Starwood

The New American Dream: Rent Your Home From A Hedge Fund

"...there’s essentially an ‘arms race’ building among the world’s biggest funds to control the market, squeezing small, individual investors out of the 'buy-to-rent' housing market...the American Dream of owning your own home has been fading."

Europe, US Futures Slip Despite Brent Bouncing Back To $51

Asian stocks rise lifted by commodity names; European equites trade mostly lower but with little in the way of conviction or firm direction while the Italian banking index is at the highest level in a year following domestic earnings; S&P index futures are modestly in the red after the cash market closed at a record high Wednesday and investors prepared for earnings from retailers.

Frontrunning: January 20

  • How Trump Aims to Broadly Reshape Policy (WSJ)
  • Trump Calls for Unity at Opening Concert as Inaugural Festivities Begin (NYT)
  • Trump Takes the Reins of a Deeply Divided Nation (BBG)
  • Washington braces for anti-Trump protests, New Yorkers march (Reuters)
  • After the Parties, a Protest for the Ages (WSJ)

The Chinese Buyers Are Back: China Oceanwide Acquires Genworth For $2.7 Billion

China Oceanwide Holdings, a Chinese financial conglomerate, agreed to buy US insurer Genworth Financial for $2.7 billion in cash, a 4% premium to closing, and pledging to help the U.S. firm manage its debt and strengthen life insurance units after it was hurt by higher-than-expected losses tied to long-term care coverage.

US Futures, Global Stocks Mixed After Lackluster Chinese Economic Data; Oil Rises Over $51

US futures were little changed, with European shares lower, and Asian stocks higher as caution returned after last night's Chinese economic data did little to clear up how the world's second largest economy is performing, and provided few positives for investors ahead of the third and final U.S. presidential debate; imminent announcements from both the ECB and the Fed also will keep traders on their toes today.

Son Of China's "Grand General" Reveals Reason Behind China's Capital Flight"

China’s most politically powerful families had been transferring money out of the country for some time. “They don’t believe they will hold on to power long enough — sooner or later they would collapse,” said Mr. Luo, a former colonel in the Chinese Army whose younger brother was a business partner with one of Anbang’s founders. “So they transfer their money.”