Nordstrom’s report reinforces how decades-high inflation is impacting shoppers—and in turn retailers—differently. Companies that cater to the highest and lowest ends of the income spectrum are holding up better than those that rely on middle-class...

Lower consumer spending and inflation will test the resiliency of the industrial sector, reports The New York Times. Brookfield, Intel sign a multi-billion agreement to finance the building of chip factories, according to The Wall Street Journal...

The new space is a reduction from the roughly 800,000 square feet that KPMG currently leases across three towers in Midtown. The firm plans to leave those buildings.

Over 1,800 companies re-shored production in 2021, setting a new record for re-shoring activity, notes The Reshoring Initiative. These companies are looking for logistics facilities, warehouses and distribution sites.