Mayor Mamdani’s budget mess is creating chaos in the NYC bond market

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New York City’s bonds have suddenly become a hot topic on Wall Street — and you can thank socialist Mayor Zohran Mamdani for this certifiably ­bizarre development. This past week, the Big Apple went to investors to sell billions of dollars in municipal debt. With Mamdani doing his best imitation of Fidel Castro, the city […]


AI is creating new billionaires at a record pace

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Mira Murati, Chief Technology Officer of OpenAI (L) and Dario Amodei, Getty Images | CNBC A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Artificial intelligence startups have minted dozens of new […]


Nissan, Honda announce plans to merge, creating world’s No. 3 automaker

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Japanese automakers Honda and Nissan have announced plans to join forces, forming the world’s third-largest automaker by sales as the industry undergoes dramatic changes in its transition away from fossil fuels. The two companies said they had signed a memorandum of understanding on Monday and that smaller Nissan alliance member Mitsubishi Motors also had agreed […]