New York City Mayor Zohran Mamdani has ditched his plan to raise New Yorkers’ property taxes — an unpopular measure he threatened to use to help close a two-year deficit. Read full article on original site

The Robin Hood Foundation said it’s well on its way to reaching its $1 billion goal for a permanent endowment, with a $100 million anchor gift from the Bezos family. Read full article on original site

The Milken Institute is planning its first summit in Toronto later this year as Prime Minister Mark Carney’s push to get the attention of global investors gains traction. Read full article on original site

Lake Tahoe has long been a refuge for Silicon Valley’s tech elite, from Mark Zuckerberg to Larry Ellison. Now the artificial intelligence boom behind much of that wealth is straining the region’s power market, pushing up costs for residents in the lakeside towns below. Read full article on original site

A glut of housing supply is reducing prices for the tournament at Shinnecock Hills Golf Club. Read full article on original site

The latest reports from “Little St. Jeff’s,” the notorious Caribbean hideaway of Jeffrey Epstein, are startling. Read full article on original site

Andrew Bursky and his wife pledged $200 million through their family foundation to name a newly created school of public health at Washington University in St. Louis. Read full article on original site

The threat of rising US interest rates could have a knock-on effect for assets across the board. Read full article on original site

Investors won’t get eye-popping 9.62% returns, but today’s I bonds lock in steady, inflation-adjusted returns Read full article on original site

Prime Minister Narendra Modi has called on Indians to avoid buying gold for at least a year to preserve foreign-exchange reserves, a surprising appeal in a country where the metal plays a vital role in savings, weddings and religious festivals. Read full article on original site