THE X-TRADER NEWS
TV DISCOVER X-TRADER ↗
DELAYED
21:15 ET
EDITION Nº 009 · BRAZILTHURSDAY, NOVEMBER 5, 2026 · 23:15
← BACK
VIDEOS

Karen Bass recognizes defeat and socialist Nithya Raman should be the next mayor of Los Angeles

After one term, the mayor admitted the victory of her rival, who arrived late to the race, has a more progressive platform and will face the challenge of preparing the city for the Olympics, according to Fox News.

BY THE X-TRADER NEWS NEWSROOM · REPORTING FROM FOX BUSINESS · 2 MIN

SHARE WhatsApp X Telegram

Los Angeles Mayor Karen Bass conceded defeat in her re-election race, and Councilwoman Nithya Raman, described by Fox News as a socialist, is expected to become the city's next mayor. The concession was announced this Thursday, according to the channel, after an investigation in which the challenging candidate increased her advantage.

According to senior national correspondent William La Jeunesse, who reported from Los Angeles, Bass is staying after four years and a single term. Raman, a late entrant into the race, leads by about four percentage points, and the lead has been growing practically hourly for the last 24 hours or so. According to the reporter, the numbers simply weren't on the mayor's side.

In a statement, Bass said that over the past four years, the administration has faced some of the most difficult challenges of any major American city. She cited the exit from the pandemic, when homeless camps took over the streets and businesses tried to reopen, and said that Angelinos were taken off the streets and taken back to shelters.

The weight of the fire and the profile of the winner

For the Fox reporter, many would say that the mayor never recovered politically from the fire that occurred a year ago. According to him, the way she handled the episode and the fire department's performance were demanded by many voters and dogged Bass's campaign from start to finish.

Raman has only been on the City Council for four years. According to the report, he is a member of the DSA and defends a much more progressive platform than Bass's. The broadcast recalled that the winner has already defended cuts to the police budget, a position that, according to the report, she no longer supports.

What lies ahead

The future mayor will have an immediate challenge: the city will host the Olympics in two years. In the correspondent's assessment, she will need to bring together all councilors and unite the city around an entirely new agenda.

The transcript does not contain economic projections or details about fiscal or tax proposals from the future administration. For investors and taxpayers, the point to follow will be how an administration with a more left-wing profile will manage the municipal budget and preparation for a large-scale event, in one of the largest urban economies in the country.

Automatically translated from Portuguese.

SHARE WhatsApp X Telegram
X-TRADER ADVERTISING X-ACCESS · BLACK FRIDAY THE BLACK FRIDAY THAT DOESN'T LIE. No fake 80% off: Estéfano Santos's X-ACCESS stays at R$ 997 with everything included. And 2 bonuses end Nov 30. SEE THE OFFER →NOV 20-30 Trading involves risk.
COMMENTS
    MOST READLAST 48 HOURS
    1. 1
      OPINIONThe market doesn't vote. The market reacts! What can the American elections do to Wall Street?
    2. 2
      OPINIONHong Kong soars 3.67%. What does this rise reveal about money in the world?
    3. 3
      OPINIONThe Nasdaq Won't Wait for You: A Week of Decisions, Volatility, and a New Clock
    4. 4
      OPINIONDemocrats took Congress. Your stop remains where it was.
    5. 5
      OPINIONBets move billions. But who pays the bill when the Brazilian loses control?
    MORE IN VIDEOSKEEP READING