BUSINESS RSS Streams

1. Watch Champions League Match of the Day: Arsenal draw, Villa win, Man Utd thrashed  BBC
2. Champions League briefing: Manchester United embarrass themselves, Kane shines in Bayern-Arsenal draw  The New York Times
3. Champions League recap: Como stun Man United, Bayern-Arsenal share points  ESPN
4. Champions League Matchday 3 Wednesday highlights and round-up: Como dazzle, Declan Rice rescues Arsenal draw  UEFA.com
5. Wednesday's Champions League results and reports  RTE.ie

1. Man United captain Fernandes slams Carrick’s tactics after Como hammering  Al Jazeera
2. Who are Como? The vacation-destination club that just rocked Man United  ESPN
3. Man Utd: Breaking down their tactics after Bruno Fernandes criticism  BBC
4. Inside Como’s greatest night: ‘Disney’ model, a 14-page Man Utd dossier and Florence Pugh  The New York Times
5. Manchester United: Bruno Fernandes criticises coaches as Michael Carrick questions players after Champions League loss to Como  Sky Sports

1. Japan’s mission to Mars’s moons takes off  The Economist
2. Japan launches spacecraft to mysterious moons of Mars in a bold mission to bring home soil samples  AP News
3. Japan launches mission to return samples from Mars moon  Reuters
4. Mars’ two tiny moons shouldn’t exist. A new mission has launched to reveal their secrets  CNN
5. NASA to Help Unlock Mysteries of Mars’ Moons in Upcoming Mission  NASA Science (.gov)

Elon Musk vowed to push back on Democratic lawmakers who may seek to use oversight powers against him if they're able to gain control of one or both chambers of Congress.

Musk responded to a story by Politico that detailed how Democrats have considered ways in which they could investigate the billionaire and his businesses like Tesla and SpaceX.

"Live by the sword, die by the sword," Musk wrote in a post on his X platform.

"Those who pick fights with me should understand that I will find out who is really pulling the strings and come for them, not just their puppets."

ELON MUSK SAYS TESLA-SPACEX MERGER WOULD BE 'A GOOD IDEA' AS COMPANIES FORM SPECIAL COMMITTEES

Musk has been a major donor to GOP candidates and worked with the Trump administration through the Department of Government Efficiency (DOGE), and his business dealings with the federal government through his various ventures are also likely to draw scrutiny from a potential Democratic majority.

The billionaire helped launch DOGE at the outset of President Donald Trump's second term as a means of rooting out waste and promoting transparency about the federal government's spending.

DOGE WEBSITE DEACTIVATES AFTER REACHING SELF-TERMINATION DEADLINE: ‘COME TO AN END’

Musk was heavily involved with DOGE's operations until he departed DOGE and his role in the Trump administration in late May to refocus on his duties as the CEO of Tesla and SpaceX after his 130-day status as a special government employee expired. He also disagreed with aspects of the new administration's policies.

DOGE's efforts included deferred resignations and buyouts of employees at federal agencies and contributed to a significant downsizing of the federal workforce, which contracted by about 250,000 employees during 2025, according to the Government Accountability Office (GAO).

ELON MUSK LOSES TRILLIONAIRE STATUS AFTER TECH SELL-OFF ERASES BILLIONS FROM FORTUNE

Aside from DOGE's role in slashing the federal workforce, DOGE sparked calls for investigations over its role in accessing sensitive data like Social Security records and withholding funds.

Democratic lawmakers have also alleged there are conflicts of interest between Musk and the federal government given the contracts that his firms like SpaceX and Tesla receive from a range of agencies.

1. 'Behemoth' El Niño to upend global weather, UN warns  USA Today
2. Could history repeat itself? How past Super El Niño winters offer clues about what's ahead  FOX Weather
3. El Niño breaks warming records in the Pacific Ocean, foreshadowing more extreme weather to come, UN says  CBC
4. UN agencies appeal for help to protect weakest from unprecedented El Niño  UN News
5. NOAA winter weather forecast for Cape Cod predicts wet, warm(er)  Cape Cod Times

1. Xbox wants you to pay 24 to 40 cents per hour to stream games you already bought  Ars Technica
2. Cloud Playtime Now Available to Test with XBOX Insiders  XBOX Wire
3. Xbox Cloud Gaming’s pay-as-you-go option starts at $3.99 for 10 hours  The Verge
4. Xbox Is Previewing Paid Cloud Gaming For Players Without Game Pass  Engadget
5. Microsoft rolls out hourly Xbox Cloud Gaming access with its new playtime pass  Windows Central

1. Trump’s special envoy calls Vladimir Putin a ‘humanitarian’  The Washington Post
2. Putin agrees to resume 3-way peace talks with Ukraine and US  Reuters
3. War in Ukraine: Bolstered by Donald Trump's support, Vladimir Putin refuses to back down  Le Monde.fr
4. Calling Putin a ‘Humanitarian,’ Witkoff Thanks Him for Releasing an American  The New York Times
5. WATCH: Vance defends U.S. envoy Witkoff calling Putin a 'humanitarian' after prisoner release  PBS

1. U.S. troops and diplomats evacuating Middle East posts, sources say  NBC News
2. EXCLUSIVE: US orders diplomats to depart Saudi Arabia amid Houthi strikes  Reuters
3. US orders departure of some embassy staff and families from Saudi Arabia amid Houthi threat  CNN
4. US pulls personnel from Saudi Arabia as kingdom comes under Houthi fire  Fox News
5. Security Alert: U.S. Mission to Saudi Arabia – October 21, 2026  U.S. Embassy & Consulates in Saudi Arabia (.gov)

1. North Korea's Kim Yo Jong warns South Korea, says border loudspeakers to be ready within days  Reuters
2. North Korea says it will restart border propaganda broadcasts as tensions rise with the South  ABC News - Breaking News, Latest News and Videos
3. Across the Border: North Koreans Work on the Southern Border Fence  38 North
4. North Korea tells border troops to take ‘resolute action’ if South threatens their safety  CNN
5. Kim Yo Jong says North Korea will restart loudspeakers after visiting border  NK News

The fine is the largest to date against Facebook's owner, larger than an $18bn deal with California.

1. Champions League recap: Como stun Man United, Bayern-Arsenal share points  ESPN
2. Champions League briefing: Manchester United embarrass themselves, Kane shines in Bayern-Arsenal draw  The New York Times
3. Champions League Matchday 3 Wednesday highlights and round-up: Como dazzle, Declan Rice rescues Arsenal draw  UEFA.com
4. Wednesday's Champions League results and reports  RTE.ie
5. Five things we learned from Champions League: Man United in crisis, Como shine and Ballon d'Or winner is clear  CBS Sports

1. Meta Will Split Stock, Create New Class to Fund AI Spending  WSJ
2. Zuckerberg commits to staying in California for 8 years as part of creation of new class of Meta shares: Live updates  CNBC
3. Meta Q3 revenue tops estimates and Zuckerberg says Muse accounts have topped 10 million  Yahoo Finance
4. Meta's Muse AI agent achieves strong growth, company introduces new shares to power investments  Reuters
5. Meta wants to pay for its broad AI buildout with a newly created class of stock  TechCrunch

1. Teacher who survived Oregon school shooting recounts being shot, pretending to be dead to survive  CBS News
2. Teacher who survived Bend shooting tried to close door, ‘but the shooter was already there’  NBC News
3. Investigators probe Bend school shooter’s connection to violent extremist groups  Oregon Public Broadcasting - OPB
4. Oregon Teacher Credited With Protecting Child Disputes Her Own Heroism  The New York Times
5. Parents of Bend shooting victim hire attorneys to investigate school plans, gun purchase  KATU

1. Warriors exploring Kristaps Porziņģis trades as absence from team continues: Source  The New York Times
2. Sources: Warriors exploring options to trade center Kristaps Porzingis  ESPN
3. Kurtenbach: Warriors bid against themselves to sign Kristaps Porziņģis. Now the real bill is due  The Mercury News
4. Kristaps Porziņģis weighing NBA future amid recurring health condition, Warriors exploring trades: report  Yahoo Sports
5. Kristaps Porziņģis Trade Packages and Landing Spots Amid Golden State Warriors Trade Rumors  Bleacher Report

1. Russia agrees to resume three-way talks on Ukraine war with Kyiv and Washington, Kremlin says  AP News
2. Putin agrees to resume 3-way peace talks with Ukraine and US  Reuters
3. EU scrambles for seat at the table in Ukraine talks  Financial Times
4. Russia willing to resume trilateral peace talks in November, Kremlin says after Witkoff meeting  CNN
5. In Trump’s Diplomacy, Insults Are a One-Way Street. Ukraine Is the Latest Example.  The New York Times

Indiana Pacers wing Kelly Oubre has his own saying that keeps him going in life. It also applies to his performance with the team.

United Airlines CEO Scott Kirby on Wednesday reiterated his support for a wealth tax as a matter of fairness amid criticism over his comments given his compensation.

Kirby said in an interview with CNBC's "Squawk Box" that his prior comments in favor of a wealth tax were in response to a New York Times question about a non-consensus view that he holds, adding that "I'm not a politician, I'm not ever going to be in politics, nor am I a policy advocate for this or other programs."

"I think a wealth tax in particular is a more fair – is just about fairness. Today, you probably pay 40% income taxes on your income. But if you're wealthy enough, you could put money aside – and by the way, I think it would apply to me – put money aside and let it grow forever, never realize income on it," he said. "You can let it grow forever and it never gets taxed. You get stepped-up cost basis at the end, and it never gets taxed."

"That doesn't feel fair to me," Kirby said, adding that those are his views: "If it was up to me, it's not up to me, so no one should be mad about one person's view. But if it was, I would have a system where we have lower income taxes and higher taxes on – some kind of taxes on the gain in wealth. At some point, I think those ought to be taxed."

UNITED CEO SILENT ON $32M COMPENSATION AFTER CALLING WEALTH GAP A 'DANGER'

"It's just a matter of fairness. Hard-working Americans pay 40% of their money in income [taxes]. I think as a matter of fairness, passive wealth growth ought to be taxed somehow. And it's just one guy's view, but that's what I think," Kirby said.

The United Airlines CEO told The New York Times in a recent interview that wealth inequality poses a "danger" to American society and said that he would support a national wealth tax as well as "inheritance taxes that get close to 100% at some level."

DOJ OFFICIAL TAKES SWIPE AT UNITED AIRLINES CEO AMID BACKLASH OVER WEALTH TAX PROPOSAL

Kirby's comments about wealth taxes and inequality have drawn attention to his compensation at United Airlines. He received about $32.3 million in total compensation, including salary, stock awards and performance incentives during the airline's fiscal year 2025.

United didn't respond to a previous inquiry from FOX Business about Kirby's compensation, which included a question about whether he is planning to reduce his compensation to share more of his wealth with his employees.

$32 MILLION CEO LECTURES AMERICA ON INCOME INEQUALITY

During the CNBC interview, Kirby was asked about criticisms of how a wealth tax can punish entrepreneurs and if there are other ways to address his concerns about the stepped-up basis rather than trying to tax unrealized capital gains.

"This was one comment in a long-ranging interview. I'm not trying to define what the tax would look like or what it should be," he said. "There's a lot of different ways to skin that cat."

"Passive wealth growth, you can just invest – that's not an entrepreneur – you can just invest, put the money aside, it can grow tax-free until your death, then you get stepped-up cost basis. Literally, wealth growth never pays taxes, and that's the point to me that feels unfair," Kirby said. "I'm not a policy advocate, I'm not arguing for it."

1. Witkoff faces backlash for calling Putin a "humanitarian": "Embarrassing and outrageous"  CBS News
2. Putin agrees to resume 3-way peace talks with Ukraine and US  Reuters
3. Congratulations to That Great Humanitarian, Vladimir Putin  The Atlantic
4. Calling Putin a ‘Humanitarian,’ Witkoff Thanks Him for Releasing an American  The New York Times
5. Russia says Ukraine must make "necessary decisions" to end war as Witkoff meets Putin  CBS News

1. MSUFCU takes website, digital banking offline amid cyberscurity warning from FBI  WILX
2. Websites shut down globally after AI finds cybersecurity flaw affecting 70% of the internet  CNN
3. Prepare for more website shutdowns in the age of AI – but human inaction is the real culprit  The Guardian
4. Amazon Threat Intelligence identifies PHP2Shell exploitation prior to public disclosure in MadPot  Amazon Web Services
5. What is PHP and why did it take government websites offline?  The Detroit News

Meta Platforms has been ordered to pay $25 billion after a New Mexico jury found the company misled Facebook users over its handling of personal data and other practices in a case stemming from the Cambridge Analytica scandal.

New Mexico Judge Francis Mathew issued the penalty Wednesday after jurors found last month that Meta made dozens of misleading statements to users.

"Facebook's wrongdoing — over the course of years and systematically broadcast to the public — goes to the heart of Facebook's core business practices," Mathew wrote in his order.

The now-defunct Cambridge Analytica, which worked for President Donald Trump's 2016 campaign, obtained information from as many as 87 million Facebook users through a third-party app without their consent.

META PUTS POPULAR NEW TOOL IN HANDS OF SMALL BUSINESSES

New Mexico sued Meta in 2021, accusing the company of misleading users about who could access their personal information and how it handled harmful content on the platform.

Jurors found that 26 of 29 statements examined during the trial were misleading and determined that Meta committed more than 43 million violations of New Mexico's consumer protection laws.

Mathew said the violations could have resulted in a penalty of more than $219 billion under state law but ultimately reduced the amount to $25 billion. Meta had urged Mathew to limit the penalty to $3.45 billion.

New Mexico Attorney General Raúl Torrez said the ruling was one of the largest ever against Meta by a single state.

"It has been a long time coming holding Big Tech accountable," Torrez said. 

"I think today's judgment is a clear break with that past and a very clear warning to those in this space and beyond that we intend to protect our people and protect our consumers."

META SETTLES FEDERAL TRIAL OVER CLAIMS FACEBOOK, INSTAGRAM ADDICT CHILDREN

Meta said it plans to appeal the ruling.

"This ruling, and the Attorney General's approach to this enforcement, makes it all but impossible to do business in the state of New Mexico," C.J. Mahoney, Meta's chief legal officer, said in a statement. 

"At its core, this lawsuit seeks to impose a tax on speech to enforce new rules for what people can say online. We are confident we will prevail on appeal. In the meantime, Meta will continue to build a safe and free platform to connect millions of Americans, grow small businesses, and help the country maintain its competitive edge." 

Monte Mann, a business litigation partner at Armstrong Teasdale, said in a statement to FOX Business that the size of the penalty highlights the potential exposure major technology companies face under state consumer protection laws.

META’S $18B SETTLEMENT COULD BE FIRST ‘DOMINO’ FOR BIG TECH, TENNESSEE AG SAYS

"The $25 billion figure is staggering, even for a company like Meta," Mann said. "But the bigger story is what this case tells us about the exposure that large technology companies face under state consumer protection laws. New Mexico took on one of the most powerful companies in the world and won. 

"And what’s particularly interesting is how the penalties for individual violations can add up to an extraordinary amount when you're dealing with millions of consumers. I wouldn’t assume, though, that Meta is going to end up paying anything close to $25 billion."

Mann said he expects Meta to mount a "serious fight on appeal."

"There will undoubtedly be a serious fight on appeal over the size of the penalty and whether it’s legally sustainable. But even if that number gets reduced substantially, the case sends a powerful message. 

"Companies need to be careful about the promises they make to consumers, particularly when it comes to privacy. Those promises can come back to haunt them in a courtroom, and the consequences can be enormous."

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Reuters contributed to this report.