There is over $3 trillion in retail money-market funds, hovering around a record high not including the trillions of institutional dollars sitting in money-market funds.
There is over $3 trillion in retail money-market funds, hovering around a record high not including the trillions of institutional dollars sitting in money-market funds.
Some 13.5% of new private-credit loans originated in the second quarter had a PIK provision, down from 25% at the end of last year.
Private-credit funds managed by Ares, Golub and KKR all reported increases this year in the number of borrowers on watch for deteriorating performance. For those funds, the lists are at their highest levels since 2022-23, when interest rates were rising.
The median sale price in the Washington metropolitan area hit an all-time high of $680,000 in May, up 3% compared with $659,950 the prior year. At the high end demand is even stronger: By the end of the first quarter, luxury-home inventory—properties priced above $1.75 million—was down 22% from a year earlier, even as overall inventory increased by 5%.
Despite strong headwinds, Q1 2026 metrics came in stronger than expected, and by early June, most hotel sector prognosticators had sharply revised their full-year RevPAR forecasts upward. Group and individual bookings strengthened, and the demand increase gave back some of the pricing power the industry had lost.
Business investment in AI-related categories reached an annual rate of about $1.5 trillion, up from $1 trillion two years earlier. Bond issuance at five big hyperscalers and SpaceX will reach $285 billion this year, up from $109 billion last year.
There were 6,376 properties with HOA-related foreclosure filings in the first quarter of this year—spanning initial default notices to completed sales. That is up nearly 40% from two years earlier and rising faster than overall mortgage foreclosure rates.
The percentage of private, nonprofit colleges drawing down endowments at greater than 7%—considered a sign of financial instability—nearly doubled to 19.3% in 2025 from 9.7% in 2016.
The 30-year fixed mortgage rate rose to 6.66% this week, marking its highest level in a year.
An analysis of 2023 data found that the wealthiest renters in New York City receive the largest discounts from rent stabilization. The top 25% of earners in rent-stabilized units save 33% compared with the median rent, while the lowest three income quartiles save between 15% and 22%.