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A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.New York’s proposed tax on second homes worth more than $5 million is likely to spark costly legal battles over how to value the city’s most expensive real estate, according to appraisers and attorneys.The city’s so-called “pied-à-terre” tax, announced last week by New York Gov. Kathy Hochul and New York City Mayor Zohran Mamdani, would impose an annual surtax on non-primary residential real estate worth more than $5 million.…
UBS sees supportive macro backdrop sustaining global equity rally Source link
It’s a good time to be in the market for a MacBook, between the affordability of the MacBook Neo, the power of the M5 Pro and M5 Max MacBook Pros, and the all-around appeal of the M5 MacBook Air. But Apple’s desktop computers are another story, and not just because they’re all about due for their own M5 upgrades. Over the last few months, the Mac mini and the Mac Studio have gradually become harder to buy. The 512GB M3 Ultra Mac Studio was removed from Apple’s website, and other models of both desktops have seen their ship times slip from…
All 44 seats are are up for grabs at Newcastle-under-Lyme Borough Council. Source link
OpenAI on Thursday announced its latest artificial intelligence model, GPT-5.5, which the company says is better at coding, using computers and pursuing deeper research capabilities.The launch comes less than two months after OpenAI released GPT 5.4, the latest sign of the breakneck pace of development that’s driving the AI sector.”What is really special about this model is how much more it can do with less guidance,” OpenAI President Greg Brockman said during a briefing with reporters on Thursday. “It can look at an unclear problem and figure out just what needs to happen next. It really, to me, feels like…
Fuji Oil cuts full-year profit outlook on Blommer impairment Source link
TSMC CoWoS chips: Sample microchips packaged using CoWoS at TSMC’s offices in San Jose, California, shown to CNBC on February 20, 2026.CNBCShares in Taiwan Semiconductor Manufacturing Co. surged 5% to a fresh all-time high on Friday after the island’s regulator said it plans to loosen limits on funds’ allocations to single stocks.Under the revised framework, domestic equity funds and actively managed ETFs focused exclusively on Taiwanese stocks will be allowed to allocate up to 25% of their assets to any listed firm that carries a weighting above 10% on the Taiwan Stock Exchange. A long-standing rule had capped fund managers’ allocations…
The party promises “bus lanes that make sense” as part of a plan for drivers ahead of local elections. Source link
A customer fills his vehicle with fuel at a gas station on April 13, 2026 in Miami, Florida. As the United States military blockades the Strait of Hormuz fuel prices rose above $100 dollars a barrel.Joe Raedle | Getty ImagesAs war in the Middle East pushes the national average for gas to around $4 a gallon, American drivers are feeling a significant pinch at the pump. Fuel costs have surged 37% since the start of the war, according to insurance-comparison marketplace Insurify.Typically, higher gas prices lead consumers to cut back on how many miles they drive. Fewer miles driven translates…
Porsche, under pressure to cut costs, divests from iconic Italian sportscar maker Bugatti Source link