Big Data Download - CNBC | Yahoo Finance
- Christina Medici Scolaro at Big Data Download1 day ago
There’s been a surge of new bond issues in the past month. “It falls into the category of one person’s problem is another person’s benefit. The issues we’ve seen in Russia, the wobbles in the emerging markets [have] created a lot money flowing into the credit markets, both in the U.S. and Europe and that’s created great opportunities for corporations to borrow money in these deep pockets of money,” said Mark Howard, managing director and head of U.S. credit strategy at BNP Paribas.
Corporate borrowers continue to have unfettered access to U.S. credit markets. This allows them to boost share buybacks and dividends, rewarding shareholders despite sluggish growth and moderate expansion plans, according to Howard. Howard says the recent surge in investment-grade borrowing from blue chip companies has been to extend their maturities. More recently, it’s been the lower quality companies stepping up and becoming more active.
RELATED:Consumer spending: Drab at best
- Big Data Download3 days ago
Retirees and soon-to-be retirees may be confident in their ability to make the right Social Security claims decisions, but many could still end up losing out on as much as $250,000, according to a recent study.
That's because many Americans are simply not aware of their options, such as delaying their claims until they're 70 years old, according to experts at retirement plan manager Financial Engines.
"Near retirees ... really don't understand Social Security and are basically overconfident," said Kelly O’Donnell, executive vice president of Financial Engines.
About 77 percent of retirees or near retirees are confident about making Social Security decisions, according to a Financial Engines survey of 1,008 people between the ages of 55 and 70. Meanwhile 73 percent of those surveyed who took an eight-question quiz about Social Security scored a C or worse.
- Big Data Download10 days ago
Spring breakers are ready to flock to warmer destinations this month and next, and some will be spending more on their vacations than they did last year, according to recent travel booking data.
Five of the top 10 most-popular spring break destinations are in Mexico and the Dominican Republic and five are in relatively warm-weather climates in the United States, according to Orbitz.com hotel booking data for trips between March 15 and April 30. New York is the only spring break destination in the top 10 located in the Northeast.
"Overall, hotel rates are up about 6 percent over the spring break period. However, Las Vegas is our most popular destination this year, with the most affordable hotel rate of about $115 a night," said Marita Hudson Thomas, an Orbitz.com spokeswoman. Hotels in Orlando, Fla., a popular family destination, are also affordable, at about $125 a night.
- Big Data Download16 days ago
Winter storms have battered several regions around the country, but harsh weather isn't totally to blame for a less-than-stellar housing market, according to one economist.
In fact, home sales began to slow before winter, noted BNP Paribas U.S. Economist Yelena Shulyatyeva.
"We saw existing home sales peaking in the middle of last year, in July, and since then, existing home sales have been on a downward trend," she said.
What's more, the West, which has largely escaped snowstorms, has seen disappointing home sales because fewer distressed properties available for sale there means it is more difficult to find deals, according to Shulyatyeva.
- Big Data Download18 days ago
Being part of a traditional, all-season-long fantasy sports league is common for sports fans, but participating in your favorite fantasy sport on a daily basis is growing in popularity, according to Tom Griffiths, co-founder of FanDuel.com.
In May, FanDuel surveyed 2,000 of its players about how daily fantasy is introducing fans to new fantasy sports.
“One-day fantasy sports players consume 40 percent more sports content than before they started playing,” Griffiths said. “Whether that’s through watching games, tracking athletes’ Twitter accounts or reading news online.”
According to the survey, nearly one-third of daily players intend to reduce or stop participating in traditional fantasy sports.
Griffiths also noted that the average FanDuel player is in their late 20s, while the average traditional fantasy player is in their mid-40s.
“Daily fantasy is the next generation of fantasy sports. It not only brings in younger players but also takes sports fans away from the traditional, season-long fantasy format and into new fantasy sports such as baseball and basketball,” he said.
- Big Data Download24 days ago
The consumer makes up a large part of the greater economic picture, but the picture is dull at best. Retail sales fell for the second month in a row in January—adding to mounting evidence consumers started 2014 on a sour note.
Last month retail sales dropped by 0.4 percent. “A lot of analysts and economists have tried to explain that away because of weather, but it’s very clear that we’ve seen this declining trend since an outside spending pattern in October,” said Lindsey Piegza, chief economist at Sterne Agee.
If the consumer is not out there spending, the outlook for growth remains weak. “The consumer losing momentum through the fourth quarter, carrying over into the start of the new year and going forward without sustainable job and income growth, it’s very likely that we continue this tepid pace of consumption,” said Piegza.
- Big Data Download1 mth ago
Warm destinations dominate the top travel spots for this Valentine's Day weekend, according to travel booking data.
Places like Cancun, Mexico; Punta Cana, Dominican Republic; and Honolulu are among the top destinations, according to Orbitz.com hotel booking data.
The No. 1 destination was Las Vegas, said Jeanenne Tornatore, senior editor at Orbitz.com. She said consumers voted it as the sexiest city in America, and the average hotel rates over the holiday weekend were $131 a night. “It's really reasonable in terms of affordability for the holiday weekend," she said.
But Valentine’s travelers aren't just sticking to warm places. Many lovebirds will be traveling to snowy New York and Chicago this weekend as well, or at least they planned to based on the booking data.
- Big Data Download1 mth ago
Money has been pouring out of emerging markets as investors continue to worry about slower growth in countries such as Brazil and China and the end of the U.S. Federal Reserve's monetary stimulus program. Outflows remain high at $2.5 billion, but are below previous outflows of $6.5 billion, according to Clifford Davis, head of institutional equity derivative sales at BNP Paribas. If you're looking to put your money to work somewhere with less risk, Davis points out that U.S. indexes get the least amount of their revenues from emerging markets. The Russell 2000, S&P 500 and the Nasdaq 100 get just 15 to 20 percent of revenues from emerging markets. On the other hand, Hong Kong’s Hang Seng, Brazil’s Bovespa and Korea’s Kospi indexes get about 90 percent of total revenues from emerging markets. Davis said for those who still want exposure to emerging markets, the easiest way would be through an exchange-traded fund called EEM. Top equity holdings in EEM include Samsung Electronics, Taiwan Semiconductor, Tencent Holdings and China Mobile. Shares of EEM are down about 3.7 percent year-to-date. Comments? Questions? Concerns? Tweet Us @BigDataDownload.
- Big Data Download1 mth ago
The bitter cold winter has been brutal for many retailers at the close of their fiscal year, but the weather could be on their side come spring. One reading on spring weather is on the way this weekend, with Groundhog Day signaling either six more weeks of winter or the start of spring, but more scientific readings from weather forecasters suggest that relief for many retailers could come in March and April, according to one weather expert.
- Big Data Download1 mth ago
The women’s labor force has grown tremendously in recent decades, making up almost half the entire U.S. workforce, yet the wages they earn haven’t caught up to their male counterparts. Women start behind and never catch up. Two years after graduating with the same degree as a woman, a man working the same number of hours in the same type of job will earn almost $10,000 more, said Rosalind Barnett, a Brandeis University researcher and author of “The New Soft War on Women.” Over a career, a woman with a bachelor’s degree will earn a third less than a man with the same degree, Barnett told Big Data Download. Women are judged on what they have actually done, but promise and potential is enough for a man to move up the corporate ladder, Barnett said.