An exchange-traded fund tracking companies that have merged with SPACs is down about 30% for the year, a much sharper drop than the broader market.

The Securities and Exchange Commission estimates the plan will raise the cost to businesses to comply with its disclosure rules from $3.9 billion to $10.2 billion. The leap in expense equates to an ongoing additional cost of $420,000 a year on average for a publicly listed small company and $530,000 a year for a bigger firm, the SEC said.

A union representing hotel housekeepers is asking guests to request daily room cleaning as a way to secure housekeepers’ jobs and ease strain

Traders’ flight from risky investments has halved the price of bitcoin and other cryptocurrencies, wiping out more than $1 trillion worth of digital money since November. Bitcoin and Ethereum are down 60% from their highs.

Brookfield is set to acquire Watermark Lodging Trust in a $3.8-billion all-cash transaction, which includes 25 properties, including five Ritz-Carlton hotels.

U.S. consumer inflation eased in April to an 8.3% annual rate marked the first decline in eight months, down from an 8.5% annual rate in March.

Apartment rents have soared 58% in the Miami area over the past two years.

In fiscal year 2021, the IRS paid $3.3 billion in interest to tax filers, more than triple what it paid in 2015. For the fiscal year that started in October, refund interest payments through March are down 11% but still well above 2019 levels.

U.S. hotel gross operating profit per available room reached its highest level since November 2019. The GOPPAR of $83.81 was less than $10 shy of reaching the pre-pandemic comparable from March 2019.

The sale of nonfungible tokens fell to a daily average of about 19,000 this week, a 92% decline from a peak of about 225,000 in September. The number of active wallets in the NFT market fell 88% to about 14,000 last week from a high of 119,000 in November.