There are about 1.1 million adults ages 50 and older living with a sibling representing about 1.6% of that age group in 2022, up from about 1.3% in 2012. There are also about 1.9 million adults ages 18 to 29 living with a sibling, about 3.6% of that cohort.

New York City lawmakers are proposing a bill that would walk back some restrictions on hosts of Airbnb properties and other short-term rentals. If enacted, the bill could meaningfully boost listings, which dwindled to about 3,700 last month, compared with nearly 23,000 in January 2023.

The dollar still accounts for 58% of global foreign exchange reserves, 54% of export invoicing, and 88% of foreign exchange transactions.

Wells Fargo will sell its headquarters office at 420 Montgomery St. in San Francisco’s Financial District. The sale would cement a yearslong shift by Wells Fargo away from San Francisco, with its senior leadership now largely based in New York or Charlotte, N.C.

For 2024, U.S. RevPAR is expected to increase by 1.4% to $99.57, driven by ADR growth of 1.6% to $158.53 while occupancy declines 0.3% to 62.8%. The forecast for 2025 U.S. RevPAR projects an increase of 2.7% to $102.29, driven by ADR growth of 2.7% to $162.85 while occupancy remains at 62.8%.

NAV loans experienced a 30% compound annual growth between 2019 and 2023, a market that amounted to about $100 billion in 2022 but poised to reach $600 billion by 2030. These loans usually pay an interest rate of above 10% and, while subordinated to the debt of the companies in the private-equity portfolio, have relatively safe loan-to-value ratios of between 10% and 25%.

The U.S. federal government spent $6.75 trillion in the most recent fiscal year ended Sept. 30. Walk around town handing $20,000 to everyone you see. Now do that for the entire U.S. population, all 337 million of us. That is about how much the U.S. spent.

The 71 million square feet of conversions that are planned or under way only account for 1.7% of U.S. office inventory.

Americans bought $300 billion in retail goods online last quarter, with e-commerce accounting for 16.2% of all retail sales. That proportion is nearly back to peak levels in 2020, when many stores were closed.

The four-quarter moving sum of the percentage of balances becoming 30-plus-days past due fell 0.26 percentage point from the second quarter to the third, to 8.79%. Early data show the trend continuing into the fourth quarter.