These Are The Billionaires Donors Behind Tuesday’s Elections

Frances Katzen, a broker at Douglas Elliman, highlights the significance of this year's New York City mayoral election. She discusses the ongoing challenges of affordability and inventory that are impacting the city's real estate market, keeping prices high.

Kathy Wylde, the president and CEO of Partnership for New York City, reassures that a potential win by NYC Mayoral frontrunner Zohran Mamdani won't lead to a crisis for businesses or a mass departure of wealthy residents from the city.

In today's Bloomberg Businessweek Daily, hosts Emily Graffeo and Matt Miller delve into important off-cycle elections, including the New York City mayoral race and the New Jersey gubernatorial election. They are joined by Myles Miller and Romaine Bostick for updates. Additionally, Chad Zamarin, CEO of Williams Companies, discusses the rising demand for gas infrastructure in the context of the AI boom, while Kathryn Wylde from the Partnership for New York City shares insights on Zohran Mamdani's leadership.

As New Yorkers prepare to vote for a new mayor, Democratic candidate Zohran Mamdani is leading in the polls against independent Andrew Cuomo. Mamdani expressed that any victory would be seen as a mandate, highlighting the significance of the upcoming election.

This year, America's wealthiest billionaires saw their fortunes soar by $698 billion, highlighting a stark contrast with the average American household. With the top 10 billionaires earning 833,631 times more than typical families, concerns about growing inequality are heightened, especially with President Trump's tax policies potentially exacerbating the situation amid job scarcity and a looming recession.

Zohran Mamdani is entering Election Day with a strong lead in the race for New York City mayor, positioning him as the favorite to win. This is significant not only for Mamdani, a democratic socialist, but also for the political landscape of NYC, as he competes against notable figures like former governor Andrew Cuomo and Republican Curtis Sliwa. The outcome could reshape the city's future and reflect changing voter sentiments.

The New York mayoral race is shaping up to be a significant test of economic populism, with candidate Mamdani challenging the established political figure Cuomo. This election is not just about local governance; it reflects a broader generational and ideological divide that could influence political dynamics across the nation. As voters weigh their options, the outcome may set a precedent for future elections, making it a pivotal moment in American politics.

Polls have opened in New York City for a historic mayoral election, where voters will choose between Democratic nominee Zohran Mamdani, independent Andrew Cuomo, and Republican Curtis Sliwa. Mamdani, who has been leading in the polls, is generating excitement among younger voters with his plans to make the city more affordable, while his tax proposals for the wealthy have raised concerns among Wall Street leaders. This election is significant as it reflects the changing priorities of New Yorkers and could shape the city's future.

In the morning Tokyo session, Japanese Government Bonds (JGBs) saw a slight increase, following the positive price movements in U.S. Treasurys from the previous night.

Ads for LED masks claiming to treat acne and rosacea have been banned due to regulations. The authorities emphasize that cosmetic devices must be registered and cannot make medical claims.

Perpetual, an Australian investment manager, is currently in discussions with Bain Capital regarding the potential sale of its wealth management unit. This move could mark a significant shift in the financial landscape.

Perpetual, an Australian investment manager, is currently in discussions with Bain Capital regarding the potential sale of its wealth management unit. This move could mark a significant shift in the financial landscape.

Spectrum is facing ongoing challenges in retaining its customers, raising concerns about the reasons behind this issue.

A recent report highlights that addressing Britain's worklessness crisis, driven by health issues, will cost employers £6 billion annually. Charlie Mayfield emphasizes the need for businesses to take a more active role in supporting their employees as the country prepares for the upcoming budget.