Economy
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Net Wealth
August 6, 2021
Economy

Net wealth has risen by $18 trillion during the pandemic, thanks in part to expanded unemployment insurance and stimulus checks.

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Delinquencies
July 30, 2021
Economy

Just $3 billion of the $47 billion of aid authorized by Congress in December and March had been delivered to landlords and tenants as of June 30. About 8.2 million adults were behind on their rent or mortgage as of July 5 and have low confidence they can pay on time next month.

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Two-Month Recession
July 22, 2021
Economy

The pandemic triggered a two-month recession last year that began in February 2020 and ended in April, making it the shortest on record.

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Pre-IPO Market
July 20, 2021
Economy

Nasdaq Inc. is teaming up with a group of banks including Goldman Sachs Group Inc. and Morgan Stanley to spin out its marketplace for shares of private companies. Under current regulations, such deals are typically limited to accredited investors.

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Car Prices
July 16, 2021
Economy

In June, the average transaction price for a new vehicle was $39,942, an increase of 14% from June 2020. The average transaction price for a used vehicle was $27,984, up 24% from June 2020.

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BX AIG
July 15, 2021
Economy

Blackstone will enter into a long-term agreement with AIG Life to manage an initial $50 billion in assets, with the amount increasing to nearly $100 billion over the next six years. The private-equity firm would also pay $2.2 billion for a 9.9% stake in AIG’s life-insurance and retirement-services unit.

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CPI
July 14, 2021
Economy

U.S. consumer prices continued to accelerate in June at the fastest pace in 13 years as the recovery from the pandemic gained steam. The consumer-price index increased 5.4% in June from a year earlier. Excluding volatile food and energy categories, prices rose 4.5% from a year earlier, the most in 30 years.

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Auto Loans
July 8, 2021
Economy

Lenders originated some three million auto loans and leases in March, up about 53% from the same month in 2020 and the highest monthly figure on record. Auto balances for new originations also hit a record of $73.6 billion in March, up 59% from a year prior.

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Expected Returns
July 7, 2021
Economy

A recent survey U.S. individual investors found these people expect to earn 17.3% this year, after inflation. That’s more than twice the return on U.S. stocks since 1926, which has averaged 7.1% annually after inflation.

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Jobless Claims
July 1, 2021
Economy

Worker filings for jobless claims fell to 364,000 last week, reaching a new pandemic low as layoffs continue to recede.

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