Weekly News Round Up: Consumer Optimism Continues; IPO Market Drops to 7-Year Low; and Behavioral Analytics for Fighting Malware
January 3, 2017
Welcome to the Weekly News Round Up from the SC&H Group blog. Each week, we showcase audit, tax, and consulting news to keep you informed about the current stories and events impacting the accounting and business landscape – and ultimately your financial obligations.
This week, we highlight how consumer optimism continues to surge in the wake of the Presidential election. In addition, home prices rise in major cities, and the IPO market is at a 7-year low.
Consumer Optimism Continues Post-Election Surge
The post-election surge in optimism over the economy spilled into December, sending The Conference Board’s consumer confidence index to a post-recession high.
Fed Adopts Bank Bailout Prevention Rule
The U.S. Federal Reserve has added a rule to its bailout-prevention regulatory package that requires the eight largest banks to maintain a minimum amount of long-term debt.
Home Prices in Major Cities Rise 5.1 Percent in October
Home prices in 20 major U.S. cities posted another solid gain in October, while a nationwide index showed prices rising to their highest levels since the financial crisis.
IPO Market Drops to 7-Year Low
The sluggish U.S. IPO market recovered in late 2016, but still fell well below 2015 levels in both activity and proceeds raised, according to new research.
The ACA: Still The Law, and Likely to Stay That Way – for a While
According to this recent Accounting Today article, the ACA will most likely not be changing anytime soon under the Trump administration.
FAF Names New Trustees
The Board of Trustees of the Financial Accounting Foundation has appointed three new trustees, effective Jan. 1, 2017: Susan Carter, Anthony Dowd and T. Eloise Foster.
CIOs Will Thwart Cybersecurity Threats with Behavioral Analytics in 2017
This year, CIOs will be eyeing tools that use anomaly-detecting analytics and machine learning algorithms to protect their companies’ data.