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.
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.
Tesla published a form Thursday soliciting interest in Cybercab fleet purchasing - a signal it's moving toward commercial robotaxi operations.
The ride-hailing giant's first UK autonomous fleet is a cautious pilot; here's what it signals for the robotaxi race.
The ride-hailing giant and a British AI upstart are entering a major autonomous market. Here's the strategy behind the test and what it signals for the industry's global rollout.
The state's education board called the AI-led model 'untested' and 'experimental.' A year later, the comptroller's office approved its private campuses for taxpayer-funded vouchers.
The November ballot measure pits revenue against exodus risk, and even Nancy Pelosi won't endorse it.
Ahead of Tesla's Cybercab launch, Waymo publicly warns that vision-only, end-to-end AI systems can't cut it for full autonomy.
Investors are betting on a regulatory breakthrough as Tesla edges closer to a robotaxi without manual controls - here's what it means for the EV maker's valuation and the autonomous driving race.
The $17 billion price tag is pocket change; the design mandates are a lever to force TikTok and YouTube into the same safety cage.
The chipmaker CEO argues AI will be a net job creator and fuel reindustrialization, pushing back on Gates' plan to tax automation.
The Alphabet-owned robotaxi leader is expanding into Europe, a move that tests cross-border autonomous deployment and pressures rivals to keep pace.