"At first glance, you might think the choice between Andrew Cuomo and Zohran Mamdani is clear-cut for finance workers. Mamdani, a democratic socialist, appears to represent the antithesis of everything Wall Street is about. But a Business Insider analysis of donation data shows a much more even split between the two candidates - at least when it comes to the number of people donating to their campaigns."
"Across 400 financial companies, 401 workers donated to Mamdani's campaign compared to 397 backing Cuomo. The gap, however, is much larger when considering the amount of money spent. Cuomo received 88% of the money donated, with the average amount sent to Cuomo ($1,006) dwarfing what Mamdani received ($131). When including PAC spending, Cuomo holds an even bigger edge, with 95% of the more than $9 million donated from the financial industry going to pro-Cuomo or anti-Mamandi efforts."
Ray Dalio invited LinkedIn and X users to submit questions to train an AI clone, inspiring a joked name "DAL-IO." A new markets newsletter called First Trade launches Monday. The first NYC mayoral debate is scheduled for tonight. Financial-industry donations to Andrew Cuomo and Zohran Mamdani show nearly equal donor counts across 400 firms, with 401 donations to Mamdani and 397 to Cuomo. Cuomo received 88% of individual donation dollars and a much higher average contribution ($1,006 versus $131). Including PACs, about 95% of more than $9 million from finance supports pro-Cuomo or anti-Mamdani efforts. Front-office staff favor Cuomo; back-office staff lean toward Mamdani.
Read at Business Insider
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