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Read previewSky-high house prices and mortgage rates have dashed many Americans' dreams of owning their own home, the chief economist of Moody's Analytics says. Meanwhile, 30-year mortgage rates have surged from historic lows of 2.5% during the pandemic to nearly 7%, Zandi noted. The so-called affordability crisis has been fueled by the lock-in effect, where homeowners on cheap mortgage rates don't want to lose it by selling. Indeed, sales volumes of existing homes slumped by 17% between February and December last year, from 4.6 million units to below 3.8 million, per the St. Louis Fed. Zandi has previously warned that several things need to happen for sales volumes to return to normal levels.
Persons: , Mark Zandi, Louis, Zandi, They've, Louis Fed Organizations: Service, Business, Louis Fed, Federal Reserve, Yahoo Finance
Maskot | Digitalvision | Getty ImagesWorkers are sour on the job market — but that pessimism may be somewhat misplaced. So far in 2024, for example, big technology firms including Amazon, eBay, Google and Microsoft have announced job cuts. U.S.-based companies planned about 722,000 job cuts in 2023, almost double those announced in 2022, according to Challenger, Gray & Christmas, an outplacement and executive coaching firm. watch nowHowever, those recent headlines mask strength in the overall job market, economists said. "It's still a very robust and resilient labor market overall," Pollak said.
Persons: Daniel Zhao, Zhao, it's, Mark Zandi, Zandi, they've, Julia Pollak, " Pollak Organizations: Digitalvision, Getty Images Workers, Amazon, eBay, Google, Microsoft, Citigroup, Universal Music Group, U.S, Challenger, Moody's, Federal Reserve Locations: BlackRock, U.S
Read previewThe tight housing market has shown recent signs of easing, but Moody's Analytics still anticipates Americans will face inventory snags for years to come. Based on data from the end of December, the monthly sales pace implies 3.2 months' of housing inventory, according to the National Association of Realtors. That shortage suggests a recovery in the housing market remains years away, the researchers said. "One good year of 'excessive' supply was only in its relative term when compared with affordability-constrained demand," Moody's researchers said. Ultimately, to Moody's, increasing housing inventory and rebalancing the market will take years of "joint effort and creativity" across the public and private sectors.
Persons: , Nick Villa, Moody's Organizations: Service, Business, National Association of Realtors, NAR
SANTA CLARA, Calif. (AP) — Brock Purdy threw for 267 yards and a touchdown, and the San Francisco 49ers rallied from 17 points down at halftime to beat the Detroit Lions 34-31 on Sunday and reach the Super Bowl. He engineered a game-winning drive in the fourth quarter to beat Green Bay last week and then had an even bigger comeback against the Lions. Detroit remains the only team to play every season of the Super Bowl era without reaching the ultimate game. Purdy then drove the Niners to a 33-yard field goal by Jake Moody and their first lead of the game. Campbell bypassed a chance at a game-tying field goal on fourth-and-3 from the Niners 30 midway through the fourth quarter.
Persons: — Brock Purdy, San Francisco, Purdy, , Kyle Shanahan, Christian McCaffrey, Elijah Mitchell, “ There’s, ” Shanahan, “ It’s, , Josh Johnson, Dan Campbell, Josh Reynolds couldn’t, Jared Goff, Brandon Aiyuk, Aiyuk, ” Aiyuk, ” Jahmyr Gibbs, McCaffrey, Reynolds, Jake Moody, Campbell, Goff, Jameson Williams, Francisco’s, David Montgomery, Gibbs, Michael Badgley, ___ Organizations: San Francisco 49ers, Detroit Lions, Super, 49ers, NFC, Kansas City, Chiefs, Super Bowl, Lions, Niners, Los Angeles Rams, Philadelphia, Detroit, San Francisco, The Lions, NFL, AFL Locations: SANTA CLARA, Calif, San, Detroit, Green, Vegas, Francisco, Williams
When Soccer’s Content Mine Loses Sight of Reality
  + stars: | 2024-01-27 | by ( Rory Smith | ) www.nytimes.com   time to read: +1 min
The show, depicting Liverpool’s preparations for the 2012-2013 Premier League season, ran for only one series, amounting to just six episodes. Its subsequent cultural half life has been limited, too; those few elements which have lingered illustrate perfectly why it was not renewed. It would emerge later, of course, that both incidents were a little more nuanced than first assumed. The envelope trick had been adapted from a method once used — albeit with considerably more success — by Alex Ferguson. The portrait had been a gift from a disability charity with which Rodgers had worked closely during his time at his previous club, Swansea.
Persons: Marc Andreessen, ruefully, Brendan Rodgers, , Rodgers, Alex Ferguson Organizations: maven, League Locations: Liverpool, Swansea
Here's why Moody's Analytics' Mark Zandi worry about oil prices
  + stars: | 2024-01-26 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's why Moody's Analytics' Mark Zandi worry about oil pricesMark Zandi, Moody's Analytics chief economist, joins 'Squawk on the Street' to discuss his expectations from the Fed's next move, whether the soft landing is too much of a good thing, and more.
Persons: Zandi
Mr. Trump’s earlier supporters have seized on Mr. DeSantis’s departure from the race to declare Mr. Trump the “presumptive nominee,” though only Iowa has voted so far. Mr. Trump already has the support of Speaker Mike Johnson and the majority of congressional Republicans. field, all three of those men will appear alongside Mr. Trump on Monday night at a rally in Laconia, N.H., according to officials with the Trump campaign. (Senator Marco Rubio of Florida, whom Ms. Haley endorsed for president in 2016, backed Mr. Trump shortly before the Iowa caucuses.) I want to make it a live-free-or-die-country.”Holdouts among top Republicans for Mr. Trump are few and far between.
Persons: Tim Scott, Scott, Mr, Trump, Donald J, Ron DeSantis, Bob Good, Ashley Moody, Jeff Duncan of, Ralph Norman, Nikki Haley, Trump’s, DeSantis’s, Mike Johnson, Ted Cruz of, Tim Scott of, Doug Burgum, Vivek Ramaswamy, , Haley, Nancy Mace, Marco Rubio, Ms, Chris Sununu, Larry Hogan of, Asa Hutchinson, Chris Christie, , , Mitch McConnell of, John Thune of, Chip Roy, Texas, Thomas Massie of, Jazmine Ulloa, Michael Gold Organizations: Trump, Republican State Senate, Atlanta, Mr, Republicans, Gov, Former, Republican Locations: Concord, N.H, Florida, Virginia, Jeff Duncan of South Carolina, statehouses, Georgia, Iowa, Ted Cruz of Texas, Tim Scott of South Carolina, North Dakota, Laconia, South Carolina, Marco Rubio of Florida, New Hampshire, Larry Hogan of Maryland, Arkansas, New Jersey, Franklin, America, Mitch McConnell of Kentucky, John Thune of South Dakota, Thomas Massie of Kentucky
Indeed, investors get paid for taking a small step down in credit quality in the muni bond space. What's even sweeter is that municipal bond income is generally exempt from federal income tax. This also means high income investors would have to scoop up a higher yielding corporate bond to get the same tax-advantaged yield a muni bond would generate. A measured amount of risk Munis offer lower yields compared to their corporate counterparts, but they also carry significantly less risk. Lower risk, however, doesn't necessarily mean risk free.
Persons: Jennifer Johnston, Franklin Templeton, Lyle Fitterer, munis, corporates, Cooper Howard, Jonathan Mondillo, Franklin Templeton's Johnston Organizations: Federal Reserve, Franklin, AAA, muni, Strategic Municipal Bond Fund, York Life Investments, Moody's Investors Service, Charitable, Schwab Center, Financial Research Locations: muni, Abrdn
BEIJNG, CHINA - NOVEMBER 13: Illuminated skyscrapers stand at the central business district at sunset on November 13, 2023 in Beijing, China. The economy here is bad, it's pretty ... it's really bad. In December, depressed prices for pork — which makes up around a fifth of China's CPI basket — heralded the possible advent of deflation. The decision comes amid infectious expectations among investment banks that China's economy will expand at a more sluggish pace in 2024. Despite this, the International Monetary Fund in November outlined a forecast for China's growth to slow in 2024 to just 4.6%.
Persons: Gao Zehong, it's, I've, Shaun Rein, CNBC's, Rein, Li Qiang, Li Organizations: Getty, China Market Research Group, CPI, People's Bank of China, Economic, International Monetary Fund Locations: BEIJNG, CHINA, Beijing, China, Davos, Switzerland
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMoody's discusses 3 factors behind its negative sovereign credit rating for Asia in 2024Christian de Guzman, senior vice president at Moody's Investors Service, cites China's "lackluster situation" and tight funding conditions as factors.
Persons: Moody's, de Guzman, China's Organizations: Asia, Moody's Investors
Inflation measures how fast prices are rising for goods and services — anything from concert tickets and haircuts to groceries and furniture. That means further broad disinflation likely won't come from consumer goods, economists said. In fact, attacks by Houthi rebels on ships in the Red Sea threaten to disrupt a key transit corridor and may trigger higher goods inflation if it persists, El-Erian explained. While down from more than 7% last year, services inflation still sits at 5.3%. Why this may all be 'nonsense'Not all economists think the last mile of disinflation will be harder than what came before, however.
Persons: Robyn Beck, Mohamed El, We're, Gargi Chaudhuri, Houthi, Erian, Chaudhuri, Mark Zandi, Sarah House, Paul Ashworth Organizations: Afp, Getty, Allianz, Queens ' College, University of Cambridge, CNBC, Americas, BlackRock, Finance, of Labor Statistics, Labor, Moody's Analytics, Wells, Wells Fargo Economics, Capital Economics Locations: Los Angeles, U.S, Wells Fargo
Moody's Investors Service has a negative outlook for sovereign creditworthiness in Asia-Pacific this year, due to China's slower economic growth as well as tight funding and geopolitical risks. China's rebound from the Covid-19 pandemic wasn't as fast as several economists had expected at the start of 2023. In a Jan. 15 report, Moody's predicted China's real GDP growth would slow to 4% this year and next, from an average of 6% between 2014 and 2023. The credit rating agency said the slowdown in China's growth "significantly influences" APAC economies because of its strong integration in global supply chains. Goldman Sachs and Morgan Stanley, among other major international investment banks, predict China's economy to grow at a slower pace of 4.6% in 2024, down from 5.2% expected for 2023.
Persons: Moody's, Goldman Sachs, Morgan Stanley Organizations: Moody's, National Bureau of Statistics Locations: Asia, Pacific
The Debate Over January
  + stars: | 2024-01-20 | by ( Melissa Kirsch | More About Melissa Kirsch | ) www.nytimes.com   time to read: +2 min
Winter friends — those who, contrary to all hedonic and circadian sense, love dark days and black ice — have been forwarding the story to me, triumphant, as if once and for all it’s been settled, the pointless, perennial battle of the seasons. Everyone just wants to feel better, I get it, but resisting their campaign is a twisted part of coping with the season. I spent the week exchanging snapshots with friends in Mississippi, their mutt cavorting in the snow-covered yard (look how cozy! Another friend asked if I didn’t find the cold and snowfall moody and melancholy, in a good way. It’s a case that the poets have been making for eons: “Barren winter, with his wrathful nipping cold,” Shakespeare wrote.
Persons: Steven Kurutz’s, mutt cavorting, , Stu, Roz Chast’s, Shakespeare, what’s Locations: Mississippi, New
The Niners will host the winner of Sunday's game between Tampa Bay and Detroit next weekend for a spot in the Super Bowl. Green Bay converted a third-and-15 when Ambry Thomas was called for a 41-yard pass interference penalty against Bo Melton. The Niners made them pay for that with Purdy hitting George Kittle on a 32-yard pass on the run for a TD that gave San Francisco the lead. Jones finished with 108 yards on 18 carries for the Packers, and Love was 21 of 34 for 194 yards. 49ers: WR Deebo Samuel injured his shoulder on the opening drive and missed most of the game.
Persons: — Christian McCaffrey, Brock Purdy, McCaffrey, Purdy, Brandon Aiyuk, Chris Conley, I’ve, ’ ” Purdy, you’ve, ” McCaffrey, Dre Greenlaw, Jordan Love, Love, Aaron Rodgers, Purdy —, You’ve, ” Purdy, Ambry Thomas, Bo Melton, Melton, Tashaun Gipson, Keisean Nixon, Eric Wilson, Tyler Kraft, Aaron Jones, Jake Moody, Anders Carlson, George Kittle, Francisco, Kyle Shanahan, Moody, Colby Wooden, Jones, Zach Tom, didn't, Deebo Samuel, ___ Organizations: San Francisco 49ers, Green Bay Packers, Niners, Tampa, Super, 49ers, Green, Packers, San, The Packers Locations: SANTA CLARA, Calif, Francisco, Tampa Bay, Detroit, Love, San Francisco, Green Bay
The crisis in the Red Sea threatens to damage the economy by increasing prices on consumers and delaying the shipment of goods. A Houthi official vowed on Wednesday that attacks on “Israeli-linked” vessels in the Red Sea as well as the Arabian Sea will continue. Ikea also does not foresee any product shortages from the Red Sea problems. “Shippers are now much better at using alternative ways of moving their goods around the world,” Zandi said. “We have not seen the situation in the Red Sea translate into material movements in prices in the US such as consumer goods and gasoline prices,” Schwartz said.
Persons: , Marcus Baker, Marsh McLennan, Baker, Vicent Clerc, ” Clerc, CNN’s Richard Quest, Mark Zandi, Zandi, Kristalina Georgieva, Quest, ” Zandi, Stephen Schwartz, ” Schwartz Organizations: CNN, US, US Central Command, Maersk, International Monetary Fund, Oxford University . Shipping, P, Moody’s, Global, IMF, Economic, Wednesday, Ikea, Wells, Wells Fargo Global Receivables, Trade Finance Locations: Israel, Marsh, Suez, Africa, China, Davos, Switzerland, , Asia, Europe, Germany, Wells Fargo, Iran
Risk of recession is starting to fade, says Moody's Mark Zandi
  + stars: | 2024-01-17 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRisk of recession is starting to fade, says Moody's Mark ZandiMark Zandi, Moody's Analytics chief economist, joins 'The Exchange' to discuss the Fed rate cut timeline, economic forecasts, and more.
Persons: Mark Zandi Mark Zandi
Delinquency rates on loans backed by office properties jumped to 6.5% in the fourth quarter, an MBA survey found. Out of all the commercial real estate loan delinquency rates tracked by the survey, office loans led the pack. AdvertisementFinancial troubles continue to plague the office market, which led an increase in commercial real estate loan delinquency rates. Zooming out, the commercial real estate sector has been in a pinch ever since interest rate hikes made borrowing money a lot more expensive. AdvertisementStill, MBA's survey found that while the office market segment of commercial real estate is still wobbling, other slices of the sector are recovering.
Persons: , multifamily, Jamie Woodwell Organizations: Service, Financial, Mortgage Bankers Association, Capital Economics
The biggest risks US businesses face in 2024
  + stars: | 2024-01-14 | by ( Bryan Mena | ) edition.cnn.com   time to read: +11 min
But, while businesses have plenty to be grateful for and much to be optimistic about, the coast isn’t clear. Last week, surveys from the National Federation of Independent Business (NFIB) and The Conference Board detailed the biggest risks that businesses are currently worried about. Here are some of the biggest risks for American businesses in 2024. Those financial stresses can reduce the willingness of banks to lend to others businesses and also to consumers,” she said. Bank earnings look really bad this quarter.
Persons: there’s, , John Maynard Keynes, , ” Dana Peterson, Bill Dunkelberg, ” Peterson, ” Suzanne Clark, We’re, Mike Johnson, Chuck Schumer, Fitch, Clark, JPMorgan Chase, Nicole Goodkind, Krystal Hur, FactSet, Martin Luther King Jr, Morgan Stanley, Goldman Sachs Organizations: CNN Business, Bell, DC CNN, Federal, National Federation of Independent Business, Board, US, of Commerce, of American, Conference Board, Conference, CNN, Fed, Corporate, US Chamber of Commerce, chamber’s State of American, AAA, Moody’s Investors Service, US Chamber, Commerce’s, Google, Citigroup, Bank, JPMorgan, FactSet, Revenue, Profit, Federal Deposit Insurance Corporation, Valley Bank, Signature Bank, Bank of America, FDIC, Citi, China’s National Bureau of Statistics, Alcoa, National Statistics, US Commerce Department, US Labor Department, Federal Reserve, University of Michigan, National Association of Realtors Locations: Washington, Wells, Corporate America, chamber’s State, BlackRock, Amazon, Argentina, Japan
London CNN —World leaders are flocking to Davos this week to pontificate on the planet’s most pressing problems. Even in the absence of a new crisis, soaring debt servicing costs will constrain efforts to tackle climate change and care for aging populations. Mortgage rates and other borrowing costs soared as investors demanded much higher premiums for owning UK debt. Mounting debt and political brinksmanship have already taken their toll on America’s credit rating, which typically affects borrowing costs for the government, businesses and households. And that would increase the government’s borrowing costs.
Persons: worryingly, Michael Saunders, , Saunders, that’s, Liz Truss, Dave Ramsden, Fitch, Moody’s, Raghuram Rajan, “ It’s, ” Rajan, Anna Cooban Organizations: London CNN —, Bank, CNN, Oxford Economics, Bank of England, AAA, States ’, Reserve Bank of India, Labour Party, Treasury Department, Federal, University of Chicago Booth School of Business Locations: Davos, Kingdom, Argentina, States, United States, Switzerland
Offices Around America Hit a New Vacancy Record
  + stars: | 2024-01-13 | by ( Konrad Putzier | ) www.wsj.com   time to read: 1 min
With housing in short supply, developers are converting more empty offices into apartments. But not all buildings are candidates for reuse. Photo Illustration: Amber BragdonAmerica’s offices are emptier than at any point in at least four decades, reflecting years of overbuilding and shifting work habits that were accelerated by the pandemic. A staggering 19.6% of office space in major U.S. cities wasn’t leased as of the fourth quarter, according to Moody’s Analytics, up from 18.8% a year earlier. That is slightly above the previous records of 19.3% set in 1986 and 1991 and the highest number since at least 1979, which is as far back as Moody’s data go.
Persons: Amber Bragdon Locations: U.S, wasn’t
CNN —He’s been known as the Crown Prince of Denmark since the age of three, but on Sunday, he will leave Copenhagen’s Christiansborg Palace as King Frederik X, sovereign of Europe’s oldest monarchy. Denmark's Crown Prince Frederik will take over from his mother, Queen Margrethe II, when she formally steps down as monarch on Sunday. His forename was chosen in line with the Danish royal custom of the heir apparent being named either Frederik or Christian. Crown Prince Frederik began his military education in 1986 in the Queen's Life Guard Regiment. “Crown Prince Frederik is a much more informal person than his mother,” said historian Lars Hovbakke Sørensen.
Persons: CNN — He’s, Prince of, King Frederik X, Queen Margrethe II, Danes, Margrethe, Britain’s Queen Elizabeth II, Denmark’s, Prince Frederik, Hasse Nielsen, , ” Birgitte Borup, Berlingske, “ Queen Margrethe, Borup, Frederik, , Frederik André Henrik Christian, Prince Henrik, Christian, Prince Joachim, Joergen Jessen, Ritzau Scanpix, Frederik Henriksen –, Frederik –, , “ Pingo, Ida Marie Odgaard, King Charles III, Lars Hovbakke Sørensen, Trine Villemann, ” Chance, Mary Elizabeth Donaldson, Mary didn’t, Mary, VII's, Queen, , John Donaldson, Susan Moody, Ian Waldie, Isabella, Vincent, Josephine, Queen Margrethe, Villemann, Frederik ”, Princess, Wales, she’s Organizations: CNN’s Royal, CNN, Life Guard Regiment, Getty, Aarhus University, Harvard, UN, Danish, Frogman Corps, International Olympic, Copenhagen Cathedral Locations: Prince of Denmark, Copenhagen’s, Europe’s, Danish, Copenhagen, Normandy, France, AFP, Paris, New York, Greenland, Denmark, Faroe Islands, , Sydney, Australia
Experts in housing, building, and urban planning say it may be difficult to convert office space to livable, likeable residential housing, but there’s an urgent reason they’re trying. More office space is sitting empty in the United States than at any point since 1979, Moody’s Analytics reported earlier this week. By some estimates, only 3% of New York City office buildings and 2% in downtown Denver are suited for residential conversions. Office space and homes are two fundamentally different types of buildings, according to builders and architects. Do you have another building where you can move them?”As result, according to Theodos, office conversions are not a solution to either the empty office glut or the housing supply shortage.
Persons: Biden, , Harold Bordwin, Keen, Brett Theodos, ” Bordwin, , ” Maren Reepmeyer, ” Theodos, , Nathaniel Meyersohn, Donald Judd Organizations: DC CNN, Moody’s, National Association of Realtors, Summit Capital Partners, Metropolitan Housing, Policy Center, Urban Institute, , CBRE, Wacker, Chicago Business Locations: Washington, New York, Boston, Cleveland, United States, Manhattan, , New York City, Denver, Chicago, Theodos
In this article HLAG-DEMAERSK.B-DK Follow your favorite stocks CREATE FREE ACCOUNTA ship transits the Suez Canal towards the Red Sea on January 10, 2024 in Ismailia, Egypt. Sayed Hassan | Getty ImagesU.S. shipping costs are spiking as attacks in the Red Sea disrupt global trade, raising fears that inflation might pick up again if the disruption persists. But the Red Sea crisis is now having a significant impact further afield with shipping costs between Asia and the U.S also spiking. Shipping rates from North Asia to the U.S. East Coast have jumped 137% to $5,100 for a 40-foot container from early October, according to S&P Global. JPMorgan told clients on Tuesday that the fight against inflation could stall in the coming months if shipping costs push the price of goods higher.
Persons: Sayed Hassan, John Kirby, Kirby, Biden, Chris Rogers, Mark Hopkins, we're, Hopkins, It's, Balika Sonthalia, Sonthalia Organizations: Getty, P Global Market Intelligence, P, U.S ., U.S . East Coast, U.S . West Coast, JPMorgan, Federal Reserve, . National Security, White, Moody's, CNBC, Kearney, The New, The New York Federal, HSBC Locations: Suez, Ismailia, Egypt, South Africa, Asia, Europe, North Asia, Israel, U.S, U.S . East, U.S . West, The New York, Panama
Fondation Foujita/Artists Rights Society, New York/ADAGP, Paris/Christie's/Bridgeman Images/Courtesy Barnes FoundationA portrait of Marie Laurencin by Man Ray, 1925. Fondation Foujita/Artists Rights Society, New York/ADAGP, Paris/Bridgeman Images/Courtesy Barnes Foundation"The Woman-Horse (La femme-cheval)," from 1918. Fondation Foujita/Artists Rights Society, New York/ADAGP, Paris/Courtesy Barnes FoundationBut as definitions of femininity have expanded in recent decades, so too has appreciation for Laurencin’s idyllic, women-only world. She often titled her portraits of women “Friends” or “Two Friends,” leaving the exact nature of their intimacy unclear. It’s almost like a radical utopia… a world of women, for women, by women,” Kang said.
Persons: peintre, modèle, Christie's, Marie Laurencin, Man Ray, CNN — Marie Laurencin’s, , Pablo Picasso, Georges Braque —, Simonetta Fraquelli, ” Fraquelli, , Laurencin, Cindy Kang, Barnes, Francisco Goya, Kang, don’t, , Académie Humbert, wasn’t, Rachel Silveri, Adrienne Monnier, airheads, Mademoiselle Chanel, — Picasso, Jean Cocteau, Paul Rosenberg —, Coco Chanel, Maud “ Emerald, Jacques Faujour, Dove ”, Nicole Groult, “ It’s, ” Kang, Natalie Clifford Barney, Gertrude Stein, Berenice Abbott, Otto von Waetjen, Guillaume Apollinaire, Suzanne Moreau, , Musée de, Herve Lewandowski, — Laurencin, Marshal Philippe Pétain, Moreau, Masahiro Takano, Albert C, hasn’t, we’ve Organizations: Foujita, Artists Rights Society, CNN, grays, Barnes Foundation, Palais, Art, Fraquelli, Groult, Museum, Marie, Marie Laurencin Museum Locations: New York, ADAGP, Paris, Philadelphia, Sapphic Paris, Spain, Musée de l'Orangerie, Vichy France, Japan, Tateshina, Japan’s Nagano, Tokyo,
The national office vacancy rate has hit a record 19.6%, according to Moody's Analytics. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAmerica's offices are trending in the wrong direction, even as the broader US economy looks to be on solid footing. According to a report from Moody's Analytics, which described the US office market as being in "uncharted territory" in a report on Monday, the national office vacancy rate climbed 40 basis points last quarter to a record-breaking 19.6%.
Persons: Organizations: Service, Moody's, Capital
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