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.
Mayor Zohran Mamdani sides with anti-AI parents, imposing a one-year moratorium on student-facing AI for elementary and middle schoolers.
New Altrata data shows Hong Kong's billionaire count leads Asia and ranks second worldwide, while mainland Chinese cities close the gap on AI-driven wealth.
The World Humanoid Robot Games in Beijing showcased China's rapid progress in humanoid robotics, but also its limitations as US competitors close the gap.
Old Navy's new chief faces a turnaround as comparable sales decline, testing Gap's ability to revive its biggest brand.
China's largest developer by revenue is bleeding deeper red ink even as regulators lift buying curbs - here's what the widening gap means for the sector.
A four-day outage at a small gas plant exposes a decade-long gap in Britain's cyber defenses for distributed energy.
A cross-border investment by Beijing-backed capital signals Hong Kong's northern districts are becoming a hub for mainland logistics and tech.
The city-state is doubling down on its southern resort island to capture a bigger share of Asia's travel rebound; here's what it means for operators and investors.
Upscaling tools promise to breathe new life into old footage, but the gap between marketing and reality is wide. Here is what is really happening.