BUSINESS RSS Streams

1. Inside Como’s greatest night: ‘Disney’ model, a 14-page Man Utd dossier and Florence Pugh  The New York Times
2. Michael Carrick is now in peril, but Manchester United’s problems run so much deeper  The New York Times
3. Who are Como? The vacation-destination club that just rocked Man United  ESPN
4. Manchester United reaction LIVE: Fernandes questions Carrick's tactics  BBC
5. Fernandes questions United's tactics after Como hammering  Reuters

1. Mark Zuckerberg Says Meta Will ‘Build Superintelligence Through Scaling’ After $64.6 Billion Q3 Beat, META Stock Jumps After Hours  Yahoo Finance
2. Meta falls as investors balance Muse growth with rising AI costs  Reuters
3. Meta Q3 revenue tops estimates and Zuckerberg says Muse accounts have topped 10 million  AP News
4. Meta Earnings Show Increased A.I. Spending, Even as Cash Pressures Grow  The New York Times
5. Meta Platforms Third-Quarter Results Rise; Issues Strong Revenue Outlook  Yahoo Finance

1. Beatings, cyberattacks and threats darken Vucic's Serbia ahead of elections  Reuters
2. Serbian Election Underscores the Region’s Long Political Limbo  The New York Times
3. A student protest movement has gripped Serbia for two years. This weekend it will try to take power  The Guardian
4. Ranking Member Shaheen Leads Bipartisan Senators in Statement Ahead of Serbian Parliamentary Elections  Senate Committee on Foreign Relations (.gov)
5. Students march into Belgrade while populist Vucic holds rally in Serbia's south ahead of vote  AP News

Mark Zuckerberg has reached an agreement with Meta to remain in California after raising the possibility of leaving the state amid concerns over a proposed billionaire wealth tax.

Zuckerberg, Meta's CEO, previously told the company he was considering moving his primary residence outside California because of Proposition 40, a ballot initiative that would impose a one-time tax equal to 5% of net worth on billionaires who were California residents on Jan. 1, 2026, if approved.

Under the agreement, Zuckerberg will receive non-voting shares that he could sell to help cover a potential wealth tax bill in exchange for a commitment to remain a resident of California, or the state where Meta maintains its headquarters, for eight years, according to Reuters.

Zuckerberg, the world's sixth-richest person with a net worth approaching $250 billion, according to Forbes, could face a substantial tax bill that might require him to sell company shares.

MARK RUFFALO CALLS GAVIN NEWSOM'S BILLIONAIRE TAX STANCE 'DISQUALIFYING' AHEAD OF CALIFORNIA VOTE

If passed by voters in November, the tax would be due in 2027, although payments could be spread over five years at an additional cost. Real estate, pensions and retirement accounts generally would be excluded from the tax.

Zuckerberg can immediately sell 20% of the Class C shares he receives, representing 10% of his overall economic stake in the company, potentially allowing him to pay the tax without giving up voting control, according to Reuters.

Meta said Wednesday that it planned to issue a new class of non-voting Class C common stock in January 2027 to help fund acquisitions and retain top talent while maintaining Zuckerberg's control of the company.

In a statement provided to FOX Business, Meta pointed to comments from Chief Financial Officer Susan Li, who said the new shares were designed to help the company raise capital, compensate employees and pursue acquisitions while preserving its existing voting structure.

REAGAN ECONOMIST WARNS BILLIONAIRE TAX WOULD ‘DESTROY’ CALIFORNIA

"We created this new class of shares with the purpose of creating a publicly traded non-voting stock usable for capital raising, employee compensation, acquisitions, other general corporate purposes while preserving the voting power of existing Class A and B shareholders," Li said during Meta's third-quarter earnings call.

Meta also said the decision followed a unanimous recommendation from a special committee of independent directors, which concluded that the new stock class would help finance the company's growth and preserve Zuckerberg's leadership.

According to a company filing, the committee emphasized the importance of Zuckerberg remaining in California to maintain close coordination with Meta's management and proximity to its Superintelligence Labs.

Although the ballot measure has been endorsed by the California Democratic Party, some prominent Democrats, including Gov. Gavin Newsom, have opposed it.

Economist Art Laffer, a former economic adviser to President Ronald Reagan, previously warned that the measure could accelerate an exodus of California's wealthiest residents.

META ORDERED TO PAY $25B AFTER JURY FINDS IT MISLED USERS ON DATA PRIVACY

"No one would want to go there to build their wealth only to be faced with this type of tax. It would cause an exodus of billionaires, which have not left California because the income taxes do not affect the billionaires much at all. This tax would really affect them," Laffer said.

California entrepreneur Eric Schiffer, chairman of the family office Patriarch and CEO of Reputation Management Consultants, previously told FOX Business that passage of the measure could prompt wealthy entrepreneurs to leave California.

"I think the impact of this passing in California is a giant sucking sound of all of these entrepreneurs being sucked out of California because they're just not going to want to stay," Schiffer said.

California's nonpartisan Legislative Analyst's Office (LAO) said "some billionaires" may decide to leave the state in response to the tax, potentially reducing the income tax revenue they generate.

The LAO also estimated that departures and other behavioral changes could reduce state income tax revenue by less than $1 billion annually. However, the office estimated that the wealth tax could generate tens of billions of dollars over several years.

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FOX Business' Arabella Bennett and Reuters contributed to this report.

1. ‘Nobody Wants This’ Season 3 Review: Kristen Bell and Adam Brody’s Netflix Romance Levels Up but Can’t Ditch Old Habits  The Hollywood Reporter
2. Nobody Wants This review – prepare to fall in love again … with a different couple  The Guardian
3. Meet the New Characters in ‘Nobody Wants This’ Season 3  People.com
4. 'Nobody's Love Story, Jeff Hiller Vamps, David Tennant Does 'Time,' Lava & Plagues in '9-1-1' World  TV Insider
5. What To Watch Thursday: Nobody Wants This Returns, David Tennant Does Time, And More  TVLine

1. Don’t Miss The ‘Hunter’s Moon’ — Here’s The Best Time To See It  Forbes
2. Hunter’s Moon 2026: When to see October’s full moon in Northeast Ohio  Cleveland.com
3. Griffin: The Hunter’s Moon  Watauga Democrat
4. Wild Things: Hunter’s Moon Rises Sunday Night  Door County Pulse
5. Dennis Mammana: Watch the Moon Dance Across the Night Sky Toward a Close Encounter with Saturn  Noozhawk

Eligible people in the care system will be able to access the savings once they turn 18.

1. Orionid meteor shower 2026: cloud cover forecast by region  The Weather Channel
2. How to Catch the Orionids, a Meteor Shower From Halley’s Comet  The New York Times
3. Orionid meteor shower to light up October skies with fiery cosmic display  FOX Weather
4. The Orionid meteor shower peaks tonight: Here’s the best time to look up  USA TODAY 10BEST
5. Early birds will have the best chance to see the Orionid meteor shower  CNN

1. Takeaways from the Senate debate in Kansas, an unexpected midterm battleground  The Washington Post
2. Senate Candidates Spar in Kansas, a Surprise Battleground That Could Swing Control  The New York Times
3. Fact Check: Marshall and Hamilton debate in race for Kansas seat in U.S. Senate  Kansas City Star
4. Could disillusioned Kansas voters send their first Democrat to the US Senate in 94 years?  Reuters
5. Roger Marshall and Adam Hamilton face off in fiery final Kansas Senate debate  NBC News

1. How a merged SpaceX-Tesla might navigate its China problem  Reuters
2. SpaceX and Tesla Are Joined at the Hip. A Merger Would Make It Formal.  WSJ
3. Tesla and SpaceX: Why does Elon Musk want to merge the companies?  BBC
4. Musk says Tesla and SpaceX formed special committees to discuss merger: Live updates  CNBC
5. Elon Musk’s dream merger is a nightmare for SpaceX shareholders  Fortune

1. Does the Fitbit Edge have NFC? Here's what Google says  Android Authority
2. Fitbit Edge Vs. Fitbit Inspire 3: How These Google Fitness Trackers Compare  Engadget
3. Google debuts $180 Fitbit Edge tracker in continued health push  The Seattle Times
4. Why the Fitbit Edge would be better as a budget smartwatch without the fitness tech  Android Police
5. Edge-y Stuff: 12 important bits to know about Fitbit Edge  TechPP

1. Sacha Baron Cohen defends reviving ‘problematic’ Ali G character: ‘That’s the reason I resurrected him’  The Independent
2. Ali G is back. But is the character past its sell-by date?  BBC
3. ‘A vehicle to expose prejudice, bias, and stupidity’: Sacha Baron Cohen defends Ali G as satire  The Guardian
4. Sacha Baron Cohen Gets Real About Backlash, Death Threats and Resurrecting Ali G  The Hollywood Reporter
5. Ali G has always been far too tragic to be funny  Financial Times

Tesla reported a decline in third-quarter profit, but generated more cash than analysts expected, leaving investors with a mixed picture as it explores a possible merger with Elon Musk's other big company, SpaceX.

Roslynn Garner-Gatley starts using a hot water bottle, bed socks and earlier bedtimes to stay warm.

Teresa Goubert says heating is "very expensive" and she was struggling on her pension.

1. Meta Stock Split Deal Will Keep Mark Zuckerberg In California Amid Billionaire Tax Threat  Forbes
2. Zuckerberg weighed leaving California over the wealth tax. Meta answered with a new class of stock  Fortune
3. Mark Zuckerberg Threatened to Leave California. Meta’s Board Cut Him a Deal.  WSJ
4. Meta strikes deal to keep Zuckerberg in California after wealth tax concerns  Reuters
5. How Mark Zuckerberg Pushed Meta to Shield Him From California’s Proposed Wealth Tax  The New York Times

The billionaire considered leaving California over a proposed wealth tax that could have forced him to sell shares and weaken his voting control of Meta.

Housing association Curo defends large increases to leaseholder bills.

1. Angel Reese (again), Valkyries' turnovers among WNBA Finals winners and losers  USA Today
2. Angel Reese keeps Dream rolling with Game 3 win over Valkyries in WNBA Finals  ESPN
3. Angel Reese is effectively silencing her doubters during WNBA Finals run  Yahoo Sports
4. Atlanta Dream roll to Game 3 win, take a 2-1 series lead on Golden State - The Athletic  The New York Times
5. Atlanta Dream beat the Golden State Valkyries 97-71 to take 2-1 lead in the WNBA Finals  NBC News

Yorkshire businesses set out what they want from the chancellor ahead of the Budget.