New York City elected Zohran Mamdani, a democratic socialist, as its next mayor.

Wall Street is on edge heading into the New York City mayoral election on Tuesday, with a potential victory for Zohran Mamdani set to reverberate through the heart of global capitalism, where financi...

"My friends, we have toppled a political dynasty," he told the crowd during a victory speech, touting voters' "mandate for change" and "mandate for a city we can afford".