Wednesday, November 1, 2017

'Act of terror': At least 8 dead in New York City after truck driver plows into crowd

'Act of terror': At least 8 dead in New York City after truck driver plows into crowd

new york shootingPolice respond after a rental truck hit pedestrians in downtown Manhattan, New York City. Associated Press
  • A terror attack in New York City left eight people dead on Tuesday after a driver plowed a truck down a bike lane, hitting cyclists and pedestrians.
  • New York police arrested one suspect and said the threat is over.
  • Officials are investigating the incident as a terrorist attack.


At least eight people were killed in New York City on Tuesday after a man rammed a pickup truck into cyclists and pedestrians on a busy Manhattan bike lane, collided with a school bus, and jumped out brandishing fake guns, police said. They described the incident as an act of terror.
The suspect was arrested after being shot by a uniformed officer shortly after the crash. Authorities said the man acted alone and there was no longer an active threat as of Tuesday afternoon.
"This was an act of terror, and a particularly cowardly act of terror aimed at innocent civilians," Mayor Bill de Blasio said at a press conference.
Six of the fatalities from the attack were pronounced dead at the scene, all of whom were males, Fire Commissioner Daniel Nigro said. The two other fatalities were pronounced dead at the hospital. Another 11 people were taken to the hospital with serious, but not life-threatening injuries.
Police did not name the suspect, but said he was a 29-year-old man. Media outlets, however, quickly began reporting his identity as Sayfullo Saipov, a 29-year-old resident of Tampa, Florida, according to ABC News. Saipov is originally from Uzbekistan and came to the US in 2010, CNN reported
BI_Graphics_NYC attack_02Mike Nudelman/Business Insider
The attack began around 3:05 p.m. on Tuesday, when the suspect drove a rented Home Depot pickup truck down the West Side Highway bicycle path, entering at Houston Street, New York Police Department commissioner James O'Neill said at a press conference.
Media outlets reported that the driver of the vehicle drove into the bike lane for more than 10 blocks in the wrong direction, hitting cyclists and pedestrians along the way. 
The vehicle continued south and struck the school bus at Chambers Street, injuring two adults and two children, O'Neill said. The driver then exited the vehicle brandishing "imitation firearms" that were later revealed to be a pellet gun and a paintball gun, and was shot in the abdomen by a cop.
Some witnesses said they heard the suspect shouting "Allahu akbar," an Arabic phrase used by Muslims meaning "God is great," as he exited the truck.
"This is a tragedy of the greatest magnitude," O'Neill said.
Shortly after the incident, social media began flooding with photos and unconfirmed accounts from the scene.

nyc shootingvia Snapchat Maps

I hope everyone’s ok. Was half a block from me, didn’t see it but heard 8-10 quick rounds fired off. Be safe with your kids out there.



Once I got far enough away I took this video of the quick response from our amazing NYPD and NYFD
"I was just walking out of school heading in that direction and heard the shots," a student at nearby Borough of Manhattan Community College told Business Insider. Several nearby buildings, including Stuyvesant High School, were put on lockdown following the incident.
President Donald Trump has also been briefed, the White House said. At 5:30 p.m., the president tweeted, "In NYC, looks like another attack by a very sick and deranged person. Law enforcement is following this closely. NOT IN THE U.S.A.!"

Tuesday, October 31, 2017

America's biggest companies are investing more in themselves — and it's causing a huge shift in the stock market

America's biggest companies are investing more in themselves — and it's causing a huge shift in the stock market

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train track split shiftReuters / Gonzalo Fuentes
  • Investors have historically favored companies that return capital to investors through dividends and share buybacks.
  • That's shifted over the past two years as traders have started to reward companies that invest in themselves.


Going back decades, investors have traded stocks with their own best interests in mind.
That means favoring companies that use capital to directly enrich shareholders. Since 1991, S&P 500 stocks offering the highest combined dividend and share-buyback yields have returned an annualized 15.5%, according to data compiled by Goldman Sachs.
That has outpaced comparable returns for companies spending the most to grow their businesses organically — a measure also known as capital expenditures, or capex — and it has also beaten returns for the benchmark index itself, according to Goldman data.
But as companies increasingly invest in themselves, that's all changing.
Since the beginning of last year, a Goldman-curated basket of stocks spending the most on capex and research and development has beaten a similarly constructed index of companies offering high dividends and buybacks by a whopping 21 percentage points. That outperformance has totaled 11 percentage points in 2017 alone, according to the firm's data.
Goldman also forecasts that companies will boost capex by 8% in 2018. And in Goldman's mind, it's at least partially a reaction to economic conditions that are grinding out slight improvements over time.
"Investors should continue to reward firms positioning themselves for future growth given a solid but unspectacular economic backdrop," David Kostin, the chief US equity strategist at Goldman Sachs, wrote in a client note.
10 30 17 capex and r and d COTDTraders are starting to reward companies that invest in improving themselves organically, a shift from the past three decades.Goldman Sachs
So how do you take advantage of this? By zeroing in on the companies offering the most in the way of capex, of course.
Goldman's capex and R&D basket contains 50 companies across a wide range of sectors, with the heaviest concentrations in consumer discretionary, healthcare, industrials, and tech. Here's a sampling of its 10 most pronounced components, ranked by the companies spending the most on reinvestment, relative to market cap:

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