Business

New York City Taxes Wealthy Residents

Updated 2026-05-28 13:50 UTC 1 source Neutral

New York City introduced a new tax targeting wealthy residents, including Citadel CEO Ken Griffin. The tax aims to address wealth inequality and generate additional revenue.

Coverage timeline — 2 articles

CNBC

Wix laying off about 20% of its workforce. CEO cites AI, exchange rates in announcing cut

Israel-based web development company Wix is slashing roughly 20% of its workforce, CEO Avishai Abrahami announced in a post on X early Thursday morning.

2026-05-28 13:25 UTC

CNBC

New York passes Mamdani's pied-a-terre tax. Here's who pays and how much

Citadel CEO Ken Griffin became the face of the tax after New York City Mayor Zohran Mamdani posted a video in front of Griffin's penthouse apartment.

2026-05-28 13:35 UTC