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Mamdani Threatens NYC Property Tax Hike as Last-Resort Option
New York City Mayor Zohran Mamdani has thrown down an ultimatum, threatening to raise property taxes by nearly 10% as a way to lobby Governor Kathy Hochul for more funding.
Bank of Canada Orders Payments Firm XTM to Stop as Millions Go Missing
The Bank of Canada issued an order to temporarily stop financial technology company XTM Inc. from handling retail payments, alleging it failed to safeguard client funds and caused a “significant shortfall.”
Gold Steadies After Two-Day Drop in Thin Lunar New Year Trading
Gold was little changed after a two-day decline, with many Asian markets offline for the Lunar New Year holiday.
Oil Holds Drop as US and Iran Signal Progress in Nuclear Talks
Oil held a decline after positive talks between the US and Iran over the OPEC member’s nuclear program, paring crude’s risk premium.
Walmart to Report Earnings Amid New CEO, $1T Market Cap
New CEOs often arrive with a mandate to turn a company around. Walmart’s John Furner is taking the helm with another daunting challenge: coming in at a high point. The world’s largest retailer is seeing strong growth from newer, wealthier customers and is ben…
A Sleepy Corner of Japan’s Bond Market Ignited on Foreign Demand
A Japanese bond futures contract that lay dormant for years is emerging as a popular hedging and positioning tool for overseas investors who are ramping up exposure to Japan’s super-long bonds.
Santos to Cut Workforce by 10% After Slump in Annual Profit
Santos Ltd. is targeting a 10% headcount reduction after Australia’s second-biggest natural gas producer reported a slump in profit on lower oil and gas prices.
USHG CEO: Fine Dining is Our Strongest Segment
Chip Wade, CEO of Union Square Hospitality Group, discusses trends in the fine-dining sector, highlighting increases in foot traffic and customer spending across the company’s restaurants. He speaks with Romaine Bostick and Katie Greifeld on “The Close.” (Sou…
IHG: See Positive Travel Trends in Europe & Middle East
Elie Maalouf, CEO of InterContinental Hotels Group, discusses the company’s strong financial performance in 2025. He tells Romaine Bostick and Katie Greifeld on “The Close” that IHG is well prepared for the World Cup, which adds to the company’s optimism for …
Asia Set for Positive Open After Choppy US Session: Markets Wrap
Asian stocks are set for a positive open in thin holiday trading after US shares whipsawed as traders struggled to assess the outlook for artificial intelligence.