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.
Tiger Global marked down the value of its investments in private companies by about 33% across its venture-capital funds in 2022. The markdowns erased $23 billion in value from Tiger’s giant holdings of startups around the globe.
Apollo Global Management Inc. has agreed to acquire chemical company Univar Solutions Inc. for $8.1 billion including debt, in one of the biggest recent leveraged buyouts.
Federal Reserve Chair Jerome Powell said Wednesday officials were keeping their options open over how much to raise interest rates this month after investors interpreted his comments Tuesday to suggest a half-percentage-point increase was likely.
Some 74% of the 1,000 consumers surveyed said they had experienced a product or service problem in the past year, up from 66% in 2020 and only 32% in 1976. The percentage of consumers who have taken action to settle a score against a company through measures such as pestering or public shaming in person or online, has tripled to 9% from 3% in 2020.
A-rated cities and school districts are paying 3.16% for a one-year loan issued March 3, compared with 0.21% at the beginning of 2022.
Cash and checks are forecast to fall to 14% of total payments this year from 42% in 2010, with the most precipitous drop coming just after the pandemic started in 2020.
Markets are now betting that inflation, as measured by the 12-month change in the consumer-price index, will fall to about 2.8% by October, from 6.4% in January.
The S&P 500 High Dividend Index—made up of the S&P 500’s top 80 dividend-paying companies—fell 1.1% including dividends last year, compared with a negative total return of 18% for the broad benchmark. In 2023, the index is up 2.5% but is trailing the S&P 500’s 4.8% advance.
