CNN BUSINESS | Commercial real estate is in trouble. Why you should be paying attention

New York (CNN) — Economists are growing concerned about the $20 trillion commercial real estate (CRE) industry.

After decades of thriving growth bolstered by low interest rates and easy credit, commercial real estate has hit a wall.

Office and retail property valuations have been falling since the pandemic brought about lower occupancy rates and changes in where people work and how they shop. The Fed’s efforts to fight inflation by raising interest rates have also hurt the credit-dependent industry.  –read more–

CNN BUSINESS | US offices sit half-empty. That’s making investors nervous about a downturn in the $20 trillion US commercial real estate market

London (CNN) — From Dallas and Minneapolis to New York and Los Angeles, offices sit vacant or underused, showing the staying power of the work-from-home era. But clear desks and quiet break rooms aren’t just a headache for bosses eager to gather teams in person.  –read more–

Stuttcars Cars | Why It’s The Best Classic Porsche That Isn’t A 911

Let’s face it, the Porsche 911 was the most successful model produced by Porsche in the 20th century, and it is only in recent years that it has started to be outsold by the Macan, the Cayenne, and the Taycan. But many who are not wise in the ways of the car company from Stuttgart seem to forget that there have always been other models made by Porsche, especially in the early years of the company.

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CNN | JPMorgan CEO Jamie Dimon says banking crisis has increased odds of recession: CNN exclusive

New York (CNN) – The banking crisis caused by the recent collapse of Silicon Valley Bank and Signature Bank has increased the odds of a US recession, JPMorgan Chase CEO Jamie Dimon told CNN’s Poppy Harlow in an exclusive interview on Thursday.  –read more–

CNN Business | VW recalls 140,000 SUVs due to faulty passenger-side airbags, owners told not to let anyone ride shotgun

Volkswagen is recalling 143,000 of its big Atlas SUVs in the US because a faulty sensor on the front passenger side can switch the airbag system off under certain conditions. Until the issue can be corrected, VW is advising owners to avoid letting people ride in that seat.

The problem is “sporadic,” according to documents VW filed with the National Highway Traffic Safety Administration, which oversees vehicle recalls. –read more–

Max Verstappen claimed victory during a wild and action-packed Australian Grand Prix, overcoming battles with the Mercedes drivers, several Safety Cars and three red flags to lead home Lewis Hamilton and Fernando Alonso.

Verstappen lost out to both George Russell and Hamilton at the original race start, before the Safety Car made two appearances in quick succession due to Charles Leclerc retiring from a collision with Lance Stroll and Alex Albon crashing out heavily.  –read more–

F1 | What tyres will the teams and drivers have for the 2023 Australian Grand Prix?

Pirelli have announced which tyres they will be bringing to this weekend’s Australian Grand Prix – matching the choice of compounds seen last time out in Jeddah.

F1’s official tyre suppliers have six slick compounds in their range, as opposed to the five from last year, covering the softest C5 tyre to the hardest C0, after a product expansion over the winter.  –read more–

F1 | Perez fends off Verstappen to win action-packed Saudi Arabian GP as Alonso takes 100th podium

Sergio Perez converted pole position into victory at the Saudi Arabian Grand Prix as team mate Max Verstappen recovered from P15 to make it successive one-two finishes for Red Bull. Fernando Alonso put his Aston Martin on the podium again with a fine drive, before being stripped of P3 and then having it reinstated after a stewards’ review.

Perez overcame an attack from Alonso at the start, a nervy Safety Car period and Verstappen’s charge from the midfield to make up for the potential win he lost at the Jeddah Corniche Circuit a year ago – kick-starting his 2023 championship hopes in the process.  –read more–

F1 | What tyres will the teams and drivers have for the 2023 Saudi Arabian Grand Prix?

Formula 1 travels from Bahrain to Saudi Arabia this week, with Pirelli going a step softer in their tyre compound choices for the second round of the 2023 season at the Jeddah Corniche Circuit.

This year, Pirelli have six slick compounds in their range, covering the softest C5 tyre to the hardest C0, following a product expansion over the winter.  –read more–

CNN style Fashion | Best red carpet fashion at the 2023 Oscars

The 95th Academy Awards delivered a lesson in understated glamour on Sunday, with restrained colors and elegant silhouettes dominating the evening’s fashion.

In a break with tradition, the Oscars red carpet turned champagne-colored for the night — and many stars followed suit by arriving at LA’s Dolby Theatre in an array of lighter tones. Among an abundance of white gowns were Emily Blunt’s figure-hugging Valentino design and Michelle Williams’ strapless Chanel Couture dress, which featured a sheer overlay embroidered with crystals.  –read more–