Economist Steve Moore discusses New York City mayoral candidate Zohran Mamdani’s platform on ‘The Bottom Line.’
New York’s status as the U.S. economy’s leading financial hub could be slipping as a leading figure in the city’s business community is sounding the alarm.
Kathryn Wylde, president and CEO of the Partnership for New York City, which advocates for the city and the financial industry, said in an appearance on WABC 770 AM’s the “Cats Roundtable” on Sunday that the shift is a “scary” development and raises questions about the Big Apple’s economic competitiveness: “Right now, the big challenge is are we going to remain competitive for jobs?”
Wylde told host John Catsimatidis that the “financial services industry, they’re our biggest taxpayers and major employers – and that industry is shrinking in New York.”
American flags on the floor at the New York Stock Exchange…
