Wall Street panics over prospect of a socialist running New York City
On Wednesday morning, the world’s epicenter of capitalism woke up to find it might soon have a socialist mayor.Democratic socialist Zohran Mamdani’s stunning win over former Gov. Andrew Cuomo in the New York City Democratic primary for mayor shocked Wall Street. Some of the world’s most influential and powerful financiers were left grasping to understand what Mamdani’s victory would mean for their industry—and whether they would leave the city."It’s officially […]