The day in 60 seconds: Thursday 5 November

The five stories leading FTMQ News on Thursday 5 November, each with its full report and sources.

Appeals court allows New York City tax on second homes to proceed. A state appeals court has ruled that New York City can continue implementing a tax surcharge on high-end second homes, reversing a previous lower court ruling. Read the report

Real Madrid win late while Fenerbahce hand Liverpool first Champions League defeat. Real Madrid preserved their perfect Champions League record with a late win at AEK Athens while Liverpool lost at Fenerbahce. Read the report

Ten noncitizens indicted in California election fraud crackdown. Federal prosecutors have charged ten additional noncitizens in California with election fraud, bringing the total number of defendants in a major regional investigation to 28. Read the report

Billionaire Leon Black sues Representative Robert Garcia for defamation. Billionaire Leon Black has filed a federal lawsuit against California Congressman Robert Garcia seeking millions in damages over public comments regarding Jeffrey Epstein. Read the report

Elon Musk political spending backfires as midterm candidates lose key elections. Elon Musk spent record millions backing Republican candidates in the United States midterm elections, but key losses have left his political strategy under heavy scrutiny. Read the report