SL Green is moving to foreclose on a building on NYC’s glitzy Fifth Avenue shopping corridor, highlighting a dismal outlook for commercial real-estate

The large New York landlord, SL Green, has moved to foreclose on the 19-story, 100,000 square-foot office building at 590 Fifth Avenue. The foreclosure shows that the building’s landlord, Thor Equities, has fallen into default on a $25 million mezzanine loan held by SL Green against the property. The situation is a sign of the times, as revenues deteriorate in various segments of the real-estate sector, forcing lenders to take action. Visit Business Insider’s homepage for more stories. The large New York City-focused real estate investment trust, SL Green, has begun a process to foreclose on a Fifth Avenue office and retail property, the $3.5 billion company revealed in a… Read More

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‘The Simpsons’ shares a video of Marge scolding a Trump adviser who mocked Kamala Harris: ‘I teach my children not to name-call’

Trump campaign senior adviser and lawyer Jenna Ellis said Joe Biden’s running mate Kamala Harris “sounds like Marge Simpson” after the two appeared at their first event together. The animated character from “The Simpsons” rebuked the insult and said she felt “a little disrespected.” After the TV series posted the clip on Friday, Ellis fired back: “Marge is probably going to vote Democrat… by mail.” Visit Business Insider’s homepage for more stories. Marge Simpson had “something to say” after her voice was compared to presumptive Democratic presidential nominee Joe Biden’s running mate Kamala Harris’ by one of President Donald Trump’s advisers. “I usually don’t get into politics, but the president’s… Read More

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Goldman Sachs lays out 4 themes from 2nd-quarter earnings set to shape the economy’s future

Quarterly analyst calls revealed a spate of updates on how companies expect the economy to change throughout its recovery. Goldman Sachs pored over more than 130 calls and found a collection of nascent trends influencing corporate behavior. Here are the four key themes that emerged throughout the second quarter, according to the bank. Visit the Business Insider homepage for more stories. Second-quarter earnings calls reveal a few trends likely to inform markets and the economy’s future until well after the coronavirus pandemic ends, according to Goldman Sachs. The three-month period was the first to entirely fall within the pandemic, offering analysts a look at how companies are adapting to the… Read More

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Towering dust devils, ancient dunes, and avalanches: 12 stunning images from NASA’s Mars orbiter on its 15th anniversary

NASA’s Mars Reconnaissance Orbiter has taken nearly 7 million pictures of the red planet since leaving Earth 15 years ago. From dust storms to avalanches, the images reveal details of Mars’ surface and weather patterns. Here are 12 of the most beautiful visuals the orbiter has captured so far. Visit Business Insider’s homepage for more stories. NASA’s Mars Reconnaissance Orbiter left Earth on August 12, 2005 — almost exactly 15 years ago. The satellite began circling the red planet on March 10, 2006, and since then it has studied Martian temperatures, detected minerals on the planet’s surface, and taken nearly 7 million images of our closest planetary neighbor. The orbiter’s… Read More

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Investors should be prepared for inflation, but gold may not provide the right protection, a JPMorgan chief strategist says

David Kelly of JPMorgan Asset Management told Bloomberg that investors should “take inflation seriously.” But the chief global strategist doesn’t believe buying gold is the best strategy to hedge against this looming inflation. Instead, investors should consider real estate, commodities, real assets, and value stocks. Visit Business Insider’s homepage for more stories. David Kelly, JPMorgan Asset Management chief global strategist, told Bloomberg on Friday that investors “should take inflation seriously” given the levels of debt that have built up in the US. He emphasized the US is facing enormous amounts of debt, and said “you can finance that if interest rates are very low, but if inflation begins to come… Read More

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Investors should be prepared for inflation, but gold may not provide the right protection, a JPMorgan chief strategist says

David Kelly of JPMorgan Asset Management told Bloomberg that investors should “take inflation seriously.” But the chief global strategist doesn’t believe buying gold is the best strategy to hedge against this looming inflation. Instead, investors should consider real estate, commodities, real assets, and value stocks. Visit Business Insider’s homepage for more stories. David Kelly, JPMorgan Asset Management chief global strategist, told Bloomberg on Friday that investors “should take inflation seriously” given the levels of debt that have built up in the US. He emphasized the US is facing enormous amounts of debt, and said “you can finance that if interest rates are very low, but if inflation begins to come… Read More

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The Sennheiser HD 660S may be one of the best pairs of headphones I’ve ever listened to at home

Looking to take your first steps into the audiophile world? Then consider the Sennheiser HD 660S your ticket, as the sound they deliver is way beyond most mainstream headphones. Although you can use them with any device equipped with a 3.5mm headphone jack, they greatly benefit from a headphone amp or DAC. Yes, it will increase the overall entry price, but it’s worth it. If you’ve already got an amp or DAC and are looking for a new pair of headphones, there’s a very good reason the Sennheiser HD 660S are so revered: They sound amazing. The $500 retail price may seem expensive, but for the overall quality on offer,… Read More

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The Sennheiser HD 660S may be one of the best pairs of headphones I’ve ever listened to at home

Looking to take your first steps into the audiophile world? Then consider the Sennheiser HD 660S your ticket, as the sound they deliver is way beyond most mainstream headphones. Although you can use them with any device equipped with a 3.5mm headphone jack, they greatly benefit from a headphone amp or DAC. Yes, it will increase the overall entry price, but it’s worth it. If you’ve already got an amp or DAC and are looking for a new pair of headphones, there’s a very good reason the Sennheiser HD 660S are so revered: They sound amazing. The $500 retail price may seem expensive, but for the overall quality on offer,… Read More

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The Drive-Thru: McDonald’s CEO sex scandal, mask mayhem continues, and the invention of ‘leisurée’

Happy Friday! I hope this edition of The Drive-Thru finds you well. If this is your first time receiving the newsletter, welcome to BI Retail’s weekly rundown of everything you need to know over the past week. You can subscribe here to get me, Kate Taylor, and my colleague, Shoshy Ciment in your inbox every Friday. This week started out with a bang, as news broke of allegations against McDonald’s former CEO. Read on for what is going on at the fast-food giant, as well as more stories about the chaos and confusion that engulfed the world of retail this week. McDonald’s sues its ex-CEO over alleged sexual relationships with… Read More

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