Sunday Summary: Retail's Big Theft Problem – Commercial Observer
We didn't default on the debt, but office REITs were downgraded, shoplifting and organized theft was a problem and Miami is not so hot.
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We didn't default on the debt, but office REITs were downgraded, shoplifting and organized theft was a problem and Miami is not so hot.
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Shares of large and mid-sized US banks sharply underperformed the broader market on Wednesday with the S&P 500 Banks Index closing down 2.0% while the benchmark S&P 500 Index fell 0.6% with worries about commercial real estate loans in focus among bank investors
WHAT IF WE BEGAN the story of digital art not with a screen but with a canvas? In the first room of the exhibition “Coded: Art Enters the Computer Age, 1952–1982” at the Los Angeles County Museum of Art, visitors are confronted by I.B.M. Disc Pack, a large grisaille painting of six thin, industrial-looking disks stacked on a spindle. As the title indicates, this 1965 work by Lowell Nesbitt—which evidences Pop art’s fascination with commodity fetishism while anticipating the sometimes frigid Photorealism of the 1970s—offers a close-up view of the spinning magnetic hard disks IBM inv...
Shares of large and mid-sized U.S. banks sharply underperformed the broader market on Wednesday with the S&P 500 Banks Index closing down 2.0% while the benchmark S&P 500 Index fell 0.6% with... | May 31, 2023