News by subject: Economic News/Analysis

? The number of Redfin.com home searchers looking to relocate to a new metro fell 4.2% from a year earlier in the first quarter, compared with a 15.6% drop for those looking to move within their current metro. That's according to a new report from...

Dollar stores continue to be the fastest growing retail channel today, both in terms of the number of new stores and the number of shopping visits. The deep discount sector is also the fastest growing retail channel for food purchases, with an 89.7...

KBRA Analytics releases this month's edition of The Bank Treasury Newsletter, the Bank Treasury Chart Deck, and Bank Talk. This month's newsletter, Bank Treasurers Pay Their Taxes, reviews the state of bank deposit franchises in the wake of the...

Hearsay Systems, the trusted global leader in digital client engagement for the financial services industry, today announced that it held its 11th annual Hearsay Summit April 19-21 in San Francisco. The event brought together the top leaders in...

Emburse, the global leader in spend optimization, announced today the results of its Q1 2023 SpendSmart Travel Trends report. This quarterly report tracks how much organizations spend on travel, as well as trends for booking volume and trip length,...

Worldwide smartphone shipments declined 14.6% year over year to 268.6 million units in the first quarter of 2023 (1Q23), according to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker. This marks...

CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report for February 2023. For the month of February, 3% of all mortgages in the U.S. were in some...

The latest data from FICO on UK credit card trends illustrates the financial balancing act many consumers are facing. Average card spend has increased month-on-month and year-on-year. Higher prices for day-to-day purchases will be reflected in this...

AM Best benchmarking analysis of rated U.S. life/annuity (L/A) insurance companies showed that those insurers with higher quality investments fared better in uncertain market conditions during the first three quarters of 2022 that saw a sharp...

The Salesforce partner ecosystem in Brazil is growing steadily in both quantity and quality to meet strong market demand for Salesforce solutions, according to a new research report published today by Information Services Group (ISG) , a leading...

First Trust Advisors L.P. ("First Trust") announced today that it has been awarded the Consensus Economics 2022 Forecast Accuracy Award for most accurately predicting GDP growth and Consumer Price Inflation in the United States. "The First Trust...

Citizens announced today that its national Citizens Business Conditions Indextm (CBCI) rose to 53.9 in the first quarter, reflecting continued strength in the labor market, more new business openings and positive corporate revenue trends. The Index...

RGP , a global consulting firm, today released a new report that shows a significant number of healthcare service providers are failing at their mission-critical projects. The findings illustrate the impact of the industry's growing clinical staffing...

The Pennsylvania Institute of Certified Public Accountants ("PICPA"), the largest CPA association in Pennsylvania with over 20,000 members, has issued its latest Insights report available for download now: The State of Pennsylvania Accounting Firms...

Arthur D. Little (ADL) has published its annual State Of The Media Market report, which analyses how global trends are impacting the major subsegments of the media, sports, and entertainment sectors. Despite the inflationary and recessionary economic...

Regulatory News: Teleperformance (Paris:TEP), a global leader in digital business services, today announced its proposed voluntary cash and share offer for all shares in Majorel (the "Shares"). Teleperformance offers ?30 per share1 for a total...

KBRA releases research examining March 2023 retail sales. This month's report discusses declining retail sales in each of the last two months as headline inflation has eased and the Federal Reserve's rate tightening cycle has progressed. The report...

Belgian SaaS tech company Whale announced a 2.5 million Euros raise from existing investors Volta Ventures and Peak to allow companies to turn their process and SOP documentation into a channel for employee training and growth. The funding follows...

Life Science Washington, the state's industry trade association, today released a new Economic Impact Report, revealing Washington state's $35.3 billion life science industry supports more than 100,000 jobs throughout the state and continues to serve...

The latest edition of The Civil Quarterly (TCQ) from Dodge Construction Network shows that despite ongoing labor issues, business conditions are still very strong for civil contractors, with 77% optimistic about the market continuing to be robust for...

UPS today announced first-quarter 2023 consolidated revenues of $22.9 billion, a 6.0% decrease from the first quarter of 2022. Consolidated operating profit was $2.5 billion, down 21.8% compared to the first quarter of 2022, and down 22.8% on an...

KBRA UK (KBRA) releases a research report evaluating the UK building society sector. KBRA believes the overall creditworthiness of the UK building society sector remains resilient despite continuing challenges related to Brexit, the post-pandemic...

Small and medium-sized enterprises (SMEs) in ASEAN have set their sights on leveraging external tech providers as a way of accelerating their digital ambitions, according to TDCX's latest report. SMEs are looking to tech providers such as cloud...

Morgan Stanley Wealth Management today announced results from its quarterly individual investor pulse survey: Confidence dropped. While over half believe the economy will be in better shape by the close of 2023 (53%), this sentiment dropped 11...

The DAT Truckload Volume Index (TVI) increased for all three equipment types for the first time since July 2022, but national average spot van and refrigerated ("reefer") rates plunged to two-and-half-year lows in March, said DAT Freight & Analytics,...

Citi today released its 2022 Environmental, Social and Governance (ESG) Report, highlighting progress across Citi and the Citi Foundation toward building more sustainable, diverse and equitable communities around the world. This annual report...

Small and medium-sized businesses (SMBs) in Southeast Asia have set their sights on leveraging external tech providers to accelerate their digital ambitions, paving the way for global providers, including those in the US, to seize opportunities in...

? Nearly one-third (30%) of 25-year-olds owned their home in 2022, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's slightly higher than homeownership rates for millennials (28%) and Gen Xers...

? Roughly one of every seven (13.5%) U.S. homes sold by an investor in March sold for less than the investor bought it for, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's comparable with...

First American Financial Corporation , a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today released the February 2023 First American Real House...

OriginClear Inc. , the Clean Water Innovation Hubtm, announces that in its 10-K Annual Report filing, 2022 revenue increased by 250% from $4,143,744 to $10,376,573, setting a new range for the company's operations. "Raising revenue requires...

? The typical U.S. homebuyer's monthly housing payment hit an all-time high of $2,538 as average weekly mortgage rates rose to 6.39% after five consecutive weeks of declines, according to a new report from Redfin (redfin.com), the technology-powered...

Corbin Advisors, a strategic consultancy accelerating value realization globally, today released its quarterly Industrial Sentiment Survey. The survey, part of Corbin Advisors' Inside The Buy-side® publication, is based on responses from 40...

Total construction starts increased 19% in March to a seasonally adjusted annual rate of $1.09 trillion, according to Dodge Construction Network. During the month, nonresidential starts rose 33%, nonbuilding starts increased 17%, and residential...

AM Best will host a complimentary webinar, titled, "A Hard Collision With Profitability: The Impact of Current U.S. Auto Insurance Trends," sponsored by LexisNexis Risk Solutions, on Tuesday, May 9, 2023, at 3:00 p.m. (EDT). A panel of insurance and...

Immuta, a data security leader, today released the results of a commissioned Total Economic Impacttm (TEI) study conducted by Forrester Consulting on behalf of Immuta. The study examines the potential return on investment (ROI) for enterprises that...

According to the International Data Corporation (IDC) Services Contracts Database, more than 1,700 managed services deals were signed in 2022 worth more than $125 billion in contract value. The total number of deals declined compared to 2021, but the...

The UAE-India Business Council, the UAE-Israel Business Council, and the U.S.-U.A.E. Business Council signed a Memorandum of Understanding (MOU) today to promote the I2U2 Initiative and garner private sector support for this new economic partnership...

Premium growth for publicly traded U.S. life/annuity (L/A) insurance companies continued to recover in 2022, but was countered by declines in investment and fee income that drove total GAAP revenue down by 12% to $291.5 billion, according to a new AM...

? The median U.S. home price fell 3.3% in March to $400,528, the largest year-over-year drop since 2012, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Pandemic boomtowns and pricey Bay Area...

Vista Gold Corp. ("Vista" or the "Company") today reported the Northern Territory Government (the "NT Government") has released the final report (the "Report") of the Mineral Development Taskforce (the "Taskforce"). The Report outlines a series of...

Global VC investment sank from $86 million across 9,619 deals in Q4'22 to $57.3 billion across 6,030 deals in Q1'23 as the major uncertainties in the market showed no sign of waning, according to the Q1'23 edition of Venture Pulse ? a quarterly...

Americans are growing angrier and more scared that the government may be unable to pay their Social Security benefits in full, according to the 2023 Social Security Confidence Survey from PlanGap. Survey respondents were informed the Social...

A survey of grocery shoppers' spending habits and attitudes by FMI ? The Food Industry Association, conducted by The Hartman Group, reveals that while U.S. shoppers remain concerned about rising food prices, consumers are less likely to cut back on...

KBRA releases a report on distressed bank exposure in RMBS 2.0 securitizations overall and within KBRA's rated universe. Concern around systemwide stress among U.S. regional banks has been a topic of discussion for market constituents in recent...

The auto dealership buy/sell market experienced its second most active buy/sell year ever in 2022, with a 25% increase in transactions in the first three quarters of the year compared to 2021, and a record 845 franchises sold during that period,...

AM Best is maintaining its market segment outlook on the U.K. life insurance segment at stable. In its new Best's Market Segment Report, "Market Segment Outlook: United Kingdom Life Insurance," AM Best cites a number of factors supporting its...

In a new article, Best's Review identifies and examines some of the new climate-related regulations that are having an impact on insurers in every line of business. "There's going to be a series of pretty profound changes for insurers that have not...

? The median U.S. asking rent fell 0.4% year over year to $1,937 in March?the first annual decline since March 2020 and the lowest median asking rent in 13 months, according to a new report from Redfin (redfin.com), the technology-powered real estate...

? New listings of U.S. homes for sale dropped 25% from a year earlier during the four weeks ending April 9, continuing an eight-month streak of double-digit declines, according to a new report from Redfin (redfin.com), the technology-powered real...