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September, 2019

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Five communities involved in 3-alarm Fitchburg fire response

Firefighters from multiple communities on Sunday evening were battling a -alarm fire at a condominium complex at the corner of Salem and Beekman streets in Fitchburg, according to Fitchburg Fire Department officials.

According to Deputy Chief Anthony Marrama, firefighters responded to a fire at Beekman St. shortly before p.m. on Sunday.

As of roughly : p.m., the fire was still active, according to Marrama. He said the fire was a “special call,” meaning additional resources beyond those deployed for a normal -alarm fire were involved in the response.

Marrama said that five different communities are participating in the response to the fire, and that there had been no injuries.

Fire Chief Kevin Roy said that rescues had taken place, but did not specify how many or elaborate any further.

A full-floor apartment at a tony Upper East Side building hit the market Tuesday with a $. million price tag.

Located directly across Fifth Avenue from the Metropolitan Museum of Art, the -story apartment building, which was reportedly once lived in by actress— and later Princess of Monaco—Grace Kelly, was designed by leading architect J.E.R. Carpenter in . 

“The holy grail of New York City architecture are the grand scale pre-war buildings,” the premier buildings being those designed by Carpenter and his predecessor Rosario Candela, said listing agent Dan Kessler, who listed the property along with Byron Anderson of Compass.

“Only two of Carpenter’s buildings have been converted into condos and only one of those buildings is on Fifth Avenue,” Kessler said. Condo ownership presents more flexibility than owning a co-op or an apartment, he added. Condos boards are also more open to foreign buyers.

The wedding cake-style building has multiple distinct tiers decreasing in square footage as the floors increase. This penthouse sits on the penultimate floor of the first tier. “It’s the highest you can be with the largest floor plan,” Kessler said.

More: Newly Renovated House in Bristol Lists for £. Million

The four-bedroom apartment—one of just units in the building—is being sold by a former Morgan Stanley executive who purchased the home in for $. million, property records show.

Spanning , square feet, and entered through a marble-clad private elevator landing, the home has a living room with a wood-burning fireplace and windows looking out over the museum and across Central Park, according to the listing.

There is also a French-polished mahogany library, a formal dining room, a kitchen with an adjacent breakfast room, and separate staff quarters.

From Penta: Art by Women Remains Underrepresented

The Fifth Avenue building has been “home to prominent New Yorkers from the beginning,” the listing said.

Along with Kelly—who reportedly lived there prior to her marriage to Prince Rainier of Monaco—it was also home to Sylvia Green Wilks, the daughter of Wall Street scion Hetty Green, according to the listing. Green Wilks reportedly lived across two floors of the building, using one for her home and the other to store her surplus furniture. 

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Did International Alliance Financial Leasing

It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that there are more than a few examples of insiders dumping stock prior to a period of weak performance. So before you buy or sell International Alliance Financial Leasing Co., Ltd. (HKG:1563), you may well want to know whether insiders have been buying or selling.What Is Insider Selling?

It is perfectly legal for company insiders, including board members, to buy and sell stock in a company. However, most countries require that the company discloses such transactions to the market.

Insider transactions are not the most important thing when it comes to long-term investing. But equally, we would consider it foolish to ignore insider transactions altogether. As Peter Lynch said, ‘insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.’

See our latest analysis for International Alliance Financial LeasingInternational Alliance Financial Leasing Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider purchase was by CEO & Executive Director Luqiang Li for HK$501k worth of shares, at about HK$1.00 per share. Even though the purchase was made at a significantly lower price than the recent price (HK$1.30), we still think insider buying is a positive. Because it occurred at a lower valuation, it doesn’t tell us much about whether insiders might find today’s price attractive.

You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

SEHK:1563 Recent Insider Trading, September 13th 2019More

International Alliance Financial Leasing is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.Insider Ownership of International Alliance Financial Leasing

For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. International Alliance Financial Leasing insiders own about HK$1.0b worth of shares (which is 53% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.What Might The Insider Transactions At International Alliance Financial Leasing Tell Us?

The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about International Alliance Financial Leasing. Looks promising! Along with insider transactions, I recommend checking if International Alliance Financial Leasing is growing revenue. This free chart of historic revenue and earnings should make that easy.

But note: International Alliance Financial Leasing may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

Story continues

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.

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JP Morgan has created an index to track the effect of Trump’s tweets on financial markets: ‘Volfefe index’

President Donald Trump speaks as he receives a status report on Hurricane Dorian in the Oval Office of the White House in Washington, September , .

Jonathan Ernst | Reuters

Donald Trump is tweeting more and it s affecting the bond market.

In fact, the president s market-moving tweets ballooned in August as he hammered China on trade and went after the Federal Reserve on interest rates.

In an attempt to quantify the impact of Trump s tweets on the bond market, J.P. Morgan devised a Volfefe Index to analyze how the president s tweets are influencing volatility in U.S. interest rates.

J.P. Morgan found that the index, named after Trump s infamous and still mysterious covfefe tweet, explains a measurable fraction of the moves in implied rate volatility for -year and -year Treasurys.

This makes rough sense as much of the president s tweets have been focused on the Federal Reserve, and as trade tensions are broadly seen as, first and foremost, impactful on near-term economic performance and, likewise, the Fed s reaction to such developments, wrote the authors of the J.P. Morgan report.

Trump s market-moving messages most often address trade and monetary policy, with key words including China, billion and products. These tweets are increasingly less likely to receive favorable responses, such as likes or retweets, from the president s followers.

Since his election in , Trump has averaged more than tweets a day to his nearly million followers —roughly , total over that period associated with his personal account, of which more than , occurred after the inauguration.

Out of about , non-retweets occurring during market hours from to the present, only moved the market.

Most of Trump s tweets come around noon to : pm, with a : pm tweet roughly three times as likely to arrive at any other hour of the afternoon or evening, according to J.P. Morgan s report.

Trump s : am tweets are also more common than : pm tweets, which can be a nuisance for U.S. rates markets, since overnight market depth tends to be thin.Trump is presumably asleep from : am to : am, according to the report, since there s a lull in tweeting activity during that time.

Days when Trump tweets a lot are also associated with negative stock market returns, according to Bank of America Merrill Lynch.

While Trump s activity can disrupt markets with sudden attacks on China trade or the Federal Reserve, he has still been good for the stock market overall. The Dow is up % since the presidential election and % since his inauguration.

Trade talk, political campaigning and tweets have contributed to volatility, from China to Fed policy to tax policy, wrote the brokerage s chief equity strategist Savita Subramanian.

And new tariffs announced in August indicate downside risk to our EPS growth forecasts of +%+%, where indirect impacts from hits to corporate or consumer confidence could be significant.

WATCH: How JP Morgan Chase became the largest bank in the US

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Old Westbury president addresses mold problem in residence halls

The Rev. Calvin O. Butts III used his annual convocation speech at SUNY Old Westbury on Wednesday to touch on an unusual topic: mold.

The college’s president said students had raised concerns that the mold problem in residence halls, dating to at least last year, remained unresolved. But SUNY Old Westbury is taking steps to eliminate it, he said. 

“Let me state clearly that I hear and understand your concerns,” Butts told several hundred students and faculty members gathered in the university’s athletic center. “I can’t stress enough how much we’d like to see this remedied as much as you.”

Some student activists said the problem persisted and had even resulted in the hospitalization of several undergraduates.

“It’s been really serious,” said Noa Caines, , a junior from Manhattan who set up a page about the issue. “We are trying to get the message out there in the most peaceful way possible.”

College officials said they knew of one student who went to the hospital for treatment for possible mold-related problems in August, and two last year. Butts said college officials had received four confirmed reports of mold issues from students during the summer and since students moved into dorms for the fall semester around Aug. .

“In all of these cases, we responded within hours and remedied the concerns immediately,” Butts told the crowd.

In an interview, he also said the college had been in touch with the New York State Department of Health and SUNY system state officials.

“They seem to feel that we have taken the proper measures and the condition has been remedied,” Butts said.

He and college spokesman Michael Kinane said steps taken include deep cleaning of the dorms with anti-mold materials, installation of commercial dehumidifiers, and cleaning of AC and heating units.

Caines was not convinced.

“It is really difficult because the school’s entire slogan is ‘Own Your Future,’ but it’s like how can you own your future if you are spending more time in the hospital than you are getting your education and getting your degree,” she said.

Butts praised Caine and others for speaking out. “For those students voicing their opinion today I applaud you for expressing yourselves,” the longtime civil rights leader said, noting, “I too come out of a season of protest.”

“Advocating for yourselves and for a change you think is needed are part of the spirit of this place we call SUNY Old Westbury.”

But Butts added, “If you are asking me to make mold not grow, well that is not within my power. What is in my authority is to try to make the conditions in our residence halls at least as not conducive as they can be to the mold. And I believe we have done and are doing that.”

Bart Jones covers religion at Newsday, where he has worked since , and is a former foreign correspondent for The in Venezuela.

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