Inflation and high fuel prices are also taking a toll on consumer confidence with an index of consumer sentiment dropping again in June to its lowest point since the inception of the survey in the late 1940s.

Retail property transaction volume in the U.S. surged last year to nearly $82 billion, a 24% increase from 2019. The enthusiasm continued in the first quarter of this year, with transaction volume hitting $25 billion by April 30, an 82% increase over the same period in 2021.

Prologis Inc. is buying Duke Realty Corp. in a deal valued at $26 billion, including the assumption of debt.

Choice Hotels International, Inc. has entered into a definitive agreement to acquire the franchise business, operations and intellectual property of Radisson Hotel Group Americas for approximately $675 million.

The total value of commercial property sales in April was $39.4 billion. That was the lowest amount since February of 2021.

A group led by billionaire Walmart heir Rob Walton has agreed to purchase the Denver Broncos for $4.65 billion in a record-breaking transaction. The sale, which is still pending league approval, is far and away the richest ever for a North American sports team and doubles the high price for sales of NFL teams, which was previously about $2.3 billion.

Individual income tax collections are poised to reach $2.6 trillion, or 10.6% of the economy in the fiscal year that ends Sept. 30. That is up from 9.1% in 2021 and would mark a record in the 109-year history of the tax, topping the war-tax receipts of 1944 and the dot-com boom of 2000.

U.S. households boosted spending for a fourth straight month in April, but the rate at which they were setting aside savings fell to its lowest point in 14 years.

The national average price for a gallon of regular unleaded gas hit $4.62 as of Memorial Day, $1.58 higher than a year earlier and about 12% above the pre-2022 high of $4.11 set in 2008.

Eight of the 10 major cities with the biggest drop in office occupancy during the pandemic had an average one-way commute of more than 30 minutes. Meanwhile, six of the 10 cities with the smallest drop in office occupancy have average commutes of less than 30 minutes.