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A New Era in New York: Zohran Mamdani Sworn In as City’s First Muslim Mayor

Zohran Mamdani is sworn in as mayor of New York City, flanked by his wife Rama Duwaji and New York attorney-general Letitia James, at Old City Hall Station, New York. Zohran Mamdani has officially begun his term as New York City’s 112th mayor, marking a historic milestone as the first Muslim to lead the nation’s largest city. The 34‑year‑old took the oath of office just after midnight in a decommissioned subway station beneath City Hall, placing his hand on a Quran during the ceremony. In his inaugural address, Mamdani outlined an ambitious agenda centered on affordability, public transit, and expanded social services. He pledged to “govern expansively and audaciously,” reaffirming commitments to policies such as rent freezes, free bus service, and universal child care. A public ceremony later in the day featured prominent progressive figures, underscoring Mamdani’s political roots and the coalition that propelled him to victory. The event also drew widespread attention online after...
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Stock Market Stumbles Post-Christmas as Investors Eye Jobs Data

                                        

U.S. stock futures fell Thursday as trading resumed after the Christmas holiday, with Wall Street bracing for the release of weekly jobless claims data. Futures tied to the S&P 500 and Nasdaq declined by 0.3%, while Dow Jones Industrial Average futures dropped 0.4%.

The market's struggle to extend the "Santa Claus rally" saw major indexes like the S&P 500 and Nasdaq nearing record highs after recovering from a Fed-fueled dip last week. Investors are now keenly awaiting the jobless claims report, which has taken on greater significance in the absence of other economic data this week.



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