Regulation
US Indicts 33 in $2.5 Billion Scheme to Aid North Korean Nukes
North Korean, Chinese nationals charged with funneling money through US banks.
Tag: China
Regulation
Trump to Investigate the ‘Hidden Risks’ of Investing in Chinese Companies
The president pledges to ‘protect American investors’ by studying the operational behaviors and guiding principles of the Chinese companies that they invest in.
Market Moves
Stock Market’s Rise Doesn’t Jibe with Overvalued P/E, Stovall Warns
CFRA sage likens investors to an ‘irresponsible teenager’ borrowing against dubious future allowances.
Coronavirus - COVID-19
Trump Considers Banning Chinese Stock in Federal Pension, Reports Say
The White House is reportedly reviewing its options against a planned investment into Chinese equities.
Coronavirus - COVID-19
Coronavirus Crisis Is ‘Crushing’ Global GDP Growth
Fitch Ratings slashes global growth forecast nearly in half to 1.3%.
Market Moves
A Dire Coronavirus Economic Scenario: US Grocery Shortfall
Signs of hoarding in Washington state and elsewhere in the West prompt fears of panic stockpiling nationwide.
Market Moves
As Virus Punishes Stocks, El-Erian Warns: Don’t Buy the Dips
Pummeled shares will take a lot longer to recover than normal, Allianz economist says.
Regulation
Boston Pension Fund Files Class Action Lawsuits Against Six Flags, HP
Electrical Workers Pension Fund claims investments in Six Flags and HP tumbled 44% and 30%, respectively.
Newsmakers
Charlie Munger Airs a Morose View of the Future
Lack of innovation and ‘wretched excess’ signal trouble is coming, Buffett’s pal warns.
Asset Management Culture
Indiana Congressman Calls on CalPERS CIO To Be Fired
Ben Meng is too close to the Beijing regime, says lawmaker Jim Banks, joining earlier attack from Secretary of State Mike Pompeo.
Who’s the Culprit for Why American Wage Growth Is Going Nowhere?
Perhaps the Chinese or robots or health care costs or baby boomers or …
News
Chinese Family Offices Return 11% in 2019
Private equity is the top performer, while fixed income is the largest allocation.
Look Out, Here Come the Grey Swans
Big changes that are foreseen, but nonetheless could upend the world as we know it, as State Street sees things.
Research
Economic Harm from Virus: 0.4% Off World GDP
IHS Markit predicts that a prolonged problem will extend far beyond China.
Risk
Virus Outbreaks Harm Stocks, Just Not on Tuesday
S&P 500, aside from yesterday’s rally, has dipped up to 13% due to epidemics, Citi says.