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Credit Card Fees
March 8, 2022
Featured

U.S. merchants paid card issuers an estimated $55.4 billion in Visa and Mastercard credit-card interchange fees in 2021, more than double the amount in 2012.

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Employment
March 7, 2022
Economy

Employers added 678,000 workers to their payrolls in February, the biggest gain in seven months. The jobless rate fell to 3.8% from 4.0% a month earlier, edging closer to the 50-year low of 3.5% hit just before the pandemic.

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Commodity Inflation
March 4, 2022
Economy

Wheat has surge to its highest level since 2008. Corn prices have jumped around 25% so far this year touching their highest levels since March 2013. Aluminum and nickel have jumped to their highest levels in over a decade.

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Ultra Luxury
March 3, 2022
Featured

More than 2,300 homes at the $10 million-plus price point sold last year among 30 major luxury housing markets in the U.S., a 111.6% increase from 2020.

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Rate Increase
March 2, 2022
Economy

Federal Reserve Chairman Jerome Powell said a rate increase would be appropriate in March, and it’s too soon to tell how the war in Ukraine will affect the U.S.

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Reappraisals
February 28, 2022
Featured

A reappraisal analysis found a collective reduction of $9.03 billion in value among 719 commercial properties reappraised since the pandemic, all of which are facing some form of distress.

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Oil Prices
February 25, 2022
Economy

Brent crude, the international oil benchmark, traded above $100 per barrel Thursday morning. Futures for West Texas Intermediate, the main grade of U.S. crude, topped $96 per barrel late Wednesday, putting them up 28% this year and 52% over the past 12 months, now at its highest level since 2014.

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Working Remote
February 24, 2022
Economy

New research shows office reluctance is less about Covid-19 and more about convenience. As of this month, 61% of U.S. workers who telecommute most of the time are doing so by choice. Among this group, more than three-quarters simply said they prefer working from home.

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Extended Stay
February 23, 2022
Featured

For 2021, extended stay chains ran at an average occupancy of 73%, as other business-oriented hotels recovered much slower averaging less than 60% occupancy.

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SoFi Technisys
February 22, 2022
Economy

SoFi is buying banking-software firm Technisys for about $1.1 billion, the latest in a string of deals designed to turn the lender into a one-stop financial shop.

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