A bipartisan group of U.S. House and Senate lawmakers urged President Joe Biden to issue an executive order to increase the screening of investments by American companies in foreign adversaries, particularly China. An executive order controlling American investment abroad would “safeguard our national security and supply chain resiliency on outbound investments to foreign adversaries,” eight…
Lawmakers Push Biden to Order Screening of American Investments in China
September 28, 2022
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Business & MarketsChinacongresseconomic policiesforced technology transferintellectual property theftInvestmentPoliticsUSUS-China relations
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Lawmakers Push Biden to Order Screening of US Investments in China
September 28, 2022
admin
Business & MarketsChinacongresseconomic policiesforced technology transferintellectual property theftInvestmentPoliticsUSUS-China relations
0 Comment
A bipartisan group of U.S. House and Senate lawmakers urged President Joe Biden to issue an executive order to increase the screening of investments by U.S. companies in foreign adversaries, particularly China. An executive order controlling U.S. investment abroad would “safeguard our national security and supply chain resiliency on outbound investments to foreign adversaries,” eight…
Democrats Release Bill to Ban Stock Trading by Members of Congress, SCOTUS
House Democrats have released their long-awaited bill to ban stock trading by members of Congress, senior government officials, and U.S. Supreme Court justices, with the legislation seeking to cut conflicts of interest, increase transparency around enforcement, and make penalties for noncompliance more painful. The text of the bill (pdf), titled “Combatting Financial Conflicts of Interest in…
Democrats Release Legislation to Ban Stock Trading by Members of Congress, SCOTUS
House Democrats have released their long-awaited proposal to ban stock trading by members of Congress, senior government officials, and U.S. Supreme Court justices, with the measure seeking to cut conflicts of interest, increase transparency around enforcement, and make penalties for noncompliance more painful. The text of the legislation (pdf), “Combatting Financial Conflicts of Interest in…
Ford to Invest $700 Million, Add 500 Jobs at Louisville Truck Plant
LOUISVILLE, Ky.—Ford will invest $700 million mainly at its Kentucky Truck Plant in Louisville, creating about 500 new jobs over the next four years. The company made the announcement Tuesday after a state board approved incentives for Ford’s investment in the state. Most of the money will go to retool the truck plant, which makes…
3 Men Charged in $100 Million New Jersey Deli Fraud Scheme
U.S. authorities on Monday filed civil and criminal charges against three men for allegedly orchestrating a large-scale market manipulation scheme that briefly pushed the valuation of a New Jersey deli to more than $100 million. Prosecutors charged the men—Peter Coker Sr., 80, Peter Coker Jr., 53, both of North Carolina, and James Patten, 63, of…
Morgan Stanley Warns of Something Worse Than a ‘Normal Recession’
September 27, 2022
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Business & Marketscorporate earningseconomyinflationInvestmentMarketspersonal financerecessionstock marketUSUS News
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Morgan Stanley’s Chief U.S. Equity Strategist Michael Wilson said that he’s convinced a corporate earnings recession is coming—and that it could be worse than a “normal” recession. Wilson said in a Sept. 26 interview with CNBC’s “Squawk Box” that his team at Morgan Stanley is looking closely at the U.S. business earnings story and the impact…
Investors Fear Higher Interest Rates Could Further Sink Stock Prices
In 2022, investors have lost more than $7.6 trillion on U.S. stocks, and experts warn these losses could mount heading into 2023. From institutional investors to retail traders, it has been a challenging year as they navigate the worst-performing market in five decades, says Bespoke Investment Group. “It is no secret that 2022 has not…
Investors Worry Higher Interest Rates Might Sink Stock Prices Further
Investors have lost more than $7.6 trillion on U.S. stocks this year, and experts are warning that the losses could mount heading into 2023. From institutional investors to retail traders, it’s been a challenging year to navigate the worst-performing market in five decades, Bespoke Investment Group says. “It is no secret that 2022 has not…
Real Estate Industry Leaders Forecast Gloomy 2023
While peering through an imaginary crystal ball, real estate industry leaders are forecasting cloudy skies for the residential market of early 2023. At a recent webinar hosted by the Hudson Gateway Association of Realtors in the New York metropolitan area, a National Association of Realtors (NAR) economist, along with panel of expert brokers, weighed in…
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