New York City posts notice of new tax levy to pied-a-terre owners

Tishman Speyer is angling for the biggest economic subsidy of the Mamdani administration, but it didn’t come on Tuesday, when it was expected. New York City’s Industrial Development Agency failed to take up a resolution regarding a $100 million tax break for the developer’s project at 99 Hudson Boulevard in Hudson Yards, Bloomberg reported. A…

Senior citizens can currently secure fixed deposit (FD) interest rates of up to 8.50%, with small finance banks offering some of the most attractive returns in the market. Private, public sector and foreign banks are also providing competitive FD rates for elderly depositors. For those investing substantial sums, even a marginal variation in FD rates…

Alpaca Securities has received in-principle approval (IPA) from the Monetary Authority of Singapore, a conditional step towards a Capital Markets Services (CMS) licence. London’s trading industry is coming home! If granted, the licence would enable the company to provide brokerage and custodial services from Singapore to partners in Southeast Asia. The IPA advances a regional…

Employees at Paramount Skydance and Warner Bros. Discovery are preparing themselves for not-so-friendly competition as their companies merge in the coming weeks. “It’ll be quite competitive to see whose services and teams stick around,” a Paramount streaming manager said, reasoning that WBD has “some great engineers and teams doing very similar work to us.” Paramount’s…

Prediction markets continue to expand into new products, new distribution channels, and new regulatory frameworks. This week brought developments across all three. Kalshi Looks Beyond Crypto Perpetuals Kalshi is preparing to expand its perpetual futures business beyond crypto, discussing contracts tied to foreign exchange, metals, and energy with regulators. According to Reuters, the exchange has…

Shares of Meta Platforms (META +2.59%) were heading lower last month as a slew of concerns mounted for the social media giant. Among those were layoffs, overspending on AI and capital expenditures, and a lack of direction in artificial intelligence, as the company has struggled to develop a meaningful revenue stream beyond advertising. The stock…