Data-center construction remains a boon to hotels; business activity associated with the massive projects, including construction, is adding to bookings across the country.
Treasury Yields
U.S. Treasury yields hit 4.8%, the highest of President Trump’s presidency, this week. Yields have also risen in Japan, where the 10-year yield hit 3% for the first time in 30 years, and just as much in Europe. France’s 10-year yield, at 4.21%, is up 0.65 percentage points this year. Britain’s, at 5.15%, is up 0.67 points.
S&P Earnings
S&P 500 per-share earnings rose 53% and sales grew nearly 16% in the second quarter, driven by consumer spending and tariff refunds.
Armet Capital
The U.S. IPO market is on track for a record year, with traditional offerings raising $137 billion so far this year.
South FL Foreclosures
Wells Fargo Bank filed a $1.28 billion foreclosure lawsuit against Workspace Property Trust affiliates. The lawsuit targets eight South Florida office properties totaling approximately 1.3 million square feet.
Vanguard Altruist
Vanguard Group has struck a roughly $4 billion deal to acquire fintech platform Altruist. Vanguard plans to keep Altruist as a stand-alone business, retaining its current leadership and brand.
Hotel Sales
U.S. hotel sales rose 28% in the first half of 2026 compared with the same period last year, driven in part by buyers willing to fund property upgrades. Some investors say major hotel brands are aggressively enforcing renovation rules, forcing cash-strapped owners to sell properties rather than pay for improvements.
Banks v Stablecoins
Banks typically hold only 8 cents worth of T-bills per dollar of assets, while a $1 stablecoin is typically backed by almost 80 cents worth of T-bills.
IRA Balances
At the end of 2025, traditional IRAs held about $15 trillion while Roth IRAs held about $2 trillion.
$40 Trillion
Gross U.S. debt has surpassed $40 trillion, a new milestone.