Money
EU sets October 8 deadline for China to ease rare-earth export limits
EU trade commissioner Maroš Šefčovič meets China in Beijing on October 8, seeking assurances on rare-earth supply. Ursula von der Leyen has said the EU will retaliate if China misses its October deadline.
C.H. Robinson's $5.8 Billion RXO Deal Targets $300 Million in Annual Cost Cuts
C.H. Robinson to acquire RXO for $5.8 billion. How the deal consolidates freight brokerages, finances through Morgan Stanley bridge, and targets $300 million in synergies.
Armani's Will Requires Heirs to Sell 15% to LVMH, L'Oréal or EssilorLuxottica
Giorgio Armani's will mandates selling a 15% stake, with LVMH, L'Oréal and EssilorLuxottica named as preferred buyers.
Judge Approves Paramount-Warner Settlement, Clearing $111 Billion Deal for October 6
A settlement between Paramount Skydance and 12 states requires theatrical film production commitments, a worker fund, and editorial oversight for CNN and CBS.
Why fund managers pay 13 points less tax than their investors on the same profits
Private equity and hedge fund managers receive a profit share taxed as capital gains, not wages, creating a 13-percentage-point tax advantage that reform efforts have repeatedly failed to close.
Why Citigroup Is Taking Banamex Public Rather Than Selling It
By retaining control through an IPO instead of an outright sale, Citigroup frees capital for buybacks while gradually exiting a consumer banking market that no longer fits its strategy.
Why Family Offices Are Buying Public Stocks Again as Succession Gaps Widen
Nearly half of family offices increased public equity allocations in 2026, seeking liquidity and quality.
Why the $830 Billion Treasury Basis Trade Is Now Unwinding
The strategy that exploits tiny price gaps between Treasury bonds and futures has surged to become a cornerstone of the market—and a growing concern for regulators watching leverage and systemic risk.
Who Pays New York City Income Tax: The 183 Day Rule, Residency Audits and What Commuters Owe
New York City income tax follows residency, not simply the location of an office. The difficult cases turn on domicile, a permanent place of abode and meticulous day counting.
Why wash sale rules trip up investors claiming losses
A 30-day window makes it easy to disqualify a loss. Knowing the rule keeps your tax deductions intact.
How quarterly estimated taxes work for New York freelancers and self-employed
Self-employed New Yorkers must pay income tax in four installments rather than once a year. Payments follow specific rules to avoid penalties.
How buy now, pay later actually works and what it costs
Buy now, pay later services carry interest up to 36.99%, and now affect credit scores. Here's what New York shoppers actually pay.
How Federal Reserve Rate Increases Change Bond Prices and Portfolio Returns
Rising interest rates create immediate losses for bond holders. Understanding how duration measures this risk helps New York investors adjust their portfolios for current market conditions.
What Alternative Minimum Tax Means for New York High Earners in 2026
A 2026 tax law change doubled how fast the AMT exemption disappears, pulling more high earners into a parallel tax system that disallows state and local tax deductions.
How renters insurance and emergency savings work together in New York
Renters insurance protects your belongings and liability. An emergency fund covers unexpected costs your insurance won't. Here's how to use both.