Matt Levine discusses just not buying SpaceX, the Alpha capture gig economy, AI lawyers, the Meta trade school for building data centers, and soccer results risk management.

SpaceX’s plan for a massive initial public offering has been the talk of the investing world this spring. Yet the confetti will barely have been swept off the floor of the Nasdaq when listings from OpenAI and Anthropic PBC get going. The firms, which are among the most influential in artificial intelligence, are expected to go public as soon as the fall.

CoreWeave Inc.’s stock price has more than doubled since the AI data center operator’s March 2025 initial public offering. Over the same period, the company’s executives have unloaded more than $2.3 billion worth of their own holdings.

BitGo Holdings Inc. soft-pedaled the scope of risks tied to faltering digital asset prices on the cryptocurrency wallet firm’s financials during its initial public offering, a proposed class action said.

Herbert Smith Freehills Kramer is setting its sights on Texas as part of the transatlantic law firm’s plan to double its US revenue to $1 billion in the next five years.

New York is looking to bring its existing guidelines for operating payment stablecoins in line with new federal requirements.

In a bid to maximize participation in a three-month tax amnesty for out-of-state sellers, Illinois published guidance Tuesday meant to help businesses navigate its first-in-the-nation program.

Zipper maker YKK (U.S.A.) Inc. doesn’t seem to have convinced a Georgia Court of Appeals panel at oral arguments Tuesday that it was wrongly penalized for leaving the signature off an application for a tax exemption.

The artwork of Carmen Herrera, an abstract artist who died in 2022 at the age of 106, was incorrectly overvalued by the IRS and, as a result, her estate was assessed a nearly $3.6 million tax bill, according to a petition in US Tax Court.

A new watchdog report on the IRS’s handing of a data-sharing agreement with Immigration and Customs Enforcement undercuts the tax agency’s arguments in court, a new filing by a group suing over the issue said.

Zillow Inc. failed to convince a Pennsylvania appeals court that a county unreasonably charged an excessive fee for property assessment information.

US tech companies say Canada hasn’t gone far enough to quell a trade spat over a domestic content requirement on streaming companies, featuring a 15% funding obligation, while Canadian media groups are vowing to fight to keep the requirement intact.

The Singaporean Inland Revenue Authority June 4 updated guidance on the GST treatment of gifts and samples. Topics covered include: 1) businesses aren’t required to account for output GST on ...

The French Administrative Court of Appeal of Paris May 29 issued Decision No. 25PA00482, clarifying input VAT deductibility requirements for subcontractor invoices. The taxpayer, a private security services company, challenged ...

The Mexican Official Gazette June 5 published Agreement No. 85/2026, setting the amounts and rates of the tax incentives for automotive fuel production and related services, from June 6 to ...

The Austrian Official Gazette June 5 published Notice No. 70, updating the list of jurisdictions that have ratified the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base ...

The Japanese Ministry of Finance June 8 issued an updated list, in English and Japanese, of jurisdictions that have signed, or have signed and deposited ratification instruments for, the Multilateral ...

The European Commission June 5 issued State Aid Case Decision No. SA.122075, approving Spain’s aid regime for Cantabria under the Clean Industrial Deal State Aid Framework (CISAF). The decision includes ...

Citigroup Inc. is preparing for a windfall from trading across asset classes, with momentum appearing more sustained than it did early last year, according to Chief Financial Officer Gonzalo Luchetti.

The prospect of billions of dollars of oncoming demand for SpaceX stock from index-tracking funds risks creating a feedback loop that drives the shares of Elon Musk’s company even higher, academics and market observers have warned.

Two St. Louis tax attorneys and their insurance broker will serve prison time after the Fourth Circuit rejected their appeal in a $22 million tax fraud scheme.

The Supreme Court’s decision in Sripetch v. SEC opens doors for defense counsel to limit the SEC’s power to seize illegal profits, Buchalter’s Ashwin Ram writes.

Ratings that underpin a growing slice of the $1.8 trillion private-credit market, the hottest corner of Wall Street in recent years, are systematically understating investment risk, according to a new study by Columbia Business School researchers.

The UK’s accounting watchdog Tuesday announced it had launched an investigation into PwC’s audits of WH Smith plc, after the firm signed off on accounts subsequently found to have errors that inflated the retailer’s profit outlook.