Krugman Says There's No Need to Panic If Mamdani Becomes NYC Mayor

Kathy Hochul, after identifying as a 'staunch capitalist', has endorsed socialist candidate Zohran Mamdani. President Trump believes Mamdani has a strong chance of winning and criticized Republican Curtis Sliwa.

Editor’s Note: This endorsement is significant as it highlights a crossover in political ideologies, showcasing Hochul's willingness to support a candidate from a different political spectrum. Trump's comments add to the political drama, indicating a competitive race ahead.

Zohran Mamdani, a passionate soccer fan, is taking a stand against the high cost of World Cup tickets, which are priced at $6,000. His excitement for the event shines through in a humorous social media video.

Editor’s Note: This matters because it highlights the growing concern over ticket prices for major sporting events, making them less accessible to average fans. Mamdani's playful approach draws attention to the issue while celebrating the sport.

The wealth tax plan, supported by Zohran Mamdani and criticized by business leaders, aims to impose higher taxes on millionaires. Economist Gabriel Zucman argues this could reduce inequality and generate essential funds.

Editor’s Note: This plan is significant as it reflects a growing trend in both New York and France to address wealth inequality. By targeting the wealthy, proponents believe it could lead to a fairer distribution of resources and support public services.

Urban Co.'s trading debut is expected to boost sentiment in the Indian market, signaling potential growth and investor confidence. This event is significant as it reflects the overall health of the market and could attract more investments, fostering economic development.

Samuel Sanghyun Kim, the CEO of Lotte Retail Group, recently shared insights on the company's ambitious business strategy and expansion plans in Southeast Asia during an interview on Bloomberg. This is significant as it highlights Lotte's commitment to growth in a rapidly developing market, which could lead to increased competition and innovation in the retail sector.

Chinese tech stocks in Hong Kong have surged to their highest levels since 2021, driven by growing investor optimism surrounding artificial intelligence. This surge is significant as it reflects a renewed confidence in the tech sector, which has faced challenges in recent years. The rising demand for AI technologies is not only boosting stock prices but also indicating a potential shift in market dynamics, making it an exciting time for investors.

Japan's exports saw a decline in August, primarily due to challenges faced by automakers in light of US tariffs. This downturn is significant as it reflects the ongoing trade tensions and their impact on Japan's economy, particularly in the automotive sector, which is a crucial part of the country's export landscape.

The Trump administration is facing a lawsuit over its actions against the University of California, which raises significant concerns about educational policies and federal oversight. This legal battle could have far-reaching implications for universities across the nation, as it challenges the administration's approach to higher education funding and governance. The outcome may set a precedent for how federal policies interact with state educational institutions, making it a critical issue for students, educators, and policymakers alike.

Lucky Strike Entertainment has successfully priced a $500 million notes offering, marking a significant milestone for the company. This move not only strengthens their financial position but also signals confidence in their growth strategy. Investors are likely to view this as a positive development, as it opens up new avenues for funding and expansion.