Wall Street is in turmoil over Zohran Mamdani's victory in the NYC mayoral primary. Investors fear tax hikes and stricter regulations, leading to potential exodus from the city. High-profile financiers express alarm at the implications for New York's economy.
The U.K. economy shrank 0.3% in April, facing declines in industrial and service sectors due to global trade tariffs and domestic tax increases. With businesses struggling, can the economy bounce back?
A little-noticed provision in Trump's spending bill may force New York's top firms to pay billions in extra taxes, risking an exodus of businesses and professionals from the city.
As House Speaker Mike Johnson races to finalize a massive spending cut package, Senate Republicans express skepticism, calling the bill 'wimpy' and 'anemic.' Key GOP senators are pushing back against elements of the proposal, citing concerns over Medicaid changes and tax hikes. Will the Senate reshape Johnson's plan or let it die?
In a surprising phone call, Trump urged Speaker Johnson to consider raising taxes on the wealthy to fund middle-class tax cuts. This shift could reshape GOP strategies as they navigate complex negotiations on a major tax bill.
