Artificial intelligence startup OpenAI is preparing to file for an initial public offering as soon as next year that could give the company a market capitalization of $1 trillion, Reuters reported Wednesday, citing unidentified sources.

Mark Zuckerberg pledged that Meta Platforms Inc. will spend even more aggressively on artificial intelligence in the year ahead, raising fresh concerns from investors who drove the stock down on worries the company may not have an obvious return on the massive investment.

Alphabet Inc. sales topped quarterly Wall Street estimates, fueled by a surge in demand for its cloud and artificial intelligence services. Shares rose as much as 7.5% in extended trading.

Banco Bradesco SA reported its credit costs surged 20.1% in the third quarter compared to a year ago, primarily related to specific wholesale clients, the bank said in an earnings statement Wednesday.

Harvey, a startup building artificial intelligence tools for law firms, has closed its third major funding round of 2025 — bringing its valuation to $8 billion, according to a person familiar with the deal.

Mastercard Inc. is in advanced talks to buy crypto-infrastructure startup Zero Hashfor as much as $2 billion, Fortune reported Wednesday, a deal that would mark a further bet on stablecoins for the payments network.

Stellantis NV said that it expects one-time charges in the second half of the year as political, economic and regulatory pressures force the automaker into making strategic changes.

France’s economy unexpectedly grew at the fastest pace since 2023, allaying concerns it would lose momentum due to a fresh bout of political turmoil.

Gold advanced following a run of losses, as the market digested traders the outcome of a meeting between US President Donald Trump and Chinese leader Xi Jinping.

Mark Zuckerberg pledged that Meta Platforms Inc. will spend even more aggressively on artificial intelligence in the year ahead, raising fresh concerns from investors who drove the stock down on worries the company may not have an obvious return on the massive investment.

Senators from Mexico’s ruling party approved the revenue portion of next year’s budget, including a slew of tax hikes that will boost income as the government also aims to narrow its 2026 fiscal deficit.

Bolivia’s government has submitted two new foreign loans totaling $54.8m to Congress for approval, Planning and Development Minister Sergio Cusicanqui said during a webcast press conference.

Edelman & Edelman PC’s former controller says the New York personal injury law firm illegally terminated him after he suffered a stroke and falsely accused him of embezzling money.

Three Kentucky localities are increasing their occupational license fee rates for calendar year 2026, while another increased its rate effective July 1, 2025.

One Point HR Solutions no longer faces a class action on behalf of nearly 23,000 current and former employees who fell victim to a data breach after the parties agreed to the withdrawal of the case.

The ordinance finalizing increases to Germany’s standard minimum wage effective on Jan. 1 in 2026 and 2027 was approved by its government, the Federal Ministry of Labour and Social Affairs said Oct. 29.

The transmittal form for filing 2026 Forms W-2 on paper with the Social Security Administration, as well as its counterpart for territorial versions of Forms W-2, were released Oct. 28 by the Internal Revenue Service.

California is expanding family-leave benefits to individuals caring for a designated person, under provisions that will become effective July 1, 2028.

Angela Wood, Brendon Lamers, and Andy Bubb joined DLA Piper as tax partners in Australia, the firm announced Tuesday.

Giving fossil-fuel companies billions of dollars in tax breaks to pump the oil and gas heating up the planet is a terrible idea, but I guess you could argue it might at least create US jobs — unless you’re talking about the billions we give those companies to pump oil and gas overseas. That is truly self-destructive, offering none of the nationalist upside but all of the global downside.

Mergers and acquisitions have become a popular path for growth-minded accounting firms due to a need for cutting-edge technology, centralized business operations, and enough employees to offer a variety of services.

Victoria Lanyon has joined Baker McKenzie as a partner in the tax practice in Sydney. the firm announced Tuesday.

Proposition 6 would amend the Texas Constitution to permanently ban taxes on securities transactions and occupation taxes on registered market operators. This would make Texas the only state in the US with a constitutional ban on securities-transfer taxes.

Mexico’s Supreme Court has provided guidance on requesting a tax refund.