Trump and NYC's new socialist mayor call for Con Edison to lower rates, causing stock drop [FOX Business Network]
Consolidated Edison, Inc. (ED)
Last consolidated edison, inc. earnings: 2/20 04:55 pm
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Source: FOX Business Network
President Donald Trump on Friday hosted New York City Mayor-elect Zohran Mamdani at the White House where they discussed affordability issues and called for lower electricity prices in the city, which caused a major utility's stock to sink. Trump and Mamdani, a democratic socialist, spoke to reporters in the Oval Office following their meeting and said that they intend to focus on addressing affordability issues, which Mamdani noted helped increase Trump's level of support in New York City and was something his campaign tapped into. "When we asked those New Yorkers who had voted for the president, and when we saw an increase in his numbers in New York City, that came back to the same issue – cost of living, cost of living, cost of living. They spoke about the cost of rent, the cost of Con Ed, the cost of childcare," Mamdani explained. Consolidated Edison, commonly known as Con Ed, is the main utility provider in New York City and has over 3 million customers, and President Trum
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News
- Does Consolidated Edison, Inc. (NYSE:ED) Create Value For Shareholders? [Yahoo! Finance]Yahoo! Finance
- With 72% ownership, Consolidated Edison, Inc. (NYSE:ED) boasts of strong institutional backing [Yahoo! Finance]Yahoo! Finance
- Consolidated Edison: A Tricky Balancing Act [Seeking Alpha]Seeking Alpha
- Consolidated Edison (NYSE:ED) had its "buy (b-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Consolidated Edison (NYSE:ED) had its "underweight" rating reaffirmed by analysts at Morgan Stanley.MarketBeat
ED
Earnings
- 11/6/25 - Beat
ED
Sec Filings
- 11/24/25 - Form 8-K
- 10/3/25 - Form SCHEDULE
- 10/2/25 - Form 4
- ED's page on the SEC website