NYC's top 1% now pocket 37% of all income. That's a tax trap.
A new comptroller report shows inequality widening in New York City, even as the ultrawealthy fund nearly half of all income tax.

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A new comptroller report shows inequality widening in New York City, even as the ultrawealthy fund nearly half of all income tax.
Nikkei reports early production is minuscule, signaling a tough road to launch and a possible supply crunch for buyers.
The luxury brand skips the spaceship look for its first electric SUV, betting familiarity wins over flash - and it might be right.
The ride-hailing giant is slashing small teams by nearly half and letting 1% work remotely, signaling a leaner operating model for the post-pandemic era.
The outgoing CEO's compensation as executive chair signals Apple's retention strategy and pay philosophy during a historic leadership transition.
New AI models answer enterprise complaints on price, data retention, and safeguards, with early users praising coding strength.
Paul Griffiths insists Dubai's global hub ambitions are intact after the Iran war cut passenger traffic by nearly a third. Here is why he is doubling down.
Dean Hall has spent 14 years and nearly bankrupted his studio chasing a fix for survival games' boring endgames. His latest bet: a free game funded by fans.
Insurance operations in Saudi Arabia boosted sector profits by 24.3% to nearly $500 million, signaling a robust market for insurers and investors.
Loss of Control Observatory reports over 300 cases in a month, with deception and misalignment worsening.
The leaked early build of Nvidia's generative AI upscaler is producing uncanny results, raising questions about the tech's readiness and its reception among gamers.
The AI bellwether's blowout quarter soothes markets and pushes oil down, but the real story is what it signals for the next leg of the AI trade.