The court reversed a judge’s order that had said New York erred in its rollout of the tax, granting Mayor Zohran Mamdani a victory over a key piece of his agenda.
The outcome of the state’s ballot initiative for a billionaires tax could set the tone for the broader Democratic debate about how to raise more revenue.
Jio Platforms shares surged on their first day of trading, even as questions mount about the telecom firm’s growth prospects and a new generation takes charge.
From left, Mukesh Ambani, who leads the Reliance Industries conglomerate, with his sons, Akash and Anant, at the National Stock Exchange of India in Mumbai on Wednesday to mark the listing of Jio Platforms.
The billionaire told Meta’s board that he planned to list his Silicon Valley home for sale. The company remade its stock structure to help him pay the tax if voters pass it.
Mark Zuckerberg, the chief executive of Meta, at his home in Lake Tahoe, Calif. He has another California home in Palo Alto, close to Meta’s headquarters.
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