New Mexico court orders Meta to pay $567 million for teen mental health fund

The AI server maker now expects gross margins to be in the range of 15% to 17% thanks to an improving customer and product mix

New York City homeowners who want to apply for an exemption from Mayor Zohran Mamdani’s pied-à-terre tax have been given an additional month to do so, officials announced. The Gothamist reported that residents across the city’s five boroughs who feel their homes are being unfairly targeted by the new tax on secondary residences previously had…

Regional results underscored that unevenness. The well-supplied West led all four regions with an 8.9% year-over-year affordability gain, followed by the South at 8.3% and the inventory-constrained Midwest at 6.2%. The Northeast was the exception, where home prices rose 3.9% against regional wage growth of just 3.2%, producing the smallest improvement nationally. For brokers qualifying…

MPs have warned that the government’s plan for tackling financial exclusion is “far from the finished product” and that industry voices may have held too much sway at the expense of consumer groups. Members of the Treasury Committee say the Financial Inclusion Strategy is a welcome first step, but it is incomplete and lacks vital information on…

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In the early 1970s, bonds were boring. You bought them, filed them away in a drawer, and clipped coupons until maturity. The prevailing wisdom treated fixed income as a static, buy-and-hold asset class. Bill Gross and a small team at Pacific Mutual in Newport Beach saw it differently. They began trading bonds actively, using newly…