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News
Income inequality in New York City is getting worse, even as lower earners saw big wage growth
6+ hour, 31+ min ago (341+ words) The Big Apple is getting more unequal: A new report from New York City Comptroller Mark Levine found that income inequality worsened in the city from 2019 to 2024. That's not entirely unexpected. The country's financial capital has long had a wealth…...
NYC's pied-à-terre tax likely won't be enough to get people moving. That won't stop some towns from trying.
1+ week, 2+ day ago (459+ words) NYC's pied-à-terre tax is proving to be a pain in the penthouse for the rich. Death and taxes are the two guarantees in life, but the latter has been a bit more negotiable for the rich. (And they're working on…...
Rich New Yorkers Desperately Look to Dodge Mamdani's Pied-????-Terre Tax
1+ week, 2+ day ago (571+ words) Among New York City's wealthiest homeowners, the stages of grief over the city's hotly contested "pied-à-terre tax" go something like this: First, anger at the chaotic rollout. Then denial, as they pepper lawyers and tax advisors with various versions of…...
Nike is offering $4,000 in rent money to winners of a NYC race. In Manhattan, that might not be enough.
1+ week, 4+ day ago (370+ words) It might be possible to outrun your next rent payment — if you live with roommates. Nike is offering a unique — and highly relevant — prize to two winners of a street race in New York City on August 29: "1 month of free…...
This Bushwick café, faces NYC's high costs while building a community hub for art and coffee lovers.
2+ week, 3+ day ago (721+ words) Ilia Penzin and Liliia Penzina call their café and art gallery their baby. "The United States is the best country to try a business," Penzin said. "We love coffee, we love hospitality. We decided to open a café." For Business…...
Luigi Mangione pleads guilty to federal stalking charges in striking reversal
3+ week, 17+ min ago (265+ words) Luigi Mangione pleaded guilty to federal stalking charges on Friday, throwing a wrench into a separate state murder trial scheduled to begin next month over the killing of UnitedHealthcare CEO Brian Thompson. In the striking development, Mangione reversed his previous…...
Kalshi CEO says lawsuits are the price of being a disruptor
1+ mon, 7+ hour ago (446+ words) Kalshi's CEO says the scrutiny his company is facing is just part of a cycle that most disruptive startups must go through. Tarek Mansour, the prediction market's cofounder, spoke on CNBC on Monday about the lawsuits Kalshi is facing from…...
30% savings and an NYC private label: What to know about Mamdani's city-run grocery stores
1+ mon, 5+ day ago (603+ words) Zohran Mamdani's chain of city-run grocery stores — one of his most notable campaign promises — will offer kitchen staples at a steep discount. With crushing overhead costs, some local businesses may struggle to compete. The mayor said the stores will offer…...
A Manhattan primary winner for a seat in Congress has a defiant message for OpenAI and Anthropic
2+ mon, 1+ week ago (266+ words) The new Democratic nominee for a congressional seat in Manhattan had a strong message for the AI industry on Tuesday night. After defeating a crowded field of eight candidates in New York's 12th congressional district, Micah Lasher, who won by 39.1%, took…...
How a long-shot Facebook plea helped an 88-year-old fan — and his family — see Knicks history
2+ mon, 2+ week ago (524+ words) Winston Lord, 88, and family watched the Knicks parade from Business Insider's office, celebrating a historic NBA championship in New York....