Worldwide Machinery has filed for Chapter 11 bankruptcy in Southern Texas, according to a filing.

The world is shifting from a period of post-Cold War stability and integration to one where rising geopolitical risks and strategic rivalry are forcing governments and companies to build costly safeguards, a senior official at the Reserve Bank of Australia said Friday.

Gemini Space Station Inc. raised $425 million in an initial public offering, pricing its stock above a marketed range and shrinking the number of shares.

OpenAI said it’s closer to converting into a more traditional for-profit company — nearing the resolution of painful negotiations with top shareholder Microsoft Corp. and outlining terms of at least $100 billion in equity for its nonprofit arm.

Naveen Rao, the head of artificial intelligence at the $100 billion startup Databricks Inc., is planning to leave his position to launch a new venture making a novel type of computer, according to a person familiar with the matter.

A relatively tame inflation reading combined with more signs of jobs cooling spurred a rally on Wall Street amid speculation the Federal Reserve will slash interest rates for the first time this year.

Equities edged lower in cautious trading as investors weighed how much further a record rally driven by expectations of Federal Reserve interest-rate cuts can run.

President Donald Trump’s tariff policies are prompting large pharmaceutical companies to promise investments in US manufacturing, but it might let them keep the crown jewels—their intellectual property—overseas.

In this episode of the Talking Tax Podcast, Crowe LLP transfer pricing practice leader Sowmya Varadharajan talked with reporter Caleb Harshberger about the choices, and risks, companies are facing with tariffs and transfer pricing.

The Swiss government said it agreed to the international framework for exchanging information in order to implement the OECD minimum tax rate.

A growing number of businesses in recent weeks are suing the payroll companies that filed their employee retention tax credit claims, alleging they’re not receiving some or all of their owed refunds.

George Mason University Law School’s Donald Kochan says the IRS should let a tax decision favoring AbbVie stand to better encourage risk taking, research and development, and strategic mergers and acquisitions.

A forgotten provision in a European law regulating smart devices and cloud platforms goes into effect Friday, catching many US companies by surprise and threatening long-standing business models.

A growing number of businesses in recent weeks are suing the payroll companies that filed their employee retention tax credit claims, alleging they’re not receiving some or all of their owed refunds.

The IRS correctly limited the amount of wages a company can use to claim a newer tax credit enacted under the Tax Cuts and Jobs Act in 2017, a majority of the US Tax Court said in a precedent-setting opinion.

New Jersey exempted Minor League Baseball players from its wage-hour laws and wage payment recordkeeping requirements under a bill effective Sept. 11.

The hourly minimum wage in Montana is expected to rise to $10.85 from $10.55 effective Jan. 1, 2026, according to Bloomberg Tax calculations.

Portugal’s withholding tables for the Azores and Madeira were updated effective Oct. 1, as well as retroactively for the period from Aug. 1 to Sept. 30, notices published in Portugal and Madeira’s gazettes said.

George Mason University Law School’s Donald Kochan says the IRS should let a tax decision favoring AbbVie stand to better encourage risk taking, research and development, and strategic mergers and acquisitions.

Stripe’s Aleksandra Bal and Daniel Rossi say digital training providers need to build tax compliance into their strategy from the outset to compete in a rapidly expanding global market.

Ongoing low staffing in HMRC’s Fraud Investigation Service has caused fewer cases to be opened and reducing yields for HMRC, says a Pure Tax Investigations practitioner.

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When Republicans passed their sprawling tax bill, one objective was to bolster American auto plants. The new tax deduction for interest on car loans is welcome. In terms of the Buy America agenda on dealer lots, however, it’s something of a sideshow. The White House and the Federal Reserve are the bigger factors here, not the IRS.

Although the Employee Retention Credit expired over three years ago, claims are still being adjudicated, and taxpayers should strategize on how to expeditiously get refunds or handle disallowed claims, says a KPMG practitioner.