Core Scientific Inc. shareholders rejected a takeover bid by CoreWeave Inc. that proxy advisers said undervalued the data center company, ending a contentious monthslong saga.

A prosecutor said more people will plead guilty over the 2020 collapse of Prophecy Asset Management, which the US says cost investors $294 million.

American International Group Inc. agreed to buy stakes in specialty insurer Convex Group and alternative asset manager Onex Corp. in transactions that total more than $2.7 billion.

Nigerian financial-technology firm Flutterwave Inc. plans to allow payments on its platform using stablecoins – digital tokens pegged to the dollar — as businesses seek to bypass traditional providers that are slower and more expensive.

Adrienne Harris joined Sullivan & Cromwell as of counsel and policy adviser in its New York office, the firm announced Thursday.

Wall Street pumped the brakes on a furious stock rally after the Federal Reserve tempered expectations for a December rate cut and Meta Platforms Inc. tumbled 11% as the giant is taking on debt to fund its artificial-intelligence push.

The former shareholder of a pharmaceutical business owes additional tax on a portion of its $191 million settlement payout following a squeeze-out merger, after the Third Circuit determined Thursday that the shareholder couldn’t convert what was ordinary income into capital gains.

Mark Zuckerberg warned that Meta Platforms Inc. will need to spend even more aggressively on artificial intelligence in the year ahead, reigniting concerns from investors who sent its shares plunging on concerns that the massive investments won’t pay off.

Stellantis NV said 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.

Mexico’s economy contracted slightly in the third quarter, a sign that President Claudia Sheinbaum’s plans to stimulate growth despite simmering trade tensions with the US are falling short, reigniting concern of a recession this year.

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

France’s National Assembly backed a series of tax-raising amendments overnight, casting fresh doubts on whether the government can secure final approval for the 2026 budget by year-end.

Shutterstock Inc. and Meta Platforms Inc. have settled a lawsuit by an engineer who claimed she was underpaid by more than $2 million.

Northeastern University received preliminary approval for a $725,000 class settlement with workers challenging their retirement plan’s fees and investment options.

A former Bank of New York Mellon Corp. employee filed a federal lawsuit saying he was wrongfully denied severance benefits under the bank’s employee welfare benefit plan.

For the wealthy, the biggest financial gain from leaving New York shows up in their tax returns. City and state levies can total 13.5% on incomes above $1 million and reach 14.8% for those earning $25 million or more.

Opposition to employers’ use of “stay-or-pay” contracts has gotten traction in state legislatures this year, led by California and New York, as federal regulators retreat from efforts to rein in the agreements nationwide.

Companies and individuals increasingly are taking alternative avenues to resolve their tax disputes with the IRS to avoid costly and drawn-out litigation.

Business tax laws in Canada and America are compared.

The Canadian government’s goal to modernize its budgeting process shows good intentions, but a seemingly innocuous change of its budget release date may create some headaches in the Canadian tax community.

The debate over the accounting treatment of stablecoins matters not only to companies, accountants, and auditors, but also to investors, regulators, and markets. Clear financial reporting underpins investor confidence and financial stability by extension.

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.