New York City can proceed with the rollout of its pied-à-terre tax while an appeals court considers a legal challenge. Source: Bloomberg Markets · Summarized by HeadlinesBriefing Related articlesAlibaba Leaders’ Buying Does Little to Ease Share Sale FalloutAlphabet Loses $692 Billion in Market Value as AI Questions RiseAsian Stocks Set to Extend AI Chip-Fueled Selloff: Markets WrapAsia Tech Shares Swing Wildly as A.I. Jitters PersistAdvantest Shares Decline After Outlook Misses on Tight CapacityMore from Bloomberg MarketsIran Ramps Up Ship Attacks in Hormuz as Oil and Gas Flows ClimbCosan Rethinks Asset Sales After Debt Cut, Bolsonaro-Led RallyAres Faces 50% Loss on Cash Piled Into TalkTalk With BT DealFord Selloff Tests Wall Street’s Faith in an Earnings RecoveryFrance’s Decades of Deficits Bring Home a Painful Risk PremiumLatest in Public MarketsProtests Spread Across France as Unions Join Student Demonstrations · New York Times Top StoriesWould you buy a Yankees ETF? · Financial Times MarketsS&P 500 hits record high as AI stocks shrug off bond market slump · Financial Times MarketsMcKesson and CD&R strike $5.8bn deal to buy infusion services provider · Financial Times CompaniesJeffrey Archer, Novelist Whose Real Life Rivaled His Thrillers, Dies at 86 · New York Times Top StoriesRelated briefingsMarkets 24-Hour BriefingMarkets 8-Hour BriefingHomePublic MarketsNYC Can Proceed With Pied-a-Terre Tax as Court Weighs AppealSectionsHomePublic MarketsPrivate MarketsTech & GamesMobileDeveloperF1Sports