April 2025

Fannie Mae, BNY accused of inflating rates on local loan foreclosures

Home lenders and their partners have been cheating New Yorkers by inflating what they owed on home equity loans that fell into foreclosure, according to lawsuits filed Thursday. The systematic miscalculations diverted thousands of dollars from people who fell behind on loans, homeowners said in documents filed in federal court in Brooklyn. The discrepancies allegedly […]

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Multiple Probes Into Eric Adams’ Inner Circle Persist, Even as Mayor Escapes Prosecution

Hours after a federal judge tossed the corruption case against Mayor Eric Adams, the mayor stood on the steps of Gracie Mansion and crowed, “Today finally marks the end of this chapter.” Not quite. Law enforcement investigations of some of his closest aides continue apace, with the Federal Bureau of Investigation and city Department of

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What Do Polls Say About Public Support for Trump’s Tariffs?

Photo-Illustration: Intelligencer; Photo: Getty Images Experts’ reactions to President Trump’s big new protectionist push have been mostly negative. From economists, judgments have largely ranged from skeptical to horrified. In the political realm, Democrats have been almost uniformly hostile, while Republicans have generally fallen silent or hoped for the best. From the generally Trump-aligned business community,

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Senate Republicans Decide Against Having a Real Budget

Photo: Andrew Harnik/Getty Images Time is running out for House-Senate agreement on a congressional budget resolution necessary to “unlock” a future budget-reconciliation bill, which is the only way to enact Donald Trump’s legislative agenda without any input from Democrats. So Senate Republicans, led by Budget Committee chairman Lindsey Graham, have made a fateful decision. They

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With a Buoyant Opening, SP–Arte Showcases the Strength of a Self-Sufficient Brazilian Art Market

SP–Arte, Brazil’s leading art fair, opened yesterday (Wednesday, April 2) to VIPs in the iconic Pavilhão Ciccillo Matarazzo designed by Brazilian master architect Oscar Niemeyer. Animated since the early hours by the packed crowd of mostly Brazilian collectors, dealers were busy with negotiations and conversations until late into the evening—well after the fair closed at

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Nike and Adidas Are Getting Trampled by Trump Tariffs Targeting Vietnam

Over the past few years, the world’s largest sneaker companies have increasingly expanded their sourcing footprint in countries like Vietnam to diversify production outside of China. But with the Trump administration’s “Liberation Day” tariffs taking aim at manufacturing hubs across Southeast Asia, this strategy is now majorly backfiring against footwear giants like Nike and Adidas

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JetBlue slashes CEO’s bonus in wake of shareholder concerns

JetBlue Airways slashed its chief executive’s cash bonus last year after a majority of shareholders voted against its executive pay packages, according to documents filed Wednesday with the U.S. Securities and Exchange Commission. JetBlue CEO Joanna Geraghty saw her bonus shrink in 2024 to $385,000, compared to more than $1.7 million for the previous year,

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🏇🏈🏀 Suffolk OTB: Bringing Sports Betting to Long Island! 🎲⚾🏒

Long Island deserves a world-class Sportsbook—and Suffolk OTB is ready to deliver. A Sportsbook at Jake’s 58 Casino Hotel, part of a public benefit corporation, would mean millions of more dollars for our New York State schools. Long Islanders should be able to watch their favorite teams; placing bets in real-time; and enjoy the thrill

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Hedge fund executives, foreign dignitaries get highest property tax bills

Taxes are always a certainty. But some New Yorkers get a heftier bill than others. The former emir of Qatar got New York’s biggest property tax bill for 2024-2025 at more than $984,000, according to newly released data from PropertyShark. Other names atop the list include private equity and hedge fund bigwigs Ken Griffin, Steve

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