Why is Wall Street dreading NYC’s next mayor Zohran Mamdani?

Wall Street’s nerves are shot tonight because Zohran Mamdani just clinched the Democratic primary for New York City mayor, and November’s general looks like a formality, according to CNBC. The 33-year-old three-term Assemblymember and democratic socialist plans to raise taxes on high earners, slap levies on trades and dividends, and tighten rules that investors say […] source: https://www.cryptopolitan.com/why-is-wall-street-dreading-zohran-mamdani/