Nonetheless, many of New York’s richest residents are alarmed by the idea of Mamdani winning in November. “An anti-capitalist Mayor will destroy jobs and cause businesses and wealthy taxpayers that ...

While it’s an unlikely outcome, some investors have staked out positions in futures markets that will profit if interest rates drop immediately after Jerome Powell’s term as chair ends in May 2026.

U.S. mortgage applications to purchase a home jumped to the highest level since early 2023 last week, even as borrowing costs barely budged.