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A new study from Florida International University professors says retailers such as Urban Outfitters, Foot Locker, and Abercrombie Fitch—that have a significant use of operating leases—reported abnormal stock returns when they disclosed earnings.
Congressional Democrats have introduced legislation to create a new tax on stock transactions that they say “would generate billions in revenue” while addressing economic inequality and volatility in the market.
“The STOCK Act has dramatically curtailed overall stock trading activity by U.S. senators,” says Public Citizen. Its new report cautions, however, that “many still trade in corporations they oversee in their official capacity.”