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Topic: Business

Business

NYC Considers $500M Second-Home Tax Targeting Luxury Units

New York City is floating a proposed $500 million surcharge on second homes and luxury units. MarketWatch reports the measure is seen as a gamble, with concerns that ultrawealthy owners may relocate to lower-tax states, ...

2026-04-18 18:42

Business

Iran Claims Hormuz Control as Trump Pushes for Nuclear Deal

Iran has asserted "strict control" over the Strait of Hormuz and signaled it will not be fully reopened, prompting President Trump to warn Tehran against blackmailing Washington. Separately, the Financial Times reports t...

2026-04-18 10:20

Business

SantaCon NYC Organizer Charged with Wire Fraud Over Donations

Stefan Pildes, organizer of New York City's annual SantaCon pub crawl, was arrested and charged with wire fraud for allegedly pocketing donations from attendees and host venues. The arrest was welcomed by many New Yorker...

2026-04-18 10:00