Bloomberg Business

Facebook owner Meta Platforms Inc. was hit by a record €1.2 billion ($1.3 billion) European Union privacy fine and given a deadline to stop shipping users’ data to the US after regulators said it failed to protect personal information from the American security services.

Apple Inc.’s rally in 2023 has brought it back to the brink of a historic threshold: a $3 trillion market valuation.

Russia’s refineries have processed less crude in May due to seasonal maintenance, but the drop in supplies to the facilities was too small to provide concrete evidence that the country has fully implemented its pledged production cuts.

Blade Air Mobility Inc. will bring its helicopter service to Jersey City, offering local residents a shorter ride to New York City’s airports with a new stop on the Hudson River waterfront.

Abu Dhabi’s main energy company boosted the size of its maritime logistics unit’s initial public offering by more than a quarter to as much as $769 million, indicating appetite for Gulf listings remains healthy despite weaker market conditions.

Ryanair Holdings Plc dangled the prospect of paying a dividend should the Irish low-cost airline extend its strong performance over the next year.

A closely watched metals ratio is signaling investors are getting increasingly skittish about the prospects of recession, while in the US, power generators are burning record levels of natural gas on a seasonally adjusted basis. Here are five notable charts to consider in commodity markets as the week gets underway.

Federal Reserve Bank of St. Louis President James Bullard said he expects the central bank will need to raise interest rates twice more this year to quell inflation.

PacWest Bancorp, one of the US lenders engulfed in the regional banking turmoil, agreed to sell a $2.6 billion portfolio of real estate construction loans amid efforts to shore up liquidity.