Nasdaq, long associated with its prime Times Square location, will open its first regional headquarters in Dallas. It’s the latest push by a New York institution into Texas, which is trying to unseat the Northeast as the epicenter of U.S. business.
The federal government is the country’s largest land owner, controlling 650 million acres, or more than a quarter of all U.S. land.
The small-business optimism index fell in February but remained above average. Uncertainty, however, rose to the second-highest level on record.
American consumers’ spending on the luxury market, which includes high-end department stores and online platforms, fell 9.3% in February from a year earlier, worse than the 5.9% decline in January.
As of the fourth quarter of 2024, the average household’s credit-card debt surpassed $10,000, adjusted for inflation, for the first time since 2009.
Total global real-estate fundraising by private-equity firms that invest in real estate was $10 billion in the fourth quarter of last year, a five-year low.
Blackstone closed this week on an $8 billion commercial real-estate debt fund, matching the record for this type of investment vehicle and offering another sign of a property-market rebound.
Among 569 data-center facilities in markets across the Americas, the vacancy rate stood at 4.9% at the end of 2024, and 83% of upcoming capacity is already preleased. In the second half of 2024, North American markets reached 20 gigawatts of operational capacity, with 1.5 GWs added in the second half specifically. That brought the total capacity added in 2024 to 3.2 GWs.
Some 4.8% of 401(k) account holders took early withdrawals last year for reasons such as preventing foreclosure and paying medical bills. That is a record high, up from a prior record of 3.6% in 2023 and a prepandemic average of about 2%.
