Over 63% of affluent young adults between the ages of 18 and 22, the so-called Generation Z demographic, are counting on familial inheritances to pay for their retirement years. This is according to a recent Merrill Edge Spring Report compiling data on the subject. Considering that the children of affluence have more access to resources […]
President Trump and his administration are finalizing a list of goods from China that will be subject to the newly imposed 25% tariff with the tariff going into effect soon. This is only one of many details and deadlines that are looming in the ongoing trade debate between the United States, China, Canada, Mexico and […]
Foreign investment icon Mark Mobius said that North Korea presents a “tremendous opportunity” for future international commerce. President Donald Trump and North Korean leader Kim Jong Un’s recent historic summit in Singapore has emerging market investors interested in North Korea’s potential future on the world stage. Experts are speculating whether North Korea, long a hermit […]
Former Federal Reserve Chairman Ben Bernanke, who oversaw the economy during the Great Recession and lowered interest rate to zero in response, warns that the enormous Trump tax cuts are likely to push the economy off a cliff — then it falls to the bottom like the cartoon character Wile E. Coyote. What has Bernanke […]
Escalating global trade war tensions, fueled by mounting Trump administration bravado, could retrigger the 2008 global financial crisis, warns the World Bank. This is the grim prediction that the bank foresees in their latest Global Economic Prospects report. The World Bank is a 189-member international financial institution that provides loans to countries, especially in the […]
Japan Post Bank (JPB) will increase its investment allocation to alternative assets, including real estate, hedge funds, private equity, and private debt by about ¥7 trillion ($64 billion) in the next three years. The move comes as a strategic decision to offset an expected yield decline in the Tokyo-based bank’s massive holdings in Japanese government […]
The flamboyant founder of the Virgin Group in the UK, billionaire Richard Branson, is making an entry into private equity for the first time. Branson has joined with $2bn London-based Metric Capital to create an investment vehicle that will make targeted PE investments in consumer businesses. Branson plans to raise $500 million from institutional investors […]
Leon Cooperman, the Chairman and CEO of Omega Advisors, is well known for his value investing and fundamental analysis. His firm, founded in 1991, and currently has $3.4 billion in assets under management. In this interview, Cooperman touched on everything from the stock market to tariffs enacted by the Trump administration. Regarding stocks, Cooperman said he […]
It has been four months since stocks hit their low reading back in February. Since that low, the Russell 2000 has been outperforming the S&P 500 by a wide margin. In fact, the Russell has nearly doubled the return of the S&P with returns of 14.5% and 7.4% respectively. What is even more interesting is […]
Demand, meet supply. And prices fall. Oregon authorities say that the state has a glut of more than 1 million pounds of legal marijuana. The state has a population of about 4.1 million people. That’s about a quarter-pound of pot for every resident for a drug that normally is sold in fractions of an ounce. […]
