SL Green’s massive One Madison Avenue redevelopment has scored another tenant. Global cybersecurity firm Palo Alto Networks took 28,903 square feet on the entire 26th floor. The deal brings the 1.4 million square-foot tower to 59 percent leased. It’s set to be completed in October, five weeks ahead of the original schedule. SL Green has added … Read more
The health of the city’s hotel industry is a crazy-quilt pattern of mostly optimistic but confusing and conflicting cross-currents. Large new hotels continue to open even as famous old ones close for good. Occupancy’s way up over 2021 but still below pre-Covid times. Meanwhile, an uptick in the crucial industry metric known as RevPAR, or … Read more
Remember those black clouds hanging over Europe last fall? Terrifying warnings of natural gas shortages, death-inducing winter blackouts, war spreading westward, endless stagflation – and, of course, recession. It never happened. Instead, Eurozone stocks have soared by nearly a third since September’s low. French, Italian and Spanish markets all set all-time highs in euros in … Read more
This past week’s bounce-back of the stock market really is something to behold. Stock prices climbed Thursday and again Friday, right after the Fed raised interest rates, and not because corporate earnings are killing it, inflation has been put to rest, or the economic forecast is so bright. No, stocks rebounded because we have a banking crisis and … Read more
Pizza Hut Japan unveiled a pie called “Pakuchi Sugite Kusa,” which translates to “Too Much Coriander Herb.” The restaurant chain posted about the new menu offering on its Twitter page last week. The brand claims the pizza contains three stalks of coriander, also known as cilantro — so much that it will shock even Gen Zers, according to … Read more
Janet Yellen is once again on thin ice inside the Biden Administration over her bungling of the banking crisis that keeps roiling markets, The Post has learned. The question is when will Sleepy Joe & Co. finally act? They need to put Yellen out of her misery and end ours by handing her job to … Read more
A US judge on Friday ordered former Goldman Sachs banker Roger Ng to forfeit $35.1 million, after sentencing him to 10 years in prison for helping loot billions of dollars from Malaysia’s 1MDB sovereign wealth fund. US District Judge Margo Brodie in Brooklyn rejected Ng’s argument that he owned no more money after forfeiting to Malaysia tens of millions of dollars of alleged … Read more
Do Kwon, the fallen crypto kingpin who oversaw the catastrophic $40 billion collapse of two digital currencies last year, was arrested in Montenegro on Thursday and slapped with fresh fraud charges in the US. Kwon, the 31-year-old co-founder of Terraform Labs, was apprehended at the airport in the Balkan country’s capital of Podgorica while attempting … Read more
St. Louis Federal Reserve president James Bullard said Friday the US likely will need higher than expected interest rates to contain inflation as the economy remains strong and stress in the banking sector likely eases. St. Louis Fed President James Bullard expects a range between 5.5% and 5.75% this year, a quarter point higher than he projected.REUTERS … Read more
TikTok CEO Shou Zi Chew’s testimony on Capitol Hill was a ‘disaster moment’ for the company that will likely increase calls for a sale or outright ban of the problematic platform, Wall Street analysts predicted. Chew routinely angered lawmakers with evasive or unclear testimony during a closely-watched House hearing on Thursday — which included damning … Read more