including some insulin and inhalers. A spokesperson also told Business Insider that
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AI could help keep the global economy growing while pulling the first rung of the career ladder out from under young workers. That’s the warning from International Monetary Fund managing director Kristalina Georgieva, who described AI as a “tsunami” for jobs during a conversation in Bangkok, where Thailand is hosting the IMF–World Bank Annual Meetings
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Donald Trump wants two letters scrubbed from the tech industry’s vocabulary, and some executives are already reaching for replacements. Salesforce CEO Marc Benioff said Friday that his company’s AIForce platform is getting a new name. “The era of Super Intelligence is here. AIForce is officially SIForce,” Benioff wrote on X. The announcement follows Elon Musk’s
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The Trump administration’s Thursday declaration that it was suspending Microsoft and Adobe from a federal visa sponsorship program is reverberating through the tech industry. Immigration attorneys told Business Insider that employees on H-1B visas working at Microsoft, Adobe, and the other named tech companies should seek counsel and get clarity about their status in light
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Netflix has released its first trailer for “The Altruists,” its upcoming series dramatizing the massive multibillion-dollar fraud scheme that led to the collapse of Sam Bankman-Fried’s cryptocurrency empire, FTX. In the eight-episode series, which hits the streaming giant on November 19, Anthony Boyle stars as Bankman-Fried, opposite Julia Garner, who plays Caroline Ellison, a former
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JPMorgan Chase CEO Jamie Dimon said Anthropic’s Mythos AI model has dramatically raised cybersecurity risks. The risks “went up 10-fold after Mythos,” Dimon told Bloomberg TV on Tuesday. “AI created vulnerabilities that we didn’t know about, and we always worried about cyber before these things,” he added. The JPMorgan CEO has long described cybersecurity as
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Health-focused restaurant chain True Food Kitchen, which has counted Oprah Winfrey and former Starbucks CEO Howard Schultz among its backers, has filed for bankruptcy. The Phoenix, Arizona-founded chain filed for Chapter 11 bankruptcy protection in a Texas court on Sunday and is pursuing a court-supervised sale of the business as part of its restructuring proceedings.
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