New York City

• Home prices go negative for the first time in over 2 years — and may stay that way for a while - Home prices have not gone negative since mid-2023, a year after the Federal Reserve first brought rates up from zero, and mortgage rates moved sharply higher.
• From the California gold rush to Sydney Sweeney: How denim became the most enduring garment in American fashion - The American blue jean was created in 1873 by tailor Jacob Davis, who patented the design with Levi Strauss, founder of the eponymous denim retailer
• Rich New Yorkers Threaten to Leave. Then They Find Out How Hard That Is. - Tax accountants and lawyers detail the arduous process wealthy New Yorkers would have to face to avoid paying New York State and city taxes.
• Mamdani Woos Wealthy Donors Alongside Grassroots Givers for Transition - Mayor-elect Zohran Mamdani has turned to crypto kings, movie stars and an oil heir, among others, to help reach his $4 million goal to fund his transition and Jan. 1 inauguration.
• Who Is Andrew Farkas, Who Owned a Marina With Jeffrey Epstein? - The billionaire real estate developer’s relationship with Mr. Epstein is in the spotlight, with the release of emails and images of Mr. Epstein’s private home in the Caribbean.
• Trump’s Pardon of Honduran Ex-President Erases Top Loyalist’s Triumph - Emil Bove III’s work as a prosecutor, before he was a Trump lawyer and official, helped lead to the conviction of the Honduran ex-leader whom President Trump freed this week.
• Mamdani, a Sharp Critic of Police Surveillance, Will Soon Oversee It - Zohran Mamdani, New York’s mayor-elect, has criticized the N.Y.P.D.’s surveillance tactics. He reappointed the police commissioner who helped create a ubiquitous web of monitoring.