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Data shows half of Manhattan condos built since 2015 have never been sold The luxury condo market has cooled even as the economy continues to soar Experts point to the … Read more
Manhattan has so many new, unsold condos it would take six years, at the current pace of sales, to unload them all t.co/yoWC5S3DcV — Bloomberg Pursuits (@luxury) January 6, 2020 … Read more
Wow, that was fast: In default is a $650 million portion of a $2 billion loan package, signed in 2018. By Wolf Richter for WOLF STREET. “20 Times Square,” a newly built tower … Read more
via Zerohedge: Cooling rents in formerly hot real estate markets like New York City and Boston might give the Federal Reserve the excuse it needs to keep rates low and … Read more
The oldest and thickest Arctic sea ice is disappearing twice as fast as ice in the rest of the Arctic Ocean, according to new research. A new study in AGU’s journal Geophysical Research … Read more
Josh Sigurdson talks with Tim Picciott of The Liberty Advisor about the fall of the Manhattan retail industry and moreover, the collapse of the global retail industry as the everything … Read more
Google is developing an all-knowing, “god-like” artificial intelligence that employees describe as the “AI Manhattan Project,” according to a former engineer for the tech giant who has become a whistleblower. … Read more
Dow plunges 550 points as big tech shares lead the decline Stocks fell sharply on Wednesday, adding to Wall Street’s poor start to the final quarter of 2019 as investors … Read more
State prosecutors in Manhattan have subpoenaed President Trump’s accounting firm to demand eight years of his personal and corporate tax returns, according to several people with knowledge of the matter. … Read more
Barr issued a stark warning to Epstein’s alleged co-conspirators on Monday He also slammed the handling of Epstein by the Manhattan Correctional Center Barr said he is ‘appalled’ and ‘angry’ … Read more
via city-journal.org: As power outages go, the Broadway Blackout of 2019 was pretty modest. About 73,000 customers lost power in parts of Manhattan’s Midtown and Upper West Side neighborhoods for several hours just … Read more
by WARREN MOSLER Still in contraction: China Imports Tumble in June Imports to China plunged 7.3 percent from a year earlier to USD 161.86 billion in June 2019, much worse … Read more
Lights back on after Con Ed equipment failure plunges much of Manhattan into the dark on a summer Saturday night Broadway went dark along with much of Midtown and the … Read more
S&P500's Q2 #earnings expectations continue to slide via @biancoresearch @SoberLook pic.twitter.com/G8gnVes5sg — Gregory Daco (@GregDaco) July 10, 2019 Chart suggests earnings are going negative Chart suggests earnings are going negative … Read more
via yahoo: Manhattan high-end real estate showed new signs of cooling during the second quarter, with secondary prices sliding and units staying on the market longer, according to a new report … Read more
