Cuomo warns of socialism's dangers at New York mayoral forum

Former New York Governor Andrew Cuomo criticized Democratic mayoral nominee Zohran Mamdani's socialist policies during a business forum, citing the failed Amazon headquarters deal as evidence of their risks. Speaking to business leaders, Cuomo argued that such approaches threaten the city's economy. The remarks came less than a month before Election Day.

New York AG Letitia James faces federal mortgage fraud indictment

11. oktober 2025 Rapporteret af AI

A federal grand jury in Virginia indicted New York Attorney General Letitia James on October 9, 2025, for bank fraud and making false statements related to mortgage applications. NYC mayoral candidate Zohran Mamdani defended James the next day, calling the charges political retribution by the Trump administration. Conservatives on social media mocked James by resurfacing her past statements about no one being above the law.

Schumer Withholds Endorsement of Mamdani in NYC Mayoral Race

21. september 2025 Rapporteret af AI

Senate Minority Leader Chuck Schumer has not endorsed Zohran Mamdani, the Democratic nominee for New York City mayor, amid concerns over Mamdani's positions on Israel, policing, and economic policies. This hesitation highlights ongoing divisions within the Democratic Party, with some leaders supporting Mamdani while others remain silent. Conflicting reports have emerged regarding Schumer's stance, reflecting the complexity of party dynamics in the lead-up to the general election.

Low-income New Yorkers receive $12,000 in USDC via pilot program

8. oktober 2025 Rapporteret af AI

A pilot program administered by GiveDirectly and funded by Coinbase is providing 160 low-income New Yorkers with $12,000 in USDC, a stablecoin pegged to the U.S. dollar. The initiative draws inspiration from universal basic income experiments to study the impact of unconditional cash payments on poverty. Payments consist of a $8,000 lump sum followed by five $800 installments.

Financial Turmoil in New York

New York financial markets are in turmoil following volatile trading sessions and economic indicators. Banks and investors are navigating uncertainty. The situation has prompted regulatory scrutiny and calls for intervention.