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Keyword: investment

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  • Mystery of $2 Billion of loans backed by fake gold in China; More than a dozen Chinese financial institutions loaned billions to Wuhan Kingold Jewelry with pure gold as collateral and insurance policies to cover any losses.

    06/29/2020 10:07:55 AM PDT · by SeekAndFind · 27 replies
    Nikkei Asian Review ^ | 06/29/2020 | WU YUJIAN, WU HONGYURAN, BAI YUJIE and HAN WEI, Caixin
    More than a dozen Chinese financial institutions, mainly trust companies, loaned 20 billion yuan ($2.8 billion) over the past five years to Wuhan Kingold Jewelry Inc. with pure gold as collateral and insurance policies to cover any losses. Kingold is the largest privately owned gold processor in central China's Hubei province. Its shares are listed on the Nasdaq stock exchange in New York. The company is led by Chairman Jia Zhihong, an intimidating ex-military man who is the controlling shareholder. What could go wrong? Well, plenty, as at least some of 83 tons of gold bars used as collateral turned...
  • Stock-market legend who called 3 financial bubbles says this is the "real McCoy' of bubbles

    06/17/2020 5:32:41 PM PDT · by wrrock · 57 replies
    Jeremy Grantham: ‘My confidence is rising quite rapidly that this is, in fact, becoming the fourth, real McCoy, bubble of my investment career. The great bubbles can go on a long time and inflict a lot of pain but at least I think we know now that we’re in one. And the chutzpah involved in having a bubble at a time of massive economic and financial uncertainty is substantial.’ "A market that may be the most bubblicious he’s seen in his storied career." "Grantham is worth paying attention to due to his prescient calls over the years. He said that...
  • stock strategy given current uncertainty

    06/02/2020 1:42:02 PM PDT · by SteveH · 10 replies
    me | 6/2/2020 | me
    given current uncertainties (in which one could include the potential for war with china over hk or tw), what should a prudent stock strategy be? givens: * recently invested in sp 500 index fund last december; currently hurting at -4.29%. perceived background: * lots of stimulus money sloshing around (?) where is all of that stimulus money ending up(?) * tensions with china and an apparent ongoing deep state aversion to trump's re-election asking for a friend
  • Twitter Stock Moves Lower After Trump Threatens Section 230 Action

    05/28/2020 1:20:38 PM PDT · by Helicondelta · 22 replies
    investopedia.com ^ | May 28, 2020
    Twitter, Inc. (TWTR) shares fell more than 2% off of their reaction highs earlier this week after President Trump announced plans for an executive order that would enable regulators to rethink Section 230 – a law designed to protect tech companies from third-party content liability. The move comes shortly after Twitter flagged one of the president's tweets about mail-in voting fraud with a fact-checking label, drawing a bout of criticism. While the executive order would mark an escalation in Trump's war against tech companies, the implementation would be up to the Federal Communications Commission (FCC) and the Federal Trade Commission...
  • In The First Quarter Bill & Melinda Gates Foundation Bought Stocks In A Couple Of Tech Giants That Did Quite Well During The Economic Lockdown

    05/26/2020 1:15:54 PM PDT · by USA Conservative · 24 replies
    Right Journalism ^ | 05.26.2020 | Natalie Dagenhardt
    The Bill & Melinda Gates Foundation has committed millions of dollars to research treatments and vaccines for COVID-19 as the pandemic continues to spread across the globe. Those endeavors are now fueling a lot of conspiracy theories. Of course even Bill Gates made some strange comments that fueled those conspiracy theories. Back in March he said, the country needs to go much further with a longer, coordinate shutdown to effectively turn back the spread of the disease. “We’re entering to a tough period that if we do it right we’ll only have to do it once, for six to 10...
  • Why the Threat of Delisting Chinese Stocks Is Great News for Investors

    05/22/2020 8:11:38 PM PDT · by SeekAndFind · 8 replies
    Money and Markets ^ | 05/22/2020 | Matthew Clark
    The U.S. Senate approved legislation Wednesday that would require companies listed on stock exchanges to certify they aren’t under the control of a foreign government.It specifically takes aim at companies based in China that could be working under the influence of the Communist government in Beijing.The news sent shares of Chinese e-commerce giant Alibaba Group Holding Ltd. (NYSE: BABA) tumbling Wednesday. Shares were down another 3% through afternoon trading Thursday.Lawmakers have expressed concern that American money is funding Chinese efforts to dominate fields from artificial intelligence to internet data collection.“I do not want to get into a new Cold War,”...
  • Trump Administration Moves to Block US Pension Fund Investment in Chinese Equities

    05/12/2020 11:25:09 AM PDT · by absalom01 · 8 replies
    The Epoch Times ^ | May 12, 2020 | ISABEL VAN BRUGEN
    Leading Trump administration officials on May 11 moved to block further investment by U.S. federal retirement funds into Chinese equities that “present significant national security and humanitarian concerns,” reported FOX Business. National Economic Council Chair Larry Kudlow and National Security Adviser Robert O’Brien addressed a letter to U.S. Labor Secretary Eugene Scalia on Monday detailing the Trump administration’s wishes. The letter obtained by FOX Business outlined the Trump administration’s objections to the Thrift Savings Plan (TSP)—the federal government’s retirement savings fund—investing in Chinese companies. According to the news outlet, the funds total some $4 billion in assets. The letter stated,...
  • Vanity: Financial Strategy Opinions???

    04/28/2020 10:21:47 PM PDT · by Oscar in Batangas · 43 replies
    My locked down mind | today | Oscar in Batangas
    Are we near the bottom or on a ledge? I put a few thousand into each of 10 Fidelity mutual funds but still have about ľ of my 'gambling money' sitting idle. After one week I'm up about 5%, but DANG are the knees ever shaking. C'mon steely-eyed gamblers, give your FRiends some advice!
  • Rep. Mike Waltz Warns Billions in U.S. Troops’ Retirement Savings Funding the Chinese Military

    04/25/2020 9:42:47 PM PDT · by RomanSoldier19 · 12 replies
    https://www.breitbart.com ^ | Apr 2020 | KRISTINA WONG
    embers of the United States military are inadvertently funding the rise of their biggest 21st Century adversary — China — through their retirement savings, Army Green Beret and Congressman Mike Waltz (R-FL) warned in an interview this week. About $50 billion from the 401k-style plan that U.S. troops put their savings into is invested in an index that includes Chinese firms, some of which build weapons systems for the Chinese military, he said in an interview with Breitbart News on Wednesday. “It’s insane,” he said. “This is the most dangerous adversary we have ever faced.”Waltz said in a video he...
  • U.S. military pensions to get invested in Chicom assets?

    04/17/2020 6:51:43 AM PDT · by SeekAndFind · 2 replies
    American Thinker ^ | 04/17/2020 | Monica Showalter
    Military pensions are important, and it's natural that the agencies investing them would want to get them the best possible returns. But a new report from John Solomon's JustTheNews site suggests that something a little disturbing is going on: U.S. military and other federal pensions are apparently going to be invested Chinese entities if a new investment setup goes through. Christine Dolan of JustTheNews writes: In November 2017, FRTIB Chairman Michael Kennedy, who is Managing Director of Korn/Ferry International, and his board decided to change $50 billion in U.S. government retirement funds to a new global investment index known...
  • fter Congressional Coronavirus Meetings, Pelosi Bought $5 Million in Amazon Stock Before U.S. Retailers Were Forced to Close; And She Already Made Millions

    04/05/2020 8:33:49 PM PDT · by bitt · 60 replies
    TRUEPUNDIT ^ | 4/5/2020
    Speaker of the House Nancy Pelosi and her husband are cashing in already on $5 million of Amazon stock purchased during the time frame that closed-door coronavirus meetings were being conducted in Congress. As of Tuesday morning, the Pelosi stock purchase had already earned the couple $1.1 million in less than 10 weeks. The Amazon share price climbed close to $2,000 on Tuesday. Paul Pelosi, the speaker’s husband, got in at a price of $1,600 per share and grabbed 3,000 shares on Jan. 17, according to financial disclosure filings. Additionally, Paul Pelosi held 40 additional call options on Amazon stock...
  • What to Expect from President Trump's SECURE Act

    02/21/2020 7:48:27 AM PST · by Kaslin · 20 replies
    Townhall.com ^ | February 21, 2020 | Donald Lambro
    WASHINGTON - “Like grave robbers opening King Tut’s tomb, Congress can’t wait to get its hands on America’s retirement account assets,” the Wall Street Journal warned taxpayers last year. The warning was contained in an article written by Philip DeMuth, author of “The Overtaxed Investor: Slash Your Tax Bill and Be a Tax Alpha Dog.” He was writing about the House-passed Setting Every Community Up for Retirement Enhancement Act, known by its less than honest acronym, “SECURE.” If you have laid aside investment funds for your kids to inherit to help them out after you’ve passed away, there will be...
  • FINANCE Private Equity Eyes Coronavirus-Struck Industries: ‘They Have Been Waiting For This’

    03/25/2020 10:15:01 AM PDT · by Kenny Bania · 9 replies
    CNBC ^ | March 25, 2020 | Hugh Son, Alex Sherman, Lauren Hirsch
    The coronavirus pandemic is shutting down entire sectors of the economy and putting millions of Americans out of work, but one corner of Wall Street may find opportunity amid the carnage: private equity. Private equity firms have been stockpiling cash in recent years as rising markets made it harder for them to invest, accumulating a record pile of “dry powder” for deals. The industry typically buys undervalued companies with borrowed money, taking them private to spruce up operations for an eventual sale. The high company valuations that kept them at bay collapsed this month amid widespread business closures and quarantines...
  • GOP lawmaker accuses California public pension fund of investing in blacklisted Chinese companies

    02/17/2020 5:51:57 PM PST · by bitt · 11 replies
    The Hill ^ | 02/13/20 | BY KAELAN DEESE
    Rep. Jim Banks (R-Ind.) on Thursday said that he has written a letter to California Gov. Gavin Newsom (D) to voice concerns over the state's public pension fund chief and his connections with China. The Indiana congressman is calling out the California Public Employees' Retirement System (CalPERS), the largest state pension fund in the U.S., for allegedly investing in numerous select blacklisted Chinese companies that manufacture military products. The California-based fund invested $3.1 billion into 172 different Chinese companies, Banks said in an appearance on Fox Business Network. He said that some of the companies invested in have been blacklisted...
  • White House considering tax incentive for more Americans to buy stocks, sources say

    02/15/2020 2:14:37 PM PST · by Libloather · 76 replies
    CNBC via MSN ^ | 2/14/20 | Kayla Tausche
    WASHINGTON - As part of a forthcoming package of proposed tax cuts, the White House is considering ways to incentivize U.S. households to invest in the stock market, according to four senior administration officials familiar with the discussions. The proposal, one of many new tax cuts under consideration, would see a portion of household income treated as tax-free for the purposes of investing outside a traditional 401(k). Under one scenario, a household earning up to $200,000 could invest $10,000 tax-free, although officials noted these numbers are fluid. "Nothing's ruled out," said one senior administration official. "Nothing's been ruled in, either."...
  • Coronavirus likely to infect the global economy

    02/15/2020 8:50:29 AM PST · by MeneMeneTekelUpharsin · 25 replies
    The Harvard Gazette ^ | 13 February 2020 | Alvin Powell
    Business School's Shih expects disruptions for nations trading with China and for manufacturers dependent on it for components for electronics, consumer products, and pharmaceuticals Coronavirus likely now ‘gathering steam’ Coronavirus cases hit 17,400 and are likely to surge The rapid development of China’s coronavirus crisis coincided with the annual idling of much of the country’s economic activity due to the Lunar New Year break, which typically runs for a week or two. Global economists have been watching the post-holiday economic restart closely. Delayed a week to allow public health officials to get a better handle on the contagion, experts are...
  • Last Defendant Convicted in Stanford International Bank $7 Billion Investment Fraud Scheme

    02/03/2020 2:40:53 PM PST · by ransomnote · 9 replies
    justice.gov ^ | January 30, 2020 | doj
    Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Thursday, January 30, 2020 The former chief of Antigua’s Financial Services Regulatory Commission (FSRC) has pleaded guilty for his role in connection with the Stanford International Bank (SIB) Ponzi scheme.Assistant Attorney General Brian A. Benczkowski of the Justice Department’s Criminal Division and U.S. Attorney Ryan K. Patrick of the Southern District of Texas made the announcement.Leroy King, 74, of Dickerson Bay, Antigua, was the last remaining defendant in the SIB scheme. Today, he pleaded guilty to one count of conspiracy to obstruct justice and one count of obstruction of...
  • Climate of Investment Fear: Insurers and banks bow to progressives and divest from fossil fuels.

    01/07/2020 6:27:17 PM PST · by karpov · 22 replies
    Wall Street Journal ^ | January 6, 2020
    Climate crusaders are failing to persuade voters to limit fossil fuels, but they’re turning to coercion by other means. They’re having some success with U.S. banks and insurers that are caving to pressure to divest from carbon energy. The Hartford insurance group last month announced it will no longer insure or invest in companies that generate more than 25% of their revenues from coal mining or more than 25% of their energy from coal. It will also black-list companies that generate more than a quarter of their revenues from drilling in Canada’s Alberta oil sands. “As an insurer and asset...
  • Opinion: Putting all your money into stocks like a CNBC anchor advocates is a bad idea: In defense of the 60/40 portfolio

    12/25/2019 6:46:28 PM PST · by SeekAndFind · 14 replies
    Market Watch ^ | 12/24/2019 | Mark Hulbert
    I rise, your Honor, in defense of the 60/40 portfolio.I do so to counter the growing consensus that the standard asset allocation of 60% equities and 40% bonds is “dead.” Just last week, CNBC anchor Becky Quick added her voice to this chorus, saying that “you’re never going to make enough money if you have 40% of your money in bonds.” Earlier this fall, Bank of America declared the “end” of the 60/40 portfolio.To be sure, no one is denying that the 60/40 portfolio has a stellar long-term track record. Consider its performance since 1926, according to calculations I made...
  • Rocketman: Vatican funded explicit film of Elton John’s life

    12/05/2019 3:03:50 PM PST · by ebb tide · 18 replies
    The Times ^ | December 5, 2019 | Tom Kingtom
    Rocketman: Vatican funded explicit film of Elton John’s life The biographical film about Sir Elton John, which contains a gay sex scene, was partly financed by an investment fund backed by the Vatican, an Italian newspaper has reported.The use of money donated by Roman Catholics to help to fund Rocketman emerged during a Vatican inquiry into where the cash, which is officially used for good works, has been invested.Researchers were looking into the Vatican secretariat of state’s backing of Centurion Global Fund, the Malta-based company that invested €1 million in the film’s production, Corriere della Sera reported