News

Politics

On HALO

3 hours ago

Mamdani's Wall Street courtship sparks criticism of anti-billionaire agenda

Socialist New York City Mayor Zohran Mamdani is courting powerful Wall Street leaders after months of attacking wealthy New Yorkers and pushing higher taxes on corporations.Given New York City’s outsized role in U.S. banking, investing and corporate headquarters, business leaders warn financial instability in the Big Apple could reverberate nationwide.Mamdani's meetings this week with JPMorgan Chase CEO Jamie Dimon and Goldman Sachs CEO David Solomon underscored growing concerns that the mayor's push to tax wealthy individuals and businesses could clash with the financial sector that underpins...