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NY Budget Chief Warns of AI Rules’ Tax Effects: New York Brief

Budget Chief Warns of AI Rules’ Tax Effects Market information on the floor of the New York Stock Exchange (NYSE) in New York on Nov. 9, 2026. A renewed wave of dip buying drove stocks toward their best day since August in the wake of a technology selloff that roiled Wall Street, with the market also gaining as oil prices tumbled.

Photographer: Michael Nagle/Bloomberg

New York budget officials are bracing for potential new AI regulations to slow the growth of tax collections that have surged in recent months due to record Wall Street profits, Raga Justin and Danielle Muoio Dunn

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