Hybrid work has put office building owners in a bind and could pose a risk to banks. Landlords are now confronting the fact that some of their office buildings have become obsolete, if not worthless. Here is a direct video link.
See more in Why Tech Companies Keep Laying People Off.
Some illuminating facts on the ground in this segment.
Starwood Capital Group CEO Barry Sternlicht says regional banks have a “giant skeleton in the closet” when it comes to real estate loans. Speaking on Bloomberg Television, Sternlicht also discusses the state of the real estate market and his support for presidential candidate Nikki Haley. Here is a direct video link.
See more on the broader implications in The time bomb lurking in all those empty office buildings.
Danielle was a guest with Jim Goddard on This Week in Money, talking about recent developments in the world economy and markets. You can listen to an audio clip of the segment here starting at 8:59 on the playbar.
Nvidia $NVDA vs Intel $INTC: 2014 to today pic.twitter.com/NqUFZpQMjE
— Evan (@StockMKTNewz) February 24, 2024
