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Unibail
April 7, 2022
Featured

Europe’s largest mall operator Unibail-Rodamco-Westfield SE wants to shed most of its U.S. properties by the end of 2023, bracing for a potentially sizable loss after it paid about $14 billion four years ago for some of the country’s top-performing malls.

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Wage Gains
April 6, 2022
Economy

Average hourly earnings were up a seasonally adjusted 0.4% in March, following February’s relatively weak 0.1% rise. In the previous six months, by contrast, monthly wage gains averaged 0.5%.

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Hospitality Employment
April 5, 2022
Featured

For every 10 jobs that exist in leisure and hospitality, there’s a job opening with hotel employment in the U.S. 20% below where it was pre-pandemic.

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New Vehicles
April 4, 2022
Economy

Drivers are snatching up available vehicles as soon as they hit the lot. In the first quarter, 41% of all new vehicles were sold within the first week of sitting on a dealer lot, compared with 20% in the first quarter of 2021.

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Dow Drop
April 1, 2022
Economy

The Dow dropped about 550 points, wrapping up stocks’ worst quarter in two years as investors juggled war, inflation and rising interest rates.

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4% Mortgages
March 31, 2022
Featured

The average mortgage rate on a 30-year home loan surged past 4% for the first time in three years in March.

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401(k) Withdrawals
March 30, 2022
Economy

About 80% of people subject to mandatory retirement account distributions withdraw more than the required minimum because they need the money.

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Corporate Travel
March 29, 2022
Featured

Big corporate travel-management companies are hovering around 50% of 2019 booking levels, much of which is due to the lack of international travel.

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Inflation
March 25, 2022
Economy

The Wharton School of the University of Pennsylvania estimates that last year’s inflation required the average household to spend around $3,500 more to achieve the same level of consumption of goods and services as in 2019 or 2020.

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