NYC’s Bond Investors Calm Wall Street Anxiety Over Mamdani Rise

NYC’s Bond Investors Calm Wall Street Anxiety Over Mamdani Rise

New York City mayoral hopeful Zohran Mamdani has rattled Wall Street with his plans to raise taxes on the rich, freeze rents and boost spending to pay for free childcare and education at the city’s public universities.

Benefit Street President Says Mamdani’s Victory Killed $300M Hotel Deal

In the days following democratic socialist candidate Zohran Mamdani's victory in New York City's mayoral primary on Tuesday, the city's business community has warned that his left-wing politics will scare off investment.  Now, one nine-figure deal has already fallen apart, according to the would-be buyer.

Zohran Mamdani's win rattles Wall Street mogul: Bill Ackman's stunning pledge to crush NY's likely new mayor

Zohran Mamdani is set to become the Democratic nominee in New York City's upcoming mayoral election. But his win has rattled Wall Street moguls with the billionaire investor Bill Ackman pledging hundreds of millions of dollars to defeat him. Mamdani's victory in the Democratic Party primary over former governor Andrew Cuomo was a significant political upset.