With nearly 9 million residents and the world’s largest financial hub, New York City is about to test a progressive economic vision under Mayor-elect Zohran Mamdani. Proposals such as free buses, city-owned grocery stores and rent freezes have already rattled Wall Street, prompting sharp criticism from Mamdani’s critics. The clash underscores a widening divide between progressive ambitions for the city and the financial sector that has long powered...

Socialist New York City Mayor-elect Zohran Mamdani is set to take the oath of office to become the next mayor of the nation’s largest city after being sworn in early Thursday morning and taking the oath of office on Thursday afternoon.  New York Attorney General Letitia James administered the oath of office to Mamdani at midnight while Sen. Bernie Sanders, I-Vt., is set to swear him in again...

New York City Socialist Mayor-elect Zohran Mamdani was officially sworn in as mayor in a midnight ceremony by New York Attorney General Letitia James. “This is truly the honor and the privilege of a lifetime,” Mamdani said in a brief speech. The early Thursday morning event was a private ceremony where Mamdani was accompanied by family members at the Old City Hall Station, a decommissioned subway station with...