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Four of the five biggest AI spenders each count free cash flow differently, and Microsoft publishes no figure at all.
Measured the same six ways, only Microsoft stays above zero on every one. Their interest expense is 2.3 times a year earlier.
Fox Business's Cheryl Casone on Elizabeth Warren, expected to chair Senate Banking in January, with subpoena powers the WSJ says could reach big banks, private equity and crypto. Casone says every CEO better buckle up, lawyer up and get media training.
Kalshi CEO Tarek Mansour on CNBC's Squawk Box says people try to manipulate prediction markets too. In the LA mayor race, he says, someone dumped about $1.5 million to $2 million to move the price from 25% to 40%, and nine seconds later it was back at 25%.
Binance founder CZ on Yahoo Finance, after the Binance hack. He says every crypto platform, wallet service, bank and financial institution is exposed, and the odds are rising because AI is making hacking much easier while doing little yet for defense.
The charity that controls OpenAI got a smaller slice than Microsoft. At the close of the October 2025 restructuring the OpenAI Foundation held 26% of OpenAI Group PBC and Microsoft about 27%, yet the nonprofit keeps sole power to appoint and remove the directors. AI visuals.
Sources and the fine print.
At the close of OpenAI's restructuring on 28 October 2025 the OpenAI Foundation held 26 percent of OpenAI Group PBC and Microsoft about 27 percent. Employees and investors held the rest. Later funding rounds change these figures. The Delaware Attorney General's Statement of No Objection records that the nonprofit keeps control, including sole power to appoint and remove the company's directors.
In November 2023 the board said the chief executive had not been "consistently candid". More than 700 of about 770 employees signed a letter threatening to quit and join Microsoft, which said it had positions for all of them. He returned on 21 November. Three of the four directors who voted to remove him left the board.
He told Vanity Fair on 5 October 2026 that he has "no direct equity", apart from a sliver through an old Y Combinator investment, and called that "a mistake". Vanity Fair's parent has a content deal with OpenAI.
Sources include OpenAI (November 2023, October 2025, February 2026), Reuters, the Wall Street Journal copy of the employee letter, BBC News, the Delaware Attorney General (28 October 2025), Microsoft's SEC filing, the Chronicle of Philanthropy and Vanity Fair. Got something wrong? Tell us with a source and we will fix it.
Colin McDonald, who runs the DOJ's fraud division, on the ghost student scheme. Stolen identities of Americans who never went to college get enrolled, federal aid goes to the school, and after tuition the rest lands in fraudsters' accounts and vanishes, often to Kenya.
From Fox Business's live coverage of the DOJ briefing, 29 Oct, at 1:28. youtube.com/watch?v=y0rbu5DK…
CNBC's Arjun Kharpal on the Binance hack. Circle and Tether froze part of the stolen funds, but about half of the more than $6bn is still out there. If the hackers push it through mixing services, every hop makes it harder to trace and harder to recover.
From CNBC International Live, 30 Oct, at 2:49. youtube.com/watch?v=-RxZkrZW…
In 2010 LVMH disclosed about 17% of Hermès, built quietly via bank contracts. The family locked 50.2% into a holding called H51, and France's regulator fined LVMH €8m in 2013 over disclosure. One cousin stayed outside. He says his 6% is gone. Would you have signed? AI visuals.
Sources and the fine print.
LVMH's 2010 stake was built through contracts with banks. France's market regulator fined it 8 million euros in 2013. Nicolas Puech held about 6% and did not join H51. He says he found out in 2022 that his shares had vanished and is suing in Paris for 14 billion euros. Exactly what happened to the shares is unclear. LVMH denies any wrongdoing.
Sources include Reuters (2011, 2013, 2014, 2025, 17 Sep 2026), Forbes, LVMH's own 2014 releases, Bloomberg and CNN. Got something wrong? Tell us with a source and we will fix it.
Roberto Escobar, the Medellín cartel's accountant, wrote that rats and damp ruined about 10% of its cash a year, an acceptable loss. HSBC Mexico took other cartels' cash in boxes sized to its teller windows. No executive was prosecuted. Wrong? Show us a source. AI visuals.
Sources and the fine print.
The rats figure is an estimate by Roberto Escobar, the cartel's accountant, in his memoir. The smuggling cost comes from Dutch police files covering 2003 to 2008, which put it at 10 to 17 percent. The 881 million dollars was laundered for the Sinaloa cartel and Colombia's Norte del Valle cartel. HSBC admitted compliance failures in 2012 and paid 1.92 billion dollars under a deferred prosecution agreement. Some executive bonuses were clawed back. No executive was charged.
Sources include the US Justice Department (December 2012), the US Senate Permanent Subcommittee on Investigations (July 2012) and Roberto Escobar's memoir. Got something wrong? Tell us with a source and we will fix it.
In June 2008 Lehman reported net leverage of 12.1. The examiner later found $50.4bn moved off its balance sheet at quarter end through Repo 105. Without it, 13.9. The SEC brought no case. Fraud or a loophole? Show us a source if we're wrong. AI visuals.
Sources and the fine print.
Lehman called it Repo 105. The court examiner's 2010 report puts it at 50.4 billion dollars at the end of the second quarter of 2008. Reported net leverage was 12.1, and 13.9 without the trick. The buybacks usually came seven to ten days later. Linklaters, the London firm, says its opinions were not wrong. Ernst and Young paid 10 million dollars in 2015 without admitting wrongdoing. The SEC dropped its case, saying the amounts were not material.
Sources include the Valukas examiner's report (March 2010), the New York Attorney General's case against Ernst and Young and SEC records. Got something wrong? Tell us with a source and we will fix it.
On 22 October Cask set a test for its PayPal reading.
The Q3 10-Q names co-marketing again but unfortunately gives no nine-month figure, so the reading cannot be scored on it.
Here is what the filing does say.
Brian Sozzi on Yahoo Finance: Nvidia, AMD and Broadcom "have agreed to buy" up to $5bn of Meta's new stock. The prospectus filed today is more careful. The three have "indicated an interest" in up to $5bn, and those indications are not binding. They may buy more, less or none.
Morningstar's Seth Goldstein on Tesla's Q3: positive free cash flow of $1.5bn, against a consensus of about $4bn negative. The filings show what that cash is funding. Capex was $13.0bn in the first nine months, up from $6.1bn. Tesla expects more than $20bn for 2026, and it signed $30bn of credit agreements in September.