- #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 89 Bloomberg
Meta’s Rating Outlook Cut to Negative by S&P on AI Spending - Bloomberg.com
Meta’s Rating Outlook Cut to Negative by S&P on AI Spending Bloomberg.com
- #3 84 NYT
Why the Markets Don’t Care About the Midterms
Factors like inflation, interest rates, A.I. and the war with Iran are far more important, our columnist says.
- #4 81 Barron's
Amazon and Intel Tank the AI Trade. The 1 Factor Linking Big Tech’s Underwhelming Earnings. - Barron's
Amazon and Intel Tank the AI Trade. The 1 Factor Linking Big Tech’s Underwhelming Earnings. Barron's
- #5 81 Bloomberg
Amazon Taps $80 Billion Supplier Loan Facility to Help Fund AI - Bloomberg.com
Amazon Taps $80 Billion Supplier Loan Facility to Help Fund AI Bloomberg.com
- #6 80 FT
Anthropic may not secure investment-grade rating after IPO, Blackstone says
Private capital giant says AI group is expected to receive ‘high’ junk rating in shift from previous guidance
- #7 74 MarketWatch
Warsh wants the Fed to say less. Two officials are pushing for more transparency.
More interest-rate hikes are needed to fight inflation, Fed officials say.
- #8 72 Bloomberg
Fed’s Musalem Says More Rate Hikes Needed Soon to Tame Inflation - Bloomberg.com
Fed’s Musalem Says More Rate Hikes Needed Soon to Tame Inflation Bloomberg.com
- #9 69 Reuters
Fed officials make case for rate hikes amid ongoing inflation concerns - Reuters
Fed officials make case for rate hikes amid ongoing inflation concerns Reuters
- #10 66 MarketWatch
AMD’s stock slides after Intel earnings reveal two big issues
Intel is struggling to make enough AI server chips and dealing with a weak PC market. Investors will soon find out the degree to which AMD may be suffering from the same problems.
- #11 63 NYT
Binance Suspends Withdrawals After Crypto Hackers Steal $6.3 Billion
The crypto exchange said it was compromised in what could be the biggest crypto heist ever. One research lab attributed the theft to “North Korea’s elite hacking unit.”
- #12 62 FT
OpenAI slashes funding target by $10bn as tech anxieties mount
ChatGPT maker is now seeking about $20bn at a $1.25tn valuation as it tempers its ambitions
- #13 60 NY Post
Inside the cyber operation behind North Korea’s suspected $6.3B Binance heist
A notorious North Korean hacking unit may have compromised a single Binance employee’s laptop to pull off the record-breaking $6.3 billion hack of the cryptocurrency exchange – indicating a potential inside job or a stunning AI-powered infiltration of the company's software.
- #14 57 NYT
Big Tech’s Data Center Blitz Is Burning Through Cash and Scaring Wall St.
Amazon became the latest tech company to announce swelling investments in A.I. amid stumbling share prices.
- #15 57 Reuters
OpenAI cuts funding target by $10 billion, FT reports - Reuters
OpenAI cuts funding target by $10 billion, FT reports Reuters