Florida voters on Tuesday approved a major overhaul of the state’s property tax system. But the droves of billionaires and other ultrawealthy people who recently moved there are unlikely to notice much of a difference from its headline tax break. Amendment 3—which raises the homestead exemption on non-school property taxes from $50,000 to $150,000 in
A Democratic Congress may have less influence over markets than investors expect, an economist said. US stocks rose sharply Wednesday after Democrats won control of Congress in the midterms. The Dow jumped 3% in its best day in 18 months, the S&P 500 gained 1.6%, while the Nasdaq climbed 1.4%, as investors wagered that a
Near the end of his victory speech in Detroit early Wednesday, Senator-elect Abdul El-Sayed returned to the line that carried his campaign: “It shouldn’t be this hard to see a doctor in the richest, most powerful country in the world.” El-Sayed defeated Republican Mike Rogers in Michigan’s open Senate race on a night when Democrats
Agility Robotics is about to give Wall Street a reality check on the humanoid robot boom. The Oregon startup, whose two-legged robots carry heavy materials and sort goods in factories and warehouses, is expected to begin trading on Nasdaq on Thursday, becoming the first humanoid-focused company to go public in the US. Its financial disclosures
A New York appeals court on Wednesday threw out a lawsuit over the rollout of Mayor Zohran Mamdani’s pied-à-terre tax, ruling that the homeowners who sued had not adequately shown they were harmed. The Appellate Division, Second Department, reversed a Sept. 29 judgment by Staten Island Supreme Court Justice Wayne Ozzi that had granted the
The holiday shopping season kicks off soon, and every year, the best Black Friday streaming deals have thoroughly impressed us. While most of the major limited-time deals don’t get underway until closer to Thanksgiving, you can still cut costs while cutting the cord with these early deals. Our team is constantly hunting for deals using
