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Home Prices Decline
February 1, 2023
Featured

Home prices declined in November from the prior month as higher mortgage-interest rates made home purchases less affordable for home buyers. The National Home Price Index fell 0.6% in November compared with October, the fifth straight month-over-month decline.

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Field & Stream Hotels
January 31, 2023
Featured

Field & Stream Lodge Co. will operate hotels around national parks, woods, ski mountains, lakes and desert land across the U.S. It is aimed at families and outdoor enthusiasts. Starwood Capital Group and AJ Capital Partners say they are targeting 125 U.S. markets.

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Small-Cap Performance
January 30, 2023
Economy

Over the past 96 years, the returns for small-capitalization stocks starting in May of a midterm year through the same October averaged negative 2.3%. The return over the following six months has been positive 19.2%.

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RevPAR Recovery
January 27, 2023
Featured

The latest forecast for the U.S. hotel industry indicates that real, inflation-adjusted revenue per available room will not fully recover until 2025, despite RevPAR on a nominal basis recovering to pre-pandemic levels in 2022.

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Work Hours
January 26, 2023
Economy

The top-earning 10% of men in the U.S. labor market logged 77 fewer work hours in 2022, on average, than those in the same earnings group in 2019. That translates to 1.5 hours less time on the job each workweek, or a 3% reduction in hours. Over the same three-year period, the top-earning 10% of women cut back time at work by 29 hours, which translates to about half an hour less work each week, or a 1% reduction.

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Money-Market Inflows
January 25, 2023
Economy

Investors have added about $135 billion to global money-market funds over the past four weeks. That is the best stretch since the four-week period ended May 2020, when those funds logged roughly $175 billion in net inflows.

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Business Travel
January 24, 2023
Featured

In the third quarter this past year, business travel reached 71% of prepandemic levels. That is up from 35% during the same quarter in 2021. Small and medium-size businesses are driving the recovery with transactions by this segment reaching 80% of prepandemic levels in the third quarter.

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Banks New Payment Wallet
January 23, 2023
Economy

Big banks are teaming up to launch a digital wallet that will allow shoppers to pay at merchants’ online checkout with a wallet that will be linked to their debit and credit cards. The digital wallet will be managed by Early Warning Services, the bank-owned company that operates money-transfer service Zelle will operate separately from Zelle.

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SPACs
January 20, 2023
Economy

The average announced SPAC merger value has fallen to about $200 million so far in January, down from more than $2 billion for much of 2021 during the sector’s peak.

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Hedge Fund Performance
January 19, 2023
Economy

For the first time since 2018, larger hedge funds outperformed smaller hedge funds. HFRI Fund Weighted Composite Index, which gives equal weight to funds of all sizes, fell -4.25% in 2022, while the HFRI Asset Weighted Composite Index, which gives more weighting to the larger funds, rose: 0.97%.

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