- #1 Editor's pick Fortune since Oct 16
Jeff Bezos sold his record-breaking $63M Seattle mansion — his Washington exit, in one data point
Editor's note: Bezos bought the Hunts Point mansion for $37.5M in 2019 and sold it this spring for $63M — then reinvested in a $237M Indian Creek, Florida compound. The underlying arithmetic: Washington's 9.9% capital-gains tax (effective 2022, upheld by the state Supreme Court 2023) plus the new 9.9% millionaires tax signed March 2026 for 2028. Florida has neither. This is state-tax arbitrage at the extreme end — the same mechanic that quietly reshapes retirement planning for anyone with concentrated equity in a high-tax state. Case study expanded in the Real Estate Investment Tax Strategies analysis. - #2 100 Reuters
Meta shares slide, default insurance hits record as AI spending alarms investors - Reuters
Meta shares slide, default insurance hits record as AI spending alarms investors Reuters
- #3 100 The Guardian
Elon Musk reportedly invests $1bn in David Ellison’s Skydance
Musk’s investment into the new media empire comes after Paramount’s $111bn merger with Warner Bros DiscoveryElon Musk has reportedly invested approximately $1bn in Skydance, the new media empire led by David Ellison.The deal comes alongside fresh equity infusions from existing investors, including board member Laurene Powell Jobs, Steve Jobs’s widow. Semafor first reported the news. Continue readi
- #4 84 FT
Nasdaq tumbles while Treasuries soar as Meta rekindles AI spending fears
Social media group’s market value sinks by $124bn after it says it will raise ‘hundreds of billions of dollars’ in coming years
- #5 81 MarketWatch
3 big reasons Micron and other chip stocks fell hard on Thursday
Investors are spooked by Tesla’s lower spending target, Lam Research’s weaker-than-expected forecast and a fresh reminder that the AI boom relies on outside funding.
- #6 80 CNBC
Meta stock sinks nearly 7% as AI spend pushes free cash flow negative
Prices for the social media giant's five-year credit default swaps are reaching all-time highs as investors signal growing credit concerns.
- #7 75 CNBC
SK Hynix shares slide after chipmaker scraps Solidigm IPO plans
SK Hynix has shelved plans for a potential U.S. IPO of Solidigm amid market volatility and share price concerns.
- #8 69 Bloomberg
SK Data Center Arm in Talks to Fund $350 Billion AI Buildout - Bloomberg.com
SK Data Center Arm in Talks to Fund $350 Billion AI Buildout Bloomberg.com
- #9 69 Bloomberg
China AI Model Stocks’ $150 Billion Drop Shows No Sign of Easing - Bloomberg.com
China AI Model Stocks’ $150 Billion Drop Shows No Sign of Easing Bloomberg.com
- #10 67 Bloomberg
Japan Inflation Rises Above BOJ Target, Backing Rate Hikes - Bloomberg.com
Japan Inflation Rises Above BOJ Target, Backing Rate Hikes Bloomberg.com
- #11 66 Barron's
A SpaceX-Tesla Merger Feels Inevitable. Is It Actually a Good Deal? - Barron's
A SpaceX-Tesla Merger Feels Inevitable. Is It Actually a Good Deal? Barron's
- #12 66 Reuters
Microsoft develops AI tool that can diagnose 'sequentially' like a doctor - Reuters
Microsoft develops AI tool that can diagnose 'sequentially' like a doctor Reuters
- #13 63 MarketWatch
The U.S. stock market is fracturing into two camps, and it’s leaving investors with a brutal case of whiplash
The artificial-intelligence trade is on the ropes. CNN’s “Fear & Greed” index is screaming fear, and the yield on the 10-year Treasury note just clinched its biggest daily drop since the collapse of Silicon Valley Bank.
- #14 63 CNBC
Japan core inflation in September surges to its highest this year at 2.1%
Core inflation, which strips out prices of fresh food, was in line with the 2.1% forecast by economists polled by Reuters.
- #15 62 FT
OpenAI trims valuation target to $1.25tn after pitching higher price
AI lab floated $1.4tn price tag earlier this month, according to documents seen by the FT