Downtown Manhattan’s seat of finance, government, culture
The Knicks have won the NBA title, triggering a ticker-tape parade through Manhattan. Fans are hiring line-sitters at premium rates to secure spots along the Canyon of Heroes as celebrations ramp up, with security bolstered for the event.
New York’s Democratic primaries have yielded three wins for Mayor Zohran Mamdani’s democratic socialist slate. Brad Lander, Darializa Avila Chevalier and Claire Valdez have defeated establishment-backed rivals in the 10th, 13th and 7th districts, signaling a stronger left-wing presence in Congress ahead of November.
New York has held its first-ever Knicks ticker-tape parade after the team has won the NBA title, drawing an estimated two million fans to Lower Manhattan on June 18. Mayor Zohran Mamdani has presented the team with keys to the city; Alicia Keys performed and a heavy NYPD security deployment managed crowds and closures.
A 43-year-old former U.S. Army soldier has been charged with arson after an incident outside 26 Federal Plaza in Lower Manhattan. Investigators say he ignited fireworks, started a sidewalk fire and fired a pellet gun before security subdued him. Three people are injured; the suspect is jailed without bail as the FBI Joint Terrorism Task Force investigates.
The Federal Reserve has kept the benchmark rate steady in a nine-to-three vote, amid persistent inflation above the 2% goal. Dissenters argue for earlier tightening, while others urge patience; investors await July inflation data to gauge the path for policy.