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.
Central banks are rethinking where gold is safe after Russia's assets were frozen, and the Dutch just made the biggest move yet.
The creator of the Global Financial Centres Index says an Asian city will eventually take the crown, with Hong Kong's legal predictability and low taxes making it a front-runner.
The NYT-owned outlet says the former reporter's ties to the Patriots coach created an appearance of conflict, a ruling with implications for media and executive relationships.
The fast-fashion giant finally listed in Hong Kong on Tuesday, but investors greeted it with a sell-off. Here's what the debut signals for the company and the broader market.
The fast-fashion giant finally goes public in Hong Kong, but the market's cool reception signals lingering concerns about its business model and regulatory risks.
The fast-fashion giant finally lists in Hong Kong after a years-long quest to go public in New York and London, but the IPO arrives with its valuation and reputation dimmed.
Kathy Hochul fires back at Cody Wilson's 'Hochulization' tool, vowing to stay ahead of anyone who tries to skirt New York's 3D-printed gun ban.
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 city's two-year-old push to become a global gold trading centre is winning over critics, thanks to its unique position and China's appetite.
A mother's side-by-side comparison of giving birth in New York and Puerto Rico exposes hidden costs and systemic delays that employers and insurers can't ignore.