New York City Mayor Zohran Mamdani’s pied-à-terre tax was temporarily blocked by a state judge on Monday after homeowners sued the city last week. The Staten Island judge issued a temporary restraining order blocking the city from proceeding with enforcing the tax, which is intended to be levied on non-primary homes worth at least $5
Returns on AI capex have been a looming question for Wall Street investors, but JPMorgan says that elusive AI monetization is a big reason it’s boosting its S&P 500 price target for the year. The bank’s strategists hiked their target for the benchmark index on Monday, as they eye an “increasingly visible” payoff from the
President Donald Trump promoted yet another product this week: “great grass” from the company he said replaced the White House lawn free of charge. Speaking to reporters in the Oval Office on Monday, Trump praised Scotts Miracle-Gro, a public company based in Ohio that sells lawn and garden products. Trump said the company would soon
South Korea’s stock market was back in the red on Monday, extending a turbulent stretch after July’s historic selloff. On Monday, the country’s benchmark Kospi index closed 5% lower as index heavyweights Samsung Electronics and SK Hynix both ended 9% lower. The declines reversed part of Friday’s record rebound, when the Kospi surged 178% —
US President Donald Trump has said new talks with Iran will begin on Monday, after calling off what he said would have been “massive” strikes on the country. “They knew the extent of the attack because they saw it forming,” he told reporters on board Air Force One. “We’re talking to them in the form
U.S. President Donald Trump said Sunday he decided to hold off on ordering American forces to carry out new strikes against Iran at the urging of Gulf allies Qatar, Saudi Arabia and United Arab Emirates. The U.S. president added that a plan was in place for U.S. forces to carry out “the biggest attack since World War II” on