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‎On the brink of Mayor Zohran Mamdani’s initial preliminary budget presentation, Gov. Kathy Hochul effectively provided the city with a $1.5 billion financial boost funded by state taxpayers. ‎ ‎Yet by Tuesday, gratitude quickly shifted into political friction. While acknowledging the additional state support, Zohran Mamdani signaled looming challenges that could complicate Hochul’s political landscape. ‎ ‎Gov. Kathy Hochul delivers $1.5 billion in state aid ahead of Mayor Zohran Mamdani’s first preliminary budget, but a $5.4 billion deficit sparks proposals for tax hikes, political tension, and a looming state budget clash. ‎Stephen Yang/NY Post ‎ ‎Even with the newly pledged funds, Mamdani revealed that New York City confronts what he described as a “historic” $5.4 billion shortfall. According to the mayor, only two possible solutions exist. ‎ ‎The first option would require the state to grant the city authority to increase income taxes on the ultra-wealthy and highly pro...

‎Mark Zuckerberg, the chief executive of Meta, is scheduled to testify before a jury in Los Angeles on Wednesday. The testimony is part of a legal battle accusing the company of knowingly providing a social media product that can be addictive and damaging to young users. ‎ Meta CEO Mark Zuckerberg appears in a Los Angeles courtroom to defend Meta in a landmark trial over claims social media harms children and teens, with potential global implications. ‎Bloomberg/Getty Images ‎ ‎The significant case involving Meta and YouTube began in late January. It focuses on allegations from a plaintiff identified as “KGM,” who argues that early exposure to social media led to addiction and negatively affected her mental health. ‎ ‎Now aged 20, KGM claims platforms such as Facebook, Instagram and YouTube are intentionally engineered to encourage dependency through recommendation algorithms and endless scrolling features. ‎ ‎The verdict could influence thousands of similar lawsuits target...

‎Young professionals from Generation Z are entering employment during an especially difficult hiring environment. As companies cut spending and increase automation through artificial intelligence, beginner job opportunities are becoming less common. This has left many new graduates submitting hundreds of job applications without success. ‎ ‎Facing shrinking entry-level roles and AI-driven workplace changes, Gen Z graduates are urged to begin working immediately, focus on networking, and remain adaptable to long-term career success. ‎Roy Rochlin/Getty Images ‎For Dana Perino, uncertainty in career development is nothing new. Her professional journey included roles in journalism, government work, public relations, and college radio before she eventually reached senior government and media leadership roles. From her experience, she believes obsessing over a perfectly planned career can prevent people from noticing real opportunities already available to them. ‎ ‎She has explai...

‎Policies tied to Donald Trump are expected to remove roughly 2.4 million people from the labor pool, with the administration placing significant confidence in artificial intelligence to compensate for the shortage. ‎ ‎The working-age population in the United States is approaching a steep decline, a trend that has intensified over the past year partly because of stricter immigration rules implemented by the administration. ‎ ‎Immigration restrictions linked to Donald Trump may reduce the U.S. workforce by millions, while artificial intelligence is projected to support productivity and economic growth. ‎Andrew Caballero-Reynolds/AFP via Getty Images ‎Employment participation among American adults was already projected to fall over the coming decade as the population ages. However, lower birth rates combined with tighter immigration enforcement from the White House are expected to deepen the labor shortfall, creating a gap exceeding two million workers in the future labor mar...

‎For much of the 20th century, earning an MBA or law degree was widely regarded as a fast track to a stable office career and the American Dream. But in the 21st century, those traditional career paths face a looming threat: automation by AI. ‎ ‎Microsoft AI CEO Mustafa Suleyman warns that AI will soon automate most professional tasks, transforming industries like law, accounting, and marketing within 18 months. ‎Stephen Brashear/Getty Images ‎ ‎Microsoft AI’s CEO, Mustafa Suleyman, recently shared with the Financial Times a stark prediction: within the next 18 months, AI could achieve human-level performance across the majority of professional tasks. Jobs that involve “sitting at a computer,” he said, including accounting, legal work, marketing, and project management, are particularly at risk. Suleyman’s outlook echoes the warning in a viral essay by AI researcher Matt Shumer, who compared this turning point to the onset of the COVID-19 pandemic in February 2020—but pote...

‎The United States entered fiscal year 2026 with significant financial pressure, based on new projections released by the Congressional Budget Office (CBO). Early data indicates that government borrowing remained extremely high during the first four months of the fiscal calendar. ‎ The United States borrowed $696 billion in the first four months of FY2026, with debt interest payments projected to exceed $1 trillion for the year as national debt surpasses $38.5 trillion. ‎Andrew Caballero-Reynolds/AFP/Getty Images ‎ ‎According to the CBO’s latest report, covering the first third of FY2026—which began in October—the federal government ran a deficit that required borrowing $696 billion. January alone accounted for $94 billion of that figure. When averaged across the 16 weeks within those four months, borrowing reached roughly $43.5 billion each week. ‎ ‎Government spending continues to exceed revenue generation, and the financial strain is worsened by rising interest payments ...