4h ago
Anthropic’s founders’ 80% giving pledge could be worth nearly $80 billion
The seven cofounders hold about $99 billion in stock at the latest private price, but the filing calls the pledge voluntary and revocable.
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1d ago
How Pepsi fell behind in the cola warsand then lost KFC
KFC’s switch to Coke is the latest sign of a decades-long slide, and PepsiCo’s CEO says fixing soda is now a priority.
2d ago
'Core economic flaw' in the AI bull case surfaces as stock and bond trades unravel
Slok says 80% of the top 1% of AI spenders are backed by venture capital rather than organic earnings. That group is funded by investors rather than by profits it generates.
2d ago
France's latest debt warning lays bare a country where governance is breaking down
France's public debt has reached a record $4 trillion, or 119% of GDP — the highest ratio since the end of World War II. The 2027 budget has yet to pass amid political gridlock.
10-22
Meta revenue surges to $64.6 billion as settlements and soaring AI spending pressure profit
Meta's revenue rose 26% year over year to $64.6 billion, topping expectations. Net income came in at $9.9 billion. Operating margin, however, slipped to 20%.
10-21
SpaceX posts first operating profit as public company as AI revenue nearly triples to $7.6 billion
Computing leases, the Cursor acquisition, Grok, and reported deals with Anthropic and Google pushed AI revenue past Starlink for the first time as a public company
10-18
'France, truly, is on the brink' and days away from a makeorbreak moment in its debt crisis
"France could be forced to seek assistance from the International Monetary Fund and to pray for it from the European Central Bank — a humiliation for the world’s seventh-biggest economy."
10-17
The Iran war has cost the average U.S. household the equivalent of almost $2,000, top economist says
The tally includes $1,100 in higher energy prices, $540 in higher interest rates and $360 in military costs.
10-15
Goldman Sachs posted a $18.7 billion blowout quarter while JPMorgan and BofA fell short
JPMorgan announced its first earnings miss in almost three years, while Goldman delivered its second-highest quarterly net revenue to date. A $1.2 billion regulatory penalty weighed on Bank of America's already lackluster report.
