Investors of all sizes spent billions of dollars buying homes during the pandemic. At the 2022 peak, they bought more than one in every four single-family homes sold, though more recently their activity has slowed as interest rates rose and supply became tighter.

According to the latest report of the U.S. hotel construction pipeline trend report, there are 6,065 projects with 702,990 rooms in the pipeline, representing a 9% YOY and 7% YOY increase in projects and rooms, respectively. Across the country, there are 1,144 projects comprising 141,336 rooms under construction, marking a 9% increase in projects and a 1% increase in rooms YOY.

The number of high-paying remote jobs commanding a salary of $100,000 or more dropped 33% across the first quarter of the year compared to the final three months of 2023, with more companies now demanding that workers with higher salaries report to the office.

Investors have pulled a net $2.2 billion from ARK’s active funds this year, topping outflows from all of 2023.

Blackstone Inc.’s Strategic Partners unit sold a $1.1 billion portfolio of private equity fund interests to Ares Management Corp.

The 168.4 million square feet of office space for sublease in the first quarter was down slightly from the fourth-quarter 2023 peak but up almost threefold from early 2019.

Analysts estimate that pensions will unload $325 billion in stocks this year, up from $191 billion in 2023.

Fed Chair Jerome Powell said the U.S. economy has not seen inflation come back to the central bank’s goal, pointing to the further unlikelihood that interest rate cuts are in the offing anytime soon.

Blackstone led a roughly $2 billion financing package to Park Place Technologies to refinance the company’s debt and to fund a payout to its private equity owners. The proceeds will be used to refinance a $845 million first-lien loan that was initially provided by banks and syndicated to institutional investors, as well as a privately placed $230 million second-lien loan.

Hotels are projected to pay a record high total of wages, salaries and compensation in 2024—$123.4 billion compared to $118 billion in 2023.