Business
New York out-migration tied to high taxes, debt and crime, Pataki says
Former New York Governor George Pataki joins Cheryl Casone to discuss the business exodus from New York City. He weighs in on rising tax rates, rising antisemitism in the state and the upcoming 25th anniversary of the 9/11 attacks.
New York isn’t just losing residents — it’s losing some of the people who help power its economy.
As New York continues to see residents move to other states, former New York Gov. George Pataki is warning that entrepreneurs, financial leaders and major donors are increasingly heading for the exits.
Pataki joined FOX Business’ Cheryl Casone on “Mornings with Maria” to discuss the state’s outmigration, its business climate and the policies he believes are pushing residents and job creators elsewhere.

Former New York Gov. George Pataki weighs in on New York’s out-migration and business climate. (Christopher Goodney/Bloomberg / Getty Images)
“You know, it’s just almost tragic to see the loss of people, not just people, but people who create jobs, who donate to hospitals and museums, the best of New York, the people who have made New York the entrepreneurial and financial center are just leaving,” Pataki said.
Rep. Mike Lawler, R-N.Y., discusses New York’s economic challenges and how it has the highest tax burden in the country.
The former governor argued that New York risks weakening its position as the nation’s financial center as companies expand their workforces elsewhere, pointing to the growing pull of lower-tax states such as Texas.
“We fought hard to keep it the financial capital of the world. It still is for the moment. But if we continue these tax-and-spend and soft-on-crime policies, it’s just going to get worse,” he said.
NYC-AREA CHAMBER OF COMMERCE CEO BLASTS MAMDANI GROCERY PLAN AS ‘DISASTROUS’ AMID LEGAL FIGHT
Pataki also warned that additional tax increases and rising debt could deepen the state’s challenges and drive more residents away. Still, he said New York has the ability to reverse course.
A ‘Mornings with Maria’ panel weighs in as New York City officials propose tax breaks and subsidies to help grocers cope with taxpayer-funded grocery stores.
“We’re going to end up not just with the highest taxes in the country, but with unsustainable debt, with more people leaving,” Pataki said. “We’re not doing great right now, but New York is New York. It’s very resilient. It still has great people. We put in place the right policies and it will come roaring back. So in that sense, I’m an optimist.”
Miranda Devine slams Mayor Zohran Mamdani’s plan to open city-run grocery stores in New York City, warning it will destroy local immigrant-owned businesses like bodegas that cannot compete with tax-subsidized government entities.
Business
Microsoft Outlook Down? Outage Reports Surge as Users Nationwide Report Widespread Access Problems This Monday
Downdetector, an Ookla-owned platform that monitors more than 12,000 online services using a combination of user-submitted reports and automated web traffic signals, posted on X shortly after the reports began surfacing. “User reports indicate problems with Microsoft Outlook since 11:53 AM EDT,” the account wrote, asking users to describe how the disruption was affecting them. As of Monday afternoon, Microsoft had not issued a public statement specifically addressing the reported outage, though the broader Microsoft 365 suite status page showed the service as operational, with only limited user-submitted reports logged in the prior 24-hour window, according to monitoring service StatusGator.
Because Downdetector’s system relies primarily on crowdsourced complaints rather than direct access to Microsoft’s internal infrastructure, reported spikes in outage activity do not always correspond to a complete, company-wide service failure. Disruptions can instead reflect issues affecting a specific region, a particular Outlook client, such as the desktop application, web version or mobile app, or individual account-level problems that coincidentally cluster around the same time. Even so, a rapid increase in user reports combined with visible social media complaints has historically served as an early indicator of genuine service disruptions at Microsoft and other major technology providers.
Outlook has experienced several notable outages over the past few years, underscoring how frequently the widely used email and calendar platform has faced disruptions despite its position as one of the world’s most heavily relied-upon business communication tools. According to Windows Forum, a global Outlook sign-in outage in July 2025 affected large numbers of users before Microsoft confirmed the issue had been resolved. Separately, a Windows security update distributed in January 2026, identified as KB5074109, caused the classic desktop version of Outlook to crash or freeze for some users, particularly those using POP email accounts or local PST data files, according to reports logged on Microsoft’s own Q&A support forum. In that instance, Microsoft directed affected users toward the web-based version of Outlook as a temporary workaround while a permanent fix was developed.
A broader and more severe disruption struck Microsoft’s cloud infrastructure earlier this year. According to an analysis published on the technical platform Medium, several of Microsoft’s most critical shared cloud services failed simultaneously on Jan. 22 and 23, 2026, triggering an outage lasting between eight and nine hours across multiple Microsoft products, including services that depend on the company’s Azure cloud platform. That incident was notable in part because Microsoft’s own internal monitoring and alerting systems, which are built on top of the same Azure and Microsoft 365 infrastructure they are designed to monitor, were themselves affected by the outage, complicating the company’s ability to detect and respond to the failure in its earliest stages.
Outlook’s history of periodic outages extends back well beyond the past year. The platform experienced a major outage in June 2023 that left customers across North America unable to sign in for more than seven hours, affecting millions of users at the time. A separate outage in July 2023 disrupted Outlook.com specifically, an incident Microsoft later attributed to a code deployment error introduced during a routine backend infrastructure update, which triggered a cascading failure across multiple company data centers.
For businesses and individual users who rely on Outlook as a primary communication and scheduling tool, even short disruptions can create meaningful downstream effects, delaying time-sensitive emails, calendar invitations and cross-team coordination that many organizations have come to depend on the platform to manage smoothly. That reliance has made outage reports for Outlook, along with competing platforms such as Gmail and Slack, a recurring source of visible public frustration whenever access issues arise, regardless of how quickly the underlying problem is ultimately resolved.
As of this report, the scope, cause and expected resolution timeline for Monday’s reported issues remained unclear. Affected users have been encouraged to monitor Microsoft’s official service health dashboard directly for the most accurate and up-to-date information regarding Outlook’s operational status. Microsoft did not immediately respond to requests for comment regarding the reported disruption.
Business
Amazon sued by FTC, 22 US states over advertising practices

Amazon sued by FTC, 22 US states over advertising practices
Business
Don’t Double Down On VICI Properties: The Dealer Has Blackjack (NYSE:VICI)
Naples Investor is a middle-market private company business executive with over 35 years experience in finance and accounting with almost 20 years in the top finance or accounting role. I have an MBA in Finance from one of the top 5 Finance programs in the USA as well as a CMA (inactive). Currently, I am consulting, mostly in sell-side due diligence in private equity.My investment style is long-term oriented with an eclectic mix between growth stocks and conservative dividend-paying equities. I’ve been fortunate to have been featured in two Wall Street Journal articles in the past four years.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Business
Marvell: Market’s Myopia On Alphabet Deal’s Potential Is Baffling (NASDAQ:MRVL)
JR Research is an opportunistic investor. I was recognized by TipRanks as a Top Analyst, and also by Seeking Alpha as a “Top Analyst To Follow” for Technology, Software, and Internet, as well as for Growth and GARP. I identify attractive risk/reward opportunities supported by robust price action to potentially generate alpha well above the S&P 500. My picks have consistently demonstrated market outperformance over time. My approach combines timely and sharp price action analysis with fundamentals as my foundation. I also tend to avoid overhyped and overvalued stocks while capitalizing on battered stocks with significant upside recovery possibilities. I run the investing group Ultimate Growth Investing which specializes in identifying high-potential opportunities across various sectors. My main ideas revolve around stocks with strong growth potential, and also well-beaten contrarian plays. I designed the group for investors seeking to capitalize on growth stocks with solid fundamentals, robust buying momentum, and appealing turnaround plays to generate alpha consistently. Learn more
Analyst’s Disclosure: I/we have a beneficial long position in the shares of AVGO, GOOGL, AMZN either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Business
(VIDEO) Apple Watch Series 12 and Ultra 4 to Get Only Minor Upgrades, Report Says Ahead of Sept Launch
KEY POINTS
Excellent, comprehensive corroboration. Writing the article now.104 characters — good fit. Now writing the full article.## Apple Watch Series 12 and Ultra 4 to Get Only Minor Upgrades This Year, Report Says Ahead of Sept Launch
Apple’s next generation of smartwatches will bring only modest, incremental upgrades this year, with the most noticeable change likely to be the return of a ceramic case option rather than any significant redesign, according to a new report from Bloomberg’s Mark Gurman published Sunday.
Gurman, who has closely tracked Apple’s product plans for years, reiterated in his report that the upcoming Apple Watch Series 12 and Apple Watch Ultra 4 will receive what he described as “fairly minor upgrades,” a characterization he had previously offered earlier this month. The devices are expected to be unveiled alongside the iPhone 18 Pro, iPhone 18 Pro Max and Apple’s first foldable iPhone at the company’s Sept. 9 event.
According to Gurman, Apple has been testing both white and dark gray ceramic case configurations for the Apple Watch Series 12, a material last offered on the high-end Apple Watch Series 3 back in 2017. Ceramic has a longer history in Apple’s smartwatch lineup dating back even further, with the company first introducing a ceramic Apple Watch Edition alongside the Series 2 in September 2016. That original ceramic model, made from a compressed zirconia and alumina powder polished with a diamond slurry and marketed as being four times as hard as stainless steel, replaced Apple’s original gold Edition watch and brought the line’s price down from several thousand dollars to a comparatively modest 1,249 dollars. Apple brought the white ceramic finish back again for the Series 5 in 2019, alongside a newly introduced titanium option, before discontinuing the ceramic material entirely when the Series 6 launched in 2020. It has remained absent from Apple’s lineup for six years since, becoming a sought-after finish among collectors on the resale market in the meantime.
Beyond the ceramic option, Gurman reported that Apple plans to launch numerous new band colors and configurations alongside this year’s watches. He also described a new feature Apple is reportedly testing that would have the Watch’s heart-rate sensor continuously collect data, rather than measuring at random intervals or only during exercise, alongside potential updates to Apple’s fitness and health software aimed at surfacing additional wellness-related metrics.
On the performance side, multiple outlets covering Gurman’s reporting, including MacRumors and MacObserver, said this year’s watches are expected to finally move beyond the S10 chip found in the current Apple Watch Series 11 and Ultra 3, which itself was effectively unchanged from the S9 chip Apple introduced back in 2023. A new chip, widely expected to be called the S11, would mark the first meaningful performance improvement for Apple’s smartwatch lineup in several years, according to MacRumors’ analysis of the report.
Gurman also addressed rumors that had circulated earlier this year suggesting the Apple Watch Series 12 might introduce Touch ID or a redesigned band featuring an embedded health sensor. He said he does not expect either feature to materialize this year, telling readers he anticipates no major design changes compared with the current Series 11 and Ultra 3 models. That assessment effectively rules out one of the more ambitious rumors that had generated attention earlier in the year, given that a fingerprint-based unlocking system would likely require more significant internal hardware changes than Apple appears to be planning for this generation.
According to Gurman’s earlier reporting in his “Power On” newsletter, cited by MacRumors, a more substantial redesign of the Apple Watch and Apple Watch Ultra lines remains in development, with the ceramic case’s return positioned as either this year’s headline change or one that could instead be held back until 2027, alongside that broader redesign effort.
The timing of this week’s report, arriving just over a week before Apple’s official Sept. 9 unveiling, effectively closes the window for any last-minute surprises regarding this year’s Apple Watch lineup. As Mashable’s Stan Schroeder noted in his coverage of the report, surprises are unlikely this late in Apple’s product development cycle, meaning consumers should expect the Apple Watch Series 12 and Ultra 4 to closely resemble their immediate predecessors in overall appearance when they are formally introduced alongside the rest of Apple’s fall lineup next month.
Apple’s next generation of smartwatches will bring only modest, incremental upgrades this year, with the most noticeable change likely to be the return of a ceramic case option rather than any significant redesign, according to a new report from Bloomberg’s Mark Gurman published Sunday.
Gurman, who has closely tracked Apple’s product plans for years, reiterated in his report that the upcoming Apple Watch Series 12 and Apple Watch Ultra 4 will receive what he described as “fairly minor upgrades,” a characterization he had previously offered earlier this month. The devices are expected to be unveiled alongside the iPhone 18 Pro, iPhone 18 Pro Max and Apple’s first foldable iPhone at the company’s Sept. 9 event.
According to Gurman, Apple has been testing both white and dark gray ceramic case configurations for the Apple Watch Series 12, a material last offered on the high-end Apple Watch Series 3 back in 2017. Ceramic has a longer history in Apple’s smartwatch lineup dating back even further, with the company first introducing a ceramic Apple Watch Edition alongside the Series 2 in September 2016. That original ceramic model, made from a compressed zirconia and alumina powder polished with a diamond slurry and marketed as being four times as hard as stainless steel, replaced Apple’s original gold Edition watch and brought the line’s price down from several thousand dollars to a comparatively modest 1,249 dollars. Apple brought the white ceramic finish back again for the Series 5 in 2019, alongside a newly introduced titanium option, before discontinuing the ceramic material entirely when the Series 6 launched in 2020. It has remained absent from Apple’s lineup for six years since, becoming a sought-after finish among collectors on the resale market in the meantime.
Beyond the ceramic option, Gurman reported that Apple plans to launch numerous new band colors and configurations alongside this year’s watches. He also described a new feature Apple is reportedly testing that would have the Watch’s heart-rate sensor continuously collect data, rather than measuring at random intervals or only during exercise, alongside potential updates to Apple’s fitness and health software aimed at surfacing additional wellness-related metrics.
On the performance side, multiple outlets covering Gurman’s reporting, including MacRumors and MacObserver, said this year’s watches are expected to finally move beyond the S10 chip found in the current Apple Watch Series 11 and Ultra 3, which itself was effectively unchanged from the S9 chip Apple introduced back in 2023. A new chip, widely expected to be called the S11, would mark the first meaningful performance improvement for Apple’s smartwatch lineup in several years, according to MacRumors’ analysis of the report.
Gurman also addressed rumors that had circulated earlier this year suggesting the Apple Watch Series 12 might introduce Touch ID or a redesigned band featuring an embedded health sensor. He said he does not expect either feature to materialize this year, telling readers he anticipates no major design changes compared with the current Series 11 and Ultra 3 models. That assessment effectively rules out one of the more ambitious rumors that had generated attention earlier in the year, given that a fingerprint-based unlocking system would likely require more significant internal hardware changes than Apple appears to be planning for this generation.
According to Gurman’s earlier reporting in his “Power On” newsletter, cited by MacRumors, a more substantial redesign of the Apple Watch and Apple Watch Ultra lines remains in development, with the ceramic case’s return positioned as either this year’s headline change or one that could instead be held back until 2027, alongside that broader redesign effort.
The timing of this week’s report, arriving just over a week before Apple’s official Sept. 9 unveiling, effectively closes the window for any last-minute surprises regarding this year’s Apple Watch lineup. As Mashable’s Stan Schroeder noted in his coverage of the report, surprises are unlikely this late in Apple’s product development cycle, meaning consumers should expect the Apple Watch Series 12 and Ultra 4 to closely resemble their immediate predecessors in overall appearance when they are formally introduced alongside the rest of Apple’s fall lineup next month.
Business
Mortgage rates surge to the highest since June 2025

A jump in oil prices after renewed hostilities in the Iran war is pushing bond yields higher, and mortgage rates are following suit.
The average rate on the 30-year fixed loan jumped 6 basis points on Monday to 6.87%, according to Mortgage News Daily. That is the highest level since June 2025. It’s now up 12 basis points since Thursday and has risen more than 30 basis points in the last two months.
“While rates are technically at their highest level in more than a year, they haven’t exactly exploded with surprising, new momentum,” said Matthew Graham, chief operating officer at Mortgage News Daily. “Instead, it’s been more of a slow grind fueled by the usual suspects: inflation expectations, elevated bond issuance, and economic resilience. All three of those factors are subject to at least some variability in the future.”
The expectation had been for falling rates this year, but the war with Iran and its resulting rise in oil prices upended that. The day before the war started, at the end of February, the rate on the 30-year fixed was 5.99%.
To put that into perspective, for someone buying a $450,000 home, which is right around the national median, putting 20% down on a 30-year fixed mortgage, the monthly principal and interest payment today would be $2,363. That is $207 a month more than it would have been back at the end of February.
And that’s just the payment. When rates go up, fewer borrowers can qualify for a mortgage, as it shifts the debt-to-income ratios that lenders rely on for safe lending.
This comes on top of higher home prices, which seem to now be accelerating again in some parts of the country, due to lean supply.
Nationally, prices in June were up 1.5% year over year, up from the 1.2% rise in May, according to the latest S&P Cotality Case-Shiller home price index.
“As financing costs are kept high for prospective buyers, current homeowners remain reluctant to give up the low mortgage rates secured in prior years,” said Rebecca Kaufman, associate director of commodities at S&P Dow Jones Indices, in a news release.
Business
US 10-year Treasury yield tops 19-month high as oil prices fuel rate-hike bets
The selloff spread across the Treasury curve. Five-year yields reached their highest level since early 2025, while 30-year yields moved above last week’s highs. Oil prices gained more than 2% after hitting session highs during US trading hours, following President Donald Trump’s threat of additional attacks on Iran.
The latest moves extend a Treasury selloff that has intensified in recent sessions as investors weigh concerns about rising government debt and assess how aggressively the Fed may need to tighten monetary policy.
Short-term Treasury yields surged on Friday after Fed Chairman Kevin Warsh, speaking at the central bank’s Jackson Hole symposium, signaled a greater possibility of interest-rate increases to contain inflation.
“The Fed is ready to act when needed,” said Sean Simko, head of fixed-income investment management at SEI Investments Corp, according to Bloomberg. He said the August employment report due Friday and consumer-price data scheduled for Sept. 11 will be key ahead of the Fed’s Sept. 16 policy decision. If employment remains stable while inflation stays elevated, the central bank could be inclined to raise rates, he added.
The 30-year Treasury yield rose about five basis points to nearly 5.26% on Monday, although it remained below the multiyear highs reached in mid-August. Longer-term yields had eased after the Treasury Department announced earlier this month that it would increase debt buybacks to support market liquidity and value.
“If Federal Reserve Chairman Kevin Warsh wanted markets to do more signaling, the message from bonds is that rates will keep powering higher this week, thanks to rising oil prices, supply and economic data,” said Alyce Andres, Bloomberg’s macro strategist.Long-dated Treasuries could receive some support from month-end bond-index rebalancing, scheduled for 4 p.m. New York time. An unusually large amount of 10- to 30-year debt issued during August is expected to be added to major benchmarks.
Still, options traders are positioning for further losses in longer-maturity Treasuries. One notable trade involved the purchase of roughly $6.5 million worth of December put options on US Treasury bond futures, with a strike level implying 30-year yields could climb to around 5.7%, compared with roughly 5.25% currently. The options expire Nov. 20.
Longer-term yields are also being pressured by expectations of heavy upcoming supply, particularly in the corporate bond market, where September is historically one of the busiest issuance months and is expected to surpass previous September totals.
Business
Pzena Focused Credit Opportunities Q2 2026 Commentary
Ratana21/iStock via Getty Images
Credit markets rallied in the quarter, rebounding from broad weakness in the previous quarter. A blended leveraged loan/high-yield index returned 2.2% for the quarter and 1.6% year-to-date, while lower-rated credits, software, and building products remained weak. Our portfolio again generated a positive return
Business
Real Estate And Utilities Giving Up Ground
Torsten Asmus/iStock via Getty Images

On Friday, the S&P 500’s percentage of stocks above their 50-DMA fell to 53.7%, the lowest reading for the index since 6/17.
Five sectors (Consumer Discretionary, Industrials, Real Estate, Technology, and Utilities) now have fewer than half their members above
Business
Adani group stocks face heavy selling pressure; Adani Enterprises tumbles nearly 8%
The sharp movement in these stocks came on a day when changes in constituents for the MSCI Global Standard Indexes took place as of the close of August 31, 2026.
Four companies — Adani Energy Solutions, Billionbrains Garage Ventures, Laurus Labs and Lenskart Solutions — were added to the MSCI India Index, according to an index review by MSCI.
Shares of Adani Enterprises tumbled 7.74 per cent, Adani Energy Solutions tanked 7.41 per cent, Adani Green Energy declined 6.93 per cent, Adani Power slumped 6.52 per cent, Adani Ports lost 4.11 per cent, Adani Total Gas dropped 2.56 per cent, Ambuja Cements edged lower by 2.51 per cent, NDTV dipped 2.21 per cent, and ACC was down 2.21 per cent on the BSE.
The 30-share BSE Sensex declined 307.24 points, or 0.40 per cent, to settle at 76,957.27. The 50-share NSE Nifty dropped 95.25 points, or 0.39 per cent, to end at 24,080.40.
Today’s session carries an unusual market dynamic, as the MSCI August rebalancing takes effect at the close. The quarterly reshuffle is expected to trigger sizeable passive fund flows, concentrated in the final minutes of trading, Hariselvan Radhakrishnan, Founder & CEO of HST Wealth, a Research Analyst firm, said.
“MSCI index rejig-related fund adjustments added to market volatility,” Ajit Mishra — SVP, Research, Religare Broking Ltd, said.
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