The typical profit margin for a flipped home rose to 25.4% in the first quarter, up from 24.7% in the fourth quarter of 2025. Margins had been declining since peaking at more than 34% in the second quarter of 2024.
For 2026, the combined free cash flow at the five hyperscalers is expected to drop 91% to about $16 billion, while net income is projected to rise 25% to $506 billion. Current forecasts have free cash flow rebounding sharply to $185 billion in 2028 and then soaring to $387 billion in 2029. The consensus view for now is that capex growth will taper off after next year while revenue keeps surging, allowing free cash flow to rebound in a V-shaped recovery.
An average of 26% of paid, full days were worked from home in May, down from the 27% registered two years earlier. It was about 30% in 2022, when companies were transitioning away from the pandemic. But in 2019, before the pandemic struck, about 7% of days were worked from home.
Marriott has said that fee revenue from its co-branded credit cards is expected to jump 35% this year to nearly $1 billion. Owners say that they previously believed the program was only breaking even and that the hotel giant is ripping them off.
AHS Properties bought the Dubai’s Shangri-La Hotel for $300 million. The luxury real estate developer bought the 43-floor hotel from Mismak Asset Management.
Citigroup established a blockchain-based venture for its wealthy and institutional clients to trade private-company shares.The venture uses authorized, tokenized depositary receipts issued by Citi, initially for foreign investors, with U.S. access planned.The infrastructure, operated by Switzerland-based SIX, aims to broaden access to private firms and can be adopted by other banks.
The federal government sold the former Old Post Office building to merchant bank BDT & MSD Partners for $80 million. BDT & MSD Partners, which acquired the property, is discussing a sale for around $400 million with potential buyers. President Trump’s family firm previously operated the hotel and sold its lease rights in 2022 for $375 million.
Earnings growth is expected to remain robust. Analysts expect companies to see a 22% surge in profits for the second quarter. For the full year, they expect a 23% jump.
The typical March 2026 homebuyer paid 15% down on the value of a home, a percentage that’s down from 16.1% in March 2025. That translates to about $64,000 — still more than double the median $30,000 down payment homebuyers paid in the years leading up to the pandemic, when buyers were putting down about 10%.