BUSINESS

AI voice cloning and a fake WhatsApp identity reportedly helped trigger $108M in transfers from Fideuram, leaving about €36M unrecovered.

McDonald's uses an AI pricing engine to recommend restaurant-level menu prices, prompting scrutiny over Big Mac price differences, franchisee pressure and potential regulatory concerns about algorithmic pricing.

Oracle co-founder Larry Ellison bought eight homes in a gated Boynton Beach community for household staff and his children's tutors, spending nearly $10M.

Alex Gibney's Elon Musk documentary, premiered at Venice, faces a possible streaming release influenced by Larry Ellison's backing and a $110B Warner Bros. bid. It explores Musk's impact on democracy.

Anthropic plans $518B in AI infrastructure commitments as it heads toward a potential $2T IPO after a $42B 2025 net loss.

As Starbucks closes 250 North American cafes, Bay Area roaster Equator Coffees expands to 12 locations and forecasts roughly $40M in revenue.

Oura has put its planned Nasdaq IPO on hold, citing market uncertainty despite 5 million paying subscribers, surging revenue, and improving profitability.

Pope Leo XIV challenges Nvidia CEO Jensen Huang over AI safety, urging leaders to take expert warnings seriously and agree common safeguards.

Siddharth Jawahar, sentenced to 11 years for a $35 million Ponzi scheme involving Travis Kelce among its investors, sought to marry while in custody, prompting immigration concerns from prosecutors

US Homeland Security officials say mass deportations are helping lower rents, but experts question the evidence and warn that losing construction workers could reduce housing supply and raise costs.

A Blue Cross Blue Shield analysis estimates that AI-assisted billing may have contributed to a $942m rise in US healthcare spending as more diagnoses appeared without increased treatment.

Explore how Brent Underwood bought California ghost town Cerro Gordo for $1.4M, lives there full-time, and is restoring it into a visitor destination.

Atlassian co-founder Mike Cannon-Brookes was seen with Amelia Beaumont in Sydney as reported settlement talks with estranged wife Annie remain unresolved.

Starbucks plans to close about 250 underperforming North American coffeehouses, invest in renovations, and cut its fiscal 2026 new-store forecast.

Disney's Legal and Global Affairs division faces restructuring, automation and outsourcing, with an internal memo warning of a smaller workforce and possible job cuts.

US-China tariff cuts covering $60B of goods, from toys to coal, have been proposed after the Trump-Xi summit. Soybeans and chips are excluded.

Uber CEO Dara Khosrowshahi defends weekend emails and demanding work while predicting AI and autonomous vehicles could replace many jobs.