Inside the $55 million Manhattan penthouse on the 90th floor

• More than 500 New York City penthouses are likely to sell this year, which would be the largest number since 2007.
• Penthouse 90 at 35 Hudson Yards is one of the most over-the-top coming to market.
• The views are the main attraction for this more than 10,000-square-foot penthouse, which carries a price tag of $54.5 million.

It's the year of the penthouse in Manhattan, with the upper-crust shelling out record prices for the highest floors of the city's luxury towers.

More than 500 New York City penthouses are likely to sell this year, which would be the largest number since 2007, according to the Corcoran Group.

Penthouse 90 at 35 Hudson Yards is one of the most over-the-top building toppers to come to market. It soars above the Hudson Yards development. Listing broker Corcoran calls it a "compound in the sky," boasting more than 10,000 square feet, five bedrooms, 8.5 baths, a 1,000-square-foot great room, gym, media room and 14-foot-high ceilings.

The views are the main attraction. From the 90th floor, one can watch the Hudson River spill into the Atlantic Ocean to the south, see the lights of the George Washington Bridge and the tops of the trees in Central Park to the north and New Jersey's sprawling suburbs to the west.

The building also houses the new Equinox Hotel, Equinox Club and Spa and plenty of restaurants and bars. The price tag: $54.5 million. Watch the video to take a look inside.

Opinion | It Wasn’t Just My Life on That Stage. So Was My Purpose.

By Charles M. Blow

Opinion Columnist

Paltalk Gains 21%, Continuing Uptick

Paltalk, Inc. (PALT) shares are rising more than 21 percent on Monday morning trade continuing a surge since September 23. There were no corporate announcements from the company to impact the stock movement.

Currently, shares are at $5.01, up 24 percent from the previous close of $4.01 on a volume of 12, 423, 710. The shares have traded in a range of $0.67-$5.36 on average volume of 103,220.

Seven-Year Note Auction Attracts Modestly Below Average Demand

Finishing off this week’s series of announcements of the results of its long-term securities auctions, the Treasury Department revealed Tuesday that this month’s auction of $62 billion worth of seven-year notes attracted modestly below average demand.

The seven-year note auction drew a high yield of 1.332 percent and a bid-to-cover ratio of 2.24.

Last month, the Treasury also sold $62 billion worth of seven-year notes, drawing a high yield of 1.155 percent and a bid-to-cover ratio of 2.34.

The bid-to-cover ratio is a measure of demand that indicates the amount of bids for each dollar worth of securities being sold.

The ten previous seven-year note auctions had an average bid-to-cover ratio of 2.29.

On Monday, the Treasury announced the results of this month’s auctions of $60 billion worth of two-year notes and $61 billion worth of five-year notes.

The two-year note auction attracted below average demand, while the five-year note auction attracted average demand.

Orthofix Expects Low-single Digit Revenue Growth In Q3

Orthofix Medical Inc. (OFIX), a Texas-headquartered medical device company, on Wednesday provided a business update for the third quarter. In the context of the recent surge in COVID-19 delta variant cases, the company said it expects revenue growth for the third quarter of 2021 “to be consistent with, or a low single-digit increase” over, third quarter 2020 revenue.

The company noted that the overall elective procedure market has again taken a downward trend as a result of the pandemic. Hospital procedural restrictions, both in the U.S. and internationally have resulted in the company experiencing a higher-than- expected volume of deferred or rescheduled elective procedures. Orthofix, with a focus on improving patient mobility plans to continue to invest particularly in the expansion of its biologics portfolio and the development of innovative new bone growth therapy products.

Shares of Orthofix Medical was last traded at $38.86, down $0.11 or 0.28 percent from previous close.

S.Korea Aug factory output unexpectedly declines from July

SEOUL, Sept 30 (Reuters) – South Korea’s factory output in August unexpectedly declined from a month earlier, but continued to log growth on a year-on-year basis for the 10th straight month helped by strong demand for semiconductors.

Industrial production last month fell by a seasonally adjusted 0.7%, missing a 0.5% gain forecast in a Reuters survey and following 0.2% growth in July.

Output expanded 9.6% on an annual basis, better than 8.2% growth forecast in the poll and a 7.7% expansion in July.

MGM Resorts To Buy Operations Of The Cosmopolitan Of Las Vegas For $1.625 Bln Cash – Quick Facts

Entertainment company MGM Resorts International (MGM) announced Monday that it has entered into a definitive agreement with Blackstone to acquire the operations of The Cosmopolitan of Las Vegas for cash consideration of $1.625 billion, subject to customary working capital adjustments.

The transaction advances MGM Resorts’ vision to be the world’s premier gaming entertainment company. It also expects significant synergies and strategic value in adding The Cosmopolitan to the MGM Resorts portfolio.

Following the close of the transaction, MGM Resorts will enter into a 30-year lease agreement, with three 10-year renewal options, with a partnership among Stonepeak Partners, Cherng Family Trust and Blackstone Real Estate Income Trust, Inc., which will acquire The Cosmopolitan’s real estate assets.

MGM Resorts will pay an initial annual rent of $200 million, escalating annually at 2% for the first 15 years and the greater of 2% or the CPI increase (capped at 3%) thereafter.

The transaction is expected to close in the first half of 2022, subject to regulatory approvals and other customary closing conditions.