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Meta’s $355-Million Tax Break Fight Involves Zuckerberg’s $4.1-Billion Payout
When Mark Zuckerberg exercised a huge batch of Facebook stock options in 2012 and 2013, the company counted billions of dollars of that payout as wages for research. That helped Facebook, now Meta, claim about $355 million in federal tax credits.

By The Financial District
Oct 52 min read


Broadcom to Lend Anthropic Up to $42 Billion for Chip Infrastructure
Broadcom has agreed to lend Anthropic up to $42 billion to help finance the artificial intelligence company's infrastructure needs.

By The Financial District
Oct 51 min read


Accenture Shares Rise After Earnings Jump and Upbeat 2027 Guidance
Accenture reported fourth-quarter fiscal 2026 revenue of $18.68 billion and GAAP diluted earnings per share of $3.29, while providing fiscal 2027 guidance for revenue growth of 3% to 6% in local currency.

By The Financial District
Oct 51 min read


Anthropic Discloses $518 Billion Infrastructure Commitment in IPO Filing
Anthropic's confidential IPO prospectus has revealed plans for about $518 billion in future infrastructure commitments as the artificial intelligence company prepares for a potential public offering.

By The Financial District
Oct 51 min read


Carney Criticizes Cleveland-Cliffs Over Stelco Layoffs
Canadian Prime Minister Mark Carney criticized Cleveland-Cliffs, the US owner of Stelco, after the Canadian steelmaker announced plans that could affect up to 500 workers at its Hamilton, Ontario, operations.

By The Financial District
Oct 41 min read


Elon Musk Says Delta Could Lose Customers Over Starlink Decision
Space Exploration Technologies Corp. CEO Elon Musk said Delta Air Lines could lose customers after the airline chose Amazon's Leo satellite internet service instead of SpaceX's Starlink.

By The Financial District
Oct 41 min read


Hoster Brewing to Close Columbus Brewery on Oct. 31
Hoster Brewing Company will close its brewery and taproom in Columbus, Ohio, on Oct. 31, citing rising operating costs, higher rent and changing consumer habits.

By The Financial District
Oct 21 min read


Teen Security Researcher Finds Authentication Flaw in Microsoft Analytics Platform
A 16-year-old security researcher known as Faav discovered an authentication vulnerability in Microsoft's internal Titan analytics platform that potentially exposed access to databases containing an estimated 17 trillion rows of data.

By The Financial District
Oct 12 min read


Oracle Gave Larry Ellison and Co-CEOs $1 Billion in Stock Options that have Sunk
Oracle awarded co-founder Larry Ellison and its newly appointed co-CEOs stock-option packages with a combined grant-date value of $988 million in fiscal 2026, a year in which its cloud business boomed and its shares posted a 38% total return.

By The Financial District
Sep 301 min read


YouTube, Meta Reverse Course on "Musk" Trailer Ad
Following an outcry over the potential suppression of an advertisement, YouTube and Meta are reversing course on a trailer ad for an Elon Musk documentary. Bleecker Street, the studio behind Alex Gibney's upcoming "Musk," will be allowed to purchase an advertisement for the trailer after all.

By The Financial District
Sep 301 min read


OpenAI Pauses Model Training as AI Agents Face Scrutiny Over Government Websites
OpenAI said it has paused training of its latest artificial intelligence (AI) models as reports of AI agents behaving unexpectedly continue to mount.

By The Financial District
Sep 301 min read


Former Plastics Salesman Becomes Billionaire After Blockbuster IPO
After graduating from high school, Sun Aixiang spent nearly two decades selling plastics and adhesive products such as glue and tape.

By The Financial District
Sep 301 min read


McDonald's Sell-Off Nears 30% as Big Mac Inflation Spurs Pushback
McDonald's Corp. faces a key challenge as it seeks to revive its sagging stock price: winning back cost-conscious diners who believe its menu has become too expensive.

By The Financial District
Sep 301 min read


Transluce Finds Earlier Attempts by AI Agents to Bypass Web Security
Concerns over rogue AI agents intensified after OpenAI disclosed in July that models involved in cybersecurity testing had created a swarm of agents that accessed Hugging Face systems.

By The Financial District
Sep 291 min read


Maserati Looks Beyond U.S. Market As Sales And Revenue Fall
Maserati's financial performance deteriorated in 2025 as vehicle deliveries fell to 7,900 from 11,300 a year earlier, according to Stellantis' financial results.

By The Financial District
Sep 291 min read


Rolls-Royce Begins Testing Project Nightingale Electric Convertible
Rolls-Royce has begun global testing of Project Nightingale, its limited-production electric Coachbuild Collection model, putting the company on track to begin customer deliveries in 2028.

By The Financial District
Sep 281 min read


Toyota Reportedly Plans First Extended-Range EV for China in 2027
Toyota is reportedly preparing its first extended-range electric vehicle (EREV) for production in China, with manufacturing potentially beginning in April 2027.

By The Financial District
Sep 281 min read


Warren Buffett Warned of Risks to the U.S. Dollar
Warren Buffett spent more than six decades building Berkshire Hathaway into one of America's most powerful companies. At his final annual shareholder meeting as CEO in May 2025, Buffett warned shareholders about the long-term risks posed by U.S. fiscal policy and the dollar.

By The Financial District
Sep 281 min read


Oracle Issues "Force Majeure" Notice On New Mexico Data Center
Oracle shares fell at one point last week after the company issued a “force majeure” notice involving its Project Jupiter data center in New Mexico, a move that could provide contractual protection if the project fails to meet its planned timeline.

By The Financial District
Sep 281 min read


Meta Shares Rally as Muse AI Boosts Investor Sentiment
Meta Platforms shares have rallied sharply this week following the launch of the company's Muse artificial intelligence assistant, bringing the stock close to its previous record closing high.

By The Financial District
Sep 281 min read


Microsoft Unveils New Copilot with Home, Code and Autopilot
Microsoft has unveiled a redesigned version of Copilot that brings together workplace chat, coding and autonomous agent capabilities in a single platform.

By The Financial District
Sep 281 min read


Starbucks to Close 250 Stores in U.S., Canada this Week
Starbucks plans to close approximately 250 coffeehouses in the United States and Canada this week as its turnaround under CEO Brian Niccol continues.

By The Financial District
Sep 281 min read


AI Labs Cut Model Costs As Industry Confronts High Development Spending
The shift toward more powerful but lower-cost AI models could help companies build more sustainable business models and potentially make it easier to slow the pace of frontier development.

By The Financial District
Sep 262 min read


SoftBank Raises $11.1 Billion in Jumbo Bond Sale to Fund AI Investments
SoftBank Group Corp. raised $11.1 billion through dollar- and euro-denominated bonds as the Japanese conglomerate seeks to finance its large investment in artificial intelligence.

By The Financial District
Sep 251 min read
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