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SI Resorts
October 4, 2023
Featured

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.

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Office Vacancy
October 3, 2023
Featured

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

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Apartment Starts
October 2, 2023
Featured

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.

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Personal Savings Rates
September 28, 2023
Economy

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%.

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Leveraged Loans
September 27, 2023
Economy

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.

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China v U.S.
September 25, 2023
Featured

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.

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Return to Office
September 22, 2023
Economy

TikTok introduced its MyRTO — or my return to office — app this month. It’s part of TikTok’s latest mandate requiring its U.S. workforce to commute to a physical office at least three times a week with some workers expected for a full five-day workweek.

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Debt and Deficit
September 21, 2023
Economy

Federal debt held by the public now stands at 95% of gross domestic product, up from 80% at the start of 2020, and federal deficits are now 6% of GDP and projected to keep rising, from under 5% before the pandemic.

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