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Billionaire investor Bill Ackman warned that New York City’s rent freeze, tax policies and limits on development could worsen the city’s affordability crisis by discouraging construction and investment.In a wide-ranging interview with Fortune published Wednesday, the Pershing Square Capital Management founder argued that government policy is driving up housing and energy costs in New York."The answer isn’t socialism – socialism is a disaster," Ackman said. "Watch what happens to New […]

When financial anxiety spikes, the impulse to aggressively pay off a car loan or mortgage seems like a bulletproof step toward financial freedom, but credit repair expert and influencer Micah Smith warns that suddenly paying off those loans can actually backfire and drag down your credit score.Instead, turning around a credit score — sometimes taking a profile from the 400s into the 700s in just one month — comes down […]

Professional sports teams and leagues have gotten in bed with sports gambling websites, and now, perhaps the most famous sports team in the entire world has gone another step.The New York Yankees and Polymarket announced Thursday a deal in which the site has become the team's official prediction market partner for the rest of the season."We are excited to begin a relationship with Polymarket — Major League Baseball’s prediction market […]