Investors have poured more than $86 billion into U.S. equity mutual and exchange-traded funds in 2022. That is on track to mark the second-highest sum since 2013, following last year’s inflows of $156 billion.
Home Sales
Home sales fell for a ninth straight month in October as high mortgage rates continue to push buyers out of the market.
SFO ATL MSP
San Francisco airport took first place in The Wall Street Journal’s first ranking of the country’s busiest airports since 2019. Atlanta and Minneapolis filled out the top three.
HELOC Draws
Americans took out $66 billion in home-equity lines of credit in the second quarter, a 40% increase from a year ago and the largest amount in almost three years.
World Population
The population of the planet is set to hit 8 billion Tuesday, according to projections from the United Nations that forecast the number will grow to 8.5 billion by 2030 as life expectancy rises.
Miami Beach Development
Miami Beach voters in a series of referendums last week derailed three major real-estate projects from top U.S. developers, reflecting a budding backlash against certain new development plans for the city.
Bank’s Bond Holdings
For the U.S. lender's KBW Bank Index, the combined balance-sheet value of held-to-maturity bonds was $2.21 trillion as of Sept. 30. The market value was $1.91 trillion, or 14% less.
Inflation Outlook
Derivatives markets show that traders believe the consumer-price index will rise by about 3.3% over the next 12 months. At the end of September, expectations were for 2.3% inflation.
Election Day
Be sure to vote.
AirBNB Cleaning Fees
The cleaning fees that customers of Airbnb Inc. have long complained about will soon become more apparent early in searches for lodging. Starting in December, the company will allow guests to filter their search results by the total cost of the stay before taxes.