Across the United States, downtown business districts are hurting. Many former office workers continue to do a substantial share of their jobs from home, leaving entire blocks without functioning businesses. According to commercial real estate analytics firm CoStar, the U.S. is now saddled with an estimated 1 billion square feet of empty office space—a record high.…
The U.S. dollar soared this week to its highest rate against Japan's yen since 1990. As of Friday, 1 dollar equates to around 157 yen, according to Reuters—the dollar's strongest performance against the Japanese currency in 34 years. By way of comparison, The Motley Fool points out that a dollar was worth about 119 yen…
During the Covid-19 pandemic, while you were optimistically purchasing (and not using) resistance bands for your (unused) home gym (i.e., closet), rich people were apparently buying second homes on Cape Cod in Massachusetts. A subsequent dip in the supply of available properties sent summer rates for short-term vacation rentals soaring in the popular seaside destination.…