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Can New York City Tax the Rich Without Driving Them Away?

New York City's effort to close a multibillion-dollar budget gap has triggered a high-profile clash between Mayor Zohran Mamdani and Wall Street leaders, including Citadel founder Ken Griffin. Mamdani's proposed "pied-à-terre" tax on luxury second homes has become a flashpoint in a broader debate over whether the city should raise more revenue from wealthy residents or focus on restraining spending growth. Wall Street veteran Whitney Tilson, Partnership for New York City CEO Steve Fulop, and real estate executive Ruth Colp-Haber all warn that messaging matters when competing for businesses and high earners, even as supporters argue the existing property tax system places much of the burden on middle-class property owners and commercial real estate owners. The dispute highlights a larger challenge facing New York: balancing its books while remaining attractive to workers, investors, and employers.

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Bloomberg

National Gas Prices Near Record High

For decades coincidentally, at least since the Iranian Revolution and hostage crisis of 1979-80 the price at the pump has been a crucial lens through which Americans judge a president's success or failure. In this conflict, the impact on gasoline prices matters more to individual Americans than the broader military campaign, the removal of Iran's enriched uranium, or sending in ground troops. Bloomberg News Senior US Oil Reporter Kevin Crowley tells Christina Ruffini and David Gura this morning on Bloomberg This Weekend, it's not going well.

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Bloomberg

Trump Ethics Filings Reveal Unusually High Tech Stock Trades

President Donald Trump's latest financial disclosures show that he or his investment advisers made more than 3,700 trades in the first quarter, a flurry totaling tens of millions of dollars and involving major companies that have dealings with his administration. Bloomberg News Senior Equities Reporter Jess Menton joined joined Christina Ruffini and David Gura this morning on Bloomberg This Weekend to discuss.

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Bloomberg

China's Energy Boom Could Give It the AI Edge

As the United States and China compete for dominance in artificial intelligence, energy is emerging as a critical battleground. Former Treasury Secretary Hank Paulson warns that while the US still leads in AI technology, electricity shortages could become a major constraint as data center demand surges. Former US Ambassador to China Nicholas Burns says China's enormous investments in transmission, renewables, batteries, and power generation are already reshaping global supply chains, while Hoover Institution senior fellow Elizabeth Economy argues Beijing's clean-energy strategy is as much about economic and geopolitical power as climate policy. Together, their assessments point to a growing reality: the AI race may depend not just on chips and software, but on generating enough power to sustain the technology.

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Bloomberg

Returning from China, Trump is Ambiguous Over Taiwan

President Donald Trump said he made no commitment to Chinese President Xi Jinping over Taiwan, and would make a decision soon over a planned $14 billion arms deal with the island. Bloomberg White House Correspondent Courtney Subramanian and Reporter Michelle Kaske joined Christina Ruffini and David Gura this morning on Bloomberg This Weekend to discuss the summit's deals, sticking points and unfinished business.

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