New York City is floating a $500 million second-home tax — and it would hurt industries that support thousands of jobs

Surcharge on luxury units is a gamble that the ultrawealthy won’t leave for low-tax states.
This is the defense sector’s fastest grower — and a $20 billion trade most investors are missing

‘Drone-killing’ technology is now a must-have for government agencies — from Washington to Riyadh.
These Alzheimer’s drugs were supposed to revolutionize the way we fight the disease. The reality is more complicated.

A scientific report has raised questions about how much Leqimbi and Kisunla — the “breakthrough” Alzheimer’s drugs that have hit the market in the last few years — really help slow the disease.
'It's just scale': Local mom-and-pop car dealerships are growing or dying amid industry consolidation, rise of mega-retailers
Multibillion-dollar dealerships have been on the rise amid a decadeslong consolidation that has led to a grow-or-die mentality for many U.S. auto retailers.
Cal-Maine’s stock falls as DOJ reportedly weighs bigger crackdown on major egg producers

Egg prices crossed the $6 barrier in March of last year, but they have since fallen as farmers have replenished their flocks.
Think the rally is safe? This elite market-timing indicator says a correction is overdue.

The gold-platinum ratio suggests the stock market is living on borrowed time.
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‘I am the trustee’: My mother set up a trust for my sibling who stole $100,000 from a bank. Can the trust be seized?

“Felony charges are pending.”
Morgan Stanley tops estimates as trading revenue exceeds expectations by nearly $1 billion
Morgan Stanley’s results in the quarter were powered by the firm’s fixed income and equities trading operations, which produced about $8.5 billion in revenue.
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