Monday, November 29, 2021

Business Report: Top economist warns conditions are ripe for 1970s-style ‘stagflation’

November 29, 2021: Manhattan skyscraper snags its own builder as a tenant
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Top economist warns conditions are ripe for 1970s-style 'stagflation'
Economist Mohamed El-Erian warned that the new coronavirus variant Omicron could shake up the markets, exacerbate supply chain woes, amplify record-high inflation pressures.
Manhattan skyscraper snags its own builder as a tenant
The Spiral is adding a large new tenant who won't have to ask where the elevators and the bathrooms are when it moves in.
Crypto firms pay massive price tags to name arenas as sports teams weigh risks
Cryptocurrency companies are being forced to shell out massive premiums in sports sponsorship deals as professional teams weigh the risks of getting burned — like…
Black Friday crowds return, but discounts are not what they used to be
Despite fewer juicy deals, Black Friday shoppers dutifully opened their wallets, and for the first time ever, online sales fell as crowds returned to stores.

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Peloton sues Lululemon in battle over bras and leggings
Pelotonhas sued Lululemon after the athletic apparel maker threatened its own lawsuit overthe exercise bike company's new apparel line. The lawsuit was filed in Manhattan…
Old Spice, Secret deodorant sprays recalled over cancer-causing chemical
Proctor & Gamble said it is voluntarily recalling certain Old Spice and Secret aerosol anti-perspirant sprays due to the presence of a cancer-causing chemical. The…
China reportedly pressuring Didi to delist from NYSE
Chinese regulators have pressed top executives of ride hailing giantDidito devise a plan to delist from the New York Stock Exchange due to concerns about…

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