News by subject: Economic News/Analysis

KBRA releases the September 2023 issue of CMBS Trend Watch. September year-to-date volume totaled $25.8 billion, down 59.2% year-over-year (YoY). But on a quarter-over-quarter (QoQ) basis, issuance performance continues to show improvement with YoY...

Generative AI and ChatGPT are not just enhancing the future of the insurance industry, but actively reshaping it. Learn how by watching a complete video replay of AM Best's "How Generative AI and ChatGPT Are Reshaping the Insurance Industry" webinar....

500 Global, one of the world's most active venture capital firms1, announced new research entitled the 500 Global Rise Report, which highlights four narratives on the next decade of global technology: the Rise of the Next Internet Users, the Rise of...

Veros Real Estate Solutions (Veros®), an industry leader in enterprise risk management and collateral valuation services, released its 2023 Q3 VeroFORECAST? that anticipates that home prices are expected to increase on average 2.2% over the next 12...

Intuit , the global financial technology platform that makes Intuit TurboTax, Credit Karma, QuickBooks, and Mailchimp, has released the 2023 Intuit QuickBooks Small Business Index Annual Report. Developed in collaboration with leading global...

12Go, an online travel agency primarily based in and serving the Asian travel market by selling tickets online for buses, ferries, and trains, unveils a list of the most favored destinations by family travelers for summer 2023. The list was based...

United Way of Greater Cleveland hosted the event, The Freakonomics of Cleveland: A Conversation with Stephen Dubner, on Tuesday, October 3, in partnership with The City Club of Cleveland, Ideastream Public Media and Playhouse Square, with more than...

Jurny, an AI startup building the infrastructure for next-generation hospitality businesses, is pleased to announce its inclusion in one of the industry's most influential reports by Skift and McKinsey & Co. "The Promise of Travel in the Age of AI"...

? Nearly two-thirds of recent U.S. homebuyers (59%) think purchasing a house is more stressful than dating, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. "Getting ghosted by your date is...

Today, Square unveiled the Square Payroll Index, a new economic indicator that uses data from Square's labor management and payroll processing solution to provide the latest information about wage growth in the retail and restaurant industries. The...

Underwriting losses in the U.S. commercial auto insurance segment soared to $3.3 billion in 2022 following near-breakeven results in the previous year, according to a new AM Best report. Commercial auto insurance has been one of the...

After a year of uncertainty driven by inflation and recession concerns, new research from Square and Afterpay indicates positive consumer confidence heading into the holiday season, with 34% of consumers planning to spend more. To capitalize on this...

According to the Paychex | IHS Markit Small Business Employment Watch, hourly earnings growth has slowed to 3.79% in September 2023, a pace not seen since September 2021 (3.77%). The Small Business Jobs Index ? which measures the rate of small...

CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released the CoreLogic Home Price Index (HPItm) and HPI Forecasttm for August 2023. CoreLogic's Home Price Index dropped to an 11-year low in...

UKG: Summary: It was another steady month for the labor market, with no big post-summer surprises, according to the September 2023 Workforce Activity Report published by UKG. Shift work increased slightly by 0.1%, highlighting a...

Green Street, the preeminent provider of commercial real estate intelligence, has launched a new set of European Market Forecasts to highlight potential risks, opportunities, and outcomes across 30 key Pan-European markets under various economic...

E*TRADE from Morgan Stanley today released the data from its monthly sector rotation study, based on the E*TRADE customer notional net percentage buy/sell behavior for stocks that comprise the S&P 500 sectors. About E*TRADE from Morgan Stanley and...

The October issue of Best's Review focuses on U.S. private passenger auto insurers: "What's Driving the Rise in Auto Costs" examines the trends that have led to large underwriting losses in 2022. "When It Comes to Insuring Electric Vehicles,...

HouseCanary, Inc. ("HouseCanary"), a national brokerage known for its real estate valuation accuracy, today released its September Market Pulse report, which finds that low market activity continues as mortgage rates reach new highs. In addition,...

KBRA Europe (KBRA) releases research that highlights how the tightness of the labour market in Europe can cause macroeconomic distortions. From a credit perspective, low unemployment is a positive and reveals efficiencies in the economy. A strong...

When U.S. interest rates topped 7% for the first time in 22 years this August, there was a rash of articles by leading industry economists predicting what interest rates would do for the rest of the year and into 2024. The conclusion? There was no...

U.S. personal and commercial auto insurer liability claim payouts combined were $96 billion to $105 billion higher between 2013 and 2022 because of social and economic inflation, according to a new Insurance Information Institute (Triple-I) study....

Owl Labs, the first company to build AI-powered, 360-degree video conferencing solutions for hybrid organizations, today released its seventh annual State of Hybrid Work Report, previously known as the State of Remote Work. Owl Labs surveyed 2,000...

Primerica, Inc. , a leading provider of ?nancial services in the United States and Canada, announced today the release of the Primerica Household Budget Indextm (HBItm), a monthly index illustrating the purchasing power of U.S. middle-income...

BioAlberta is pleased to announce the public release of the BioAlberta Labour Market Information (LMI) Report. The study on which the report is based is the first of its kind specific to the Alberta life sciences industry. It was undertaken because...

Researched by Industrial Info Resources -- As we look forward to 2024, the future of the North American industrial marketplace finds itself at a crossroads. A tumultuous election year is forecasted, and we expect to see many projects placed on hold....

CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report for July 2023. For the month of July, 2.7% of all mortgages in the U.S. were in some stage...

? Roughly one in 15 (6.5%) U.S. homes for sale had a price drop during the four weeks ending September 24, on average, up from 5.8% a month earlier?a sharp monthly increase compared to the same period in years past. That's according to a new report...

The Latino Donor Collaborative (LDC), a nonprofit organization and think tank dedicated to producing research that highlights economic opportunities for growth, has released the 2023 U.S. Latinos in Technology Report- AI Edition, available for...

The automotive industry is undergoing a transformative period driven by the rise of connected vehicles and innovative, intelligent mobility services. In response to this seismic shift, the Automotive Edge Computing Consortium (AECC) today announced...

The Latino Donor Collaborative (LDC), a nonprofit organization and think tank dedicated to producing research that highlights economic opportunities for growth, has released its highly anticipated 2023 Official LDC U.S. Latino GDP Report, available...

Russell Investments' strategists expect a mild recession for the U.S. economy in 2024, while market expectations for the U.S. Federal Reserve (Fed) to navigate a soft-landing provide equities with support for the next few months. "A soft landing...

As present fears about a big market crash or recession persist, Americans also are increasingly worried about taxes on retirement income from 401(k)s and IRAs increasing in the future, according to the 2023 Q3 Quarterly Market Perceptions Study from...

Three out of four (75%) borrowers surveyed said that resuming student debt payments will impact their ability to save for retirement, according to new insight released by Corebridge Financial and Morning Consult. The poll also showed that in order to...

An early glimpse of the U.S. income tax picture for 2024, as projected under current tax law, is now available from Wolters Kluwer Tax & Accounting (TAA). The new information includes estimated ranges for each 2024 tax bracket as well as projections...

? A record 26% of homebuyers are looking to move to a different part of the country, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's up from 24% a year ago and roughly 19% before the pandemic...

The new World Robotics report shows robot installations in the United States were up by 10% to 39,576 units in 2022, almost matching the all-time peak level of 40,373 units achieved in 2018. "The United States is the largest American market and...

?Mortgage rates are sitting near a two-decade high and U.S. home prices rose 3% year over year during the four weeks ending September 17, pushing monthly housing payments to an all-time high. That's according to a new report from Redfin (redfin.com),...

A new survey from Kantata, the leading global supplier of purpose-build technology for professional services, found that 74% of agencies are shifting their priorities and business strategies in response to significant pressures faced amidst the...

The potential of offshore wind as a viable source of clean power for the energy transition is indisputable. Investment in the sector is growing rapidly around the world, the power capacity of installations is ramping up, and technological innovations...

Leveraging the superior conversion efficiency of N-type cells, the rise of cost-effective TOPCon cell technology in 2022 has seen N-type cell technology rapidly expand, inviting many solar industry participants into the competition. Currently, PERC...

Essential Utilities today published its 2022 Environmental, Social and Governance Report, tracking key progress on the company's commitments to the environment, its employees and the communities it serves. The company achieved key supplier and...

Total construction starts rose 6% in August to a seasonally adjusted annual rate of $1.3 trillion, according to Dodge Construction Network. Nonresidential starts rose 40% thanks to a large pickup in manufacturing and transportation buildings....

OAG, the leading data platform for the global travel industry, today released Megahubs 2023, its list of the Top 50 most internationally connected airports in the world and the Top 25 most domestically connected airports in the U.S. New York's John...

CBIZ, Inc. , a leading provider of financial, insurance and advisory services, has released the results of its Q3 2023 Main Street Index, taking the pulse of and gauging the outlook for small and mid-sized businesses (SMBs) amid the current economic...

First American Data & Analytics, a leading national provider of property-centric information, risk management and valuation solutions and a division of First American Financial Corporation , today released its August 2023 Home Price Index (HPI)...

This holiday season, running November 1 through December 24, U.S. retail sales excluding automotive are expected to increase 3.7% year-over-year (YOY), according to Mastercard SpendingPulsetm. The anticipated growth in retail in the U.S. reinforces...

Achieving consistently strong underwriting returns has been a historical challenge for MENA reinsurers, however, recent market conditions favour the region's reinsurers, according to a new AM Best report. The Best's Market Segment Report, "MENA...

Truckload freight volumes increased in August as shippers positioned freight ahead of the fourth quarter, said DAT Freight & Analytics, operators of the DAT One freight marketplace and DAT iQ data analytics service. Buoyed by shipments of retail...

The devastating earthquake that struck Morocco on 8 September 2023 affected an area with low insurance penetration. However, a new commentary from AM Best notes that a parametric insurance arrangement covering part of Morocco's National Catastrophic...