New York pied-à-terre tax invites valuation fights
Hochul and NYC Mayor Mamdani propose an annual pied-à-terre surtax on non-primary homes over $5M, expected to raise ~$500M and spark valuation disputes.
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2 min read
Finance — Page 9
Latest in Finance
Fitch Downgrades Mozambique to CCC, Raises Risk of Missed Payments
Fitch cut Mozambique's sovereign rating to CCC, citing post-election unrest, revenue misses and rising domestic financing needs that increase default risk.
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2 min read
China Pauses New Stimulus After 5% Q1 Growth
China pauses new stimulus after 5% Q1 growth, keeping key rates steady while weighing targeted fiscal steps amid rising inflation and geopolitical risk.
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3 min read
Nasdaq Logs 10th Straight Gain as Big Tech Pushes Higher
Nasdaq notched its 10th straight gain as big-cap tech stocks lifted markets. Strategists point to valuation repricing, AI adoption and earnings and outlook.
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3 min read
Trump Open to Non-DOJ Probe of Fed Renovation Spending
Trump said he would accept an alternative Fed probe outside the DOJ into alleged renovation cost overruns, as U.S. Attorney Jeanine Pirro appeals and Warsh's confirmation stalls.
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2 min read
Yara Profit Rises as Strait of Hormuz Disruptions Lift Fertilizer Prices
Yara profit rises: Q1 core EBITDA of $896M beat estimates as Iran conflict disrupted seaborne fertilizer flows, pushing urea prices and lifting shares.
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Inheriting $1.5M: Keep or Fire a 3% Adviser?
Inheriting $1.5M? Before firing a 3% adviser, compare fees, services, paperwork, and transition costs to decide whether to negotiate, retain, or switch.
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2 min read
AI Bond Binge Triggers Rare Credit Scrutiny
Tech giants' shift to AI bond issuance is flooding investment-grade markets, prompting reevaluation of AA/A credit and adding supply amid public deficits.
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2 min read
Vail Resorts Cuts Earnings Outlook After Snow Drought
Vail Resorts expects earnings near the low end after an early-season snow drought cut visits about 20% and reduced on-mountain spending, hitting lodging.
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2 min read
Blackstone Turns IPO Exits Into $1.76 Billion; Q1 Earnings Up 25%
Blackstone turned IPO exits and asset sales into cash, lifting distributable earnings 25%. The firm reported $1.76 billion in distributable earnings in Q1, asse
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2 min read
Quiet AI Trade Rakes in Billions
Overlooked companies and supply chains pulled in billions as AI demand surged - from chip tools and memory to marketplaces - and reshaped U.S. trade.
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3 min read
Euro Zone Growth Slows as Middle East Conflict Pushes Up Energy Costs
Euro-zone growth nearly stalled in March as Middle East energy disruptions raised costs, dented confidence and prompted the IMF to lower its 2026 forecast.
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2 min read
Goldman Cuts Europe EPS Forecast to ~4%, Blames Weak Demand and Stronger Euro
Goldman Sachs now forecasts ~4% EPS growth in Europe for 2026 vs 13% consensus, warning weak demand, a stronger euro and China’s slowdown will cut corporate profits.
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2 min read
IMF warns Iran conflict could cut global growth to 2 percent, push inflation past 6 percent
IMF warns a prolonged Iran conflict could cut global growth to 2% and push inflation above 6% in a severe scenario, straining energy markets and imports.
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2 min read
Snapchat adds Place Loyalty badges to Snap Map
Snapchat's Place Loyalty on Snap Map awards bronze, silver or gold badges to top visitors (top 25%, 10%, 1%), requires opt-in location sharing, and helps brands track repeat visits.
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2 min read
Record $18.9B Export Surge Gives Milei a Narrow Shot at Rebuilding Reserves
Argentina's 2024 $18.9B trade surplus from energy exports gives President Milei a chance to rebuild reserves if export dollars are turned into FX buffers.
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3 min read
Vladimir Plahotniuc Sentenced to 19 Years for $1B Moldova Bank Fraud
Vladimir Plahotniuc was sentenced April 22 to 19 years for a scheme prosecutors say siphoned about $1 billion from Moldova's banks. He denies wrongdoing.
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2 min read
ECB Officials Urge Wait on Hike Ahead of April Meeting
ECB officials urged a wait-and-see stance before the April 29-30 meeting, saying fresh data and oil-price volatility should guide any further rate hikes.
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1 min read
PMI's Smoke-Free Push Lifts Q3 Profit, Raises EPS Guidance
Philip Morris (PMI) said smoke-free sales drove record Q3 adjusted EPS of $2.24 and raised full-year guidance to $7.46-$7.56 as smoke-free shipments surge.
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2 min read
Emerging Markets Rally Pauses as Oil Risk Recedes
Ceasefire eased oil risk and paused emerging markets' rally; analysts warn trade deficits, currency pressure and capital outflows still pose risks.
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1 min read
Backdoor Roth: How $3.2M Can Turn a $7,500 Conversion Into Taxable Income
With $3.2M net worth and a $200K traditional IRA, the IRS pro‑rata rule can make backdoor Roth conversions mostly taxable. Read how the calculation works.
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3 min read
Dollar Gives Back Iran War Premium as Traders Pull Back
Dollar sheds Iran war premium as traders unwind after diplomatic signals eased shipping fears; investors now watch growth data and central-bank cues.
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1 min read
Cash App launches parent-managed accounts for kids ages 6–12
Cash App lets parents open and manage accounts for children 6–12, with parent-controlled debit cards, scheduled transfers and savings goals plus interest.
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2 min read
AI 'MAGA Girl' Racked Up Millions of Views and Sold Subscriptions
A 22-year-old student says he built an AI 'MAGA girl' persona on Instagram that drew millions of views and funneled followers to subscription platforms and merchandise.
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3 min read
Meloni gives Terna CEO one choice: €7.3M severance or Eni chair
PM Giorgia Meloni said Giuseppina Di Foggia must choose a €7.3m Terna severance or the Eni chair, prompting legal and corporate governance scrutiny.
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2 min read