Money

The Adidas office club transforning Manhattan buildings

Published

3 years ago

July 24, 2023

Adidas is spending big to transform unused office space in iconic areas into top-tier training clubs.

The sprawling Starrett-Lehigh Building on the West Side is embracing the fitness trend with the upcoming launch of the Adidas-branded 601 Athletic Club, spanning an impressive 15,000 square feet.

The new facility will be added to the existing 100,000 square feet of tenant and public amenities, which already include Marcus Samuelson’s renowned restaurant, Hav + Mar, the recently opened Olly Olly Food Hall, and a public art and event space that recently hosted a Basquiat exhibition.

The 601 Athletic Club will be equipped with top-of-the-line Peloton equipment and will offer exclusive programming, including yoga and pilates classes, a walking club, and “no-cooking” cooking classes.

As part of the Starrett-Lehigh Building, a 1931 landmark featuring a stunning industrial-modernist design, the addition of the 601 Athletic Club enhances its allure as one of the city’s largest commercial buildings, encompassing an impressive 2.3 million square feet.

Among its prominent office tenants are Ralph Lauren, McGarry Bowen, Fashionphile, and Wheels Up. Currently 73% leased with additional deals in the pipeline, the building’s success under RXR’s ownership since 2011 has seen asking rents rise significantly from $30 to $70 per square foot.

Money

S&P 500 dips as tech stocks struggle with AMD leading losses

S&P 500 declines as tech stocks sell off; AMD plummets, Microsoft stable, investors eye Alphabet’s upcoming earnings report.

Published

9 hours ago

February 5, 2026

Harvey Vargas

S&P 500 declines as tech stocks sell off; AMD plummets, Microsoft stable, investors eye Alphabet’s upcoming earnings report.

The S&P 500 fell as technology stocks faced intense selling pressure, dragging the broader market lower. AMD shares were particularly hard hit, falling 17% after its first-quarter forecast disappointed analysts.

Software names including Oracle and CrowdStrike also struggled, although Microsoft found some stability amid the sell-off.

Investors are now focused on Alphabet, which is set to report earnings after the bell Wednesday.

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Money

AI rattles finance stocks as markets react to disruption fears

AI sparks uncertainty in financial markets, causing sell-offs; leaders see potential, but investor nerves grow amid volatility.

Published

10 hours ago

February 5, 2026

Harvey Vargas

AI sparks uncertainty in financial markets, causing sell-offs; leaders see potential, but investor nerves grow amid volatility.

Artificial intelligence is being seen as a growing threat to the financial services sector, with markets reacting fast. Several financial firms suffered sharp share price drops after Anthropic unveiled new AI tools, sparking fears of widespread disruption across data, analytics and market infrastructure.

The selloff quickly spread beyond financial services, hitting software and outsourcing companies as investors questioned the future of jobs and professional roles in an AI-driven economy. The volatility reflects deep uncertainty over how quickly AI could reshape entire industries.

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Money

AI funding surge: How Nvidia and Oracle are reshaping capital markets

AI infrastructure revolutionizes capital raising, with Nvidia, OpenAI, and Oracle leading; explore funding shifts and future impacts.

Published

1 day ago

February 4, 2026

Harvey Vargas

AI infrastructure revolutionizes capital raising, with Nvidia, OpenAI, and Oracle leading; explore funding shifts and future impacts.

The AI infrastructure boom is transforming how companies raise capital, with Nvidia and OpenAI leading the charge. Explore the shifts in funding frameworks and what they mean for the future of AI investment.

Oracle is aiming to raise $45 to $50 billion, signalling confidence in the growing AI market. We break down how e

Equity issuance, bond deals, and circular financing are influencing long-term infrastructure development.

Despite rapid growth in AI usage, monetisation challenges remain beyond 2027.

Brad Gastwirth from Circular Technologies explains why financing won’t be a bottleneck and what traditional structures mean for the evolving AI landscape.

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