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The Senate voted Wednesday to confirm Kevin M. Warsh as the next head of the Federal Reserve, succeeding Jerome H. Powell, whose term as chair ends Friday. President Trump picked Mr. Warsh to lead an institution that has long been politically independent but that he has repeatedly attacked for not lowering interest rates as aggressively as he would like. (More)
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Stock Market News
The S&P 500 eked out its seventh weekly gain in a row, but the index’s barely-there 0.2% rise marked a sharp departure from the big increases seen in the preceding weeks. The NASDAQ and Dow both recorded fractional weekly declines after stocks rallied on Thursday, only to retreat on Friday in the days after the Fed chair change from Powell to Warsh. (More)
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The wealthy keep buying Manhattan real estate
Manhattan’s luxury market remains robust, with 133 contracts signed for homes priced at $4 million or more between April 14 and May 10, 2026, including 34 deals above $10 million, according to broker data cited by CNBC. The report highlights that the proposed pied‑à‑terre tax—a potential annual levy on vacant or rarely used second homes. (More)
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Odds of Selling and Odds of NOT Selling in Manhattan
With more than 50% of Manhattan homes not selling within 3 months, your biggest risk is not selling below your price expectations - the biggest risk is not selling at all. Pricing is not just a strategy, it is a probability decision. Luckily Martin Eiden + Partners know this and specialize in pricing strategy. We sell 97% of the homes we list. (Reach out for full report)
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Trump‑Xi Summit, Inflation Report in Focus for Economy
U.S. CPI for April 2026 dropped this week, and inflation rise to about 3.7%, with core CPI—the measure excluding food and energy—hovering near 2.7%. The article notes that elevated gasoline prices are the primary driver behind the continued uptick, as geopolitical tensions and stronger global demand keep energy costs elevated. (More)
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Today we’re celebrating incredible milestones for one of the main pillars of our team,
Alex Mahgoub aka Superbroker!
7 years with Martin Eiden + Partners.
Over the years, Alex has become far more than an exceptional broker — he has become an invaluable part of the culture, success, and heart of our team. His professionalism, market expertise, dedication to clients, and unwavering work ethic continue to set the standard every single day.
Beyond the transactions and accomplishments, Alex is someone we deeply trust and rely on. His consistency, leadership, and commitment to excellence have helped shape Martin Eiden + Partners into the team we are today — and quite honestly, we would not be the same without him.
We are incredibly grateful for everything Alex brings to our clients, our team, and our community. Congratulations on these amazing milestones, Alex — we’re lucky to celebrate alongside you and excited for all that’s still ahead.
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610 West 110th Street, Unit 8AB
4 Bed | 4.5 Bath
Open: 5/17 11:30AM - 01:00PM
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55 West 95th Street, Unit PHE
2 Bed | 2 Bath
Open: 5/17 12:00PM - 01:30PM
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2 Bed | 2 Bath
Open: 5/17 02:30PM - 04:00PM
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35 East 20th Street, Unit 6B
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188 East 70th Street, Unit 3A
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45 Sutton Place South, Unit 12I
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532 West 111th Street, Unit 26
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50 Riverside Boulevard, Unit 3T
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529 West 42nd Street, Unit 7A
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245 West 104th Street, Unit 14C
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280 Park Avenue South, Unit 5L
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50-54 East 8th Street, Unit 3S
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43-33 42nd Street, Unit 6B
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40 East 80th Street, Unit 2C
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© Compass 2026 ¦ All Rights Reserved by Compass ¦ Made in NYC
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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