Hudson Yards new office tower booming with new signings despite tough market

Hudson Yards new office tower booming with new signings despite tough market

You’d never know it from some recent bad publicity, but Related Companies’ Hudson Yards is on a roll. If you’re surprised to hear that, the proof is in the enduring and growing strength of the office towers. For all its glamorous shops, restaurants and performing arts programs, Hudson Yards is first and foremost an office … Read more

Three mega trends of the new bull market

Three mega trends of the new bull market

Defense spending is already rising, and that is only going to continue. There will be lots of space for companies with new weapons systems, and new ways of taking the fight to the enemy – and investors will get excited about all of them. Next, redesigning supply chains. ‘Friendshoring’ is the kind of ghastly jargon … Read more

Elon Musk says Tesla has made over 3 million cars

Elon Musk says Tesla has made over 3 million cars

17 May 2021, Brandenburg, Grünheide: Elon Musk, Tesla CEO, stands on the construction site of the Tesla factory and greets with his hard hat. Picture Alliance | Picture Alliance | Getty Images Tesla has made over three million cars, CEO Elon Musk tweeted on Sunday. Of that total, Tesla’s Shanghai factory has made one million … Read more

High oil prices help Saudi Aramco earn $88B in first half

High oil prices help Saudi Aramco earn B in first half

DUBAI, United Arab Emirates (AP) — Saudi energy company Aramco said Sunday its profits jumped 90% in the second quarter compared to the same time last year, helping its half-year earnings reach nearly $88 billion. The increase is a boon for the kingdom and the crown prince’s spending power as people around the world pay … Read more

The other reason why food prices are rising

The United Nations’ worst-case scenario calculation is that global food prices will rise by an additional 8.5% by 2027. More expensive fertilizers are contributing to those higher costs, with some fertilizers spiking 300% since September 2020, according to the American Farm Bureau. “Last year [fertilizer] was around $270 per ton and now it’s over $1,400 … Read more

The ‘lipstick index’ is back — and retailers are trying to cash in

Target has added new brands to its beauty department. At a growing number of stores, it also has mini Ulta Beauty shops with prestige brands. Melissa Repko | CNBC As prices creep up, some people have decided against getting a new outfit, delayed big purchases like TVs or canceled Netflix accounts. But for now, they’re … Read more

Fireworks blast at Yerevan market kills 1, insults 20

YEREVAN, Armenia — A strong explosion at a fireworks storage area tore through a market in Armenia’s capital on Sunday, killing at least one person, injuring 20 others and setting off a large fire. The city mayor’s office said there were an unknown number of people trapped under rubble. The blast and fire at the … Read more

Police: Man slashed 3 with machete after trying to buy guns

PATCHOGUE, NY — A Long Island man is facing assault and weapons charges for allegedly attacking three people with a machete at a sporting goods store. Suffolk County police said Saturday that the attack occurred the previous afternoon at a Dick’s Sporting Goods store in Patchogue, about 30 miles (50 kilometers) east of New York … Read more

Citi downgrades Lowe’s, warns investors to brace for an earnings miss as housing market slows

There’s trouble ahead for Lowe’s as it prepares to report earnings next week, according to Citi. Analyst Steven Zaccone downgraded shares of Lowe’s to neutral from buy, and cut its price target, citing rising inflation and a tougher housing market that’s increasingly weighing on the stock. “We see risk of a 2Q miss on SSS … Read more