Modern Land (China), Co. a 21-year-old developer that focuses on green projects, failed to repay a $250 million dollar bond that matured Monday, adding to a string of missed payments by Chinese real-estate companies.

Federal Reserve officials are set to wind down their $120 billion-a-month bond-purchase program in November.

China Evergrande Group made an overdue interest payment of $83.5 million to international bondholders in an unexpected move that allows the property company to stave off a default on about $2.03 billion of dollar bonds.

The American Hotel and Lodging Association estimates the industry lost $49 billion in business-travel revenue in 2020 compared with 2019. It’s also on pace to finish with $10 billion less in business-travel revenue this year compared with 2020.

Apollo Global Management Inc. said it expects its assets under management to double to about $1 trillion by 2026.

Credit-card spending at restaurants and retailers excluding gasoline stations rose 1.5% between August and September. In particular, spending at restaurants and bars rose 2.3%, the data showed, suggesting that customers didn’t let the Delta variant hold them back.

Eviction filings in court were up 8.7% in September from August. But the rate is still low on a historic basis, and, at 36,796 filings, it is roughly half the average September rate pre-pandemic.

U.S. inflation accelerated slightly in September, rising 5.4% from a year before as supplies and labor continued to drive up prices.

The number of workers returning to traditional office space has been edging higher since the week of Labor Day, when an average of 31% of the workforce was back in 10 major cities. The average hit 36% during the week that ended Oct. 8, a new high during the pandemic period.

Hotel data and analytics firm STR is projecting that about 1 billion U.S. hotel rooms will be booked this year, up from 829 million in 2020, but still below the record year of 2019, when guests booked 1.3 billion rooms.