The exact amount of money you need to earn to be among New York’s ultra-wealthy club has been revealed—and it’s 7x the average wage

Palantir Technologies is facing scrutiny as its shares dropped in premarket trading after a significant rally this year. Despite raising its annual revenue outlook to $4.4 billion and exceeding third-quarter sales estimates, analysts express concerns about the company's high stock valuation. CEO Alex Karp acknowledged the situation, indicating that the stock is in a precarious position. This matters because it highlights the volatility in the tech sector and raises questions about sustainable growth amidst inflated valuations.

Elon Musk has publicly endorsed Andrew Cuomo in the New York mayoral race, suggesting voters should support him while also criticizing Zohran Mamdani, who is currently leading in the polls. This endorsement from a high-profile billionaire like Musk could influence public opinion and voter turnout, especially as the election approaches. The dynamics of this race are heating up, and it will be interesting to see how these endorsements play out.

As the potential victory of democratic socialist mayoral candidate Mamdani looms, Miami realtors are proactively marketing safe spaces for millionaires considering a move from New York. While the anticipated exodus has not yet occurred, the real estate market in Miami is gearing up for a possible influx of wealthy individuals seeking refuge from political changes. This trend highlights the ongoing conversation about how local politics can influence real estate dynamics and the movement of affluent populations.

A former Airbnb engineer has successfully raised $25 million for Teleskope, an AI security platform, with M13 leading the Series A funding round. This investment is significant as it highlights the growing interest in AI-driven security solutions, especially in a time when digital safety is paramount. The backing from notable investors like M13 and Lerer Hippeau underscores the potential of Teleskope to innovate in the security space.

The ongoing debate over SNAP funding has created significant anxiety among recipients, retailers, and food banks, as the possibility of suspended or delayed payments looms. This situation is critical because it affects millions who rely on these benefits for their daily sustenance, highlighting the urgent need for a resolution to ensure food security for vulnerable populations.

A historic restaurant group with 115 years of service has filed for Chapter 11 bankruptcy, highlighting the ongoing challenges in the seafood industry. The high costs of sourcing and shipping seafood have made it difficult for many establishments to thrive. This situation not only affects the employees and owners but also reflects broader economic pressures on the restaurant sector, particularly for those specializing in expensive ingredients.

The recent proposal by Policy and Resources to increase fuel duty by 4.3% has faced significant opposition and ultimately failed. This decision is crucial as it directly impacts consumers and businesses, potentially leading to higher transportation costs and affecting the overall economy.

COP30 President Andre Correa do Lago expressed his views on the absence of the American government at the upcoming COP30 summit in Brazil. He noted that while the US economy will still be represented through businesses and universities, he would have preferred a direct government presence. This highlights the ongoing discussions about the role of government versus private entities in addressing climate change, making it a significant point of consideration for the summit.

David Bookbinder has stepped down from representing Boulder County, Colorado, in its ongoing climate lawsuit against Suncor Energy and Exxon Mobil. This change in legal representation could impact the county's strategy and approach in the case, which is significant as it addresses the pressing issues of climate change and corporate accountability.

Embraer has reported earnings that exceeded expectations by $0.16, along with revenues that topped estimates. This positive financial performance highlights the company's strong market position and effective management strategies, which are crucial for attracting investors and boosting confidence in the aerospace sector.