investment

Indian Government Begins Moving to Curb Chinese Imports

The government of India is stepping in to help local manufacturers develop alternatives to Chinese imports, and is officially asking consumers to boycott Chinese products in retaliation for the border skirmish that left at least 20 Indian soldiers dead last week.

Exile Tibetans and local Indians burn a Chinese national flag during a protest in Dharmsala, India, Friday, June 19, 2020. India said Thursday it was using diplomatic channels with China to de-escalate a military standoff in a remote Himalayan border region where 20 Indian soldiers were killed this week. (AP …

Bill Gross Sues PIMCO for $200 Million

Former PIMCO boss Bill Gross has just filed a lawsuit against PIMCO seeking $200 million and claiming to be a victim–despite the company receiving a “Wells Notice” warning that the Securities and Exchange Commission (SEC) is investigating potential criminal violations in investment performance reporting during Gross’s tenure.

Bill Gross of PIMCO (Jim Young / Reuters)

Farmland Prices Down 9%, Predicted to Drop Another 25%

Breitbart News reported in January that farmland prices were estimated to have fallen 3 percent, for their first fall since 1986. But the Chicago Federal Reserve just upped the decline to 8.9 percent, and “Grant’s Interest Rate Observer” warns that farmland

Drought farm (Jae C. Hong / Associated Press)

NYC Hedge Funds Risk ‘Down Rounds’ in Silicon Valley Deals

Following Benchmark Capital partner Bill Gurley’s warning last week at the South-by-Southwest conference (SXSW) that “we are in a risk bubble”, Bloomberg, the Wall Street Journal and the New York Times all sounded the claxon horn Monday morning that New York hedge funds and mutual funds are flooding into late-stage venture capital-back tech companies in the futile hope of making a killing when the firms go public.

Jason Harper