‘End of New York City as we know it…’: Why Zohran Mamdani’s possible win in mayoral race has Wall Street fretting; sense of doom prevails

Zohran Mamdani’s unexpected rise in the New York mayoral race is causing unease on Wall Street, with concerns about increased taxes and potential exodus of wealthy residents. His populist policies and social media savvy have garnered significant support, contrasting with establishment backing for his opponent. The election’s outcome could significantly impact the city’s financial landscape and future.