WASHINGTON — The Trump administration proposed new rules on Tuesday that would allow the United States to exert greater control over foreign investment by broadening the government’s authority to block technology and real estate transactions. The regulations, released by the Treasury Department, would add teeth to a 2018 law, the Foreign Investment Risk Review Modernization Act, that expanded the powers of a government panel to block transactions on national security grounds. The rules, which would not take effect until next year, would give the Committee on Foreign Investment in the United States, or CFIUS, greater power to stop foreign investment in areas the United States deems protected. While the rules would apply to any foreign investment, the effort is primarily aimed at preventing China from gaining access to sensitive American technology and other valuable assets. The move is the latest attempt by the administration to thwart China’s technological and … [Read more...] about U.S. Outlines Plans to Scrutinize Chinese and Other Foreign Investment
For most of your adult life, one of the challenges of managing money is slicing off a piece of your paycheque and adding that to investments that will, hopefully, grow your nest egg over time.But a growing number of people in or near retirement are facing the opposite problem: how do you slice off something similar to a regular paycheque from your investment portfolio? One popular strategy is to invest in assets that produce a regular cash flow. Once upon a time, for most people, that used to be guaranteed investment certificates (GICs). You’d lend money to a financial institution for a set number of months or years and would be guaranteed your money back plus a certain amount of interest.READ MORE: Here’s what fees can do to your retirement if you don’t pay attentionUntil the 1990s, “you could just take your whole portfolio, turn it into GICs, and get eight per cent, which was a thing,” said Julia Chung, a certified financial planner and partner at Spring … [Read more...] about What’s the best way to generate cash from your investments in retirement?
U.S. business investment contracted more sharply that previously estimated in the second quarter and corporate profit growth was tepid, casting a shadow on the economy, which is being stalked by financial market fears of a recession. Business investment declined at a 1.0% annualized rate last quarter, the government said in its third reading of second-quarter GDP on Thursday. That was the steepest decline since the fourth quarter of 2015. Business investment was previously estimated to have declined at a 0.6% pace. It was pulled down by an 11.1% pace of decline in spending on structures, which reflected drops in the categories of commercial and healthcare, and mining exploration, shafts and wells. After-tax profits without inventory valuation and capital consumption adjustment, which correspond to S&P 500 profits, increased at a downwardly revised 3.3% rate. Profits were previously reported to have advanced at a 4.8% rate in the second quarter. Weak business spending and tepid … [Read more...] about Business Investment Drops 1 Percent, Much Weaker Than Estimated
03 Aug 2019, 09:19PM IST Source: Mirror Now This is your guide to investment planning. With a complex investment environment and multiplicity of financial goals, here is a systematic way to achieve sanity in your financial life is through a goal-oriented approach. Investing is common in developed markets where individuals have separate investment plans catering to different expenses. … [Read more...] about Your guide to investment planning
Sen. Elizabeth Warren, D-Mass., invested up to $50,000 in a retirement account run by an investment management company that has heavily invested in private prison companies, The Washington Free Beacon reports. Warren, who has pledged to ban private prisons and detention facilities if elected president, at one point invested in Vanguard Target Retirement 2025, which is run by the Vanguard Group, before selling her stakes for a different account in 2013. At that time, Vanguard was the top shareholder for Corrections Corporation of America, now called CoreCivic, and one of the top shareholders of GEO Group, both of which are private prison companies. Vanguard Group told CNN last July that it was in the process of shedding its more controversial investments. "We believe it would be exceedingly difficult to manage our funds effectively and efficiently while seeking to address the many social, political, and environmental concerns of our 20 million clients and the broader global community," … [Read more...] about Report: Elizabeth Warren Invested in Fund Tied to Private Prisons