Mamdani’s Wall Street courtship sparks criticism of anti-billionaire agenda

NEWYou can now listen to Fox News articles! Socialist New York City Mayor Zohran Mamdani is courting powerful Wall Street leaders after months of attacking wealthy New Yorkers and pushing for higher taxes on corporations.Given New York City’s outsized role in U.S. banking, investing and corporate headquarters, business leaders warn financial instability in the Big Apple could reverberate nationwide.Mamdani’s meetings this week with JPMorgan Chase CEO Jamie Dimon and Goldman Sachs CEO David Solomon underscored…

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SEC Tokenized Stocks Risk Market Fragmentation

The US Securities and Exchange Commission’s move to allow third parties to list tokenized stocks could risk two structural disruptions with liquidity and revenue fragmentation, according to Tiger Research.Liquidity fragmentation may occur as capital disperses from centralized exchanges across multiple blockchain platforms, said Tiger Research director and head of research…