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Cuomo says New York taxes and socialism are fueling capital flight

Former New York Governor Andrew Cuomo issued a stark warning to local leadership, arguing that the rise of Democratic socialist policies and aggressive new taxes on high-net-worth residents is directly causing capital to flee to low-tax red states. Speaking in an exclusive FOX Business interview, Cuomo said that the current…

Why ‘Big Short’ investor Michael Burry says Netflix makes milk — while Disney makes wine

Michael Burry says there’s a glaring difference between two of the world’s most powerful media companies.”Disney produces wine. Netflix produces milk,” the investor of “The Big Short” fame said in a Substack post on Friday.”One lasts and even gets better with time, one is just fine for now, but most certainly does not get better with age,” he added.Burry, who pivoted from running a hedge fund to writing about his personal investments late last year,…

Business

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China targets chatbot romances as population crisis deepens: report

China is reportedly tightening restrictions on AI companion chatbots as the country grapples with a shrinking population and record-low birthrate. New rules that went into effect Wednesday prohibit chatbots from encouraging emotional dependence or forming virtual romantic or familial relationships with minors. Companies must also contact a guardian or emergency…

Markets

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Investing

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