Harley-Davidson last week said its credit loss rate rose to 3.2% in the first quarter, up from its typical rate of about 2%.

Active funds still make up a sliver of the roughly $7 trillion ETF market—less than 6% of total assets—but have attracted about 30% of the total flows to ETFs so far this year. That follows a banner year for active ETFs in 2022, when they gathered roughly 14% of total flows. Analysts say the outsize flows reflect greater interest in active management amid turbulent markets as well as the ease with which they allow investors to more easily trade specific strategies.

First Republic Bank was seized and sold to JPMorgan. The deal will see JPMorgan take on all of First Republic’s $103.9 billion in deposits and buy most of its $229.1 billion in assets.

In March, 42,368 bankruptcy petitions were filed nationwide, up 33% from 31,898 in February and up 17% from a year ago. Commercial filings jumped 24% to 2,305 in March compared with a year ago, and 548 of those were Chapter 11 bankruptcy filings, up 79% from a year ago.

U.S. inflation eased to 5% in March from a year earlier, its lowest level in nearly two years, but underlying price pressures remained elevated despite the Federal Reserve’s campaign to slow rapid price increases.

Private equity funds snapped up a record 786 makers of food and beverages worth $32 billion in 2021, using bundles of debt to pay for their purchases. The financiers projected that staple goods would keep making profits no matter how the economy fared. But that forecast changed, as processed-food prices shot 14% higher last year, almost four times the 20-year annual average, while fruits leapt 18% and vegetables soared 51%.

Among 435 publicly traded U.S. banks listed on major exchanges, 97% of them reported that their loans’ market value was less than their balance-sheet amount as of Dec. 31.

The equity risk premium—the gap between the S&P 500’s earnings yield and that of 10-year Treasurys—sits around 1.59 percentage points, a low not seen since October 2007. That is well below the average gap of around 3.5 points since 2008.

Ten of the country’s 25 largest metropolitan areas lost population during the one-year period. The gainers were all in the South or West, with the exception of the Minneapolis-St. Paul area, which recorded a small gain after losing residents the year before.

The FDIC estimated the failure of SVB will cost a federal insurance fund it oversees about $20 billion, or roughly 10% of the bank’s assets before its failure.