NYC Erases $12 Billion Deficit Without Property Tax Hikes Thanks to State Aid

New York City, Tuesday, 12 May 2026.
Mayor Zohran Mamdani successfully closed NYC’s massive $12 billion deficit without raising property taxes, relying instead on a $4 billion state infusion and a new luxury home tax.

Historic 2026 Super El Niño Forecast Signals Major Disruptions for US Economy

Nobel Laureate Warns Artificial Intelligence is Accelerating Global Disinformation

Jerome Powell Steps Down as Fed Chair but Breaks a 75-Year Precedent to Stay on the Board

Surging Energy Costs Set the Stage for Tuesday's Critical Inflation Report

eBay Declines GameStop's $56 Billion Merger Proposal Amid Financial Skepticism

San Jose, Tuesday, 12 May 2026.
On May 12, 2026, eBay rejected GameStop’s $56 billion buyout offer. Management dismissed the ambitious proposal from a company nearly four times smaller as financially unviable and unattractive.

The Harris Poll Modernizes Market Research for Corporate Artificial Intelligence

Bitget Unlocks Pre-IPO Access to OpenAI With New Digital Token

South Korea to Deploy Hyundai Robots on Front Lines to Counter Historic Troop Decline

Robot++ Accelerates Landscaping Automation with New AI-Powered Commercial Mower

Rising Living Costs Drive Presidential Economic Approval to a Record Low

Washington, D.C., Tuesday, 12 May 2026.
With 77 percent of Americans blaming current policies for soaring living costs, the President’s economic approval rating has plummeted to a record 30 percent amid mounting recession fears.

Arcadia Mayor Resigns Following Guilty Plea in Covert Foreign Influence Campaign

Pentagon Targets Senator Kelly in Escalating Dispute Over Depleted Military Stockpiles

Health Secretary Kennedy Launches Sweeping Internal Probe into Vaccine Safety

President Trump Revives Plans to Personally Inspect Fort Knox Gold Reserves

Poland Becomes the World's Fastest-Growing Hub for the Ultra-Rich

Warsaw, Tuesday, 12 May 2026.
Poland’s ultra-wealthy population surged by an unprecedented 109 percent between 2021 and 2026. This world-leading growth highlights the nation’s rapid economic expansion and lucrative new investment opportunities.

UK Pauses Energy Debt Relief as Household Arrears Project to Hit $9.5 Billion

Sunken Russian Cargo Ship Exposes Covert Nuclear Trade Network with North Korea

India's Record Solar Boom Masks a Steep Decline in Renewable Investments

Why Stagnant Productivity is the Newest Threat to the Dutch Economy

Violent $6.5 Million Digital Currency Heist Exposes Escalating Physical Threats to Investors

San Francisco, Tuesday, 12 May 2026.
Three men face federal charges after allegedly posing as delivery workers to orchestrate a violent kidnapping spree, stealing $6.5 million in digital assets at gunpoint from California investors.

Global Leaders to Explore the Multibillion-Dollar Economic Impact of K-Beauty at New York Summit

Why the 'Golden Girls' Co-Living Model is Now an Economic Necessity for Retirees

Digital Influencers Diversify Assets by Investing in Physical Entertainment Venues

Steve Kerr Secures Two-Year Extension to Remain the NBA's Highest-Paid Coach