The party goes on in New York City, if you have the cash

In the context of the New York City mayor's race, a noticeable generational divide is emerging among Chinese American families, with many older immigrants leaning towards the political right, contrasting with the more progressive views of their children. This shift is significant as it reflects broader trends in immigrant communities and highlights the complexities of political identity within families, making it a topic worth watching in upcoming elections.

Michael Nierenberg, the CEO of Rithm Capital, expressed significant concerns regarding the NYC mayoral race, particularly about candidate Mamdani. In a discussion with Katie Greifeld and Romaine Bostick on 'The Close,' he highlighted that while Rithm does not own any rent-stabilized housing, the sector could face challenges if Mamdani wins. This insight is crucial as it reflects the potential impact of political decisions on real estate investments and the broader market.

The All That Glitters Diwali Ball made a triumphant return to New York City, hosted by Anjula Acharia, and it was a star-studded celebration that not only highlighted the festive spirit of Diwali but also supported global humanitarian efforts. This event is significant as it brings together the community to celebrate culture while raising awareness and funds for important causes, showcasing the power of unity and generosity.

Air travel in New York City has faced significant disruptions due to a shortage of air-traffic controllers, exacerbated by a government shutdown that has left many staffers without paychecks. This situation not only affects travelers but also highlights the broader implications of government funding issues on essential services, raising concerns about safety and efficiency in air travel.

As concerns rise among investors regarding the potential impact of mayoral frontrunner Zohran Mamdani on New York City's finances, money managers are advising calm. This situation is significant as it reflects the anxiety surrounding political changes and their implications for the city's economic stability.

Brent crude oil prices are expected to hover between $60 and $65 per barrel in 2026, according to a forecast by MBSB Research. This projection is significant as it provides insights into future market trends, helping investors and stakeholders make informed decisions in the energy sector.

Taiwan has announced that the United States is making significant efforts to expedite the delivery of F-16 fighter jets, which have been delayed. This is important as it enhances Taiwan's defense capabilities amid rising tensions in the region, particularly with China. The timely arrival of these jets is seen as a crucial step in strengthening Taiwan's military readiness and ensuring regional stability.

Hong Kong's Secretary for Financial Services and the Treasury, Christopher Hui, recently shared his insights on the city's vibrant FinTech scene during an interview with Bloomberg. He highlighted the significance of FinTech Week and discussed the growing importance of AI and start-up innovation in shaping the future of finance. This conversation is crucial as it underscores Hong Kong's commitment to becoming a global hub for financial technology, attracting talent and investment, which can lead to economic growth and job creation.

The Reserve Bank of Australia is currently evaluating a complex economic landscape, which has led to speculation that it may take a step back from active policy changes. This week, the bank is confronted with challenging economic data that could influence its future decisions. Understanding the RBA's stance is crucial as it impacts interest rates and overall economic stability in Australia.

A recent private gauge indicates that while China's manufacturing sector is still producing, the growth momentum is slowing down as of October. This is significant because it suggests potential challenges for the economy, which could impact global markets and trade.

In an exciting development for Singapore's real estate sector, Mapletree Investments, backed by Temasek, and CapitaLand Investment are exploring a merger that could create a powerhouse valued at $150 billion. This potential combination not only signifies a strategic move in the competitive market but also highlights the growing confidence in Singapore's economy. If successful, this merger could reshape the landscape of real estate investment in the region, attracting more global attention and investment.