Americans age 65 and up accounted for 22% of spending last year, the highest share since records began in 1972 and up from 15% in 2010.

Luxury retailers have leased 650,000 square feet of new space in the U.S. over the past 12 months, up from roughly 250,000 square feet the prior year.

Kituwah, the business entity of the Eastern Band of Cherokee Indians, brings a capital commitment of $320 million to expand the Sports Illustrated Resorts brand.

The national office average vacancy rose to 19.2% last quarter, just below the historical peak of 19.3% in 1991.

Apartment building starts fell to a seasonally adjusted annual rate of 334,000 units in August, marking a 41% decline from the pace seen the same month a year prior.

The typical credit card carried a 20.7% interest rate in May, up from 14.6% in February 2022.

In April of 2020 it surged to 33.8%, which compared with 8.8% over the course of 2019. It stayed elevated throughout 2020 and most of 2021, but last year it was just 3.5%. This year it has only been a bit better, averaging 4.3%.

Nearly $270 billion of leveraged loans carry weak credit profiles and are potentially at risk of default. Conditions have deteriorated as the Fed has raised rates, beginning to show signs of stress not seen since the onset of the Covid-19 pandemic. Excluding a 2020 spike, the default rate for the past 12 months is the highest since 2014.

Commercial real-estate insurance costs have risen 7.6% annually on average since 2017.

Nearly 24% of the office-tower space in 18 major Chinese cities was unoccupied as of June. That is worse than the U.S., where office vacancy rates hit a 30-year-high of 18.2% in June.