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Skyscrapers Rising Next to Vacant Towers Mark New City of London
May 19 2021, 8:12 PM
May 19 2021, 9:31 AM
May 19 2021, 8:12 PM
(Bloomberg) When the Gherkin tower opened 17 years ago, its skyline-defining silhouette heralded a new era in the low-rise City of London. Now, a spate of new planned skyscrapers threaten to erase it from view and from relevance.
(Bloomberg) When the Gherkin tower opened 17 years ago, its skyline-defining silhouette heralded a new era in the low-rise City of London. Now, a spate of new planned skyscrapers threaten to erase it from view and from relevance.
As one of the Gherkinâs main residents weighs a move, even iconic buildings risk struggling to keep or replace tenants in Londonâs premier financial district. While the pandemic is emptying City offices at the fastest pace in more than a decade, it hasnât slowed the coming wave of towers. That carries a warning for landlords: if there is a return to the office, it wonât be to d
Stocks Notch Best Day in 10 Weeks, Nasdaq Up 2.5%: Markets Wrap
Bloomberg 2/1/2021 Rita Nazareth and Vildana Hajric
(Bloomberg) Stocks had their biggest rally in about 10 weeks as several strategists said the recent explosion of speculative buying won’t derail the bull market in equities.
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In a broad-based advance led by retailers and tech companies, the S&P 500 rebounded from last week’s rout as the Nasdaq 100 jumped 2.5%. Amazon.com Inc. and Google’s parent Alphabet Inc., which are set to report earnings Tuesday, climbed at least 3.6%. Tesla Inc. soared after an analyst more than doubled his price target on the electric-car maker, saying “fireworks aren’t over.” GameStop Corp. tumbled as bearish investors appeared to cover their positions while retail traders flocked to other corners of the market. Silver climbed to an almost eight-year high.
Stocks had their biggest rally in about 10 weeks as several strategists said the recent explosion of speculative buying won’t derail the bull market in equities.