Author: News Room

Rich New Yorkers’ incomes have soared, but it means more wealth to tax

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 gap between its Wall Street bigwigs and everyday workers,…

The Taiwan Test

Caught between two superpowers, Taiwan stands to be the world’s most dangerous flash point.The island democracy of 23.2 million people knows its precarious position. For the last four decades, the global semiconductor hub has conducted annual military drills focused on staving off a cross-strait invasion by Beijing, which considers the…

Europe is rethinking where it keeps its gold

Geopolitical turmoil is pushing central banks to think harder about where they keep their gold reserves.On Wednesday, the Netherlands central bank said it had reallocated about 86 metric tons of gold from New York and Ottawa to London between March and August, “in view of increasing geopolitical unrest” and to…