China’s Manufacturing Sector Just Hit A 51-Month Low
The official China PMI eased from 49.4 in January to 49.0 in February – its lowest level in 51 months. The PMI number for February fell short of consensus expectations of 49.4.
Macau Gaming Revenue Nearly Flat In February
According to data released by the Macao Gaming Inspection and Coordination Bureau, gaming revenue in the month of February came in at 19.5 billion patacas, only about 0.1 percent lower than February 2016’s number.
Blackstone Mortgage Trust : The Best Play on Stalled Rates?
The Federal Reserve interest rate hike of the new tightening cycle finally came in December, but global economic growth weakness may now mean that future rate hikes are already on hold. While most investors are now focused on the implications for bank stocks,Blackstone Mortgage Trust (BXMT) REIT may be the best under-the-radar way to play a…
Bank Breakup Talk: Ideology Versus Reality
The S&P 500 has started off on shaky ground so far in 2016, but few stocks have been hit as hard as big bank stocks Bank of America(BAC), Citigroup (C) and Morgan Stanley (MS), all of which are already down more than 25% this year.
5 Common Car Leasing Mistakes: Are You Making Them?
The idea of leasing a car is appealing for many drivers because the cost to lease a new and/or higher-end car model is often more affordable than the cost of a purchase. However, according to Bankrate, there are five common mistakes that drivers make when leasing a car that end up hurting their pocketbooks more…
The Auto Loan Market Is Beginning To Look Like 2008’s Housing Bubble
The latest numbers in the asset-backed securities (ABS) market are drawing some unfavorable comparisons to derivative market dynamics prior to the Financial Crisis. A new report by Wells Fargo indicates that, while the overall ABS market has cooled so far in 2016, subprime auto loan ABS origination has been on the rise.
Buffett Plans To Give Any Employee Who Picks Perfect Sweet 16 $1M A Year For Life: What Are The Odds?
It’s that time of year again when everyone with any level of knowledge (or no knowledge whatsoever) sits down and spends anywhere between a few minutes and a few sleepless nights agonizing over their NCAA March Madness bracket.
Would Buffett Support An IBM Watson Spinoff?
Warren Buffett, CEO of Berkshire Hathaway Inc. IBM 1.44%. IBM’s stock is down more than 28 percent in the past two years, but Buffett still sees a lot of value in IBM’s question-answering supercomputer, Watson.
The Top 10 M&A Spread Opportunities In The Market
According to the latest spreads by Sin Letter, there are currently some huge M&A arbitrage opportunities in the market. However, the bigger the spread, the bigger the risk, and a large spread is often an indication of market skepticism that the deal will ultimately go through.
3 Mega Biotechs Leerink Loves
Leerink has released three new reports on some Outperform-rated big-name biotech stocks that the firm’s analysts like in coming months. Here’s a look at what the analysts had to say.