Mamdani's rent freeze passes for 1 million units

New York City’s Rent Guidelines Board on Thursday approved Mayor Zohran Mamdani’s (D) two-year rent freeze proposal for 1 million rent-stabilized apartments. The 7-1 decision by the independent board, which includes individuals appointed by the mayor, applies to rent-stabilized apartments in buildings constructed before 1974 and certain tax-exempt buildings. Rent ban will be effective from…

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tech rout in Asia and Wall Street

The logo of Japanese company SoftBank Group at the company’s headquarters in Tokyo on Nov. 21, 2025. Kazuhiro Nogi | AFP | Getty Images SoftBank Group plunged more than 12% on Friday, leading a broad selloff in Asian technology stocks, amid mounting concerns over the rising cost of artificial intelligence infrastructure.  The Japanese conglomerate led…

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