Biggest US law firms explore selling stakes to private equity

Paul Weiss, Quinn Emanuel and Proskauer among firms that have had conversations about deals

'Every dollar is mobile': California's rich snap up New Zealand 'golden visas'

Applications for indefinite right to work, live and study in the country have risen after rules were eased

AI's bottomless pit problem: Investors are scrutinizing costs

Investors are scrutinizing the AI trade over bottomless pit concerns — that is, are companies throwing money into one?

Bikemaker Accell files for insolvency four years after €1.8bn KKR-led buyout

Announcement by Dutch owner of Raleigh and Babboe brands follows four difficult years since it was taken private

Matt Levine’s Money Stuff today is relevant to Verge interests.

A lot of staffers subscribe just because we enjoy his work (and when he gets his vacation ruined). But today’s newsletter is about the SpaceX lockup expiring — how it should work vs what we will find out tomorrow about how it will work — and how the noted AI hedge fund Situational Awareness may have tanked the bets of noted AI hedge fund Situational Awareness.

SpaceX spooks investors with debut earnings report

Shares slide in pre-market trading even as group says its quarterly revenues nearly doubled.

SpaceX's science fiction dreams come with an astronomical bill

SpaceX shares fell as much as 11% in overnight trading despite the company delivering an earnings beat on Tuesday.

Investors can't stop believing

High stock prices are critical to keeping funds flowing to the AI buildout.

Shares in Chinese AI darlings slide on US ban fears

Zhongji Innolight and Eoptolink hit by report that Washington is drafting ban on optical transceivers

The real message in the yen intervention

The dollar’s status as a reserve currency is not what it used to be

China launches global tax hunt going back decades

Fiscal pressure sparks retroactive campaign and tougher controls on future offshore capital flows

Donald Trump trapped between escalation and an Iran deal on Tehran’s terms

US president faces few good options to exit a war he once said would end swiftly with the Islamic republic’s surrender