Choice Hotels is abandoning its hostile $8 billion takeover bid for Wyndham Hotels & Resorts.

A record share of 401(k) account holders took early withdrawals from their accounts last year for financial emergencies. Overall, 3.6% of plan participants did so last year, up from 2.8% in 2022 and a prepandemic average of about 2%.

The equal-weighted S&P 500, which measures each company equally rather than by its market capitalization, rose to a record this past week. Almost one-fifth of the stocks in the index hit new 52-week highs on a recent day, the largest share since May 2021.

U.S. cities added more than 2,900 buildings with more than 200 apartment units between the years 2021 and 2023. That is 17% more than were built from 2018 to 2020. It also outpaced the increase in the number of smaller properties of at least 50 units.

Stocks have switched from moving in the exact opposite direction to Treasury yields in the second half of last year, both as yields soared to a peak of 5% on the 10-year note and as they came back down, to having a slight tendency to rise and fall in line with yields.

Powell said that rate cuts won’t be warranted until officials have “gained greater confidence that inflation is moving sustainably” toward the central bank’s 2% goal.

U.S. RevPAR is forecast to increase by 2.6% to $100.50 in 2024, driven by ADR growth of 3.1% to $160.50 while occupancy declines 0.5% to 62.6%.

In January, prices for food eaten away from home were up 30% compared with the same month in 2019. Restaurants’ food bills have stopped their pandemic-era surge, but payroll costs are still climbing.

The first batch of more than 25,000 letters will go out to taxpayers with more than $1 million in income, followed by more than 100,000 letters to people with incomes between $400,000 and $1 million. The notice says to file your return immediately or to explain either why you are late or don’t have to file.

“Rest and relaxation” jumped ahead of having “a fun time” and spending “time with immediate family” as the main motivator for leisure travel.