Zohran Mamdani’s victory in NYC mayoral primary leaves Wall Street 'alarmed' and 'depressed'

Why is Bumble cutting 30% of its workforce? What impact will Fed's eased bank capital rules have? How did Zohran Mamdani's NYC win affect business sentiment? Why are Shell and BP merger talks significant? What caused Tesla's sales decline in Europe? How is Fed Chair Powell responding to GOP pressure? Why is Fannie Mae considering crypto as a mortgage asset?

Zohran Mamdani’s victory in NYC mayoral primary leaves Wall Street 'alarmed' and 'depressed'

cnbc.com/2025/06/25/mamdanis-nyc-victory-leaves-wall-street-alarmed-and-depressed.html

To say Wall Street isn't a fan of Zohran Mamdani would be an understatement.
In fact, high-profile investors and business leaders in the Big Apple are up in arms about the stunning win by the democratic socialist in the primary to win the Democratic nomination to serve as the next New…

This story appeared on cnbc.com, 2025-06-25 21:30:22.