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.
Tesla published a form Thursday soliciting interest in Cybercab fleet purchasing - a signal it's moving toward commercial robotaxi operations.
The Apollo co-founder is fighting a House committee's demand for NDAs he may have signed with women, a move that could test subpoena power.
Why an analyst-controlled break from succession-era uncertainty marks the real test of Apple's new regime.
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.
Fidelity's second-quarter report shows a record number of 401(k) millionaires and steady high balances - a signal of long-term discipline amid persistent economic anxiety.
Stocks jumped on stronger-than-expected guidance, signaling enterprise AI workloads are accelerating faster than Wall Street priced in.
Two new Flash models: one for agentic work, one for cybersecurity, with Flash Cyber already patching Chrome and finding a decade-old flaw.
The league's penalty for salary cap violations reshapes the Clippers' future and signals stricter enforcement.
Two states are asking the Supreme Court to halt California's antitrust case against Paramount after settlement talks collapsed - with millions bleeding out each day.
While Dell chases the same AI boom, HPE's bet on enterprise and government customers is paying off with fatter margins and a stronger quarter.