Texas courts NYC firms as Mamdani's wealth critique rattles Wall Street

Texas Gov. Greg Abbott welcomes New York companies relocating or expanding to Texas, touting the state’s no income tax and pro-growth climate, as New York City Mayor Zohran Mamdani faces backlash for criticizing Ken Griffin’s wealth. The article notes Texas has surpassed New York in financial-sector employment and JPMorgan Chase now employs more people in Texas than in New York, with Griffin and Apollo threatening to shift operations outside NYC after Mamdani’s backing of a pied‑à‑terre tax. A White House adviser says Mamdani’s anti‑corporate rhetoric could help Republicans in 2028, while Democrat Paterson urges resilience for NYC’s business community; Abbott’s border actions, including migrant relocations to sanctuary cities, are mentioned to illustrate broader political dynamics.