I am guessing Mamdani destroys the NYSE.
Not just Mandami, but the entire judicial and regulatory agencies of NY and DE.
The push for required DEI board members (qualified or not) was part of it.
Plus rulings like boards had fiduciary duties to “the public” (read: democrat pressure groups) and not shareholders.
Taxes, including special taxes on any business on the wrong side of democrats.
Etc.
Exxon dumped DE to be reformed in TX.
> I am guessing Mamdani destroys the NYSE. <
There was some Democrat talk awhile back about taxing every stock trade, a few cents per share traded (if I recall correctly). That tax would be additional to any tax on profits made.
Another idea was to impose a tax of 0.01 percent of the value of the security.
Perhaps everything old will become new again.
Perhaps by cutting the electricity at a strategic moment? Please note, "Wall Street" is the last major industry in NYC. The others (notably the seaport) already driven out long ago.
The NYSE already has disaster plans for moving, going back to the Cold War.
It wouldn't surprise me in the slightest if they pre-emptively moved to Dallas. Perhaps to compete with this new Texas Stock Exchange (as they already do with NASDAQ). Perhaps to acquire or be acquired by them in a friendly takeover (if the SEC allows it).