Regulation
UK Pension Cleared to Sue Apple over Alleged Misleading China Comments
Judge says it ‘strains credulity’ that CEO Tim Cook was unaware of potential impact of trade tensions on iPhone sales in China.
Tag: China
Market Moves
Ray Dalio Sounds the Alarm about a Rising China
US weaknesses give the world’s second largest economy an opening, he warns.
Market Moves
How a Trump or Biden Victory Might Affect the Economy
S&P Global Ratings analyzes the candidates’ differences and ‘surprising similarities.’
Market Moves
Emerging Markets and China Hedge Funds Likely to Outperform
Regional equity gains, as well as currency increasing against a declining US dollar, helped the asset classes surge in second quarter.
Asset Management Culture
China OKs BlackRock, Temasek Joint Wealth Management Venture
The decision was approved by the country’s banking regulatory authority in the first half of the year.
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.
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.