Amazon’s New NYC Office At Historic Lord & Taylor Building, Yields Slip, Stocks Waver As Fed Officials Warn Of Higher Rates, The Dollar Still Has Plenty Of Swagger

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Amazon’s New NYC Office At Historic Lord & Taylor Building

This week Amazon debuted its new digs at the former Lord & Taylor store in Midtown, which was built in 1914 and served as its flagship location for more than a century. After purchasing the building in 2020 for nearly $1B, Amazon hired WRNS Studio to design the land-mark building as a 21st-century work-place that embraces its fashionable roots

(Read More)

Yields Slip, Stocks Waver As Fed Officials Warn Of Higher Rates

Treasury prices rebounded but a gauge of global equities pared gains on Friday, adding to sharp sell-offs earlier this week, after three Federal Reserve officials warned further rate hikes may be needed to ensure inflation is brought under control. The officials, in remarks at separate events.

(Full Story)

The Dollar Still Has Plenty Of Swagger

Bet against the dollar at your peril. After the dollar’s sharp rally since July, it may be tempting to do so. Earlier this year, before the rebound, spot currency traders made good money wagering that the dollar would decline from the 20-year highs it reached in 2022. And while the dollar dominates world trade, a host of nations, including China and Russia, are maneuvering to unseat it. (Full Story)

Team News

Alex had a great chat with the owners of the Brooklyn Artery. Have you ever been? What a spectacular neighborhood gem in Ditmas Park, Brooklyn! A tremendous gift store with so many different types of wares, from jewelry to toys, candles to clothes, along with a special community event space, with a diverse line-up of happenings! Read his Q&A with Meredith Jacks and Annie del Hierro here.

Q&A

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Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. All Coming Soon listings in NYC are simultaneously syndicated to the REBNY RLS. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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Amazon’s New NYC Office At Historic Lord & Taylor Building, Yields Slip, Stocks Waver As Fed Officials Warn Of Higher Rates, The Dollar Still Has Plenty Of Swagger

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