Cathie Wood buys $18 million of beaten-down AI stock

Luxury second homes in New York will have to be taxed at a “significant” amount to generate the $500 million of revenue the city is counting on to help close a gaping budget hole, according to a new study from New York City Comptroller Mark Levine’s office.

Iran’s new supreme leader gave a rare statement on Thursday, vowing not to give up the country’s nuclear or missile technologies and signaling Tehran would keep control of the Strait of Hormuz. Natasha Hall, Associate Fellow at Chatham House joins to discuss on Balance of Power. (Source: Bloomberg)

The US Senate voted unanimously Thursday to ban its members and staff from trading on fast-growing prediction markets, highlighting concerns about insider trading on the platforms after a US soldier was accused of using classified information to profit from trades.

The Thomson family is on track to reap almost $1 billion from their eponymous company even as its shares have been among the hardest hit by the threat of artificial intelligence.