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Read More »Bloomin ‘Brands CEO Says His Beef, Seafood Costs Are Actually Falling
The CEO of Bloomin ‘Brands, the parent company of restaurant chains like Outback Steakhouse and Bonefish Grill, told CNBC on Friday that it is not experiencing an increase in food costs, but that the costs of beef and Seafood “has been an opportunity” during the pandemic. “There was some concern …
Read More »Mortgage rates have just reached another record low
Blake Nissen | The Boston Globe via Getty Images If there’s a head start on all the pandemic-induced uncertainty in the economy, it’s the bottom-line mortgage rate bond for home owners and buyers. The average rate on the popular 30-year fixed has just dropped to another all-time low: 2.87%, according …
Read More »Neiman Marcus in bankruptcy to vacate Hudson Yards in New York
The exterior of The Shops at Hudson Yards, where Neiman Marcus is the anchor department store. Source: Related costs. It’s hardly been a year since the lucky guests danced the night away and drank champagne at the new Neiman Marcus department store in Manhattan, with the opening party featuring a …
Read More »Home prices in Hamptons hit record as wealthy New Yorkers flee
An oceanfront residence is seen in East Hampton, New York. Jeffrey Basinger | Reuters According to a new report, home prices in the Hamptons hit new records as wealthy New Yorkers fled the city’s Covid-19 trouble over the beach. According to a report by Miller Samuel and Douglas Elliman, the …
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