Business
NYC Mayor Zohran Mamdani Never Called to Speak at Funeral for Fallen Soldier Despite Prepared Remarks
New York City Mayor Zohran Mamdani was not invited to deliver remarks at the funeral of Army Sgt. Angel Sarah Rampersad on Friday, despite having prepared a eulogy in advance, according to sources who attended the service in Ozone Park, Queens.
Mamdani sat in the fourth row of Calvary Assembly of God, reviewing his planned remarks on an iPad while New York Gov. Kathy Hochul, Queens Borough President Donovan Richards and other officials were called to speak, according to a source who was present at the funeral. “They kept calling names and then he was never called,” the source said. “Then he looked over at his staff, frustrated and seemed angry that he didn’t speak. When he realized his name wasn’t being called, he looked at his staff angrily and then eventually put his tablet away.”
Sources involved in the funeral’s planning offered differing explanations for why the mayor was not asked to speak. One source close to the planning process said Rampersad’s family holds politically conservative views and specifically did not want Mamdani, an avowed democratic socialist who has been sharply critical of Israel and the U.S. war against Iran, to address the service. “The family is more conservative and wanted to limit any political distractions,” the source said.
Rampersad, 28, grew up in an Ozone Park family and graduated from John Jay College of Criminal Justice before enlisting in the Army, following in the footsteps of an uncle who had also served. She was among three U.S. soldiers killed July 17 during an Iranian missile attack on the Muwaffaq Salti Air Base in Jordan.
It remains unclear whether Mamdani visited Rampersad’s family in the days following her death, a gesture that has traditionally been customary for New York City mayors following the death of a local service member. No visit appeared on his official public schedule or across his social media accounts in the days between Rampersad’s death and Friday’s funeral. During that same period, Mamdani participated in a sightseeing tour aboard a double-decker bus as part of a housing-related press event and gave interviews to several national publications.
Despite not speaking at the funeral, Mamdani’s press office distributed his planned remarks afterward, labeling them “remarks as prepared.” The prepared eulogy read, in part, “It is often said that our fallen ‘gave their tomorrows for our today.’ Sergeant Rampersad had tomorrows waiting for her: birthdays, ordinary mornings, evenings spent with her loved ones. But she gave every one of them up so that we could have ours — so that we could stand here today, safe and protected.”
Hundreds of family members, neighbors, fellow soldiers and community members attended the funeral, where mourners wiped away tears as Rampersad’s favorite gospel songs played throughout the church. Daisy Davis-Credle, president of the Queens Sunday School Association, reflected on Rampersad’s character following the service. “She could talk to people in her rank, above her rank, and they would accept it since it was the way she did it,” Davis-Credle said. “It’s not what you do, it’s how you do what you do. And she knew how to do that — they listened to her.”
Hochul delivered remarks during the service, describing a personal connection to Rampersad despite never having met her. “I feel after reading and admiring this woman from a distance, I feel like she could be one of my daughters,” Hochul said. Other speakers included Ozone Park Residents Block Association President Sam Esposito, state Sen. Joseph Addabbo Jr., a Queens Democrat, and Richards.
Mamdani was seated near first-term City Councilman Frank Morano, a Staten Island Republican who is not considered an ally of the mayor, during the service. Morano said he was surprised by the decision not to have Mamdani speak. “I was surprised the mayor didn’t speak,” Morano said. “I didn’t understand why they would have lower-level officials speak and not the mayor.”
Following the service, NYPD officers carried Rampersad’s coffin from the church to a hearse, which then joined a blocks-long police procession en route to her final resting place on Long Island.
The episode adds to a period of broader political scrutiny facing Mamdani, who has faced criticism in recent days over his handling of other city matters, including an ongoing Legionnaires’ disease outbreak that has been linked to seven deaths. City Hall did not respond to multiple requests for comment regarding Friday’s funeral and Mamdani’s absence from the program of speakers.
Business
lastminute.com N.V. 2026 Q2 – Results – Earnings Call Presentation (OTCMKTS:LSMNF) 2026-08-01
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Business
Six Indian cos among BusinessWeek’s top 100 Infotech firms
NEW DELHI: Notwithstanding the turmoil in global economic environment, as many as six Indian firms, including Reliance Comm and Bharti Airtel, have been named among top 100 best-performing infotech companies in the world by a US magazine BusinessWeek.
The BusinessWeek’s latest annual list ‘The Infotech 100’, which ranks the firms on the basis of shareholder return, return on equity, total revenues and revenue growth, has ranked telecom major Bharti Airtel at the 21st position followed by Reddington India (55th) and RCom (66th).
The list is topped by US firms –Amazon.com and Apple– who have taken the top two spots this year. However, the magazine said in an accompanying report that “the dominance of US companies is in decline, the country has 33 companies among the IT 100 this year, down from 43 in 2007.”
Other Indian firms on the list, includes — Azim Premji-led Wipro at the 74th position, Satyam at 91 rank and HCL Technologies has been ranked at the 95th position among the list of 100 firms.
South African telecom firm MTN Group, which is in exclusive talks with Anil Ambani Group flagship firm Reliance Communications, has been ranked at the 12th position in the global list even ahead of global IT giants IBM and Microsoft, which are at 13th and 23rd ranks in the list, respectively.
Besides, the other fast emerging country China also has six companies among the top 100 Infotech companies in the world.
The magazine has compiled the information for the list by sorting through the financial results of 30,500 publicly traded companies and has ranked the technology players on four criteria –shareholder return, return on equity, total revenues and revenue growth.
The companies leading the list are those with the lowest aggregate ranking.
The companies which qualified had to have revenues of at least 300 million dollar then the collection of about 800 companies was divided into eight industry categories, such as software and semiconductors.
“Companies whose stock price has dropped more than 75 per cent, whose sales shrank, or where other developments raised questions about future performance were eliminated from contention.
“We also dropped some phone companies whose monopoly or near-monopoly power gives them an unfair advantage over competitors,” the magazine added.
Business
Treasury Warns Banks It Might Intervene in Dollar-Yen Exchange Rate
The U.S. Treasury Department has informed banks that it might make currency trades on Friday to support the Japanese yen and strengthen its exchange rate against the dollar, according to a person familiar with the matter.
The message was delivered by the Treasury to major banks on Friday via the New York Fed, which acts as the Treasury’s agent for trades in financial markets. Some banks were told to have executable trades ready to exchange Japanese yen for euros, according to people familiar with the matter. The U.S. holds some of its foreign-currency reserves in euros.
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Business
Chip Stocks Are on Pace for Worst Month Since 2008
Chip stocks are on track for their worst monthly performance in nearly two decades.
The Philadelphia Semiconductor Index, or SOX, was up 2% on Friday, extending Thursday’s tech-dominated relief rally.
However, Friday’s gains were far from enough to offset what’s been a tough month for the semi group. In fact, the SOX is on track for its worst monthly performance since 2008, according to Dow Jones Market Data.
Business
Wait for more signals before turning positive
Therefore, immediate rallies would be interpreted as corrective in nature until the medium-term technical parameters turn positive. The recent upmove in the Sensex since the low of 12514 pts has been very sharp. The upside gap of July 23, 2008 had created a bullish ���Island Reversal Gap��� on the daily charts between 14510 pts and 14519 pts.
Normally, the implications of this on the medium-term outlook would be very positive, especially since the ���Island��� comprised of 22 trading sessions. When a stock indicates an uptrend, trades above the gap which occurs, then gaps back down and trades below the initial price, an island reversal has occurred.
However, the Sensex has since run into a strong resistance zone between 15026 pts and 15390 pts. The monthly mid-point of June 2008 is at 15026 pts. The 50% retracement level of the fall from the May 2008 peak (17735 pts) is at 15124 pts. The positive implications of the bullish ���Island Reversal Gap��� would thus get negated if the Sensex has a daily close below 14104 pts (the close on July 22, 2008). The Sensex is then expected to have an initial downside of 13513 pts, the 61.8% Fibonacci retracement level of the recent rise from 12514 pts to 15130 pts.
If the bearish ���Island reversal gap��� of 14484-14568 pts is immediately filled and the Sensex manages to decisively overhaul the resistances between 15130 pts and 15390 pts, the ongoing upmove would continue. The Sensex may then test higher levels between 16618 pts and 16860 pts.
The 78.6% Fibonacci retracement level of the fall from the May 2008 peak is at 16618 pts while 16860 pts is the 50% retracement level of the entire fall from the January 2008 peak. Hence, one would await further confirmation before turning positive on the medium-term outlook.
(The author is VP of technical research at Darashaw)
Business
Jardine Cycle & Carriage Limited 2026 Q2 – Results – Earnings Call Presentation (OTCMKTS:JCYGY) 2026-08-01
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Business
Capital One says it closed Trump Organization’s accounts after anti-money laundering probe

Capital One says it closed Trump Organization’s accounts after anti-money laundering probe
Business
Cenovus Energy Inc. 2026 Q2 – Results – Earnings Call Presentation (TSX:CVE:CA) 2026-08-01
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Fluence Corporation Limited 2026 Q2 – Results – Earnings Call Presentation (OTCMKTS:EMFGF) 2026-08-01
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Essex Property Trust, Inc. 2026 Q2 – Results – Earnings Call Presentation (NYSE:ESS) 2026-08-01
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