UK Manufacturing Growth Picks Up to 2.5-Year High

UK Manufacturing Growth Picks Up to 2.5-Year High

UK manufacturing growth accelerated to the fastest since June 2014 last month led by higher demand for British-made goods at home and abroad and a pickup in new orders, IHS Markit said. The Markit/CIPS UK Manufacturing Purchasing Managers Index (PMI) rose to 56.1 in December from 53.6 in November, Markit, which compiles the survey, said on its website on Tuesday. Economists predicted a drop in the index to 53.3, according […]

Read More ˃
Bonds Aim Higher Following PMI Miss

Bonds Aim Higher Following PMI Miss

U.S. Treasuries were mixed Friday quietly adding to the upside following an unexpectedly wider drop in the Chicago Purchasing Managers’ Index (PMI). The shorter end has led the push higher while the long bond lags, holding near unchanged. The market is plagued by holiday-thinned volumes as well as concerns that large institutional accounts may exacerbate any swings. Talk has already turned to next Friday’s December employment report with payrolls seen […]

Read More ˃
Four Corners Property Trust Acquires Four Burger King Restaurant Properties

Four Corners Property Trust Acquires Four Burger King Restaurant Properties

Four Corners Property Trust said late Wednesday it has acquired four Burger King properties leased to Cambridge Franchise Holdings for $7.7 million. The properties are located in Tennessee and are occupied under new, individual triple-net leases with 20-year terms and above brand average performance. The deal is a follow-on from a previous transaction with Cambridge in October at the same going-in cash cap rate. Cambridge is a 102-unit franchisee that […]

Read More ˃
Wall Street Pre-Bell Eyes Records

Wall Street Pre-Bell Eyes Records

Wall Street pre-bell Wednesday was leaning towards new records, with U.S. stock index futures pointing an opening bell up about 0.20% from Tuesday’s close. In Europe, the bourses are mixed with London higher but continental indexes down, and Asia closed mixed but higher. In Tokyo, electronics-and-industrial giant Toshiba dropped 20.4%, its second double-digit down day consecutively, on news of large losses tied to its North American nuclear-power business. Qualcomm (QCOM) […]

Read More ˃
Siebert Financial Names New COO

Siebert Financial Names New COO

Siebert Financial named Andrew Reich as its newest chief operating officer and chief financial officer as a part of its acquisition agreement, according to a company filing with the U.S. Securities and Exchange Commission. Reich comes to the company from StockCross Financial Services, where he worked from 2002 to 2015. Reich replaces Joseph Ramos, who along with four board members, is resigning. The changes come as a part of the […]

Read More ˃