Apple has slumped particularly hard on fears that its newest crop of iPhones isn't as popular as expected after phone-part suppliers gave discouraging forecasts. Apple has plunged 19.6 percent since the S&P 500 set its record two months ago, nearly double the loss of the index. Amazon, the third-most valuable U.S. company after Apple and Microsoft, has fallen 23.1 percent over the same time, during which it gave a forecast for revenue growth this holiday season that fell short of Wall Street's high expectations. … [Read more...] about Investor Behavior Shifts Amid Falling Stocks
Dalbar quantitative analysis of investor behavior 2016
Beneficial owners of more than 5% of a registered class of a company’s stock must use Schedule 13D and Schedule 13G to report holdings or intentions with respect to the respective company. According to legislative history, Section 13(d) is a key provision that allows shareholders and potential investors to evaluate changes in substantial shareholdings. The duty to file is not dependent on any intention by the stockholder to gain control of the company, but on a mechanical 5% ownership test. A Schedule 13D must be filed within ten days of the transaction, and a Schedule 13G must be filed within 10 to 45 days of the transaction, depending on the category of filer and the percentage of acquired ownership. Importantly, Section 16(a) also requires an investment adviser to file required reports of behalf of funds that it manages when the fund’s ownership or transactions in securities exceed the statutory thresholds. … [Read more...] about SEC’s Broken Window Enforcement Program Gets a Boost from “Quantitative Analytics” and “Algorithms”
The most recent gauge of U.S. involvement in Syria was a July poll by Chicago Council on Global Affairs, which found 57 percent of Americans overall favored using U.S. troops, "to fight against violent Islamic extremist groups in Iraq and Syria." Broken down by party, support for U.S. troop involvement was highest among Trump's fellow Republicans at 69 percent, compared with 54 percent of Democrats and 51 percent of independents who supported U.S. troops for this purpose. … [Read more...] about Analysis: Trump’s pullback in Syria runs strongly against the views of his political base
The regulations are not clear as to the result where a bond-financed facility is owned by the political subdivision or exempt person but is operated by a nonexempt person under a contract. Obviously, the mere fact that a nonexempt person makes a profit, in his trade or business, with respect to certain aspects of bond-financed facilities, is not fatal. The architect who designs a state office building, and the contractor who constructs it, no doubt make a profit, but their activity ordinarily does not constitute a ‘use’ of the facility that will satisfy the ‘trade or business’ test. Often, bonds are issued to enable a political subdivision or exempt person to finance aspects of their governmental or exempt function. Sometimes the governmental or exempt function is carried out by way of contract with a nonexempt person who provides a commodity or service. Such arrangements do not necessarily amount to a ‘use’ of bond proceeds … [Read more...] about Following Revenue Procedure 2016-44, Is There Still A ‘Facts And Circumstances’ Test For Private Business Use?
Pittenger lost his primary to Mark Harris, meaning that he won’t be on the ballot in November and therefore won’t be in Congress next year. While the nature of his departure from the House is unique this year (so far), that he won’t be returning is not. In fact, according to Washington Post analysis of the House’s Class of 2016, nearly 16 percent of those who won on Nov. 8, 2016, won’t be in Congress next January. … [Read more...] about A fifth of the Republicans elected to the House in 2016 won’t be there next year