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NYC’s plan to tax luxury second homes, explained

New York City Mayor Zohran Mamdani is following through on one of his most divisive campaign promises: tax the rich. Loading audio narration… Mamdani and Gov. Kathy Hochul introduced a new pied-à-terre tax proposal on Wednesday. The tax, which requires legislative approval, would affect residents who own a secondary property…

A single mother in the Hamptons

This essay is part of The New American Home, a series that examines multigenerational houses.After 13 years of marriage, I became a single mom of my two young kids. I knew my life was about to change after my divorce in 2024, but I didn’t fully grasp how quickly and dramatically it would shift.Our family home was in East Hampton, New York, but it wasn’t technically mine. I had been with my husband since I…

Business

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Markets

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Judge temporarily blocks merger of local TV rivals Nexstar and Tegna

A federal judge in California has blocked the merger of local TV giant Nexstar and its rival, Tegna, until an antitrust lawsuit is settled. Loading audio narration… US District Court Chief Judge Troy L. Nunley on Friday issued a preliminary injunction that forbids Nexstar and Tegna from combining operations during…

Investing

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